IRON Financial LLC Sells 11,119 Shares of Walmart Inc. (NYSE:WMT)

IRON Financial LLC lessened its position in shares of Walmart Inc. (NYSE:WMT) by 71.9% in the third quarter, according to its most recent filing with the SEC. The firm owned 4,347 shares of the retailer’s stock after selling 11,119 shares during the quarter. IRON Financial LLC’s holdings in Walmart were worth $351,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Voisard Asset Management Group Inc. lifted its holdings in Walmart by 77.3% in the third quarter. Voisard Asset Management Group Inc. now owns 399 shares of the retailer’s stock valued at $32,000 after buying an additional 174 shares during the period. Hoese & Co LLP acquired a new position in shares of Walmart in the 3rd quarter valued at about $33,000. EntryPoint Capital LLC bought a new stake in shares of Walmart during the 1st quarter valued at about $25,000. TruNorth Capital Management LLC grew its stake in 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 during the period. Finally, Cultivar Capital Inc. bought a new stake in Walmart in the second quarter worth approximately $29,000. Institutional investors own 26.76% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently commented on the stock. StockNews.com raised shares of Walmart from a “buy” rating to a “strong-buy” rating in a research report on Friday, August 16th. Telsey Advisory Group raised their price target on shares of Walmart from $82.00 to $92.00 and gave the stock an “outperform” rating in a report on Tuesday, October 8th. Melius Research started coverage on shares of Walmart in a report on Monday, September 23rd. They set a “buy” rating and a $95.00 price objective on the stock. UBS Group raised their target price on Walmart from $81.00 to $92.00 and gave the company a “buy” rating in a research note on Friday, October 11th. Finally, Stifel Nicolaus upped their price target on Walmart from $71.00 to $73.00 and gave the stock a “hold” rating in a research note on Tuesday, August 13th. 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. Based on data from MarketBeat.com, Walmart currently has a consensus rating of “Buy” and a consensus price target of $83.83.

Walmart Stock Performance

Shares of NYSE WMT traded up $0.71 during midday trading on Thursday, hitting $82.10. The company’s stock had a trading volume of 3,928,990 shares, compared to its average volume of 16,813,342. The firm has a market capitalization of $659.94 billion, a price-to-earnings ratio of 42.54, a P/E/G ratio of 4.13 and a beta of 0.51. The company has a current ratio of 0.80, a quick ratio of 0.22 and a debt-to-equity ratio of 0.46. The stock has a fifty day moving average price of $79.54 and a 200 day moving average price of $70.86. Walmart Inc. has a one year low of $49.85 and a one year high of $83.34.

Walmart (NYSE:WMT) last posted its earnings results on Thursday, August 15th. The retailer reported $0.67 earnings per share (EPS) for the quarter, topping the consensus estimate 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 business’s quarterly revenue was up 4.7% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.61 earnings per share. On average, research analysts forecast that Walmart Inc. will post 2.44 EPS for the current fiscal year.

Insider Activity

In other news, major shareholder Alice L. Walton sold 2,709,163 shares of the firm’s stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $77.37, for a total value of $209,607,941.31. Following the completion of the transaction, the insider now directly owns 630,501,148 shares in the company, valued at approximately $48,781,873,820.76. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Walmart news, EVP Daniel J. Bartlett sold 2,063 shares of the firm’s stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $80.76, for a total value of $166,607.88. Following the sale, the executive vice president now owns 459,558 shares of the company’s stock, valued at $37,113,904.08. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, major shareholder Alice L. Walton sold 2,709,163 shares of the business’s stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $77.37, for a total value of $209,607,941.31. Following the transaction, the insider now directly owns 630,501,148 shares of the company’s stock, valued at $48,781,873,820.76. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 12,334,337 shares of company stock worth $958,577,287 over the last ninety days. Company insiders own 45.58% of the company’s stock.

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.