Walmart Inc. (NYSE:WMT) Shares Sold by Toth Financial Advisory Corp

Toth Financial Advisory Corp decreased its holdings in shares of Walmart Inc. (NYSE:WMT) by 3.3% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 139,985 shares of the retailer’s stock after selling 4,733 shares during the quarter. Walmart comprises 1.3% of Toth Financial Advisory Corp’s holdings, making the stock its 18th largest holding. Toth Financial Advisory Corp’s holdings in Walmart were worth $11,304,000 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 the business. Investment Advisory Group LLC boosted its position in shares of Walmart by 2.1% during the 3rd quarter. Investment Advisory Group LLC now owns 6,182 shares of the retailer’s stock worth $499,000 after purchasing an additional 126 shares during the period. Professional Financial Advisors LLC raised its position in Walmart by 0.6% in the third quarter. Professional Financial Advisors LLC now owns 21,839 shares of the retailer’s stock valued at $1,763,000 after purchasing an additional 137 shares during the period. Inspire Advisors LLC lifted its stake in Walmart by 2.1% during the third quarter. Inspire Advisors LLC now owns 6,677 shares of the retailer’s stock worth $539,000 after purchasing an additional 137 shares in the last quarter. Trust Co of the South boosted its position in shares of Walmart by 0.5% during the third quarter. Trust Co of the South now owns 25,647 shares of the retailer’s stock worth $2,071,000 after buying an additional 138 shares during the period. Finally, LVZ Inc. grew its stake in shares of Walmart by 1.9% in the second quarter. LVZ Inc. now owns 7,824 shares of the retailer’s stock valued at $530,000 after buying an additional 143 shares in the last quarter. Hedge funds and other institutional investors own 26.76% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on WMT. Barclays raised their target price on Walmart from $66.00 to $78.00 and gave the company an “overweight” rating in a report on Friday, August 16th. The Goldman Sachs Group raised their price objective on shares of Walmart from $73.00 to $81.00 and gave the company a “buy” rating in a research note on Friday, August 16th. Wells Fargo & Company upped their target price on shares of Walmart from $81.00 to $88.00 and gave the stock an “overweight” rating in a research note on Monday, September 23rd. Guggenheim raised their price target on shares of Walmart from $75.00 to $81.00 and gave the company a “buy” rating in a research report on Friday, August 16th. Finally, Stifel Nicolaus upped their price objective on Walmart from $71.00 to $73.00 and gave the stock a “hold” rating in a research report on Tuesday, August 13th. One research analyst has rated the stock with a hold rating, twenty-eight have assigned a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, Walmart has an average rating of “Buy” and an average target price of $82.96.

Walmart Stock Performance

NYSE WMT traded down $0.43 during trading hours on Monday, hitting $80.88. The company had a trading volume of 2,286,105 shares, compared to its average volume of 17,060,975. The business has a 50 day moving average of $77.90 and a 200-day moving average of $69.68. The company has a market cap of $650.13 billion, a PE ratio of 42.14, a price-to-earnings-growth ratio of 4.07 and a beta of 0.51. Walmart Inc. has a 1-year low of $49.85 and a 1-year high of $81.82. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.22 and a current ratio of 0.80.

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

Insider Activity

In other news, major shareholder S Robson Walton sold 4,057,369 shares of Walmart stock in a transaction on Monday, September 9th. The shares were sold at an average price of $77.20, for a total value of $313,228,886.80. Following the transaction, the insider now directly owns 611,988,318 shares of the company’s stock, valued at $47,245,498,149.60. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. In other Walmart news, major shareholder S Robson Walton sold 4,057,369 shares of the firm’s stock in a transaction on Monday, September 9th. The shares were sold at an average price of $77.20, for a total transaction of $313,228,886.80. Following the transaction, the insider now directly owns 611,988,318 shares of the company’s stock, valued at approximately $47,245,498,149.60. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Daniel J. Bartlett sold 2,063 shares of the company’s stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $80.76, for a total transaction of $166,607.88. Following the completion of the sale, the executive vice president now directly owns 459,558 shares of the company’s stock, valued at $37,113,904.08. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 12,337,337 shares of company stock valued at $958,267,901. 45.58% of the stock is currently owned by company insiders.

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.