Armor Investment Advisors LLC Cuts Stock Holdings in Walmart Inc. (NYSE:WMT)

Armor Investment Advisors LLC decreased its stake in shares of Walmart Inc. (NYSE:WMT - Free Report) by 48.5% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 18,104 shares of the retailer's stock after selling 17,024 shares during the period. Armor Investment Advisors LLC's holdings in Walmart were worth $1,462,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Investment Advisory Group LLC lifted its stake in shares of Walmart by 2.1% in the third quarter. Investment Advisory Group LLC now owns 6,182 shares of the retailer's stock worth $499,000 after buying an additional 126 shares in the last quarter. Professional Financial Advisors LLC lifted its stake in shares of Walmart by 0.6% in the third quarter. Professional Financial Advisors LLC now owns 21,839 shares of the retailer's stock worth $1,763,000 after buying an additional 137 shares in the last quarter. Inspire Advisors LLC lifted its stake in shares of Walmart by 2.1% in the third quarter. Inspire Advisors LLC now owns 6,677 shares of the retailer's stock worth $539,000 after buying an additional 137 shares in the last quarter. Creative Financial Designs Inc. ADV lifted its stake in shares of Walmart by 2.0% in the third quarter. Creative Financial Designs Inc. ADV now owns 6,987 shares of the retailer's stock worth $564,000 after buying an additional 137 shares in the last quarter. Finally, Trust Co of the South lifted its stake in shares of Walmart by 0.5% in the third quarter. Trust Co of the South now owns 25,647 shares of the retailer's stock worth $2,071,000 after buying an additional 138 shares in the last quarter. Institutional investors own 26.76% of the company's stock.

Walmart Trading Down 0.3 %

Shares of WMT traded down $0.24 during midday trading on Wednesday, hitting $83.44. The stock had a trading volume of 19,968,276 shares, compared to its average volume of 16,807,377. Walmart Inc. has a 1 year low of $49.85 and a 1 year high of $85.54. The firm has a market cap of $670.71 billion, a PE ratio of 43.68, a price-to-earnings-growth ratio of 4.13 and a beta of 0.51. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.80 and a quick ratio of 0.22. The stock's 50 day moving average is $80.08 and its 200 day moving average is $71.58.

Walmart (NYSE:WMT - Get Free Report) last announced its earnings results on Thursday, August 15th. The retailer reported $0.67 earnings per share 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 business had revenue of $169.30 billion for the quarter, compared to the consensus estimate of $168.56 billion. During the same quarter in the prior year, the firm posted $0.61 earnings per share. The business's revenue for the quarter was up 4.7% on a year-over-year basis. As a group, analysts forecast that Walmart Inc. will post 2.44 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts have commented on WMT shares. StockNews.com raised shares of Walmart from a "buy" rating to a "strong-buy" rating in a report on Friday, August 16th. Evercore ISI upped their target price on shares of Walmart from $82.00 to $85.00 and gave the company an "outperform" rating in a report on Tuesday, October 22nd. BMO Capital Markets reaffirmed an "outperform" rating and set a $80.00 target price on shares of Walmart in a report on Friday, August 16th. Oppenheimer upped their target price on shares of Walmart from $81.00 to $90.00 and gave the company an "outperform" rating in a report on Monday, October 14th. Finally, Tigress Financial upped their target price on shares of Walmart from $75.00 to $86.00 and gave the company a "buy" rating in a report on Tuesday, July 23rd. One analyst has rated the stock with a hold rating, twenty-nine have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Buy" and an average target price of $83.89.

Insider Activity

In other news, EVP John D. Rainey sold 3,000 shares of the stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $77.48, for a total value of $232,440.00. Following the sale, the executive vice president now owns 384,165 shares of the company's stock, valued at approximately $29,765,104.20. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In related news, EVP John D. Rainey sold 3,000 shares of the firm's stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $77.48, for a total value of $232,440.00. Following the transaction, the executive vice president now owns 384,165 shares of the company's stock, valued at $29,765,104.20. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, 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 stock was sold at an average price of $80.76, for a total transaction of $166,607.88. Following the completion of the transaction, the executive vice president now directly owns 459,558 shares in the company, valued at $37,113,904.08. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 12,337,337 shares of company stock valued at $958,823,647. 45.58% of the stock is currently owned by company insiders.

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.