Asset Dedication LLC Sells 12,436 Shares of Walmart Inc. (NYSE:WMT)

Asset Dedication LLC trimmed its stake in Walmart Inc. (NYSE:WMT) by 10.4% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 106,978 shares of the retailer’s stock after selling 12,436 shares during the quarter. Walmart makes up 0.6% of Asset Dedication LLC’s holdings, making the stock its 28th biggest position. Asset Dedication LLC’s holdings in Walmart were worth $8,638,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently modified their holdings of WMT. Braun Bostich & Associates Inc. increased its holdings in Walmart by 3.7% in the 3rd quarter. Braun Bostich & Associates Inc. now owns 9,099 shares of the retailer’s stock worth $735,000 after acquiring an additional 328 shares during the last quarter. Acorn Creek Capital LLC bought a new position in Walmart during the third quarter worth about $258,000. First United Bank & Trust increased its stake in shares of Walmart by 8.7% in the third quarter. First United Bank & Trust now owns 8,555 shares of the retailer’s stock worth $691,000 after purchasing an additional 685 shares in the last quarter. Prospect Financial Services LLC bought a new stake in shares of Walmart in the third quarter valued at approximately $285,000. Finally, Magnus Financial Group LLC boosted its holdings in Walmart by 6.6% in the 3rd quarter. Magnus Financial Group LLC now owns 19,310 shares of the retailer’s stock worth $1,559,000 after buying an additional 1,196 shares during the period. 26.76% of the stock is owned by institutional investors.

Insider Transactions at Walmart

In related news, EVP John D. Rainey sold 3,000 shares of the company’s stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $69.19, for a total transaction of $207,570.00. Following the completion of the sale, the executive vice president now directly owns 387,165 shares in the company, valued at $26,787,946.35. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. In related news, major shareholder Alice L. Walton sold 2,709,163 shares of the company’s 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 completion of the transaction, the insider now owns 630,501,148 shares in the company, valued at $48,781,873,820.76. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP John D. Rainey sold 3,000 shares of the firm’s stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $69.19, for a total value of $207,570.00. Following the completion of the sale, the executive vice president now directly owns 387,165 shares of the company’s stock, valued at $26,787,946.35. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 12,335,272 shares of company stock worth $958,101,276. Insiders own 45.58% of the company’s stock.

Walmart Stock Performance

NYSE WMT opened at $81.71 on Wednesday. The company has a 50-day simple moving average of $77.08 and a two-hundred day simple moving average of $69.23. Walmart Inc. has a 12-month low of $49.85 and a 12-month high of $81.82. The firm has a market cap of $656.81 billion, a price-to-earnings ratio of 42.48, a PEG ratio of 4.02 and a beta of 0.51. The company has a quick ratio of 0.22, a current ratio of 0.80 and a debt-to-equity ratio of 0.46.

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

Analysts Set New Price Targets

A number of brokerages have issued reports on WMT. Royal Bank of Canada boosted their target price on shares of Walmart from $74.00 to $80.00 and gave the company an “outperform” rating in a report on Friday, August 16th. Redburn Atlantic raised Walmart to a “strong-buy” rating in a report on Monday, September 23rd. Guggenheim lifted their target price on Walmart from $75.00 to $81.00 and gave the company a “buy” rating in a report on Friday, August 16th. TD Cowen increased their price target on shares of Walmart from $80.00 to $85.00 and gave the stock a “buy” rating in a report on Friday, August 16th. Finally, Oppenheimer boosted their price objective on shares of Walmart from $81.00 to $90.00 and gave the company an “outperform” rating in a research note on Monday. One investment analyst has rated the stock with a hold rating, twenty-eight have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Buy” and an average price target of $82.96.

Walmart 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.