B & T Capital Management DBA Alpha Capital Management Sells 487 Shares of Walmart Inc. (NYSE:WMT)

B & T Capital Management DBA Alpha Capital Management reduced its position in shares of Walmart Inc. (NYSE:WMT) by 0.7% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 65,650 shares of the retailer’s stock after selling 487 shares during the quarter. B & T Capital Management DBA Alpha Capital Management’s holdings in Walmart were worth $5,301,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in WMT. EntryPoint Capital LLC bought a new position in shares of Walmart in the first quarter valued at about $25,000. Northwest Capital Management Inc raised its position in shares of Walmart by 199.3% in the first quarter. Northwest Capital Management Inc now owns 440 shares of the retailer’s stock valued at $26,000 after purchasing an additional 293 shares during the period. TruNorth Capital Management LLC raised its position 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 purchasing an additional 249 shares during the period. Cultivar Capital Inc. bought a new position in shares of Walmart in the second quarter valued at about $29,000. Finally, Able Wealth Management LLC bought a new position in shares of Walmart in the fourth quarter valued at about $30,000. 26.76% of the stock is owned by institutional investors.

Analysts Set New Price Targets

WMT has been the topic of several research analyst reports. Bank of America increased their price objective on shares of Walmart from $75.00 to $85.00 and gave the company a “buy” rating in a research report on Friday, August 16th. Barclays upped their price target on shares of Walmart from $66.00 to $78.00 and gave the company an “overweight” rating in a research note on Friday, August 16th. Royal Bank of Canada upped their price target 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. StockNews.com upgraded shares of Walmart from a “buy” rating to a “strong-buy” rating in a research note on Friday, August 16th. Finally, The Goldman Sachs Group upped their price target on shares of Walmart from $73.00 to $81.00 and gave the company a “buy” rating in a research note on Friday, August 16th. One analyst has rated the stock with a hold rating, twenty-eight have issued a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, Walmart has an average rating of “Buy” and a consensus target price of $81.96.

Insiders Place Their Bets

In other Walmart news, EVP John D. Rainey sold 3,000 shares of the firm’s stock in a transaction that occurred on Tuesday, October 1st. The shares were sold at an average price of $80.97, for a total transaction of $242,910.00. Following the completion of the transaction, the executive vice president now owns 381,165 shares in the company, valued at approximately $30,862,930.05. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, EVP Daniel J. Bartlett sold 2,398 shares of the firm’s stock in a transaction that occurred on Monday, July 15th. The shares were sold at an average price of $69.50, for a total transaction of $166,661.00. Following the completion of the sale, the executive vice president now owns 463,871 shares of the company’s stock, valued at $32,239,034.50. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, EVP John D. Rainey sold 3,000 shares of the firm’s stock in a transaction that occurred on Tuesday, October 1st. The stock was sold at an average price of $80.97, for a total transaction of $242,910.00. Following the sale, the executive vice president now directly owns 381,165 shares of the company’s stock, valued at approximately $30,862,930.05. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 12,337,670 shares of company stock worth $958,267,937. 45.58% of the stock is currently owned by insiders.

Walmart Trading Down 0.9 %

NYSE WMT traded down $0.73 during trading hours on Thursday, reaching $79.67. The company’s stock had a trading volume of 3,258,658 shares, compared to its average volume of 17,285,227. The firm has a fifty day simple moving average of $76.12 and a 200-day simple moving average of $68.61. The stock has a market cap of $640.83 billion, a P/E ratio of 34.10, a P/E/G ratio of 4.05 and a beta of 0.51. Walmart Inc. has a 52 week low of $49.85 and a 52 week high of $81.60. 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 (NYSE:WMT) last issued its quarterly earnings data 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 net margin of 2.34% and a return on equity of 21.72%. The business had revenue of $169.30 billion during the quarter, compared to analyst estimates of $168.56 billion. During the same quarter last year, the business earned $0.61 EPS. The firm’s quarterly revenue was up 4.7% on a year-over-year basis. Equities analysts forecast that Walmart Inc. will post 2.44 earnings per share for the current fiscal year.

Walmart 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.