Letko Brosseau & Associates Inc. Sells 6,950 Shares of Walmart Inc. (NYSE:WMT)

Letko Brosseau & Associates Inc. lowered its position in Walmart Inc. (NYSE:WMT) by 1.8% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 381,537 shares of the retailer’s stock after selling 6,950 shares during the quarter. Letko Brosseau & Associates Inc.’s holdings in Walmart were worth $59,970,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Sageworth Trust Co grew its position in shares of Walmart by 2,414.3% during the 1st quarter. Sageworth Trust Co now owns 176 shares of the retailer’s stock worth $26,000 after buying an additional 169 shares in the last quarter. PFG Private Wealth Management LLC bought a new position in Walmart during the 2nd quarter worth about $28,000. Knott David M Jr purchased a new position in Walmart during the 1st quarter valued at about $33,000. Marquette Asset Management LLC bought a new stake in shares of Walmart in the 2nd quarter valued at about $34,000. Finally, Milestone Investment Advisors LLC purchased a new stake in shares of Walmart in the 1st quarter worth approximately $38,000. 33.18% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Walmart news, CEO C Douglas Mcmillon sold 9,708 shares of the company’s stock in a transaction dated Thursday, September 28th. The shares were sold at an average price of $162.40, for a total value of $1,576,579.20. Following the completion of the transaction, the chief executive officer now owns 1,461,509 shares in the company, valued at $237,349,061.60. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other news, CEO C Douglas Mcmillon sold 9,708 shares of the business’s stock in a transaction that occurred on Thursday, September 28th. The stock was sold at an average price of $162.40, for a total value of $1,576,579.20. Following the completion of the sale, the chief executive officer now directly owns 1,461,509 shares in the company, valued at $237,349,061.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP John D. Rainey sold 1,000 shares of the stock in a transaction that occurred on Wednesday, November 1st. The shares were sold at an average price of $164.37, for a total value of $164,370.00. Following the transaction, the executive vice president now owns 167,735 shares in the company, valued at approximately $27,570,601.95. The disclosure for this sale can be found here. Over the last three months, insiders have sold 31,166 shares of company stock valued at $5,066,701. Corporate insiders own 46.51% of the company’s stock.

Wall Street Analyst Weigh In

WMT has been the topic of several research reports. Telsey Advisory Group reissued an “outperform” rating and set a $185.00 price objective on shares of Walmart in a report on Friday. Evercore ISI cut their price target on Walmart from $187.00 to $177.00 and set an “outperform” rating on the stock in a report on Friday. Tigress Financial upped their price objective on Walmart from $182.00 to $196.00 and gave the stock a “buy” rating in a research note on Wednesday, October 25th. Jefferies Financial Group lifted their target price on Walmart from $190.00 to $195.00 and gave the company a “buy” rating in a research note on Tuesday, November 14th. Finally, Royal Bank of Canada reissued an “outperform” rating and set a $168.00 price target on shares of Walmart in a research report on Friday. Four research analysts have rated the stock with a hold rating and twenty-eight have issued a buy rating to the company’s stock. According to MarketBeat, Walmart has a consensus rating of “Moderate Buy” and a consensus target price of $179.00.

Walmart Stock Performance

Shares of WMT stock traded down $0.22 on Monday, hitting $155.13. The company had a trading volume of 3,108,799 shares, compared to its average volume of 5,973,753. Walmart Inc. has a twelve month low of $136.09 and a twelve month high of $169.94. The company has a quick ratio of 0.26, a current ratio of 0.85 and a debt-to-equity ratio of 0.49. The firm has a market cap of $417.54 billion, a P/E ratio of 25.76, a price-to-earnings-growth ratio of 3.23 and a beta of 0.53. The company has a 50-day moving average price of $162.21 and a 200-day moving average price of $157.87.

Walmart (NYSE:WMT) last announced its quarterly earnings results on Thursday, November 16th. The retailer reported $1.53 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $1.53. The company had revenue of $160.80 billion during the quarter, compared to the consensus estimate of $159.65 billion. Walmart had a return on equity of 21.20% and a net margin of 2.55%. Walmart’s revenue for the quarter was up 5.2% on a year-over-year basis. During the same period in the previous year, the company posted $1.50 earnings per share. As a group, equities research analysts predict that Walmart Inc. will post 6.44 earnings per share for the current fiscal year.

About Walmart

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.