ASB Consultores LLC Sells 3,348 Shares of Walmart Inc. (NYSE:WMT)

ASB Consultores LLC reduced its stake in shares of Walmart Inc. (NYSE:WMT) by 17.8% in the second quarter, HoldingsChannel.com reports. The firm owned 15,487 shares of the retailer’s stock after selling 3,348 shares during the period. Walmart comprises about 0.4% of ASB Consultores LLC’s investment portfolio, making the stock its 29th largest holding. ASB Consultores LLC’s holdings in Walmart were worth $1,049,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Aveo Capital Partners LLC raised its holdings in shares of Walmart by 4.8% in the fourth quarter. Aveo Capital Partners LLC now owns 4,330 shares of the retailer’s stock valued at $683,000 after purchasing an additional 197 shares during the last quarter. 9258 Wealth Management LLC lifted its position in shares of Walmart by 1.8% during the 4th quarter. 9258 Wealth Management LLC now owns 12,972 shares of the retailer’s stock worth $2,045,000 after buying an additional 235 shares in the last quarter. Gryphon Financial Partners LLC boosted its stake in shares of Walmart by 58.3% in the 4th quarter. Gryphon Financial Partners LLC now owns 6,631 shares of the retailer’s stock worth $1,033,000 after buying an additional 2,443 shares during the last quarter. Quest Partners LLC bought a new position in Walmart in the 4th quarter valued at $684,000. Finally, Assetmark Inc. increased its holdings in Walmart by 7.2% during the fourth quarter. Assetmark Inc. now owns 39,055 shares of the retailer’s stock worth $6,157,000 after buying an additional 2,607 shares during the last quarter. 26.76% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Walmart

In other Walmart news, SVP David Chojnowski sold 8,791 shares of the business’s 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 directly owns 94,415 shares of the company’s stock, valued at approximately $6,420,220. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other Walmart news, SVP David Chojnowski sold 8,791 shares of Walmart 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 sale, the senior vice president now directly owns 94,415 shares of the company’s stock, valued at approximately $6,420,220. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, major shareholder S Robson Walton sold 4,057,369 shares of the stock in a transaction that occurred on Monday, September 9th. The stock was sold at an average price of $77.20, for a total value of $313,228,886.80. Following the completion of the transaction, the insider now directly owns 611,988,318 shares of the company’s stock, valued at approximately $47,245,498,149.60. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 12,369,039 shares of company stock worth $959,826,083. 45.58% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

WMT has been the subject of several research reports. Oppenheimer increased their price target on Walmart from $69.00 to $75.00 and gave the stock an “outperform” rating in a research note on Thursday, June 6th. Royal Bank of Canada boosted their price objective on shares of Walmart from $74.00 to $80.00 and gave the company an “outperform” rating in a research note on Friday, August 16th. Bank of America increased their target price on shares of Walmart from $75.00 to $85.00 and gave the stock a “buy” rating in a research note on Friday, August 16th. UBS Group upped their price target on shares of Walmart from $74.00 to $81.00 and gave the stock a “buy” rating in a report on Friday, August 16th. Finally, Barclays lifted their price objective on Walmart from $66.00 to $78.00 and gave the company an “overweight” rating in a research note on Friday, August 16th. Two equities research analysts have rated the stock with a hold rating, twenty-six have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $78.99.

Walmart Price Performance

WMT opened at $78.05 on Friday. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.80 and a quick ratio of 0.22. Walmart Inc. has a 1 year low of $49.85 and a 1 year high of $81.02. The stock’s 50 day simple moving average is $73.24 and its 200 day simple moving average is $66.65. The firm has a market cap of $627.80 billion, a price-to-earnings ratio of 33.35, a PEG ratio of 4.03 and a beta of 0.51.

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