F M Investments LLC Cuts Stake in Walmart Inc. (NYSE:WMT)

F M Investments LLC decreased its stake in Walmart Inc. (NYSE:WMT) by 1.9% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 154,264 shares of the retailer’s stock after selling 2,934 shares during the period. F M Investments LLC’s holdings in Walmart were worth $12,450,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. BluePath Capital Management LLC lifted its position in shares of Walmart by 10.5% during the 3rd quarter. BluePath Capital Management LLC now owns 12,960 shares of the retailer’s stock valued at $1,047,000 after buying an additional 1,228 shares during the last quarter. Chicago Partners Investment Group LLC lifted its stake in Walmart by 2.2% in the 3rd quarter. Chicago Partners Investment Group LLC now owns 37,713 shares of the retailer’s stock worth $3,140,000 after purchasing an additional 828 shares in the last quarter. Farther Finance Advisors LLC grew its position in shares of Walmart by 9.0% during the 3rd quarter. Farther Finance Advisors LLC now owns 123,063 shares of the retailer’s stock valued at $9,937,000 after purchasing an additional 10,187 shares in the last quarter. Weatherly Asset Management L. P. increased its holdings in shares of Walmart by 1.5% in the third quarter. Weatherly Asset Management L. P. now owns 36,886 shares of the retailer’s stock worth $2,979,000 after purchasing an additional 551 shares during the period. Finally, Capital Advisors Inc. OK increased its holdings in shares of Walmart by 2.7% in the third quarter. Capital Advisors Inc. OK now owns 61,529 shares of the retailer’s stock worth $4,969,000 after purchasing an additional 1,633 shares during the period. 26.76% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on WMT shares. Morgan Stanley increased their price objective on Walmart from $75.00 to $82.00 and gave the stock an “overweight” rating in a research report on Friday, August 16th. Jefferies Financial Group increased their price objective on Walmart from $85.00 to $90.00 and gave the stock a “buy” rating in a research report on Wednesday, September 4th. TD Cowen raised their price target on Walmart from $80.00 to $85.00 and gave the company a “buy” rating in a research report on Friday, August 16th. Barclays raised their price target on Walmart from $66.00 to $78.00 and gave the company an “overweight” rating in a research report on Friday, August 16th. Finally, KeyCorp raised their price target on Walmart from $86.00 to $87.00 and gave the company an “overweight” rating in a research report on Monday, October 28th. One analyst has rated the stock with a hold rating, twenty-nine have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus price target of $83.89.

Walmart Stock Performance

Shares of Walmart stock traded up $0.24 during trading on Friday, hitting $82.19. 12,181,833 shares of the company’s stock traded hands, compared to its average volume of 11,532,335. Walmart Inc. has a 1 year low of $49.85 and a 1 year high of $83.34. The business has a 50-day simple moving average of $79.80 and a 200-day simple moving average of $71.09. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.80 and a quick ratio of 0.22. The stock has a market capitalization of $660.66 billion, a P/E ratio of 42.73, a PEG ratio of 4.10 and a beta of 0.51.

Walmart (NYSE:WMT) last announced its quarterly earnings results on Thursday, August 15th. The retailer reported $0.67 EPS for the quarter, topping 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%. The business’s revenue for the quarter was up 4.7% on a year-over-year basis. During the same period in the previous year, the business posted $0.61 earnings per share. As a group, analysts forecast that Walmart Inc. will post 2.44 EPS for the current year.

Insider Buying and Selling at Walmart

In other news, EVP John D. Rainey sold 3,000 shares of the firm’s stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $77.48, for a total value of $232,440.00. Following the transaction, the executive vice president now directly owns 384,165 shares in the company, valued at $29,765,104.20. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. In related news, EVP John D. Rainey sold 3,000 shares of Walmart stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $77.48, for a total transaction of $232,440.00. Following the transaction, the executive vice president now directly owns 384,165 shares in the company, valued at approximately $29,765,104.20. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, 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 value of $182,823,328.48. Following the transaction, the insider now owns 619,646,544 shares in the company, valued at $47,687,998,026.24. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 12,334,337 shares of company stock worth $958,577,287. 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.