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

Arrow Financial Corp trimmed its stake in shares of Walmart Inc. (NYSE:WMT) by 0.5% during the third quarter, Holdings Channel reports. The firm owned 61,425 shares of the retailer’s stock after selling 319 shares during the period. Arrow Financial Corp’s holdings in Walmart were worth $4,960,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also made changes to their positions in the company. WFA Asset Management Corp grew its position in shares of Walmart by 201.0% during the first quarter. WFA Asset Management Corp now owns 2,092 shares of the retailer’s stock worth $126,000 after acquiring an additional 1,397 shares during the last quarter. Dupont Capital Management Corp increased its stake in shares of Walmart by 165.4% in the first quarter. Dupont Capital Management Corp now owns 270,147 shares of the retailer’s stock valued at $16,255,000 after purchasing an additional 168,346 shares during the period. Commonwealth Retirement Investments LLC raised its holdings in shares of Walmart by 201.4% during the first quarter. Commonwealth Retirement Investments LLC now owns 8,482 shares of the retailer’s stock valued at $510,000 after buying an additional 5,668 shares during the last quarter. Affinity Investment Advisors LLC boosted its position in shares of Walmart by 200.0% during the first quarter. Affinity Investment Advisors LLC now owns 5,265 shares of the retailer’s stock worth $317,000 after buying an additional 3,510 shares during the period. Finally, Ogorek Anthony Joseph NY ADV grew its holdings in Walmart by 200.0% in the 1st quarter. Ogorek Anthony Joseph NY ADV now owns 684 shares of the retailer’s stock worth $41,000 after buying an additional 456 shares in the last quarter. Institutional investors own 26.76% of the company’s stock.

Walmart Stock Performance

Shares of WMT stock opened at $84.83 on Friday. Walmart Inc. has a fifty-two week low of $49.85 and a fifty-two week high of $85.54. The stock’s 50-day moving average is $80.53 and its two-hundred day moving average is $71.92. 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 firm has a market cap of $681.88 billion, a P/E ratio of 44.11, a PEG ratio of 4.25 and a beta of 0.51.

Walmart (NYSE:WMT) last released its quarterly earnings data 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 for the quarter, compared to the consensus estimate of $168.56 billion. Walmart had a return on equity of 21.72% and a net margin of 2.34%. The firm’s revenue was up 4.7% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.61 earnings per share. Analysts predict that Walmart Inc. will post 2.44 earnings per share for the current fiscal year.

Insider Activity

In other Walmart news, EVP John D. Rainey sold 3,000 shares of the business’s stock in a transaction dated Friday, November 1st. The stock was sold at an average price of $82.12, for a total value of $246,360.00. Following the completion of the sale, the executive vice president now owns 378,165 shares of the company’s stock, valued at $31,054,909.80. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, major shareholder S Robson Walton sold 4,057,369 shares of the company’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 completion of the sale, the insider now directly owns 611,988,318 shares of the company’s stock, valued at approximately $47,245,498,149.60. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP John D. Rainey sold 3,000 shares of the firm’s stock in a transaction on Friday, November 1st. The shares were sold at an average price of $82.12, for a total transaction of $246,360.00. Following the completion of the transaction, the executive vice president now owns 378,165 shares in the company, valued at $31,054,909.80. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 12,337,337 shares of company stock worth $958,823,647. 45.58% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

WMT has been the topic of a number of research analyst reports. Stifel Nicolaus raised their price objective on shares of Walmart from $71.00 to $73.00 and gave the company a “hold” rating in a research note on Tuesday, August 13th. UBS Group upped their price target on shares of Walmart from $81.00 to $92.00 and gave the company a “buy” rating in a report on Friday, October 11th. Barclays lifted their price objective on shares of Walmart from $66.00 to $78.00 and gave the stock an “overweight” rating in a research note on Friday, August 16th. Robert W. Baird increased their target price 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. Finally, Deutsche Bank Aktiengesellschaft lifted their price target on shares of Walmart from $77.00 to $83.00 and gave the stock a “buy” rating in a research report on Friday, August 16th. One analyst has rated the stock with a hold rating, twenty-nine have given a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Walmart has a consensus rating of “Buy” and a consensus target price of $83.92.

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.