Weaver Capital Management LLC Has $3.82 Million Stock Position in Walmart Inc. (NYSE:WMT)

Weaver Capital Management LLC trimmed its stake in shares of Walmart Inc. (NYSE:WMT) by 2.7% during the third quarter, HoldingsChannel reports. The fund owned 47,352 shares of the retailer’s stock after selling 1,326 shares during the period. Walmart comprises about 1.1% of Weaver Capital Management LLC’s investment portfolio, making the stock its 18th largest position. Weaver Capital Management LLC’s holdings in Walmart were worth $3,824,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in WMT. Investment Advisory Group LLC lifted its stake in Walmart by 2.1% in 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 in the last quarter. Professional Financial Advisors LLC increased its position in shares of Walmart by 0.6% during the 3rd quarter. Professional Financial Advisors LLC now owns 21,839 shares of the retailer’s stock worth $1,763,000 after purchasing an additional 137 shares during the last quarter. Inspire Advisors LLC raised its stake in shares of Walmart by 2.1% during the 3rd quarter. Inspire Advisors LLC now owns 6,677 shares of the retailer’s stock worth $539,000 after purchasing an additional 137 shares in the last quarter. Trust Co of the South boosted its holdings in shares of Walmart by 0.5% in the 3rd quarter. Trust Co of the South now owns 25,647 shares of the retailer’s stock valued at $2,071,000 after buying an additional 138 shares during the last quarter. Finally, LVZ Inc. boosted its holdings in shares of Walmart by 1.9% in the 2nd quarter. LVZ Inc. now owns 7,824 shares of the retailer’s stock valued at $530,000 after buying an additional 143 shares during the last quarter. 26.76% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

WMT has been the subject of a number of recent analyst reports. Sanford C. Bernstein started coverage on shares of Walmart in a research note on Tuesday. They issued an “outperform” rating and a $95.00 price target for the company. Telsey Advisory Group lifted their price target on Walmart from $82.00 to $92.00 and gave the stock an “outperform” rating in a report on Tuesday, October 8th. StockNews.com raised Walmart from a “buy” rating to a “strong-buy” rating in a research report on Friday, August 16th. DA Davidson raised their price objective on Walmart from $75.00 to $85.00 and gave the company a “buy” rating in a research report on Friday, August 16th. Finally, Morgan Stanley raised their price target on Walmart from $75.00 to $82.00 and gave the company an “overweight” rating in a report on Friday, August 16th. One research analyst has rated the stock with a hold rating, twenty-nine have issued a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, Walmart currently has a consensus rating of “Buy” and a consensus price target of $83.51.

Insider Buying and Selling

In other Walmart news, EVP Daniel J. Bartlett sold 2,065 shares of Walmart stock in a transaction that occurred on Tuesday, October 15th. The shares were sold at an average price of $80.69, for a total transaction of $166,624.85. Following the transaction, the executive vice president now owns 457,493 shares of the company’s stock, valued at $36,915,110.17. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, CEO C Douglas Mcmillon sold 29,124 shares of Walmart stock in a transaction dated Thursday, July 25th. The shares were sold at an average price of $70.61, for a total value of $2,056,445.64. Following the completion of the transaction, the chief executive officer now owns 3,931,301 shares in the company, valued at $277,589,163.61. This trade represents a 0.00 % 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 Daniel J. Bartlett sold 2,065 shares of the company’s stock in a transaction that occurred on Tuesday, October 15th. The shares were sold at an average price of $80.69, for a total transaction of $166,624.85. Following the sale, the executive vice president now owns 457,493 shares in the company, valued at $36,915,110.17. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 12,337,337 shares of company stock worth $958,267,901. 45.58% of the stock is owned by insiders.

Walmart Stock Performance

WMT stock opened at $82.02 on Wednesday. The company has a current ratio of 0.80, a quick ratio of 0.22 and a debt-to-equity ratio of 0.46. Walmart Inc. has a 1-year low of $49.85 and a 1-year high of $82.22. The stock has a 50-day moving average price of $78.42 and a 200-day moving average price of $69.99. The firm has a market cap of $659.73 billion, a PE ratio of 35.05, a price-to-earnings-growth ratio of 4.07 and a beta of 0.51.

Walmart (NYSE:WMT) last announced its quarterly earnings data 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 net margin of 2.34% and a return on equity of 21.72%. The firm had revenue of $169.30 billion for the quarter, compared to analyst estimates of $168.56 billion. During the same quarter in the prior year, the business earned $0.61 earnings per share. The business’s quarterly revenue was up 4.7% compared to the same quarter last year. As a group, equities research analysts expect that Walmart Inc. will post 2.44 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.