Ascent Wealth Partners LLC Sells 2,035 Shares of Walmart Inc. (NYSE:WMT)

Ascent Wealth Partners LLC reduced its stake in shares of Walmart Inc. (NYSE:WMT) by 1.6% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 124,417 shares of the retailer’s stock after selling 2,035 shares during the period. Walmart comprises 1.4% of Ascent Wealth Partners LLC’s investment portfolio, making the stock its 21st biggest position. Ascent Wealth Partners LLC’s holdings in Walmart were worth $10,047,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. WFA Asset Management Corp lifted its stake in shares of Walmart by 201.0% during the 1st quarter. WFA Asset Management Corp now owns 2,092 shares of the retailer’s stock valued at $126,000 after buying an additional 1,397 shares in the last quarter. Dupont Capital Management Corp lifted its stake in shares of Walmart by 165.4% during the 1st quarter. Dupont Capital Management Corp now owns 270,147 shares of the retailer’s stock valued at $16,255,000 after buying an additional 168,346 shares in the last quarter. BNP Paribas purchased a new stake in shares of Walmart during the 1st quarter valued at approximately $26,063,000. Montgomery Investment Management Inc. lifted its stake in shares of Walmart by 279.9% during the 1st quarter. Montgomery Investment Management Inc. now owns 11,413 shares of the retailer’s stock valued at $687,000 after buying an additional 8,409 shares in the last quarter. Finally, St. Louis Trust Co lifted its stake in shares of Walmart by 268.2% during the 1st quarter. St. Louis Trust Co now owns 18,411 shares of the retailer’s stock valued at $1,108,000 after buying an additional 13,411 shares in the last quarter. 26.76% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, major shareholder Alice L. Walton sold 2,709,163 shares of Walmart stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $77.37, for a total transaction of $209,607,941.31. Following the sale, the insider now owns 630,501,148 shares of the company’s stock, valued at approximately $48,781,873,820.76. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other news, EVP John D. Rainey sold 3,000 shares of Walmart stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $82.12, for a total transaction of $246,360.00. Following the sale, the executive vice president now owns 378,165 shares of the company’s stock, valued at approximately $31,054,909.80. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, major shareholder Alice L. Walton sold 2,709,163 shares of Walmart stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $77.37, for a total transaction of $209,607,941.31. Following the sale, the insider now directly owns 630,501,148 shares in the company, valued at $48,781,873,820.76. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 12,337,337 shares of company stock valued at $958,823,647 in the last quarter. Insiders own 45.58% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on WMT. DA Davidson upped their price target on shares of Walmart from $75.00 to $85.00 and gave the company a “buy” rating in a research note on Friday, August 16th. Wells Fargo & Company increased their target price on shares of Walmart from $88.00 to $90.00 and gave the stock an “overweight” rating in a research note on Thursday, October 31st. Deutsche Bank Aktiengesellschaft increased their target price on shares of Walmart from $77.00 to $83.00 and gave the stock a “buy” rating in a research note on Friday, August 16th. Telsey Advisory Group increased their target price on shares of Walmart from $82.00 to $92.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 8th. Finally, JPMorgan Chase & Co. increased their target price on shares of Walmart from $81.00 to $83.00 and gave the stock an “overweight” rating in a research note on Friday, August 16th. One investment analyst has rated the stock with a hold rating, twenty-nine have assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Buy” and an average price target of $83.89.

Walmart Trading Up 0.2 %

Walmart stock traded up $0.18 during trading hours on Thursday, reaching $83.62. The stock had a trading volume of 547,634 shares, compared to its average volume of 16,732,740. The stock has a market cap of $672.16 billion, a PE ratio of 43.46, a PEG ratio of 4.13 and a beta of 0.51. Walmart Inc. has a 52 week low of $49.85 and a 52 week high of $85.54. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.80 and a quick ratio of 0.22. The company has a fifty day simple moving average of $80.22 and a 200-day simple moving average of $71.67.

Walmart (NYSE:WMT) last announced its quarterly earnings results on Thursday, August 15th. The retailer reported $0.67 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.65 by $0.02. The business had revenue of $169.30 billion for the quarter, compared to analyst estimates of $168.56 billion. Walmart had a net margin of 2.34% and a return on equity of 21.72%. The company’s revenue was up 4.7% on a year-over-year basis. During the same quarter last year, the firm earned $0.61 EPS. Analysts forecast that Walmart Inc. will post 2.44 EPS for the current fiscal year.

About Walmart

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.