Waters Parkerson & CO. LLC Trims Stake in Walmart Inc. (NYSE:WMT)

Waters Parkerson & CO. LLC lowered its holdings in Walmart Inc. (NYSE:WMTGet Rating) by 0.4% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 52,455 shares of the retailer’s stock after selling 205 shares during the quarter. Waters Parkerson & CO. LLC’s holdings in Walmart were worth $6,803,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in WMT. WD Rutherford LLC purchased a new stake in Walmart in the second quarter valued at $29,000. Orion Capital Management LLC purchased a new stake in shares of Walmart in the 2nd quarter valued at $33,000. Timber Creek Capital Management LLC purchased a new stake in shares of Walmart in the 3rd quarter valued at $38,000. SJS Investment Consulting Inc. purchased a new stake in shares of Walmart in the 3rd quarter valued at $39,000. Finally, Corbenic Partners LLC raised its holdings in shares of Walmart by 140.0% in the 2nd quarter. Corbenic Partners LLC now owns 360 shares of the retailer’s stock valued at $44,000 after buying an additional 210 shares during the period. Hedge funds and other institutional investors own 31.27% of the company’s stock.

Walmart Stock Performance

Shares of Walmart stock traded down $2.28 on Wednesday, hitting $140.74. The stock had a trading volume of 815,331 shares, compared to its average volume of 5,203,639. Walmart Inc. has a 52-week low of $117.27 and a 52-week high of $160.77. The company has a current ratio of 0.86, a quick ratio of 0.23 and a debt-to-equity ratio of 0.48. The stock has a market cap of $379.55 billion, a price-to-earnings ratio of 44.14, a P/E/G ratio of 4.27 and a beta of 0.54. The company’s 50 day moving average price is $146.42 and its 200 day moving average price is $138.27.

Walmart (NYSE:WMTGet Rating) last posted its earnings results on Tuesday, November 15th. The retailer reported $1.50 earnings per share for the quarter, beating the consensus estimate of $1.32 by $0.18. Walmart had a return on equity of 19.54% and a net margin of 1.49%. The business had revenue of $152.80 billion during the quarter, compared to the consensus estimate of $146.80 billion. During the same period in the previous year, the business earned $1.45 EPS. The business’s quarterly revenue was up 8.8% on a year-over-year basis. On average, research analysts anticipate that Walmart Inc. will post 6.08 EPS for the current year.

Walmart announced that its board has approved a stock buyback plan on Tuesday, November 15th that authorizes the company to buyback $20.00 billion in shares. This buyback authorization authorizes the retailer to purchase up to 5% of its shares through open market purchases. Shares buyback plans are often an indication that the company’s leadership believes its shares are undervalued.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the company. Royal Bank of Canada set a $163.00 price objective on Walmart in a report on Friday, January 13th. JPMorgan Chase & Co. set a $155.00 price objective on Walmart in a report on Wednesday, November 16th. UBS Group cut their price objective on Walmart from $170.00 to $168.00 and set a “buy” rating on the stock in a report on Friday, January 6th. Morgan Stanley cut their price objective on Walmart from $164.00 to $161.00 and set an “overweight” rating on the stock in a report on Tuesday, January 17th. Finally, Atlantic Securities boosted their price objective on Walmart from $150.00 to $165.00 in a report on Thursday, December 1st. One analyst has rated the stock with a sell rating, nine have given a hold rating, eighteen have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $160.42.

Insider Activity

In other news, Director S Robson Walton sold 350,000 shares of the business’s stock in a transaction dated Friday, December 23rd. The stock was sold at an average price of $143.31, for a total value of $50,158,500.00. Following the completion of the sale, the director now directly owns 267,693,635 shares of the company’s stock, valued at approximately $38,363,174,831.85. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Walmart news, EVP John R. Furner sold 4,375 shares of the company’s stock in a transaction that occurred on Thursday, October 27th. The stock was sold at an average price of $140.94, for a total transaction of $616,612.50. Following the completion of the sale, the executive vice president now directly owns 263,809 shares of the company’s stock, valued at approximately $37,181,240.46. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director S Robson Walton sold 350,000 shares of the company’s stock in a transaction that occurred on Friday, December 23rd. The shares were sold at an average price of $143.31, for a total value of $50,158,500.00. Following the sale, the director now directly owns 267,693,635 shares of the company’s stock, valued at $38,363,174,831.85. The disclosure for this sale can be found here. In the last three months, insiders sold 8,831,902 shares of company stock valued at $1,312,822,421. Insiders own 47.06% of the company’s stock.

Walmart Company Profile

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Walmart, Inc engages in retail and wholesale business. The company offers an assortment of merchandise and services at everyday low prices. It operates through the following business segments: Walmart U.S., Walmart International, and Sam’s Club. The Walmart U.S. segment operates as a merchandiser of consumer products, operating under the Walmart, Wal-Mart, and Walmart Neighborhood Market brands, as well as walmart.com and other eCommerce brands.

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Institutional Ownership by Quarter for Walmart (NYSE:WMT)

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