Crewe Advisors LLC Has $670,000 Stock Holdings in Walmart Inc. (NYSE:WMT)

Crewe Advisors LLC decreased its stake in shares of Walmart Inc. (NYSE:WMT) by 3.7% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 8,292 shares of the retailer’s stock after selling 321 shares during the quarter. Crewe Advisors LLC’s holdings in Walmart were worth $670,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in WMT. Alpha DNA Investment Management LLC raised its holdings in shares of Walmart by 18.4% in the 3rd quarter. Alpha DNA Investment Management LLC now owns 59,649 shares of the retailer’s stock valued at $4,817,000 after purchasing an additional 9,272 shares during the period. Larson Financial Group LLC increased its position in Walmart by 26.5% during the third quarter. Larson Financial Group LLC now owns 38,525 shares of the retailer’s stock worth $3,111,000 after buying an additional 8,077 shares during the last quarter. WESPAC Advisors LLC raised its stake in Walmart by 75.4% in the third quarter. WESPAC Advisors LLC now owns 13,361 shares of the retailer’s stock valued at $1,079,000 after buying an additional 5,744 shares during the period. Palisade Asset Management LLC raised its stake in Walmart by 0.5% in the third quarter. Palisade Asset Management LLC now owns 61,372 shares of the retailer’s stock valued at $4,956,000 after buying an additional 283 shares during the period. Finally, Alesco Advisors LLC bought a new position in shares of Walmart during the 3rd quarter worth approximately $237,000. Institutional investors own 26.76% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently weighed in on WMT. Citigroup increased their price target on Walmart from $75.00 to $98.00 and gave the company a “buy” rating in a research note on Friday, September 27th. UBS Group raised their target price on shares of Walmart from $92.00 to $100.00 and gave the stock a “buy” rating in a research note on Wednesday. Morgan Stanley lifted their target price on shares of Walmart from $89.00 to $100.00 and gave the stock an “overweight” rating in a report on Wednesday. Redburn Atlantic raised shares of Walmart to a “strong-buy” rating in a report on Monday, September 23rd. Finally, Jefferies Financial Group boosted their price objective on Walmart from $90.00 to $100.00 and gave the stock a “buy” rating in a report on Friday, November 15th. Two equities research analysts have rated the stock with a hold rating, twenty-nine have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Walmart presently has an average rating of “Moderate Buy” and a consensus price target of $91.88.

Insider Buying and Selling at Walmart

In related news, major shareholder Alice L. Walton sold 2,375,563 shares of Walmart stock in a transaction that occurred 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 sale, the insider now directly owns 619,646,544 shares in the company, valued at $47,687,998,026.24. This trade represents a 0.38 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP John D. Rainey sold 3,000 shares of the company’s stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $77.48, for a total transaction of $232,440.00. Following the completion of the transaction, the executive vice president now owns 384,165 shares of the company’s stock, valued at approximately $29,765,104.20. This trade represents a 0.77 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 12,337,337 shares of company stock worth $958,823,647 over the last quarter. Corporate insiders own 45.58% of the company’s stock.

Walmart Price Performance

Shares of WMT stock opened at $90.44 on Friday. The business has a fifty day simple moving average of $82.12 and a 200 day simple moving average of $73.84. The company has a market cap of $726.98 billion, a P/E ratio of 37.12, a P/E/G ratio of 4.30 and a beta of 0.51. The company has a quick ratio of 0.22, a current ratio of 0.85 and a debt-to-equity ratio of 0.56. Walmart Inc. has a twelve month low of $49.85 and a twelve month high of $90.91.

Walmart (NYSE:WMT) last posted its earnings results on Tuesday, November 19th. The retailer reported $0.58 EPS for the quarter, topping analysts’ consensus estimates of $0.53 by $0.05. The firm had revenue of $169.59 billion during the quarter, compared to analysts’ expectations of $167.69 billion. Walmart had a net margin of 2.92% and a return on equity of 21.78%. The business’s revenue for the quarter was up 5.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.51 earnings per share. On average, sell-side analysts forecast that Walmart Inc. will post 2.47 EPS for the current fiscal year.

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.