Schneider Downs Wealth Management Advisors LP trimmed its position in shares of Walmart Inc. (NYSE:WMT – Free Report) by 3.0% during the 2nd quarter, HoldingsChannel reports. The fund owned 7,518 shares of the retailer’s stock after selling 231 shares during the quarter. Schneider Downs Wealth Management Advisors LP’s holdings in Walmart were worth $735,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other large investors have also modified their holdings of the company. Bedel Financial Consulting Inc. raised its stake in shares of Walmart by 0.4% in the 1st quarter. Bedel Financial Consulting Inc. now owns 25,915 shares of the retailer’s stock valued at $2,275,000 after buying an additional 102 shares in the last quarter. Revolve Wealth Partners LLC increased its stake in Walmart by 1.1% in the second quarter. Revolve Wealth Partners LLC now owns 9,830 shares of the retailer’s stock valued at $961,000 after acquiring an additional 103 shares during the period. Scott & Selber Inc. raised its position in Walmart by 3.7% in the first quarter. Scott & Selber Inc. now owns 2,920 shares of the retailer’s stock worth $256,000 after purchasing an additional 105 shares in the last quarter. Capital Advisors Wealth Management LLC lifted its stake in Walmart by 1.4% during the first quarter. Capital Advisors Wealth Management LLC now owns 7,794 shares of the retailer’s stock worth $684,000 after purchasing an additional 105 shares during the period. Finally, RoundAngle Advisors LLC boosted its holdings in Walmart by 0.4% during the second quarter. RoundAngle Advisors LLC now owns 25,995 shares of the retailer’s stock valued at $2,542,000 after purchasing an additional 105 shares in the last quarter. 26.76% of the stock is currently owned by institutional investors and hedge funds.
Walmart Trading Down 0.6%
WMT stock opened at $106.22 on Friday. The company has a quick ratio of 0.23, a current ratio of 0.79 and a debt-to-equity ratio of 0.43. Walmart Inc. has a twelve month low of $79.81 and a twelve month high of $109.57. The company has a market cap of $846.91 billion, a P/E ratio of 39.93, a PEG ratio of 5.00 and a beta of 0.67. The business has a fifty day moving average of $102.17 and a 200-day moving average of $98.73.
Analyst Ratings Changes
Several research firms have recently weighed in on WMT. Oppenheimer upped their price objective on Walmart from $110.00 to $115.00 and gave the company an “outperform” rating in a research note on Wednesday, August 13th. Erste Group Bank raised Walmart from a “hold” rating to a “buy” rating in a report on Tuesday, August 5th. Mizuho reaffirmed an “outperform” rating and set a $115.00 price target on shares of Walmart in a report on Wednesday, August 13th. Sanford C. Bernstein set a $117.00 target price on Walmart and gave the stock an “outperform” rating in a report on Friday, August 22nd. Finally, Tigress Financial lifted their price target on Walmart from $120.00 to $125.00 and gave the company a “buy” rating in a report on Wednesday, September 3rd. Thirty-one equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, Walmart currently has a consensus rating of “Moderate Buy” and an average target price of $113.07.
Insider Activity
In other Walmart news, EVP John R. Furner sold 13,125 shares of the company’s stock in a transaction on Thursday, October 16th. The shares were sold at an average price of $107.78, for a total transaction of $1,414,612.50. Following the completion of the sale, the executive vice president owned 892,940 shares in the company, valued at approximately $96,241,073.20. The trade was a 1.45% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP John D. Rainey sold 2,200 shares of Walmart stock in a transaction on Wednesday, October 1st. The stock was sold at an average price of $101.33, for a total value of $222,926.00. Following the sale, the executive vice president directly owned 621,718 shares of the company’s stock, valued at approximately $62,998,684.94. This trade represents a 0.35% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 151,038 shares of company stock worth $15,525,280. Corporate insiders own 0.10% of the company’s stock.
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.
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