American International Group Inc. Sells 3,267 Shares of Walmart Inc. (NYSE:WMT)

American International Group Inc. lowered its stake in shares of Walmart Inc. (NYSE:WMT) by 0.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 362,341 shares of the retailer’s stock after selling 3,267 shares during the quarter. American International Group Inc.’s holdings in Walmart were worth $57,123,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently added to or reduced their stakes in the company. William Blair Investment Management LLC lifted its holdings in shares of Walmart by 72.1% during the third quarter. William Blair Investment Management LLC now owns 14,849 shares of the retailer’s stock worth $2,375,000 after purchasing an additional 6,222 shares during the period. Garrett Wealth Advisory Group LLC acquired a new stake in shares of Walmart during the third quarter worth about $367,000. Checchi Capital Advisers LLC lifted its holdings in shares of Walmart by 2.4% during the third quarter. Checchi Capital Advisers LLC now owns 19,162 shares of the retailer’s stock worth $3,064,000 after purchasing an additional 456 shares during the period. Financial Engines Advisors L.L.C. acquired a new stake in shares of Walmart during the third quarter worth about $211,000. Finally, WCG Wealth Advisors LLC acquired a new stake in shares of Walmart during the third quarter worth about $4,852,000. Institutional investors own 26.76% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently commented on WMT shares. Barclays lifted their target price on Walmart from $60.00 to $66.00 and gave the stock an “overweight” rating in a report on Monday, May 20th. Morgan Stanley lifted their price target on Walmart from $67.00 to $70.00 and gave the company an “overweight” rating in a research report on Friday, May 17th. Raymond James lifted their price target on Walmart from $63.00 to $70.00 and gave the company an “outperform” rating in a research report on Friday, May 17th. Evercore ISI lifted their price target on Walmart from $70.00 to $72.00 and gave the company an “outperform” rating in a research report on Monday, June 3rd. Finally, Stifel Nicolaus lifted their price target on Walmart from $65.00 to $69.00 and gave the company a “hold” rating in a research report on Friday, May 17th. Three equities research analysts have rated the stock with a hold rating and twenty-eight have issued a buy rating to the stock. Based on data from MarketBeat, Walmart presently has a consensus rating of “Moderate Buy” and an average price target of $69.94.

Insider Transactions at Walmart

In other news, Director Timothy Patrick Flynn sold 30,000 shares of Walmart stock in a transaction dated Tuesday, May 21st. The shares were sold at an average price of $64.82, for a total value of $1,944,600.00. Following the sale, the director now owns 144,807 shares of the company’s stock, valued at $9,386,389.74. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other news, EVP John R. Furner sold 13,125 shares of the stock in a transaction that occurred on Wednesday, March 27th. The stock was sold at an average price of $60.81, for a total transaction of $798,131.25. Following the completion of the transaction, the executive vice president now directly owns 645,517 shares of the company’s stock, valued at approximately $39,253,888.77. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Timothy Patrick Flynn sold 30,000 shares of the stock in a transaction that occurred on Tuesday, May 21st. The stock was sold at an average price of $64.82, for a total value of $1,944,600.00. Following the transaction, the director now directly owns 144,807 shares of the company’s stock, valued at $9,386,389.74. The disclosure for this sale can be found here. Insiders sold 14,493,971 shares of company stock worth $950,549,592 over the last 90 days. 45.58% of the stock is currently owned by insiders.

Walmart Trading Up 0.5 %

Shares of Walmart stock traded up $0.32 during trading hours on Friday, hitting $67.02. The company’s stock had a trading volume of 12,590,146 shares, compared to its average volume of 15,134,117. Walmart Inc. has a twelve month low of $49.85 and a twelve month high of $67.57. The firm has a fifty day moving average of $62.47 and a 200-day moving average of $58.19. The stock has a market cap of $539.08 billion, a price-to-earnings ratio of 28.68, a P/E/G ratio of 3.87 and a beta of 0.52. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.23 and a current ratio of 0.80.

Walmart (NYSE:WMT) last announced its quarterly earnings results on Thursday, May 16th. The retailer reported $0.60 EPS for the quarter, beating the consensus estimate of $0.52 by $0.08. The business had revenue of $161.50 billion for the quarter, compared to analyst estimates of $159.57 billion. Walmart had a return on equity of 21.57% and a net margin of 2.88%. The company’s quarterly revenue was up 6.0% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.49 EPS. Research analysts forecast that Walmart Inc. will post 2.42 EPS for the current 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.