Walmart Inc. (NYSE:WMT) Position Decreased by SignalPoint Asset Management LLC

SignalPoint Asset Management LLC reduced its stake in Walmart Inc. (NYSE:WMT) by 1.5% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 28,029 shares of the retailer’s stock after selling 429 shares during the period. Walmart comprises 1.3% of SignalPoint Asset Management LLC’s investment portfolio, making the stock its 10th largest position. SignalPoint Asset Management LLC’s holdings in Walmart were worth $4,406,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also bought and sold shares of WMT. Moneta Group Investment Advisors LLC increased its stake in Walmart by 112,181.6% in the 4th quarter. Moneta Group Investment Advisors LLC now owns 22,854,919 shares of the retailer’s stock worth $3,240,599,000 after purchasing an additional 22,834,564 shares during the period. Norges Bank purchased a new position in Walmart in the 4th quarter worth approximately $2,598,736,000. Providence Capital Advisors LLC increased its stake in Walmart by 1,164,937.0% in the 1st quarter. Providence Capital Advisors LLC now owns 4,718,400 shares of the retailer’s stock worth $32,000,000 after purchasing an additional 4,717,995 shares during the period. Boston Partners grew its position in shares of Walmart by 7,546.2% in the 1st quarter. Boston Partners now owns 3,166,995 shares of the retailer’s stock worth $467,747,000 after buying an additional 3,125,576 shares during the last quarter. Finally, Envestnet Asset Management Inc. grew its position in shares of Walmart by 179.2% in the 1st quarter. Envestnet Asset Management Inc. now owns 4,578,677 shares of the retailer’s stock worth $254,078,000 after buying an additional 2,938,948 shares during the last quarter. 33.18% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on WMT shares. The Goldman Sachs Group lifted their price target on Walmart from $176.00 to $182.00 and gave the company a “buy” rating in a research report on Thursday, August 17th. Bank of America boosted their price target on Walmart from $175.00 to $190.00 in a research note on Wednesday, August 9th. TD Cowen restated an “outperform” rating and issued a $185.00 price target on shares of Walmart in a research note on Tuesday, September 5th. UBS Group boosted their price target on Walmart from $173.00 to $190.00 and gave the stock a “buy” rating in a research note on Friday, August 18th. Finally, Tigress Financial upped their price objective on Walmart from $176.00 to $182.00 in a research report on Wednesday, June 7th. Four analysts have rated the stock with a hold rating, twenty-nine have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $176.51.

Walmart Trading Down 0.2 %

NYSE:WMT traded down $0.35 during trading hours on Tuesday, reaching $163.07. 759,645 shares of the stock were exchanged, compared to its average volume of 5,932,369. The company has a quick ratio of 0.26, a current ratio of 0.83 and a debt-to-equity ratio of 0.50. The business has a 50-day moving average of $159.34 and a two-hundred day moving average of $152.70. Walmart Inc. has a twelve month low of $128.07 and a twelve month high of $165.85. The company has a market capitalization of $438.91 billion, a price-to-earnings ratio of 31.43, a PEG ratio of 3.89 and a beta of 0.49.

Walmart (NYSE:WMT) last posted its quarterly earnings results on Thursday, August 17th. The retailer reported $1.84 earnings per share for the quarter, beating analysts’ consensus estimates of $1.69 by $0.15. Walmart had a return on equity of 21.47% and a net margin of 2.23%. The company had revenue of $161.63 billion for the quarter, compared to analysts’ expectations of $160.22 billion. During the same period last year, the firm earned $1.77 earnings per share. Walmart’s quarterly revenue was up 5.7% on a year-over-year basis. On average, equities analysts predict that Walmart Inc. will post 6.44 EPS for the current year.

Insider Buying and Selling

In related news, EVP John D. Rainey sold 1,000 shares of the firm’s stock in a transaction dated Friday, September 1st. The stock was sold at an average price of $161.37, for a total transaction of $161,370.00. Following the transaction, the executive vice president now owns 169,735 shares of the company’s stock, valued at $27,390,136.95. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In other news, Director S Robson Walton sold 1,183,630 shares of Walmart stock in a transaction that occurred on Friday, June 23rd. The shares were sold at an average price of $155.52, for a total transaction of $184,078,137.60. Following the completion of the sale, the director now directly owns 240,230,516 shares in the company, valued at approximately $37,360,649,848.32. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP John D. Rainey sold 1,000 shares of Walmart stock in a transaction that occurred on Friday, September 1st. The stock was sold at an average price of $161.37, for a total value of $161,370.00. Following the transaction, the executive vice president now owns 169,735 shares of the company’s stock, valued at $27,390,136.95. The disclosure for this sale can be found here. Insiders have sold a total of 6,493,773 shares of company stock valued at $1,005,802,298 over the last quarter. 46.51% of the stock is currently owned by insiders.

Walmart Company Profile

Walmart Inc engages in the operation of retail, wholesale, and other units 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, walmart.com.mx, walmart.ca, flipkart.com, and samsclub.com; and mobile commerce applications.