Walmart Inc. (NYSE:WMT) Shares Sold by Connor Clark & Lunn Investment Management Ltd.

Connor Clark & Lunn Investment Management Ltd. trimmed its holdings in shares of Walmart Inc. (NYSE:WMT - Free Report) by 17.1% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 304,401 shares of the retailer's stock after selling 62,926 shares during the quarter. Connor Clark & Lunn Investment Management Ltd.'s holdings in Walmart were worth $24,580,000 as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. EntryPoint Capital LLC acquired a new stake in shares of Walmart in the 1st quarter valued at approximately $25,000. Peterson Financial Group Inc. acquired a new stake in Walmart during the 3rd quarter worth approximately $26,000. TruNorth Capital Management LLC lifted its position in shares of 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 purchasing an additional 249 shares during the period. Cultivar Capital Inc. acquired a new position in shares of Walmart in the 2nd quarter worth approximately $29,000. Finally, FSA Wealth Management LLC increased its stake in shares of Walmart by 253.0% in the 1st quarter. FSA Wealth Management LLC now owns 526 shares of the retailer's stock valued at $32,000 after acquiring an additional 377 shares in the last quarter. 26.76% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Walmart news, EVP John D. Rainey sold 3,000 shares of the company's stock in a transaction that occurred on Friday, November 1st. The stock was sold at an average price of $82.12, for a total transaction of $246,360.00. Following the transaction, the executive vice president now owns 378,165 shares in the company, valued at approximately $31,054,909.80. This represents a 0.79 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP John R. Furner sold 13,125 shares of Walmart stock in a transaction that occurred on Thursday, October 24th. The stock was sold at an average price of $82.96, for a total transaction of $1,088,850.00. Following the completion of the sale, the executive vice president now directly owns 593,040 shares of the company's stock, valued at approximately $49,198,598.40. This trade represents a 2.17 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 12,337,337 shares of company stock valued at $958,823,647 over the last ninety days. 45.58% of the stock is currently owned by insiders.

Walmart Price Performance

WMT stock traded up $0.72 during midday trading on Thursday, reaching $87.90. The company had a trading volume of 3,296,624 shares, compared to its average volume of 16,783,594. The company has a debt-to-equity ratio of 0.56, a current ratio of 0.85 and a quick ratio of 0.22. Walmart Inc. has a 1-year low of $49.85 and a 1-year high of $88.29. The company has a market capitalization of $706.56 billion, a price-to-earnings ratio of 35.78, a price-to-earnings-growth ratio of 4.33 and a beta of 0.51. The stock has a 50 day moving average price of $81.75 and a 200-day moving average price of $73.43.

Walmart (NYSE:WMT - Get Free Report) last posted its quarterly earnings data on Tuesday, November 19th. The retailer reported $0.58 earnings per share for the quarter, topping the consensus estimate of $0.53 by $0.05. The firm had revenue of $169.59 billion during the quarter, compared to analyst estimates of $167.69 billion. Walmart had a return on equity of 21.78% and a net margin of 2.92%. The business's quarterly revenue was up 5.5% on a year-over-year basis. During the same period last year, the company posted $0.51 EPS. Equities research analysts expect that Walmart Inc. will post 2.43 earnings per share for the current year.

Analysts Set New Price Targets

Several analysts have recently weighed in on WMT shares. StockNews.com lowered shares of Walmart from a "strong-buy" rating to a "buy" rating in a research note on Wednesday. Evercore ISI upped their price objective on shares of Walmart from $66.00 to $89.00 and gave the company an "overweight" rating in a report on Monday. Guggenheim upped their price target on Walmart from $90.00 to $100.00 and gave the company a "buy" rating in a research report on Wednesday. Wells Fargo & Company upped their price objective on shares of Walmart from $90.00 to $96.00 and gave the stock an "overweight" rating in a research report on Wednesday. Finally, Melius Research started coverage on shares of Walmart in a research report on Monday, September 23rd. They set a "buy" rating and a $95.00 price target on the stock. Two equities research analysts have rated the stock with a hold rating, twenty-nine have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Walmart has a consensus rating of "Moderate Buy" and a consensus price target of $91.49.

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.