Independent Advisor Alliance Sells 17,461 Shares of Walmart Inc. (NYSE:WMT)

Independent Advisor Alliance lowered its position in Walmart Inc. (NYSE:WMT) by 5.3% in the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 312,051 shares of the retailer’s stock after selling 17,461 shares during the period. Walmart accounts for about 0.9% of Independent Advisor Alliance’s investment portfolio, making the stock its 19th largest holding. Independent Advisor Alliance’s holdings in Walmart were worth $25,198,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in WMT. EntryPoint Capital LLC bought a new position in Walmart in the first quarter worth $25,000. Peterson Financial Group Inc. purchased a new stake in shares of Walmart in the 3rd quarter worth about $26,000. TruNorth Capital Management LLC increased 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 worth $29,000 after acquiring an additional 249 shares in the last quarter. Cultivar Capital Inc. purchased a new position in Walmart during the 2nd quarter valued at about $29,000. Finally, FSA Wealth Management LLC boosted its stake in 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 acquiring an additional 377 shares in the last quarter. Hedge funds and other institutional investors own 26.76% of the company’s stock.

Insider Buying and Selling at Walmart

In other Walmart news, EVP John D. Rainey sold 3,000 shares of the firm’s stock in a transaction that occurred on Friday, November 1st. The stock was sold at an average price of $82.12, for a total transaction of $246,360.00. Following the completion of the transaction, the executive vice president now owns 378,165 shares in the company, valued at $31,054,909.80. This trade represents a 0.79 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, EVP Daniel J. Bartlett sold 2,063 shares of Walmart stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $80.76, for a total value of $166,607.88. Following the completion of the sale, the executive vice president now directly owns 459,558 shares in the company, valued at approximately $37,113,904.08. The trade was a 0.45 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 12,337,337 shares of company stock valued at $958,823,647 in the last three months. 45.58% of the stock is currently owned by corporate insiders.

Walmart Stock Up 2.3 %

WMT opened at $90.44 on Monday. The stock has a market cap of $726.98 billion, a price-to-earnings ratio of 37.12, a price-to-earnings-growth ratio of 4.29 and a beta of 0.51. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.23 and a current ratio of 0.85. The firm’s fifty day moving average is $82.12 and its 200 day moving average is $73.94. Walmart Inc. has a fifty-two week low of $49.85 and a fifty-two week high of $90.91.

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

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the stock. Truist Financial raised their target price on shares of Walmart from $89.00 to $98.00 and gave the company a “buy” rating in a research note on Wednesday, November 20th. Roth Mkm raised their price objective on Walmart from $81.00 to $97.00 and gave the company a “buy” rating in a research report on Wednesday, November 20th. Jefferies Financial Group boosted their target price on Walmart from $90.00 to $100.00 and gave the stock a “buy” rating in a report on Friday, November 15th. The Goldman Sachs Group upped their price target on shares of Walmart from $73.00 to $81.00 and gave the stock a “buy” rating in a research note on Friday, August 16th. Finally, Evercore ISI upped their target price on shares of Walmart from $66.00 to $89.00 and gave the stock an “overweight” rating in a research note on Monday, November 18th. Two analysts have rated the stock with a hold rating, twenty-nine have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $91.88.

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.