International Assets Investment Management LLC Trims Stock Position in Walmart Inc. (NYSE:WMT)

International Assets Investment Management LLC trimmed its position in shares of Walmart Inc. (NYSE:WMT) by 98.8% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 82,923 shares of the retailer’s stock after selling 6,880,295 shares during the quarter. International Assets Investment Management LLC’s holdings in Walmart were worth $7,463,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in the company. Peterson Financial Group Inc. acquired a new position in shares of Walmart in the third quarter worth about $26,000. Voisard Asset Management Group Inc. raised its holdings in Walmart by 77.3% in the 3rd quarter. Voisard Asset Management Group Inc. now owns 399 shares of the retailer’s stock worth $32,000 after purchasing an additional 174 shares during the period. Hoese & Co LLP acquired a new position in Walmart in the 3rd quarter worth about $33,000. Livelsberger Financial Advisory purchased a new position in Walmart during the third quarter worth approximately $36,000. Finally, Hara Capital LLC purchased a new stake in shares of Walmart in the third quarter valued at approximately $37,000. 26.76% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Walmart

In other Walmart news, CEO C Douglas Mcmillon sold 29,124 shares of Walmart stock in a transaction that occurred on Thursday, October 24th. The stock was sold at an average price of $82.79, for a total value of $2,411,175.96. Following the sale, the chief executive officer now owns 3,843,929 shares of the company’s stock, valued at approximately $318,238,881.91. The trade was a 0.75 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Daniel J. Bartlett sold 2,065 shares of the stock in a transaction that occurred on Tuesday, October 15th. The stock was sold at an average price of $80.69, for a total value of $166,624.85. Following the transaction, the executive vice president now directly owns 457,493 shares of the company’s stock, valued at approximately $36,915,110.17. This trade represents a 0.45 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 140,412 shares of company stock worth $12,478,116 in the last quarter. Company insiders own 45.58% of the company’s stock.

Walmart Stock Performance

WMT traded up $0.22 during trading on Wednesday, hitting $91.03. 1,633,789 shares of the stock were exchanged, compared to its average volume of 10,481,730. The company has a quick ratio of 0.23, a current ratio of 0.85 and a debt-to-equity ratio of 0.42. Walmart Inc. has a 1-year low of $52.58 and a 1-year high of $96.18. The stock has a fifty day moving average price of $89.76 and a two-hundred day moving average price of $80.13. The firm has a market capitalization of $731.28 billion, a P/E ratio of 37.36, a PEG ratio of 4.47 and a beta of 0.55.

Walmart (NYSE:WMT) last released its quarterly earnings results on Tuesday, November 19th. The retailer reported $0.58 EPS for the quarter, beating the consensus estimate of $0.53 by $0.05. The firm had revenue of $169.59 billion during the quarter, compared to the consensus estimate of $167.69 billion. Walmart had a net margin of 2.92% and a return on equity of 21.78%. Walmart’s revenue for the quarter was up 5.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.51 EPS. As a group, sell-side analysts predict that Walmart Inc. will post 2.47 earnings per share for the current year.

Analyst Ratings Changes

WMT has been the subject of a number of research reports. Roth Mkm boosted their target price on shares of Walmart from $81.00 to $97.00 and gave the stock a “buy” rating in a research note on Wednesday, November 20th. StockNews.com lowered Walmart from a “strong-buy” rating to a “buy” rating in a report on Wednesday, November 20th. Oppenheimer raised their target price on Walmart from $81.00 to $90.00 and gave the stock an “outperform” rating in a research note on Monday, October 14th. Wells Fargo & Company increased their price target on Walmart from $90.00 to $96.00 and gave the stock an “overweight” rating in a report on Wednesday, November 20th. Finally, DZ Bank lowered shares of Walmart from a “buy” rating to a “hold” rating and set a $91.00 price objective on the stock. in a report on Thursday, November 21st. Two investment analysts have rated the stock with a hold rating, twenty-nine have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $93.69.

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.