Galvin Gaustad & Stein LLC Sells 426 Shares of Walmart Inc. (NYSE:WMT)

Galvin Gaustad & Stein LLC trimmed its position in shares of Walmart Inc. (NYSE:WMT) by 4.7% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 8,551 shares of the retailer’s stock after selling 426 shares during the quarter. Galvin Gaustad & Stein LLC’s holdings in Walmart were worth $690,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Vanguard Group Inc. grew its holdings in Walmart by 199.4% during the first quarter. Vanguard Group Inc. now owns 411,745,334 shares of the retailer’s stock worth $24,774,717,000 after buying an additional 274,229,968 shares in the last quarter. Price T Rowe Associates Inc. MD grew its holdings in shares of Walmart by 181.0% in the first quarter. Price T Rowe Associates Inc. MD now owns 56,861,234 shares of the retailer’s stock valued at $3,421,342,000 after acquiring an additional 36,625,314 shares in the last quarter. Legal & General Group Plc raised its position in Walmart by 1.8% in the second quarter. Legal & General Group Plc now owns 36,282,740 shares of the retailer’s stock worth $2,456,704,000 after acquiring an additional 644,353 shares during the period. Raymond James & Associates increased its stake in shares of Walmart by 3.0% during the 3rd quarter. Raymond James & Associates now owns 16,766,325 shares of the retailer’s stock worth $1,353,881,000 after purchasing an additional 484,196 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its holdings in shares of Walmart by 5.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 16,184,945 shares of the retailer’s stock worth $1,095,946,000 after purchasing an additional 834,005 shares during the period. 26.76% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Walmart news, CEO C Douglas Mcmillon sold 29,124 shares of the stock in a transaction on Thursday, September 26th. The stock was sold at an average price of $80.64, for a total transaction of $2,348,559.36. Following the sale, the chief executive officer now directly owns 3,873,053 shares in the company, valued at approximately $312,322,993.92. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other news, CEO C Douglas Mcmillon sold 29,124 shares of the business’s stock in a transaction that occurred 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 directly owns 3,873,053 shares of the company’s stock, valued at $312,322,993.92. The trade was 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, 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 stock was sold at an average price of $77.37, for a total transaction of $209,607,941.31. Following the completion of the sale, 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 position. The disclosure for this sale can be found here. Insiders sold a total of 12,337,337 shares of company stock worth $958,823,647 in the last three months. Insiders own 45.58% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on the company. Citigroup raised their target price on Walmart from $75.00 to $98.00 and gave the stock a “buy” rating in a research report on Friday, September 27th. UBS Group upped their price objective on shares of Walmart from $81.00 to $92.00 and gave the stock a “buy” rating in a research report on Friday, October 11th. DA Davidson raised their price objective on shares of Walmart from $75.00 to $85.00 and gave the company a “buy” rating in a research report on Friday, August 16th. Evercore ISI upped their price objective on Walmart from $82.00 to $85.00 and gave the stock an “outperform” rating in a report on Tuesday, October 22nd. Finally, Redburn Atlantic upgraded Walmart to a “strong-buy” rating in a research report on Monday, September 23rd. One research analyst has rated the stock with a hold rating, twenty-nine have given a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the company has an average rating of “Buy” and an average price target of $83.92.

Walmart Stock Performance

Walmart stock opened at $84.87 on Friday. The stock’s 50 day moving average is $80.53 and its 200 day moving average is $71.92. The company has a market capitalization of $682.21 billion, a P/E ratio of 44.13, a PEG ratio of 4.18 and a beta of 0.51. Walmart Inc. has a twelve month low of $49.85 and a twelve month high of $85.54. 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 announced 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. The company had revenue of $169.30 billion for the quarter, compared to the consensus estimate of $168.56 billion. Walmart had a net margin of 2.34% and a return on equity of 21.72%. Walmart’s revenue for the quarter was up 4.7% on a year-over-year basis. During the same period in the prior year, the firm posted $0.61 EPS. On average, equities research analysts predict that Walmart Inc. will post 2.44 earnings per share for the current fiscal year.

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.