Walmart Inc. (NYSE:WMT) Shares Sold by Fred Alger Management LLC

Fred Alger Management LLC cut its stake in shares of Walmart Inc. (NYSE:WMT - Free Report) by 49.8% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 326,804 shares of the retailer's stock after selling 324,072 shares during the period. Fred Alger Management LLC's holdings in Walmart were worth $26,389,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also modified their holdings of WMT. Captrust Financial Advisors boosted its stake in shares of Walmart by 4.0% during the 3rd quarter. Captrust Financial Advisors now owns 1,027,052 shares of the retailer's stock worth $82,934,000 after purchasing an additional 39,095 shares during the period. Kingfisher Capital LLC lifted its stake in Walmart by 1.2% in the third quarter. Kingfisher Capital LLC now owns 24,342 shares of the retailer's stock worth $1,966,000 after purchasing an additional 278 shares during the last quarter. Infusive Asset Management Inc. boosted its position in shares of Walmart by 234.3% during the third quarter. Infusive Asset Management Inc. now owns 94,561 shares of the retailer's stock valued at $7,636,000 after buying an additional 66,275 shares during the period. Icon Wealth Advisors LLC grew its stake in shares of Walmart by 5.2% during the third quarter. Icon Wealth Advisors LLC now owns 18,054 shares of the retailer's stock valued at $1,458,000 after buying an additional 885 shares during the last quarter. Finally, Skye Global Management LP raised its holdings in shares of Walmart by 252.5% in the third quarter. Skye Global Management LP now owns 104,000 shares of the retailer's stock worth $8,398,000 after buying an additional 74,500 shares during the period. 26.76% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several brokerages have commented on WMT. Citigroup upped their price objective on Walmart from $75.00 to $98.00 and gave the company a "buy" rating in a research report on Friday, September 27th. Roth Mkm raised their price target on shares of Walmart from $81.00 to $97.00 and gave the stock a "buy" rating in a research note on Wednesday, November 20th. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Walmart from $77.00 to $83.00 and gave the company a "buy" rating in a report on Friday, August 16th. Robert W. Baird upped their target price on shares of Walmart from $90.00 to $100.00 and gave the stock an "outperform" rating in a research note on Wednesday, November 20th. Finally, Jefferies Financial Group lifted their price target on shares of Walmart from $90.00 to $100.00 and gave the company a "buy" rating in a research note on Friday, November 15th. Two analysts have rated the stock with a hold rating, twenty-nine have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $91.88.

Walmart Stock Performance

Shares of Walmart stock traded up $0.62 during midday trading on Friday, hitting $92.50. The company had a trading volume of 11,041,178 shares, compared to its average volume of 16,469,282. The company has a fifty day simple moving average of $83.35 and a 200 day simple moving average of $74.93. The stock has a market cap of $743.54 billion, a price-to-earnings ratio of 37.96, a PEG ratio of 4.36 and a beta of 0.51. The company has a quick ratio of 0.23, a current ratio of 0.85 and a debt-to-equity ratio of 0.56. Walmart Inc. has a 12-month low of $49.85 and a 12-month high of $92.64.

Walmart (NYSE:WMT - Get Free Report) last posted its quarterly earnings results on Tuesday, November 19th. The retailer reported $0.58 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.53 by $0.05. The business had revenue of $169.59 billion during the quarter, compared to analysts' expectations of $167.69 billion. Walmart had a net margin of 2.92% and a return on equity of 21.78%. The business's quarterly revenue was up 5.5% on a year-over-year basis. During the same quarter last year, the company posted $0.51 earnings per share. As a group, analysts predict that Walmart Inc. will post 2.47 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Walmart news, EVP John R. Furner sold 13,125 shares of Walmart stock in a transaction dated Wednesday, November 27th. The stock was sold at an average price of $92.00, for a total transaction of $1,207,500.00. Following the completion of the transaction, the executive vice president now owns 579,915 shares in the company, valued at approximately $53,352,180. This trade represents a 2.21 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, major shareholder Alice L. Walton sold 2,709,163 shares of the company'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 completion of the sale, the insider now owns 630,501,148 shares in the company, valued at $48,781,873,820.76. The trade was a 0.43 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 12,385,186 shares of company stock valued at $963,206,365. 45.58% of the stock is owned by company insiders.

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.