Aberdeen Wealth Management LLC Cuts Position in Walmart Inc. (NYSE:WMT)

Aberdeen Wealth Management LLC lowered its holdings in shares of Walmart Inc. (NYSE:WMT) by 10.1% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 21,347 shares of the retailer’s stock after selling 2,408 shares during the quarter. Walmart makes up 1.1% of Aberdeen Wealth Management LLC’s holdings, making the stock its 21st largest position. Aberdeen Wealth Management LLC’s holdings in Walmart were worth $1,724,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Peterson Financial Group Inc. purchased a new position in shares of Walmart during the 3rd quarter valued at approximately $26,000. Voisard Asset Management Group Inc. lifted its holdings in Walmart by 77.3% during the third quarter. Voisard Asset Management Group Inc. now owns 399 shares of the retailer’s stock valued at $32,000 after purchasing an additional 174 shares in the last quarter. Hoese & Co LLP purchased a new position in Walmart during the third quarter valued at $33,000. EntryPoint Capital LLC acquired a new stake in shares of Walmart in the first quarter valued at about $25,000. Finally, TruNorth Capital Management LLC increased its stake in shares of Walmart by 138.3% during the second quarter. TruNorth Capital Management LLC now owns 429 shares of the retailer’s stock worth $29,000 after purchasing an additional 249 shares in the last quarter. 26.76% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Walmart news, EVP John D. Rainey sold 3,000 shares of Walmart stock in a transaction dated Friday, November 1st. The stock was sold at an average price of $82.12, for a total transaction of $246,360.00. Following the completion of the sale, the executive vice president now directly owns 378,165 shares of the company’s stock, valued at $31,054,909.80. The trade was a 0.79 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, major shareholder Alice L. Walton sold 2,375,563 shares of the stock in a transaction dated 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 completion of the transaction, the insider now owns 619,646,544 shares in the company, valued at approximately $47,687,998,026.24. The trade was a 0.38 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 12,337,337 shares of company stock worth $958,823,647 in the last 90 days. Corporate insiders own 45.58% of the company’s stock.

Walmart Trading Down 0.2 %

Shares of WMT stock opened at $84.09 on Tuesday. Walmart Inc. has a fifty-two week low of $49.85 and a fifty-two week high of $85.79. The company has a 50 day moving average price of $81.43 and a 200 day moving average price of $73.15. The stock has a market capitalization of $675.94 billion, a P/E ratio of 43.80, a price-to-earnings-growth ratio of 4.20 and a beta of 0.51. 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 posted its quarterly earnings data on Tuesday, November 19th. The retailer reported $0.58 earnings per share for the quarter, topping analysts’ consensus estimates of $0.53 by $0.05. The business had revenue of $169.59 billion for the quarter, compared to analyst estimates of $167.69 billion. Walmart had a return on equity of 21.72% and a net margin of 2.34%. The company’s revenue was up 5.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.51 earnings per share. Equities research analysts predict that Walmart Inc. will post 2.44 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the company. Tigress Financial lifted their price objective on Walmart from $75.00 to $86.00 and gave the stock a “buy” rating in a report on Tuesday, July 23rd. KeyCorp lifted their price target on Walmart from $87.00 to $88.00 and gave the stock an “overweight” rating in a research note on Thursday, November 7th. The Goldman Sachs Group boosted their price target on Walmart from $73.00 to $81.00 and gave the stock a “buy” rating in a research report on Friday, August 16th. Piper Sandler raised their price objective on Walmart from $83.00 to $93.00 and gave the company an “overweight” rating in a report on Monday. Finally, Wells Fargo & Company upped their target price on shares of Walmart from $88.00 to $90.00 and gave the stock an “overweight” rating in a report on Thursday, October 31st. One analyst has rated the stock with a hold rating, twenty-eight have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Buy” and an average target price of $86.71.

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.