Fort Sheridan Advisors LLC Trims Stock Position in Walmart Inc. (NYSE:WMT)

Fort Sheridan Advisors LLC decreased its position in shares of Walmart Inc. (NYSE:WMTGet Rating) by 6.0% during the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 3,912 shares of the retailer’s stock after selling 250 shares during the period. Fort Sheridan Advisors LLC’s holdings in Walmart were worth $583,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of WMT. Teacher Retirement System of Texas increased its position in shares of Walmart by 3.1% in the first quarter. Teacher Retirement System of Texas now owns 798,137 shares of the retailer’s stock worth $118,859,000 after acquiring an additional 24,235 shares in the last quarter. Wealthsource Partners LLC lifted its position in shares of Walmart by 19.0% in the 1st quarter. Wealthsource Partners LLC now owns 9,813 shares of the retailer’s stock worth $1,461,000 after buying an additional 1,565 shares during the last quarter. MONECO Advisors LLC bought a new stake in Walmart in the 1st quarter valued at about $207,000. Parthenon LLC lifted its position in Walmart by 0.9% in the 1st quarter. Parthenon LLC now owns 80,500 shares of the retailer’s stock valued at $11,988,000 after purchasing an additional 730 shares during the last quarter. Finally, Altman Advisors Inc. increased its stake in Walmart by 0.9% during the 1st quarter. Altman Advisors Inc. now owns 9,589 shares of the retailer’s stock valued at $1,428,000 after buying an additional 84 shares during the period. Hedge funds and other institutional investors own 30.79% of the company’s stock.

Walmart Trading Up 0.8 %

Shares of Walmart stock opened at $126.58 on Friday. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.86 and a quick ratio of 0.23. The company has a market capitalization of $346.97 billion, a price-to-earnings ratio of 27.22, a P/E/G ratio of 4.02 and a beta of 0.53. The business has a fifty day simple moving average of $125.33 and a two-hundred day simple moving average of $137.04. Walmart Inc. has a 1 year low of $117.27 and a 1 year high of $160.77.

Walmart (NYSE:WMTGet Rating) last posted its quarterly earnings data on Tuesday, May 17th. The retailer reported $1.30 earnings per share for the quarter, missing the consensus estimate of $1.48 by ($0.18). The firm had revenue of $141.60 billion for the quarter, compared to the consensus estimate of $138.05 billion. Walmart had a return on equity of 19.05% and a net margin of 2.26%. The firm’s quarterly revenue was up 2.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.69 EPS. Research analysts forecast that Walmart Inc. will post 5.68 EPS for the current year.

Insiders Place Their Bets

In related news, CEO C Douglas Mcmillon sold 9,708 shares of the firm’s stock in a transaction on Thursday, June 23rd. The stock was sold at an average price of $122.13, for a total value of $1,185,638.04. Following the transaction, the chief executive officer now owns 1,517,160 shares in the company, valued at $185,290,750.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders have sold 29,124 shares of company stock worth $3,638,461 in the last 90 days. Company insiders own 47.06% of the company’s stock.

Wall Street Analyst Weigh In

WMT has been the topic of several recent research reports. Citigroup lowered their price objective on shares of Walmart from $166.00 to $152.00 in a research note on Tuesday, July 26th. Gordon Haskett reduced their target price on shares of Walmart from $140.00 to $135.00 and set a “hold” rating for the company in a research note on Wednesday, May 18th. MKM Partners dropped their price target on shares of Walmart from $159.00 to $152.00 and set a “buy” rating on the stock in a research report on Tuesday, July 26th. Stifel Nicolaus dropped their price target on shares of Walmart from $155.00 to $150.00 and set a “hold” rating on the stock in a research report on Wednesday, May 18th. Finally, JPMorgan Chase & Co. set a $128.00 target price on shares of Walmart in a research report on Tuesday, July 26th. One analyst has rated the stock with a sell rating, eight have given a hold rating and eighteen have assigned a buy rating to the company. According to data from MarketBeat.com, Walmart presently has a consensus rating of “Moderate Buy” and an average price target of $151.00.

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.

See Also

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Institutional Ownership by Quarter for Walmart (NYSE:WMT)

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