Estabrook Capital Management Sells 997 Shares of Walmart Inc. (NYSE:WMT)

Estabrook Capital Management lowered its position in shares of Walmart Inc. (NYSE:WMT) by 1.2% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 82,752 shares of the retailer’s stock after selling 997 shares during the period. Estabrook Capital Management’s holdings in Walmart were worth $5,603,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in the company. EntryPoint Capital LLC purchased a new position in shares of Walmart in the first quarter worth $25,000. Northwest Capital Management Inc raised its position in Walmart by 199.3% in the 1st quarter. Northwest Capital Management Inc now owns 440 shares of the retailer’s stock worth $26,000 after buying an additional 293 shares during the last quarter. TruNorth Capital Management LLC raised its position in Walmart by 138.3% in the 2nd quarter. TruNorth Capital Management LLC now owns 429 shares of the retailer’s stock worth $29,000 after buying an additional 249 shares during the last quarter. Cultivar Capital Inc. bought a new position in Walmart during the 2nd quarter valued at about $29,000. Finally, Able Wealth Management LLC purchased a new stake in shares of Walmart during the 4th quarter valued at about $30,000. 26.76% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

WMT has been the topic of a number of research analyst reports. Evercore ISI increased their price objective on shares of Walmart from $78.00 to $80.00 and gave the company an “outperform” rating in a research report on Thursday, August 22nd. KeyCorp increased their price target on Walmart from $75.00 to $82.00 and gave the company an “overweight” rating in a report on Wednesday, July 17th. Guggenheim lifted their price objective on Walmart from $75.00 to $81.00 and gave the stock a “buy” rating in a report on Friday, August 16th. Telsey Advisory Group increased their target price on Walmart from $75.00 to $82.00 and gave the company an “outperform” rating in a report on Friday, August 16th. Finally, The Goldman Sachs Group raised their target price on Walmart from $73.00 to $81.00 and gave the stock a “buy” rating in a research report on Friday, August 16th. Two research analysts have rated the stock with a hold rating, twenty-six have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $78.99.

Walmart Stock Performance

NYSE WMT opened at $79.06 on Friday. 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 Inc. has a twelve month low of $49.85 and a twelve month high of $81.02. The business has a 50-day moving average price of $73.44 and a 200-day moving average price of $66.83. The firm has a market cap of $635.92 billion, a price-to-earnings ratio of 33.79, a price-to-earnings-growth ratio of 4.03 and a beta of 0.51.

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

Insider Buying and Selling at Walmart

In other Walmart news, major shareholder Alice L. Walton sold 2,709,163 shares of the 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 completion of the transaction, the insider now owns 630,501,148 shares of the company’s stock, valued at approximately $48,781,873,820.76. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, major shareholder Alice L. Walton sold 2,709,163 shares of the business’s stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $77.37, for a total value 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, major shareholder S Robson Walton sold 359,616 shares of the firm’s stock in a transaction that occurred on Thursday, September 19th. The shares were sold at an average price of $78.25, for a total value of $28,139,952.00. Following the transaction, the insider now owns 603,989,702 shares of the company’s stock, valued at approximately $47,262,194,181.50. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 12,369,039 shares of company stock worth $959,826,083. Insiders own 45.58% of the company’s stock.

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.