NewEdge Advisors LLC Sells 1,559 Shares of Walmart Inc. (NYSE:WMT)

NewEdge Advisors LLC reduced its stake in Walmart Inc. (NYSE:WMTGet Rating) by 1.2% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 129,638 shares of the retailer’s stock after selling 1,559 shares during the quarter. NewEdge Advisors LLC’s holdings in Walmart were worth $19,306,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Cordant Inc. bought a new stake in Walmart in the 1st quarter valued at $25,000. Conrad Siegel Investment Advisors Inc. acquired a new stake in Walmart in the 1st quarter valued at $27,000. Industrial Alliance Investment Management Inc. acquired a new position in shares of Walmart during the 4th quarter worth about $28,000. Ulland Investment Advisors LLC increased its stake in shares of Walmart by 442.9% during the 1st quarter. Ulland Investment Advisors LLC now owns 190 shares of the retailer’s stock worth $28,000 after purchasing an additional 155 shares during the last quarter. Finally, Gibson Wealth Advisors LLC acquired a new position in shares of Walmart during the 4th quarter worth about $29,000. 31.26% of the stock is owned by institutional investors.

Insider Buying and Selling at Walmart

In other Walmart news, CEO C Douglas Mcmillon sold 9,708 shares of the company’s stock in a transaction that occurred on Thursday, June 23rd. The shares were sold at an average price of $122.13, for a total value of $1,185,638.04. Following the completion of the transaction, the chief executive officer now directly owns 1,517,160 shares in the company, valued at approximately $185,290,750.80. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. In other news, major shareholder Alice L. Walton sold 931,768 shares of the stock in a transaction on Wednesday, August 17th. The shares were sold at an average price of $140.03, for a total transaction of $130,475,473.04. Following the completion of the sale, the insider now directly owns 285,607,867 shares in the company, valued at $39,993,669,616.01. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CEO C Douglas Mcmillon sold 9,708 shares of the stock in a transaction on Thursday, June 23rd. The stock was sold at an average price of $122.13, for a total transaction of $1,185,638.04. Following the sale, the chief executive officer now owns 1,517,160 shares of the company’s stock, valued at $185,290,750.80. The disclosure for this sale can be found here. In the last ninety days, insiders sold 2,152,124 shares of company stock worth $297,159,579. 47.06% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the stock. Oppenheimer boosted their price objective on shares of Walmart from $135.00 to $155.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 17th. Cowen decreased their price target on shares of Walmart from $180.00 to $150.00 and set an “outperform” rating on the stock in a research note on Tuesday, July 26th. Deutsche Bank Aktiengesellschaft upped their price target on shares of Walmart from $142.00 to $162.00 and gave the company a “buy” rating in a research note on Wednesday, August 17th. BMO Capital Markets decreased their price target on shares of Walmart from $170.00 to $165.00 and set an “outperform” rating on the stock in a research note on Wednesday, May 18th. Finally, StockNews.com upgraded shares of Walmart from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, August 17th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, sixteen have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $151.29.

Walmart Trading Up 0.5 %

Shares of NYSE WMT opened at $136.43 on Friday. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.24 and a current ratio of 0.84. Walmart Inc. has a 52-week low of $117.27 and a 52-week high of $160.77. The firm has a 50 day moving average price of $130.63 and a two-hundred day moving average price of $136.31. The stock has a market cap of $370.30 billion, a P/E ratio of 27.23, a price-to-earnings-growth ratio of 4.22 and a beta of 0.52.

Walmart (NYSE:WMTGet Rating) last announced its quarterly earnings results on Tuesday, August 16th. The retailer reported $1.77 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.60 by $0.17. Walmart had a net margin of 2.36% and a return on equity of 18.95%. The firm had revenue of $152.86 billion during the quarter, compared to analysts’ expectations of $149.96 billion. During the same period in the prior year, the company posted $1.78 EPS. The company’s revenue was up 8.4% on a year-over-year basis. As a group, equities analysts forecast that Walmart Inc. will post 5.85 EPS for the current year.

Walmart Profile

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Walmart Inc engages in the operation of retail, wholesale, and other units 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; membership-only warehouse clubs; ecommerce websites, such as walmart.com, walmart.com.mx, walmart.ca, flipkart.com, and samsclub.com; and mobile commerce applications.

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Institutional Ownership by Quarter for Walmart (NYSE:WMT)

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