Evermay Wealth Management LLC Reduces Holdings in Walmart Inc. (NYSE:WMT)

Evermay Wealth Management LLC cut its position in Walmart Inc. (NYSE:WMT) by 3.7% in the 3rd quarter, Holdings Channel.com reports. The firm owned 6,332 shares of the retailer’s stock after selling 240 shares during the quarter. Evermay Wealth Management LLC’s holdings in Walmart were worth $511,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the company. EntryPoint Capital LLC acquired a new position in shares of Walmart in the first quarter worth about $25,000. TruNorth Capital Management LLC raised its position in shares of Walmart by 138.3% in the 2nd quarter. TruNorth Capital Management LLC now owns 429 shares of the retailer’s stock valued at $29,000 after purchasing an additional 249 shares in the last quarter. Cultivar Capital Inc. acquired a new stake in shares of Walmart during the second quarter worth approximately $29,000. FSA Wealth Management LLC increased its stake in shares of Walmart by 253.0% in the first quarter. FSA Wealth Management LLC now owns 526 shares of the retailer’s stock worth $32,000 after buying an additional 377 shares during the last quarter. Finally, Kozak & Associates Inc. raised its holdings in Walmart by 216.4% in the first quarter. Kozak & Associates Inc. now owns 503 shares of the retailer’s stock valued at $32,000 after acquiring an additional 344 shares in the last quarter. 26.76% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Walmart

In other news, CEO C Douglas Mcmillon sold 29,124 shares of the company’s stock in a transaction dated Thursday, October 24th. The stock was sold at an average price of $82.79, for a total value of $2,411,175.96. Following the transaction, the chief executive officer now owns 3,843,929 shares in the company, valued at $318,238,881.91. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other news, EVP John D. Rainey sold 3,000 shares of the firm’s stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $77.48, for a total transaction of $232,440.00. Following the completion of the sale, the executive vice president now directly owns 384,165 shares of the company’s stock, valued at $29,765,104.20. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO C Douglas Mcmillon sold 29,124 shares of the business’s stock in a transaction that occurred on Thursday, October 24th. The shares were sold at an average price of $82.79, for a total value of $2,411,175.96. Following the completion of the sale, the chief executive officer now directly owns 3,843,929 shares of the company’s stock, valued at approximately $318,238,881.91. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 12,337,337 shares of company stock valued at $958,784,857. Company insiders own 45.58% of the company’s stock.

Wall Street Analyst Weigh In

WMT has been the topic of a number of recent analyst reports. Morgan Stanley upped their target price on shares of Walmart from $75.00 to $82.00 and gave the company an “overweight” rating in a research note on Friday, August 16th. The Goldman Sachs Group increased their target price on Walmart from $73.00 to $81.00 and gave the stock a “buy” rating in a report on Friday, August 16th. JPMorgan Chase & Co. boosted their price target on Walmart from $81.00 to $83.00 and gave the company an “overweight” rating in a report on Friday, August 16th. Bank of America raised their price objective on Walmart from $75.00 to $85.00 and gave the stock a “buy” rating in a research note on Friday, August 16th. Finally, KeyCorp boosted their target price on shares of Walmart from $86.00 to $87.00 and gave the company an “overweight” rating in a research note on Monday. One investment analyst has rated the stock with a hold rating, twenty-nine have issued a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target of $83.83.

Walmart Price Performance

Shares of WMT stock traded down $0.16 during mid-day trading on Wednesday, hitting $81.54. 1,111,391 shares of the stock traded hands, compared to its average volume of 16,835,850. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.22 and a current ratio of 0.80. The company’s 50-day simple moving average is $79.42 and its 200-day simple moving average is $70.78. Walmart Inc. has a twelve month low of $49.85 and a twelve month high of $83.34. The firm has a market cap of $655.44 billion, a price-to-earnings ratio of 42.56, a price-to-earnings-growth ratio of 4.13 and a beta of 0.51.

Walmart (NYSE:WMT) last released its quarterly earnings data on Thursday, August 15th. The retailer reported $0.67 earnings per share for the quarter, topping the consensus estimate 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 during the quarter, compared to analyst estimates of $168.56 billion. During the same period last year, the company posted $0.61 EPS. The company’s revenue was up 4.7% compared to the same quarter last year. As a group, equities research analysts expect that Walmart Inc. will post 2.44 earnings per share for the current year.

Walmart Company 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.