Barrett Asset Management LLC Sells 75 Shares of Walmart Inc. (NYSE:WMT)

Barrett Asset Management LLC trimmed its position in Walmart Inc. (NYSE:WMTGet Rating) by 3.5% in the first quarter, according to its most recent filing with the SEC. The institutional investor owned 2,076 shares of the retailer’s stock after selling 75 shares during the period. Barrett Asset Management LLC’s holdings in Walmart were worth $309,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in WMT. Baltimore Washington Financial Advisors Inc. bought a new position in shares of Walmart during the 4th quarter valued at approximately $286,000. Cordant Inc. bought a new position in shares of Walmart during the 1st quarter valued at approximately $25,000. Conrad Siegel Investment Advisors Inc. bought a new position in shares of Walmart during the 1st quarter valued at approximately $27,000. Ulland Investment Advisors LLC boosted its holdings in Walmart by 442.9% in the 1st quarter. Ulland Investment Advisors LLC now owns 190 shares of the retailer’s stock worth $28,000 after buying an additional 155 shares during the period. Finally, Joseph P. Lucia & Associates LLC bought a new position in Walmart in the 1st quarter worth approximately $29,000. 31.26% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts recently commented on WMT shares. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Walmart from $142.00 to $162.00 and gave the stock a “buy” rating in a report on Wednesday, August 17th. Guggenheim cut their price objective on shares of Walmart from $185.00 to $175.00 and set a “na” rating for the company in a report on Wednesday, May 18th. The Goldman Sachs Group raised their price objective on shares of Walmart from $135.00 to $155.00 and gave the stock a “buy” rating in a report on Wednesday, August 17th. Citigroup raised their price objective on shares of Walmart from $152.00 to $162.00 and gave the stock a “buy” rating in a report on Wednesday, August 17th. Finally, Raymond James raised their price objective on shares of Walmart from $140.00 to $150.00 and gave the stock an “outperform” rating in a report 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 company’s stock. According to MarketBeat.com, Walmart presently has a consensus rating of “Moderate Buy” and an average target price of $151.29.

Walmart Price Performance

WMT stock opened at $136.84 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’s fifty day moving average is $130.91 and its 200 day moving average is $136.32. The firm has a market cap of $371.42 billion, a P/E ratio of 27.31, a P/E/G ratio of 4.25 and a beta of 0.52.

Walmart (NYSE:WMTGet Rating) last released its earnings results on Tuesday, August 16th. The retailer reported $1.77 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 company had revenue of $152.86 billion for the quarter, compared to analyst estimates of $149.96 billion. During the same quarter last year, the firm earned $1.78 EPS. The firm’s quarterly revenue was up 8.4% compared to the same quarter last year. Research analysts predict that Walmart Inc. will post 5.85 earnings per share for the current year.

Insiders Place Their Bets

In other Walmart news, major shareholder Alice L. Walton sold 931,768 shares of the firm’s stock in a transaction on Wednesday, August 17th. The shares were sold at an average price of $140.03, for a total value of $130,475,473.04. Following the sale, the insider now owns 285,607,867 shares of the company’s stock, valued at approximately $39,993,669,616.01. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other news, Director S Robson Walton sold 347,542 shares of Walmart stock in a transaction dated Thursday, August 25th. The shares were sold at an average price of $135.66, for a total transaction of $47,147,547.72. Following the sale, the director now owns 282,330,635 shares of the company’s stock, valued at approximately $38,300,973,944.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder Alice L. Walton sold 931,768 shares of Walmart stock in a transaction dated 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 sale, the insider now directly owns 285,607,867 shares in the company, valued at approximately $39,993,669,616.01. The disclosure for this sale can be found here. Insiders have sold a total of 2,152,124 shares of company stock valued at $297,159,579 in the last quarter. Insiders own 47.06% of the company’s stock.

About Walmart

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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.

Further Reading

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Institutional Ownership by Quarter for Walmart (NYSE:WMT)

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