TCV Trust & Wealth Management Inc. Decreases Stock Position in Walmart Inc. (NYSE:WMT)

TCV Trust & Wealth Management Inc. cut its holdings in Walmart Inc. (NYSE:WMT) by 1.7% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 35,928 shares of the retailer’s stock after selling 620 shares during the period. TCV Trust & Wealth Management Inc.’s holdings in Walmart were worth $2,901,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in WMT. Liberty Wealth Management LLC purchased a new position in Walmart in the 1st quarter worth about $270,000. Commerce Bank raised its holdings in shares of Walmart by 189.4% during the first 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 last quarter. Envestnet Portfolio Solutions Inc. lifted its position in 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 purchasing an additional 200,947 shares during the period. Private Advisor Group LLC boosted its holdings 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 during the last quarter. Finally, Sustainable Insight Capital Management LLC bought a new stake in Walmart in the 1st quarter worth approximately $723,000. 26.76% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the company. Redburn Atlantic raised Walmart to a “strong-buy” rating in a report on Monday, September 23rd. Sanford C. Bernstein assumed coverage on Walmart in a report on Tuesday, October 22nd. They issued an “outperform” rating and a $95.00 target price on the stock. Tigress Financial boosted their price target on Walmart from $75.00 to $86.00 and gave the company a “buy” rating in a research note on Tuesday, July 23rd. Telsey Advisory Group increased their price objective on shares of Walmart from $82.00 to $92.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 8th. Finally, Robert W. Baird raised their price objective on shares of Walmart from $82.00 to $90.00 and gave the stock an “outperform” rating in a report on Monday, September 30th. One equities research analyst has rated the stock with a hold rating, twenty-nine have issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of “Buy” and an average target price of $83.51.

Insider Activity

In other Walmart news, EVP John D. Rainey sold 3,000 shares of the business’s 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 sale, the executive vice president now directly owns 387,165 shares of the company’s stock, valued at $26,787,946.35. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. In other Walmart news, major shareholder Alice L. Walton sold 2,375,563 shares of Walmart stock in a transaction on Thursday, September 5th. The shares were sold at an average price of $76.96, for a total transaction of $182,823,328.48. Following the completion of the transaction, the insider now directly owns 619,646,544 shares of the company’s stock, valued at $47,687,998,026.24. The trade was 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 D. Rainey sold 3,000 shares of the stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $69.19, for a total transaction of $207,570.00. Following the completion of the sale, the executive vice president now directly owns 387,165 shares in the company, valued at approximately $26,787,946.35. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 12,337,337 shares of company stock worth $958,784,857. 45.58% of the stock is currently owned by corporate insiders.

Walmart Price Performance

Shares of Walmart stock opened at $82.51 on Friday. The firm has a market cap of $663.67 billion, a PE ratio of 35.26, a PEG ratio of 4.11 and a beta of 0.51. The stock has a 50 day moving average of $79.09 and a 200 day moving average of $70.40. 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 Inc. has a 12 month low of $49.85 and a 12 month high of $83.34.

Walmart (NYSE:WMT) last posted its earnings results on Thursday, August 15th. The retailer reported $0.67 earnings per share 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 analyst estimates of $168.56 billion. Walmart had a net margin of 2.34% and a return on equity of 21.72%. Walmart’s revenue for the quarter was up 4.7% compared to the same quarter last year. During the same period last year, the firm posted $0.61 earnings per share. On average, research analysts expect that Walmart Inc. will post 2.44 EPS for the current fiscal year.

Walmart 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.