Walmart Inc (NYSE:WMT) Shares Sold by Verity & Verity LLC

Verity & Verity LLC lessened its position in Walmart Inc (NYSE:WMT) by 1.0% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 93,505 shares of the retailer’s stock after selling 934 shares during the period. Walmart accounts for about 2.4% of Verity & Verity LLC’s portfolio, making the stock its 9th biggest holding. Verity & Verity LLC’s holdings in Walmart were worth $11,121,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of WMT. Krane Funds Advisors LLC bought a new stake in shares of Walmart in the 2nd quarter valued at about $26,000. AllSquare Wealth Management LLC grew its position in shares of Walmart by 235.3% in the 2nd quarter. AllSquare Wealth Management LLC now owns 285 shares of the retailer’s stock valued at $31,000 after buying an additional 200 shares during the last quarter. Mcmillion Capital Management Inc. bought a new stake in shares of Walmart during the 2nd quarter valued at about $34,000. Litman Gregory Asset Management LLC bought a new stake in shares of Walmart during the 2nd quarter valued at about $37,000. Finally, MRA Associates USA LLC bought a new stake in shares of Walmart during the 2nd quarter valued at about $37,000. 30.10% of the stock is owned by institutional investors and hedge funds.

In other Walmart news, SVP David Chojnowski sold 3,680 shares of the stock in a transaction on Wednesday, September 4th. The stock was sold at an average price of $115.38, for a total transaction of $424,598.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider John R. Furner sold 7,900 shares of the stock in a transaction on Monday, August 19th. The shares were sold at an average price of $114.72, for a total value of $906,288.00. The disclosure for this sale can be found here. 51.11% of the stock is currently owned by corporate insiders.



Several equities research analysts recently commented on the company. Royal Bank of Canada set a $112.00 target price on Walmart and gave the company a “neutral” rating in a research report on Thursday, August 15th. Gordon Haskett raised Walmart from an “accumulate” rating to a “buy” rating and upped their price target for the stock from $115.00 to $125.00 in a research note on Thursday, August 15th. Credit Suisse Group set a $105.00 price target on Walmart and gave the stock a “hold” rating in a research note on Thursday, August 15th. Citigroup reaffirmed a “buy” rating and set a $135.00 price target (up from $129.00) on shares of Walmart in a research note on Wednesday, September 18th. Finally, Loop Capital increased their price objective on Walmart to $115.00 and gave the stock a “hold” rating in a research note on Tuesday, July 23rd. Two research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and eighteen have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $116.09.

Shares of WMT traded up $0.63 on Friday, reaching $120.24. 6,127,955 shares of the company’s stock traded hands, compared to its average volume of 6,386,774. The company has a current ratio of 0.76, a quick ratio of 0.21 and a debt-to-equity ratio of 0.83. The stock has a market cap of $334.43 billion, a PE ratio of 24.49, a PEG ratio of 5.06 and a beta of 0.40. The stock’s 50 day simple moving average is $116.01 and its two-hundred day simple moving average is $108.44. Walmart Inc has a 52-week low of $85.78 and a 52-week high of $120.71.

Walmart (NYSE:WMT) last issued its quarterly earnings results on Thursday, August 15th. The retailer reported $1.27 EPS for the quarter, beating the Zacks’ consensus estimate of $1.22 by $0.05. Walmart had a return on equity of 18.23% and a net margin of 2.48%. The company had revenue of $130.40 billion during the quarter, compared to the consensus estimate of $129.32 billion. During the same period last year, the business posted $1.29 earnings per share. Walmart’s revenue was up 2.6% on a year-over-year basis. Analysts forecast that Walmart Inc will post 4.92 earnings per share for the current 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.

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Institutional Ownership by Quarter for Walmart (NYSE:WMT)

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