Fortis Advisors LLC Has $382,000 Position in Walmart Inc. (NYSE:WMT)

Fortis Advisors LLC decreased its position in shares of Walmart Inc. (NYSE:WMT) by 30.6% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 4,736 shares of the retailer’s stock after selling 2,089 shares during the quarter. Fortis Advisors LLC’s holdings in Walmart were worth $382,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. EntryPoint Capital LLC bought a new stake in shares of Walmart during the first quarter worth approximately $25,000. Peterson Financial Group Inc. bought a new stake in shares of Walmart during the 3rd quarter valued at $26,000. TruNorth Capital Management LLC lifted its stake in shares of Walmart by 138.3% in the 2nd quarter. TruNorth Capital Management LLC now owns 429 shares of the retailer’s stock valued at $29,000 after purchasing an additional 249 shares during the period. Cultivar Capital Inc. bought a new position in shares of Walmart in the 2nd quarter worth $29,000. Finally, FSA Wealth Management LLC grew its stake in shares of Walmart by 253.0% during the first quarter. FSA Wealth Management LLC now owns 526 shares of the retailer’s stock worth $32,000 after purchasing an additional 377 shares during the period. 26.76% of the stock is currently owned by institutional investors.

Insider Activity at Walmart

In other news, EVP Daniel J. Bartlett sold 2,063 shares of the company’s stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $80.76, for a total value of $166,607.88. Following the sale, the executive vice president now directly owns 459,558 shares of the company’s stock, valued at approximately $37,113,904.08. This represents a 0.45 % 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 John R. Furner sold 13,125 shares of Walmart stock in a transaction dated Thursday, October 24th. The stock was sold at an average price of $82.96, for a total value of $1,088,850.00. Following the transaction, the executive vice president now owns 593,040 shares of the company’s stock, valued at $49,198,598.40. The trade was a 2.17 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 12,337,337 shares of company stock valued at $958,823,647. 45.58% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on WMT shares. Jefferies Financial Group raised their target price on Walmart from $90.00 to $100.00 and gave the stock a “buy” rating in a report on Friday. Melius Research started coverage on shares of Walmart in a research note on Monday, September 23rd. They set a “buy” rating and a $95.00 price objective on the stock. Tigress Financial upped their target price on shares of Walmart from $75.00 to $86.00 and gave the company a “buy” rating in a research note on Tuesday, July 23rd. Telsey Advisory Group reissued an “outperform” rating and set a $92.00 price target on shares of Walmart in a research report on Wednesday, November 13th. Finally, StockNews.com upgraded shares of Walmart from a “buy” rating to a “strong-buy” rating in a research report on Friday, August 16th. One investment analyst has rated the stock with a hold rating, twenty-eight have assigned a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of $86.71.

Walmart Stock Down 0.2 %

NYSE:WMT opened at $84.09 on Tuesday. Walmart Inc. has a twelve month low of $49.85 and a twelve month high of $85.79. The firm has a market capitalization of $675.94 billion, a price-to-earnings ratio of 43.72, a price-to-earnings-growth ratio of 4.20 and a beta of 0.51. The company has a quick ratio of 0.22, a current ratio of 0.80 and a debt-to-equity ratio of 0.46. The stock’s 50 day moving average price is $81.43 and its two-hundred day moving average price is $73.15.

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.