Edge Wealth Management LLC Has $17.82 Million Position in Walmart Inc. (NYSE:WMT)

Edge Wealth Management LLC trimmed its stake in Walmart Inc. (NYSE:WMT) by 0.1% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 220,615 shares of the retailer’s stock after selling 125 shares during the period. Walmart accounts for 3.6% of Edge Wealth Management LLC’s portfolio, making the stock its 9th largest position. Edge Wealth Management LLC’s holdings in Walmart were worth $17,815,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the company. AHL Investment Management Inc. raised its holdings in shares of Walmart by 192.1% during the first quarter. AHL Investment Management Inc. now owns 24,000 shares of the retailer’s stock worth $1,444,000 after purchasing an additional 15,785 shares during the last quarter. Liberty Wealth Management LLC purchased a new position in shares of Walmart during the 1st quarter valued at approximately $270,000. Commerce Bank lifted its stake in shares of Walmart by 189.4% in the 1st quarter. Commerce Bank now owns 917,625 shares of the retailer’s stock valued at $55,213,000 after purchasing an additional 600,521 shares during the period. Envestnet Portfolio Solutions Inc. boosted its holdings in Walmart by 290.7% during the first quarter. Envestnet Portfolio Solutions Inc. now owns 270,065 shares of the retailer’s stock worth $16,250,000 after buying an additional 200,947 shares in the last quarter. Finally, Private Advisor Group LLC grew its position in Walmart by 189.4% during the first quarter. Private Advisor Group LLC now owns 643,848 shares of the retailer’s stock valued at $38,740,000 after buying an additional 421,366 shares during the period. 26.76% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on WMT shares. UBS Group boosted their price target on shares of Walmart from $81.00 to $92.00 and gave the stock a “buy” rating in a research report on Friday. JPMorgan Chase & Co. lifted their price target on shares of Walmart from $81.00 to $83.00 and gave the stock an “overweight” rating in a research note on Friday, August 16th. Deutsche Bank Aktiengesellschaft boosted their price target on Walmart from $77.00 to $83.00 and gave the company a “buy” rating in a research report on Friday, August 16th. Bank of America upped their price target on Walmart from $75.00 to $85.00 and gave the stock a “buy” rating in a research note on Friday, August 16th. Finally, TD Cowen raised their target price on shares of Walmart from $80.00 to $85.00 and gave the stock a “buy” rating in a research note on Friday, August 16th. One analyst has rated the stock with a hold rating, twenty-eight have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average target price of $82.96.

Walmart Price Performance

WMT traded up $1.36 on Tuesday, reaching $81.65. The stock had a trading volume of 13,272,267 shares, compared to its average volume of 17,227,215. The firm has a 50-day moving average of $76.80 and a 200-day moving average of $69.07. The company has a market capitalization of $656.76 billion, a price-to-earnings ratio of 34.78, a price-to-earnings-growth ratio of 3.99 and a beta of 0.51. Walmart Inc. has a fifty-two week low of $49.85 and a fifty-two week high of $81.82. The company has a current ratio of 0.80, a quick ratio of 0.22 and a debt-to-equity ratio of 0.46.

Walmart (NYSE:WMT) last announced its quarterly earnings results on Thursday, August 15th. The retailer reported $0.67 EPS for the quarter, beating analysts’ consensus estimates of $0.65 by $0.02. The business had revenue of $169.30 billion during the quarter, compared to analyst estimates of $168.56 billion. Walmart had a net margin of 2.34% and a return on equity of 21.72%. Walmart’s quarterly revenue was up 4.7% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.61 EPS. As a group, sell-side analysts anticipate that Walmart Inc. will post 2.44 EPS for the current year.

Insiders Place Their Bets

In related news, EVP John D. Rainey sold 3,000 shares of the company’s stock in a transaction that occurred on Tuesday, October 1st. The stock was sold at an average price of $80.97, for a total transaction of $242,910.00. Following the completion of the transaction, the executive vice president now owns 381,165 shares in the company, valued at $30,862,930.05. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, EVP John D. Rainey sold 3,000 shares of the firm’s stock in a transaction dated Tuesday, October 1st. The stock was sold at an average price of $80.97, for a total value of $242,910.00. Following the transaction, the executive vice president now owns 381,165 shares of the company’s stock, valued at $30,862,930.05. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP John R. Furner sold 13,125 shares of the stock in a transaction dated Thursday, September 26th. The shares were sold at an average price of $81.04, for a total transaction of $1,063,650.00. Following the transaction, the executive vice president now directly owns 606,165 shares of the company’s stock, valued at $49,123,611.60. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 12,335,272 shares of company stock valued at $958,101,276 in the last quarter. Corporate insiders own 45.58% of the company’s stock.

Walmart Company Profile

Walmart Inc engages in the operation of retail, wholesale, other units, and eCommerce 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, and discount stores under Walmart and Walmart Neighborhood Market brands; membership-only warehouse clubs; ecommerce websites, such as walmart.com.mx, walmart.ca, flipkart.com, PhonePe and other sites; and mobile commerce applications.