Ameritas Advisory Services LLC Has $7.61 Million Stake in Walmart Inc. (NYSE:WMT)

Ameritas Advisory Services LLC trimmed its holdings in Walmart Inc. (NYSE:WMT) by 10.8% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 94,188 shares of the retailer’s stock after selling 11,432 shares during the period. Ameritas Advisory Services LLC’s holdings in Walmart were worth $7,606,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. WFA Asset Management Corp lifted its holdings in shares of Walmart by 201.0% in the first quarter. WFA Asset Management Corp now owns 2,092 shares of the retailer’s stock valued at $126,000 after purchasing an additional 1,397 shares in the last quarter. Strategic Advisors LLC lifted its holdings in shares of Walmart by 36.4% in the first quarter. Strategic Advisors LLC now owns 9,728 shares of the retailer’s stock valued at $585,000 after purchasing an additional 2,597 shares in the last quarter. American Institute for Advanced Investment Management LLP lifted its holdings in shares of Walmart by 189.6% in the first quarter. American Institute for Advanced Investment Management LLP now owns 6,560 shares of the retailer’s stock valued at $395,000 after purchasing an additional 4,295 shares in the last quarter. Benchmark Financial Wealth Advisors LLC lifted its holdings in shares of Walmart by 243.0% in the first quarter. Benchmark Financial Wealth Advisors LLC now owns 8,144 shares of the retailer’s stock valued at $490,000 after purchasing an additional 5,770 shares in the last quarter. Finally, Ashton Thomas Private Wealth LLC lifted its holdings in shares of Walmart by 221.5% in the first quarter. Ashton Thomas Private Wealth LLC now owns 106,363 shares of the retailer’s stock valued at $6,400,000 after purchasing an additional 73,279 shares in the last quarter. 26.76% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Walmart

In related news, major shareholder Alice L. Walton sold 2,709,163 shares of Walmart stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $77.37, for a total transaction of $209,607,941.31. Following the sale, the insider now owns 630,501,148 shares of the company’s stock, valued at approximately $48,781,873,820.76. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, major shareholder Alice L. Walton sold 2,709,163 shares of Walmart stock in a transaction that occurred on 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 completion of the transaction, the insider now owns 630,501,148 shares in the company, valued at approximately $48,781,873,820.76. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP John D. Rainey sold 3,000 shares of Walmart stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $77.48, for a total value 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 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 12,334,337 shares of company stock valued at $958,577,287 over the last quarter. 45.58% of the stock is currently owned by company insiders.

Walmart Price Performance

NYSE:WMT traded up $0.57 during midday trading on Tuesday, hitting $83.02. The company had a trading volume of 748,493 shares, compared to its average volume of 16,747,131. The company has a quick ratio of 0.22, a current ratio of 0.80 and a debt-to-equity ratio of 0.46. The company has a market capitalization of $667.34 billion, a PE ratio of 42.87, a P/E/G ratio of 4.12 and a beta of 0.51. The stock’s fifty day moving average price is $79.93 and its 200-day moving average price is $71.41. Walmart Inc. has a 52-week low of $49.85 and a 52-week high of $83.34.

Walmart (NYSE:WMT) last issued its quarterly earnings data on Thursday, August 15th. The retailer reported $0.67 EPS for the quarter, beating the consensus estimate of $0.65 by $0.02. Walmart had a net margin of 2.34% and a return on equity of 21.72%. The firm had revenue of $169.30 billion during the quarter, compared to the consensus estimate of $168.56 billion. During the same period in the prior year, the firm posted $0.61 earnings per share. The company’s quarterly revenue was up 4.7% compared to the same quarter last year. As a group, research analysts expect that Walmart Inc. will post 2.44 earnings per share for the current year.

Analyst Ratings Changes

Several analysts recently issued reports on WMT shares. Barclays upped their target price on Walmart from $66.00 to $78.00 and gave the stock an “overweight” rating in a report on Friday, August 16th. Bank of America increased their price target on Walmart from $75.00 to $85.00 and gave the stock a “buy” rating in a research report on Friday, August 16th. The Goldman Sachs Group increased 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. Sanford C. Bernstein started coverage on Walmart in a research report on Tuesday, October 22nd. They set an “outperform” rating and a $95.00 price target on the stock. Finally, JPMorgan Chase & Co. raised their target price on Walmart from $81.00 to $83.00 and gave the company an “overweight” rating in a report on Friday, August 16th. One investment analyst has rated the stock with a hold rating, twenty-nine have assigned a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Buy” and an average price target of $83.89.

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.