StrongBox Wealth LLC Has $211,000 Stock Holdings in Walmart Inc. (NYSE:WMT)

StrongBox Wealth LLC trimmed its holdings in shares of Walmart Inc. (NYSE:WMTGet Rating) by 7.2% during the second quarter, HoldingsChannel reports. The fund owned 1,735 shares of the retailer’s stock after selling 134 shares during the quarter. StrongBox Wealth LLC’s holdings in Walmart were worth $211,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA boosted its stake in Walmart by 3.5% during the fourth quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 32,300 shares of the retailer’s stock worth $4,673,000 after acquiring an additional 1,080 shares in the last quarter. Nuveen Asset Management LLC raised its holdings in shares of Walmart by 8.0% in the fourth quarter. Nuveen Asset Management LLC now owns 10,881,290 shares of the retailer’s stock valued at $1,574,414,000 after purchasing an additional 801,954 shares during the last quarter. Gordian Capital Singapore Pte Ltd purchased a new stake in shares of Walmart in the fourth quarter valued at about $811,000. Jag Capital Management LLC increased its holdings in Walmart by 2.0% during the fourth quarter. Jag Capital Management LLC now owns 3,842 shares of the retailer’s stock worth $556,000 after buying an additional 76 shares during the last quarter. Finally, IHT Wealth Management LLC increased its holdings in Walmart by 11.0% during the fourth quarter. IHT Wealth Management LLC now owns 24,004 shares of the retailer’s stock worth $3,473,000 after buying an additional 2,387 shares during the last quarter. 31.26% of the stock is owned by institutional investors.

Walmart Stock Down 1.8 %

WMT stock traded down $2.46 during trading on Friday, reaching $130.93. 167,322 shares of the company traded hands, compared to its average volume of 6,263,060. Walmart Inc. has a 12 month low of $117.27 and a 12 month high of $160.77. The business has a 50 day simple moving average of $132.60 and a 200 day simple moving average of $136.13. The company has a market capitalization of $355.38 billion, a price-to-earnings ratio of 26.11, a price-to-earnings-growth ratio of 4.19 and a beta of 0.52. 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 (NYSE:WMTGet Rating) last issued its quarterly earnings results on Tuesday, August 16th. The retailer reported $1.77 earnings per share for the quarter, topping the consensus estimate of $1.60 by $0.17. The business had revenue of $152.86 billion during the quarter, compared to the consensus estimate of $149.96 billion. Walmart had a return on equity of 18.95% and a net margin of 2.36%. The company’s quarterly revenue was up 8.4% on a year-over-year basis. During the same quarter last year, the company earned $1.78 earnings per share. On average, equities research analysts anticipate that Walmart Inc. will post 5.85 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on WMT shares. MKM Partners increased their target price on shares of Walmart from $152.00 to $158.00 in a research report on Wednesday, August 17th. UBS Group increased their target price on shares of Walmart from $152.00 to $158.00 in a research report on Wednesday, August 17th. Bank of America raised their price objective on shares of Walmart from $145.00 to $155.00 and gave the company a “buy” rating in a research report on Wednesday, August 17th. Evercore ISI cut their price objective on shares of Walmart from $135.00 to $120.00 and set an “in-line” rating for the company in a research report on Tuesday, July 26th. Finally, Cowen cut their price objective on shares of Walmart from $180.00 to $150.00 and set an “outperform” rating for the company in a research report on Tuesday, July 26th. One analyst has rated the stock with a sell rating, seven have given a hold rating, seventeen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $151.41.

Insiders Place Their Bets

In other news, major shareholder Alice L. Walton sold 931,768 shares of the firm’s stock in a transaction dated Wednesday, August 17th. The stock was sold at an average price of $140.03, for a total value of $130,475,473.04. Following the completion of the transaction, the insider now directly owns 285,607,867 shares in the company, valued at $39,993,669,616.01. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In other Walmart news, CEO C Douglas Mcmillon sold 9,708 shares of the business’s stock in a transaction on Thursday, July 28th. The stock was sold at an average price of $127.05, for a total transaction of $1,233,401.40. Following the transaction, the chief executive officer now owns 1,507,454 shares of the company’s stock, valued at $191,522,030.70. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, major shareholder Alice L. Walton sold 931,768 shares of the company’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 completion of the transaction, 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. Over the last 90 days, insiders sold 2,142,416 shares of company stock valued at $295,973,941. 47.06% of the stock is currently owned by corporate insiders.

Walmart Profile

(Get Rating)

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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