Walmart Inc. (NYSE:WMT) Shares Sold by Integrated Wealth Concepts LLC

Integrated Wealth Concepts LLC lessened its stake in Walmart Inc. (NYSE:WMT) by 1.0% in the 3rd quarter, Holdings Channel.com reports. The firm owned 203,987 shares of the retailer’s stock after selling 2,118 shares during the period. Integrated Wealth Concepts LLC’s holdings in Walmart were worth $16,472,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. FMR LLC raised its position in Walmart by 12.9% during the third quarter. FMR LLC now owns 63,135,639 shares of the retailer’s stock valued at $5,098,203,000 after acquiring an additional 7,200,004 shares in the last quarter. Fisher Asset Management LLC raised its position in Walmart by 4.6% in the third quarter. Fisher Asset Management LLC now owns 47,659,844 shares of the retailer’s stock worth $3,848,533,000 after purchasing an additional 2,107,197 shares in the last quarter. Legal & General Group Plc grew its position in Walmart by 1.8% in the second quarter. Legal & General Group Plc now owns 36,282,740 shares of the retailer’s stock valued at $2,456,704,000 after acquiring an additional 644,353 shares during the period. Charles Schwab Investment Management Inc. boosted its position in Walmart by 1.1% in the third quarter. Charles Schwab Investment Management Inc. now owns 31,236,769 shares of the retailer’s stock valued at $2,522,369,000 after buying an additional 350,881 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in shares of Walmart by 1.0% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 23,273,933 shares of the retailer’s stock worth $1,879,370,000 after buying an additional 228,121 shares during the last quarter. Hedge funds and other institutional investors own 26.76% of the company’s stock.

Insider Buying and Selling at Walmart

In other Walmart news, major shareholder Alice L. Walton sold 2,375,563 shares of the company’s stock in a transaction on Thursday, September 5th. The stock was sold at an average price of $76.96, for a total transaction of $182,823,328.48. Following the completion of the sale, the insider now directly owns 619,646,544 shares in the company, valued at $47,687,998,026.24. This represents a 0.38 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP John R. Furner sold 13,125 shares of Walmart stock in a transaction dated Wednesday, November 27th. The stock was sold at an average price of $92.00, for a total value of $1,207,500.00. Following the transaction, the executive vice president now directly owns 579,915 shares in the company, valued at $53,352,180. The trade was a 2.21 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 9,673,023 shares of company stock worth $753,365,984 over the last quarter. 45.58% of the stock is currently owned by insiders.

Walmart Stock Performance

WMT stock traded down $0.15 during midday trading on Tuesday, hitting $92.49. The stock had a trading volume of 778,609 shares, compared to its average volume of 16,812,953. The firm has a market capitalization of $743.46 billion, a price-to-earnings ratio of 38.01, a P/E/G ratio of 4.39 and a beta of 0.54. The stock has a 50-day simple moving average of $83.35 and a 200 day simple moving average of $75.04. Walmart Inc. has a 52 week low of $49.85 and a 52 week high of $92.99. The company has a current ratio of 0.85, a quick ratio of 0.23 and a debt-to-equity ratio of 0.56.

Walmart (NYSE:WMT) last released its quarterly earnings results on Tuesday, November 19th. The retailer reported $0.58 EPS for the quarter, beating the consensus estimate of $0.53 by $0.05. Walmart had a net margin of 2.92% and a return on equity of 21.78%. The business had revenue of $169.59 billion for the quarter, compared to analysts’ expectations of $167.69 billion. During the same period in the prior year, the firm earned $0.51 earnings per share. Walmart’s revenue was up 5.5% compared to the same quarter last year. As a group, equities research analysts anticipate that Walmart Inc. will post 2.47 earnings per share for the current year.

Analyst Ratings Changes

A number of research analysts have recently weighed in on WMT shares. Bank of America increased their price objective on Walmart from $95.00 to $105.00 and gave the company a “buy” rating in a report on Wednesday, November 20th. Jefferies Financial Group raised their price target on shares of Walmart from $90.00 to $100.00 and gave the company a “buy” rating in a research note on Friday, November 15th. KeyCorp increased their price target on shares of Walmart from $88.00 to $96.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 20th. Citigroup upped their target price on shares of Walmart from $75.00 to $98.00 and gave the company a “buy” rating in a report on Friday, September 27th. Finally, Telsey Advisory Group boosted their target price on Walmart from $92.00 to $100.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 19th. Two equities research analysts have rated the stock with a hold rating, twenty-nine have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, Walmart has an average rating of “Moderate Buy” and an average target price of $91.88.

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.