Ballentine Partners LLC Boosts Holdings in Walmart Inc. (NYSE:WMT)

Ballentine Partners LLC boosted its position in shares of Walmart Inc. (NYSE:WMT) by 0.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 78,648 shares of the retailer’s stock after buying an additional 372 shares during the period. Ballentine Partners LLC’s holdings in Walmart were worth $6,351,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Liberty Wealth Management LLC purchased a new stake in Walmart during the 1st quarter worth approximately $270,000. Commerce Bank increased its stake in Walmart by 189.4% during the 1st quarter. Commerce Bank now owns 917,625 shares of the retailer’s stock worth $55,213,000 after buying an additional 600,521 shares in the last quarter. Envestnet Portfolio Solutions Inc. increased its stake in Walmart by 290.7% during the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 270,065 shares of the retailer’s stock worth $16,250,000 after buying an additional 200,947 shares in the last quarter. Private Advisor Group LLC boosted its holdings in shares of Walmart by 189.4% during the 1st quarter. Private Advisor Group LLC now owns 643,848 shares of the retailer’s stock worth $38,740,000 after purchasing an additional 421,366 shares during the last quarter. Finally, Sustainable Insight Capital Management LLC acquired a new position in shares of Walmart during the 1st quarter worth approximately $723,000. 26.76% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

WMT has been the topic of several recent research reports. Roth Mkm boosted their target price on Walmart from $71.00 to $81.00 and gave the stock a “buy” rating in a report on Friday, August 16th. Bank of America boosted their target price on Walmart from $75.00 to $85.00 and gave the stock a “buy” rating in a report on Friday, August 16th. JPMorgan Chase & Co. boosted their target price on Walmart from $81.00 to $83.00 and gave the stock an “overweight” rating in a report on Friday, August 16th. Tigress Financial boosted their target price on Walmart from $75.00 to $86.00 and gave the stock a “buy” rating in a report on Tuesday, July 23rd. Finally, BMO Capital Markets restated an “outperform” rating and set a $80.00 target price on shares of Walmart in a report on Friday, August 16th. One equities research analyst has rated the stock with a hold rating, twenty-nine have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, Walmart presently has an average rating of “Buy” and an average target price of $83.51.

Walmart Stock Down 0.6 %

Walmart stock opened at $82.51 on Friday. Walmart Inc. has a twelve month low of $49.85 and a twelve month high of $83.34. The stock’s fifty day simple moving average is $78.91 and its 200-day simple moving average is $70.17. The company has a current ratio of 0.80, a quick ratio of 0.22 and a debt-to-equity ratio of 0.46. The firm has a market capitalization of $663.67 billion, a P/E ratio of 35.26, a P/E/G ratio of 4.11 and a beta of 0.51.

Walmart (NYSE:WMT) last posted its quarterly earnings data on Thursday, August 15th. The retailer reported $0.67 earnings per share for the quarter, topping analysts’ consensus estimates of $0.65 by $0.02. Walmart had a return on equity of 21.72% and a net margin of 2.34%. The business had revenue of $169.30 billion for the quarter, compared to analyst estimates of $168.56 billion. During the same quarter in the prior year, the company earned $0.61 earnings per share. The company’s revenue was up 4.7% on a year-over-year basis. As a group, equities analysts expect that Walmart Inc. will post 2.44 earnings per share for the current fiscal year.

Insider Transactions at Walmart

In other news, major shareholder S Robson Walton sold 4,057,369 shares of the company’s stock in a transaction on Monday, September 9th. The stock was sold at an average price of $77.20, for a total transaction of $313,228,886.80. Following the sale, the insider now owns 611,988,318 shares of the company’s stock, valued at approximately $47,245,498,149.60. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, major shareholder Alice L. Walton sold 2,709,163 shares of the stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $77.37, for a total value of $209,607,941.31. Following the transaction, the insider now owns 630,501,148 shares of the company’s stock, valued at $48,781,873,820.76. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, major shareholder S Robson Walton sold 4,057,369 shares of the stock in a transaction on Monday, September 9th. The shares were sold at an average price of $77.20, for a total value of $313,228,886.80. Following the completion of the transaction, the insider now directly owns 611,988,318 shares in the company, valued at $47,245,498,149.60. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 12,337,337 shares of company stock valued at $958,784,857. 45.58% of the stock is currently owned by company insiders.

Walmart 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.