Walmart Inc (NYSE:WMT) Shares Sold by RFG Advisory LLC

RFG Advisory LLC decreased its holdings in Walmart Inc (NYSE:WMT) by 70.5% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 4,052 shares of the retailer’s stock after selling 9,672 shares during the period. RFG Advisory LLC’s holdings in Walmart were worth $446,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the business. Vanguard Group Inc. grew its stake in shares of Walmart by 0.7% in the 2nd quarter. Vanguard Group Inc. now owns 130,107,288 shares of the retailer’s stock valued at $14,375,553,000 after buying an additional 920,813 shares during the period. FMR LLC grew its stake in shares of Walmart by 0.4% in the 1st quarter. FMR LLC now owns 24,068,619 shares of the retailer’s stock valued at $2,347,413,000 after buying an additional 90,683 shares during the period. Price T Rowe Associates Inc. MD grew its stake in shares of Walmart by 6.0% in the 2nd quarter. Price T Rowe Associates Inc. MD now owns 12,807,349 shares of the retailer’s stock valued at $1,415,084,000 after buying an additional 721,297 shares during the period. Bank of New York Mellon Corp grew its stake in shares of Walmart by 3.3% in the 2nd quarter. Bank of New York Mellon Corp now owns 11,771,790 shares of the retailer’s stock valued at $1,300,665,000 after buying an additional 373,683 shares during the period. Finally, Morgan Stanley grew its stake in shares of Walmart by 5.2% in the 2nd quarter. Morgan Stanley now owns 11,422,339 shares of the retailer’s stock valued at $1,262,053,000 after buying an additional 565,425 shares during the period. Institutional investors own 30.11% of the company’s stock.

Several analysts have recently weighed in on the stock. Raymond James increased their price target on shares of Walmart from $110.00 to $120.00 and gave the company an “outperform” rating in a research note on Friday, August 16th. KeyCorp increased their price target on shares of Walmart from $125.00 to $128.00 and gave the company an “overweight” rating in a research note on Friday, August 16th. Bank of America reissued a “buy” rating and issued a $135.00 price target (up previously from $120.00) on shares of Walmart in a research note on Friday, August 16th. Goldman Sachs Group set a $123.00 price target on shares of Walmart and gave the company a “buy” rating in a research note on Thursday, August 15th. Finally, Telsey Advisory Group reissued an “outperform” rating and issued a $125.00 price target (up previously from $118.00) on shares of Walmart in a research note on Friday, August 16th. Two investment analysts have rated the stock with a sell rating, twelve have given a hold rating and eighteen have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $116.09.

In other Walmart news, SVP David Chojnowski sold 3,680 shares of the stock in a transaction that occurred on Wednesday, September 4th. The shares were sold at an average price of $115.38, for a total transaction of $424,598.40. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider John R. Furner sold 7,900 shares of the stock in a transaction that occurred on Monday, August 19th. The stock was sold at an average price of $114.72, for a total transaction of $906,288.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 14,580 shares of company stock worth $1,658,306. 50.22% of the stock is owned by company insiders.

Walmart stock traded up $0.07 during mid-day trading on Wednesday, reaching $118.47. 4,626,732 shares of the company’s stock were exchanged, compared to its average volume of 6,495,477. The company has a market cap of $332.72 billion, a P/E ratio of 24.13, a P/E/G ratio of 5.03 and a beta of 0.39. Walmart Inc has a twelve month low of $85.78 and a twelve month high of $119.86. The company has a quick ratio of 0.21, a current ratio of 0.76 and a debt-to-equity ratio of 0.83. The company has a fifty day moving average of $113.18 and a 200-day moving average of $106.87.

Walmart (NYSE:WMT) last released its earnings results on Thursday, August 15th. The retailer reported $1.27 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.22 by $0.05. The company had revenue of $130.40 billion for the quarter, compared to analyst estimates of $129.32 billion. Walmart had a net margin of 2.48% and a return on equity of 18.23%. The firm’s quarterly revenue was up 2.6% on a year-over-year basis. During the same period in the prior year, the business earned $1.29 EPS. Equities research analysts expect that Walmart Inc will post 4.91 earnings per share for the current fiscal year.

Walmart Company Profile

Walmart Inc engages in the retail and wholesale operations in various formats worldwide. The company operates through three segments: Walmart U.S., Walmart International, and Sam's Club. It operates supercenters, supermarkets, hypermarkets, warehouse clubs, cash and carry stores, discount stores, drugstores, and convenience stores; membership-only warehouse clubs; e-commerce Websites, such as walmart.com, jet.com, shoes.com, and samsclub.com; and mobile commerce applications.

Read More: Why does the United States have a lingering trade deficit?

Want to see what other hedge funds are holding WMT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Walmart Inc (NYSE:WMT).

Institutional Ownership by Quarter for Walmart (NYSE:WMT)

Receive News & Ratings for Walmart Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Walmart and related companies with MarketBeat.com's FREE daily email newsletter.