Rehmann Capital Advisory Group Has $5.85 Million Position in Walmart Inc. (NYSE:WMT)

Rehmann Capital Advisory Group decreased its holdings in shares of Walmart Inc. (NYSE:WMT) by 7.4% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 72,298 shares of the retailer’s stock after selling 5,790 shares during the period. Rehmann Capital Advisory Group’s holdings in Walmart were worth $5,847,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the business. Summit Financial Wealth Advisors LLC grew its stake in Walmart by 0.5% in the third quarter. Summit Financial Wealth Advisors LLC now owns 23,720 shares of the retailer’s stock worth $1,915,000 after purchasing an additional 118 shares during the period. Providence Wealth Advisors LLC boosted its holdings in shares of Walmart by 0.3% during the 3rd quarter. Providence Wealth Advisors LLC now owns 43,549 shares of the retailer’s stock valued at $3,591,000 after buying an additional 122 shares in the last quarter. 3Chopt Investment Partners LLC grew its position in shares of Walmart by 0.4% in the 3rd quarter. 3Chopt Investment Partners LLC now owns 32,633 shares of the retailer’s stock worth $2,635,000 after buying an additional 124 shares during the period. CAP Partners LLC increased its stake in shares of Walmart by 2.1% in the 3rd quarter. CAP Partners LLC now owns 6,054 shares of the retailer’s stock worth $489,000 after acquiring an additional 125 shares in the last quarter. Finally, Investment Advisory Group LLC lifted its position in Walmart by 2.1% during the 3rd quarter. Investment Advisory Group LLC now owns 6,182 shares of the retailer’s stock valued at $499,000 after acquiring an additional 126 shares during the period. 26.76% of the stock is owned by institutional investors.

Insider Buying and Selling at Walmart

In related news, CEO C Douglas Mcmillon sold 29,124 shares of the company’s stock in a transaction on Thursday, September 26th. The shares were sold at an average price of $80.64, for a total transaction of $2,348,559.36. Following the completion of the transaction, the chief executive officer now owns 3,873,053 shares in the company, valued at approximately $312,322,993.92. This represents a 0.75 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, major shareholder Jim C. Walton sold 934,000 shares of the business’s stock in a transaction on Thursday, September 12th. The stock was sold at an average price of $79.46, for a total transaction of $74,215,640.00. Following the completion of the sale, the insider now owns 610,843,318 shares in the company, valued at approximately $48,537,610,048.28. The trade was a 0.15 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 3,243,091 shares of company stock valued at $257,591,179 over the last 90 days. 45.58% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the stock. UBS Group upped their price objective on shares of Walmart from $92.00 to $100.00 and gave the stock a “buy” rating in a report on Wednesday, November 20th. JPMorgan Chase & Co. raised their price objective on Walmart from $81.00 to $83.00 and gave the company an “overweight” rating in a research report on Friday, August 16th. Telsey Advisory Group lifted their price objective on Walmart from $92.00 to $100.00 and gave the company an “outperform” rating in a research note on Tuesday, November 19th. Morgan Stanley increased their target price on Walmart from $89.00 to $100.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 20th. Finally, Wells Fargo & Company upped their price target on shares of Walmart from $90.00 to $96.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 20th. Two 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. Based on data from MarketBeat.com, Walmart has an average rating of “Moderate Buy” and an average target price of $92.27.

Walmart Trading Up 0.8 %

Shares of WMT stock opened at $94.57 on Wednesday. Walmart Inc. has a 1 year low of $49.85 and a 1 year high of $96.18. The firm has a fifty day moving average price of $85.00 and a 200-day moving average price of $76.28. The company has a market cap of $759.72 billion, a price-to-earnings ratio of 38.81, a PEG ratio of 4.45 and a beta of 0.54. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.85 and a quick ratio of 0.23.

Walmart (NYSE:WMT) last issued its quarterly 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 business had revenue of $169.59 billion during the quarter, compared to analysts’ expectations of $167.69 billion. Walmart had a return on equity of 21.78% and a net margin of 2.92%. The business’s quarterly revenue was up 5.5% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.51 earnings per share. As a group, equities analysts predict that Walmart Inc. will post 2.47 earnings per share for the current 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.