Brighton Jones LLC Sells 4,050 Shares of Walmart Inc. (NYSE:WMT)

Brighton Jones LLC reduced its position in Walmart Inc. (NYSE:WMT) by 5.0% during the third quarter, HoldingsChannel.com reports. The firm owned 76,211 shares of the retailer’s stock after selling 4,050 shares during the period. Brighton Jones LLC’s holdings in Walmart were worth $6,154,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. AHL Investment Management Inc. increased its stake in Walmart by 192.1% in the 1st quarter. AHL Investment Management Inc. now owns 24,000 shares of the retailer’s stock worth $1,444,000 after buying an additional 15,785 shares during the period. Liberty Wealth Management LLC bought a new position in Walmart in the 1st quarter worth about $270,000. Commerce Bank increased its position in shares of Walmart by 189.4% during the first quarter. Commerce Bank now owns 917,625 shares of the retailer’s stock worth $55,213,000 after acquiring an additional 600,521 shares during the period. Envestnet Portfolio Solutions Inc. raised its stake in shares of Walmart by 290.7% during the first quarter. Envestnet Portfolio Solutions Inc. now owns 270,065 shares of the retailer’s stock valued at $16,250,000 after acquiring an additional 200,947 shares in the last quarter. Finally, Private Advisor Group LLC grew its stake in Walmart by 189.4% in the first quarter. Private Advisor Group LLC now owns 643,848 shares of the retailer’s stock worth $38,740,000 after purchasing an additional 421,366 shares in the last quarter. Hedge funds and other institutional investors own 26.76% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the company. Deutsche Bank Aktiengesellschaft upped their target price on Walmart from $77.00 to $83.00 and gave the stock a “buy” rating in a report on Friday, August 16th. TD Cowen raised their target price on shares of Walmart from $80.00 to $85.00 and gave the company a “buy” rating in a research report on Friday, August 16th. Robert W. Baird increased their price objective on shares of Walmart from $82.00 to $90.00 and gave the company an “outperform” rating in a research note on Monday, September 30th. Bank of America boosted their price objective on shares of Walmart from $75.00 to $85.00 and gave the stock a “buy” rating in a research note on Friday, August 16th. Finally, Oppenheimer increased their target price on Walmart from $81.00 to $90.00 and gave the company an “outperform” rating in a research report on Monday, October 14th. One equities research analyst has rated the stock with a hold rating, twenty-nine have issued 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 price target of $83.51.

Walmart Trading Up 1.5 %

Walmart stock opened at $83.26 on Thursday. The company has a quick ratio of 0.22, a current ratio of 0.80 and a debt-to-equity ratio of 0.46. Walmart Inc. has a 52 week low of $49.85 and a 52 week high of $83.34. The stock has a 50-day moving average price of $78.71 and a 200 day moving average price of $70.08. The company has a market capitalization of $669.26 billion, a price-to-earnings ratio of 43.29, a price-to-earnings-growth ratio of 4.11 and a beta of 0.51.

Walmart (NYSE:WMT) last posted 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. Walmart had a net margin of 2.34% and a return on equity of 21.72%. The company had revenue of $169.30 billion during the quarter, compared to the consensus estimate of $168.56 billion. During the same period in the previous year, the firm posted $0.61 earnings per share. The firm’s quarterly revenue was up 4.7% on a year-over-year basis. Sell-side analysts anticipate that Walmart Inc. will post 2.44 EPS for the current year.

Insider Transactions at Walmart

In related news, EVP John D. Rainey sold 3,000 shares of Walmart stock in a transaction that occurred on Thursday, August 1st. The stock was sold at an average price of $69.19, for a total transaction of $207,570.00. Following the completion of the transaction, the executive vice president now directly owns 387,165 shares in the company, valued at approximately $26,787,946.35. This trade 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 can be accessed through this hyperlink. In other Walmart news, EVP Daniel J. Bartlett sold 2,065 shares of the company’s stock in a transaction dated Tuesday, October 15th. The shares were sold at an average price of $80.69, for a total value of $166,624.85. Following the completion of the transaction, the executive vice president now owns 457,493 shares in the company, valued at approximately $36,915,110.17. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP John D. Rainey sold 3,000 shares of the firm’s stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $69.19, for a total value of $207,570.00. Following the sale, the executive vice president now owns 387,165 shares in the company, valued at $26,787,946.35. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 12,295,088 shares of company stock worth $955,284,831 over the last quarter. 45.58% of the stock is currently owned by insiders.

About Walmart

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.