Walmart Inc. (NYSE:WMT) Shares Sold by Transatlantique Private Wealth LLC

Transatlantique Private Wealth LLC reduced its position in Walmart Inc. (NYSE:WMT) by 6.3% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 17,352 shares of the retailer’s stock after selling 1,165 shares during the quarter. Transatlantique Private Wealth LLC’s holdings in Walmart were worth $1,174,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. EntryPoint Capital LLC purchased a new stake in Walmart during the 1st quarter worth approximately $25,000. Northwest Capital Management Inc increased its position in shares of Walmart by 199.3% during the first quarter. Northwest Capital Management Inc now owns 440 shares of the retailer’s stock worth $26,000 after acquiring an additional 293 shares during the period. TruNorth Capital Management LLC raised its stake in shares of Walmart by 138.3% in the second quarter. TruNorth Capital Management LLC now owns 429 shares of the retailer’s stock valued at $29,000 after acquiring an additional 249 shares in the last quarter. Cultivar Capital Inc. purchased a new position in Walmart in the second quarter valued at $29,000. Finally, Able Wealth Management LLC acquired a new position in Walmart during the 4th quarter worth $30,000. 26.76% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, EVP Daniel J. Bartlett sold 2,063 shares of the firm’s stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $80.76, for a total value of $166,607.88. Following the completion of the sale, the executive vice president now directly owns 459,558 shares of the company’s stock, valued at approximately $37,113,904.08. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, SVP David Chojnowski sold 8,791 shares of the stock in a transaction dated Wednesday, June 26th. The shares were sold at an average price of $68.00, for a total value of $597,788.00. Following the completion of the transaction, the senior vice president now owns 94,415 shares in the company, valued at approximately $6,420,220. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Daniel J. Bartlett sold 2,063 shares of the firm’s stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $80.76, for a total transaction of $166,607.88. Following the completion of the sale, the executive vice president now owns 459,558 shares of the company’s stock, valued at approximately $37,113,904.08. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 12,369,039 shares of company stock worth $959,826,083. Company insiders own 45.58% of the company’s stock.

Walmart Trading Up 1.3 %

NYSE:WMT opened at $79.06 on Friday. Walmart Inc. has a 12-month low of $49.85 and a 12-month high of $81.02. The company has a current ratio of 0.80, a quick ratio of 0.22 and a debt-to-equity ratio of 0.46. The stock’s 50 day simple moving average is $73.44 and its 200-day simple moving average is $66.78. The firm has a market cap of $635.92 billion, a P/E ratio of 33.79, a PEG ratio of 4.03 and a beta of 0.51.

Walmart (NYSE:WMT) last announced its quarterly earnings data on Thursday, August 15th. The retailer reported $0.67 earnings per share (EPS) for the quarter, beating 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 company had revenue of $169.30 billion for the quarter, compared to analysts’ expectations of $168.56 billion. During the same period in the previous year, the company posted $0.61 EPS. Walmart’s revenue was up 4.7% compared to the same quarter last year. Equities analysts anticipate that Walmart Inc. will post 2.44 EPS for the current year.

Wall Street Analysts Forecast Growth

WMT has been the topic of a number of analyst reports. DA Davidson increased their price target on Walmart from $75.00 to $85.00 and gave the company a “buy” rating in a research report on Friday, August 16th. Wells Fargo & Company lifted their price target on shares of Walmart from $75.00 to $81.00 and gave the stock an “overweight” rating in a research note on Friday, August 16th. Tigress Financial increased their price objective on shares of Walmart from $75.00 to $86.00 and gave the company a “buy” rating in a research report on Tuesday, July 23rd. Roth Mkm lifted their price objective on shares of Walmart from $71.00 to $81.00 and gave the stock a “buy” rating in a research report on Friday, August 16th. Finally, KeyCorp raised their price target on Walmart from $75.00 to $82.00 and gave the company an “overweight” rating in a research note on Wednesday, July 17th. Two investment 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.com, Walmart presently has a consensus rating of “Moderate Buy” and a consensus price target of $78.99.

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.