AGF Management Ltd. Sells 212,076 Shares of Walmart Inc. (NYSE:WMT)

AGF Management Ltd. lowered its stake in Walmart Inc. (NYSE:WMT) by 84.1% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 40,053 shares of the retailer’s stock after selling 212,076 shares during the period. AGF Management Ltd.’s holdings in Walmart were worth $2,712,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. EntryPoint Capital LLC bought a new stake in Walmart in the first quarter valued at $25,000. Northwest Capital Management Inc lifted its position in Walmart by 199.3% during the first quarter. Northwest Capital Management Inc now owns 440 shares of the retailer’s stock valued at $26,000 after buying an additional 293 shares during the period. TruNorth Capital Management LLC lifted its position in Walmart by 138.3% during the second quarter. TruNorth Capital Management LLC now owns 429 shares of the retailer’s stock valued at $29,000 after buying an additional 249 shares during the period. Cultivar Capital Inc. purchased a new position in Walmart during the second quarter valued at $29,000. Finally, Able Wealth Management LLC purchased a new position in Walmart during the fourth quarter valued at $30,000. Institutional investors own 26.76% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on WMT shares. Citigroup raised their price objective on Walmart from $63.33 to $75.00 and gave the company a “buy” rating in a research report on Friday, May 17th. Telsey Advisory Group raised their price objective on Walmart from $75.00 to $82.00 and gave the company an “outperform” rating in a research report on Friday, August 16th. Bank of America raised their price objective on Walmart from $75.00 to $85.00 and gave the company a “buy” rating in a research report on Friday, August 16th. Oppenheimer lifted their price target on Walmart from $69.00 to $75.00 and gave the stock an “outperform” rating in a research report on Thursday, June 6th. Finally, TD Cowen lifted their price target on Walmart from $80.00 to $85.00 and gave the stock a “buy” rating in a research report on Friday, August 16th. Two investment analysts have rated the stock with a hold rating, twenty-six have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Walmart presently has an average rating of “Moderate Buy” and an average price target of $78.99.

Insider Transactions at Walmart

In related news, SVP David Chojnowski sold 8,791 shares of the business’s stock in a transaction that occurred on Wednesday, June 26th. The stock was sold at an average price of $68.00, for a total transaction of $597,788.00. Following the completion of the transaction, the senior vice president now directly owns 94,415 shares in the company, valued at approximately $6,420,220. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. In related news, SVP David Chojnowski sold 8,791 shares of Walmart stock in a transaction on Wednesday, June 26th. The shares were sold at an average price of $68.00, for a total transaction of $597,788.00. Following the transaction, the senior vice president now owns 94,415 shares in the company, valued at approximately $6,420,220. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO C Douglas Mcmillon sold 29,124 shares of the company’s stock in a transaction on Thursday, June 27th. The stock was sold at an average price of $68.39, for a total transaction of $1,991,790.36. Following the completion of the transaction, the chief executive officer now directly owns 3,960,402 shares of the company’s stock, valued at approximately $270,851,892.78. The disclosure for this sale can be found here. Insiders have sold 9,269,360 shares of company stock valued at $714,463,163 over the last quarter. 45.58% of the stock is currently owned by company insiders.

Walmart Trading Up 1.0 %

Walmart stock opened at $79.66 on Friday. The business has a 50-day simple moving average of $72.30 and a two-hundred day simple moving average of $65.95. The company has a market cap of $640.33 billion, a P/E ratio of 34.09, a P/E/G ratio of 3.84 and a beta of 0.51. Walmart Inc. has a 52-week low of $49.85 and a 52-week high of $79.90. The company has a quick ratio of 0.22, a current ratio of 0.80 and a debt-to-equity ratio of 0.46.

Walmart (NYSE:WMT) last released its quarterly earnings results on Thursday, August 15th. The retailer reported $0.67 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 the consensus estimate of $168.56 billion. During the same period in the previous year, the company posted $0.61 EPS. The business’s quarterly revenue was up 4.7% compared to the same quarter last year. Analysts predict that Walmart Inc. will post 2.44 EPS 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.