Montrusco Bolton Investments Inc. Has $47.47 Million Holdings in Walmart Inc. (NYSE:WMT)

Montrusco Bolton Investments Inc. trimmed its stake in shares of Walmart Inc. (NYSE:WMT - Free Report) by 7.5% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 587,843 shares of the retailer's stock after selling 47,510 shares during the period. Walmart comprises about 0.5% of Montrusco Bolton Investments Inc.'s portfolio, making the stock its 28th largest position. Montrusco Bolton Investments Inc.'s holdings in Walmart were worth $47,468,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in the stock. EntryPoint Capital LLC acquired a new stake in shares of Walmart in the first quarter valued at approximately $25,000. Peterson Financial Group Inc. acquired a new position in shares of Walmart during the 3rd quarter worth about $26,000. TruNorth Capital Management LLC increased 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 acquiring an additional 249 shares during the last quarter. Cultivar Capital Inc. acquired a new stake in shares of Walmart in the second quarter valued at about $29,000. Finally, FSA Wealth Management LLC boosted its position in Walmart by 253.0% during the first quarter. FSA Wealth Management LLC now owns 526 shares of the retailer's stock valued at $32,000 after purchasing an additional 377 shares during the last quarter. 26.76% of the stock is owned by institutional investors.

Insider Activity at Walmart

In related news, major shareholder S Robson Walton sold 4,057,369 shares of the stock in a transaction that occurred on Monday, September 9th. The shares were sold at an average price of $77.20, for a total value of $313,228,886.80. Following the completion of the transaction, the insider now owns 611,988,318 shares of the company's stock, valued at $47,245,498,149.60. This represents a 0.66 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO C Douglas Mcmillon sold 29,124 shares of the business's stock in a transaction on Thursday, September 26th. The stock was sold at an average price of $80.64, for a total transaction of $2,348,559.36. Following the sale, the chief executive officer now directly owns 3,873,053 shares in the company, valued at approximately $312,322,993.92. The trade was a 0.75 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 12,337,337 shares of company stock valued at $958,823,647 over the last ninety days. 45.58% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on WMT shares. Roth Mkm boosted their target price on shares of Walmart from $81.00 to $97.00 and gave the stock a "buy" rating in a report on Wednesday. Redburn Atlantic upgraded shares of Walmart to a "strong-buy" rating in a research note on Monday, September 23rd. UBS Group raised their target price on shares of Walmart from $92.00 to $100.00 and gave the company a "buy" rating in a research note on Wednesday. Morgan Stanley boosted their price target on Walmart from $89.00 to $100.00 and gave the stock an "overweight" rating in a research report on Wednesday. Finally, Barclays upped their price objective on Walmart from $78.00 to $90.00 and gave the company an "overweight" rating in a research note on Friday. Two investment analysts have rated the stock with a hold rating, twenty-nine have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $91.88.

Walmart Price Performance

Shares of Walmart stock traded up $2.05 on Friday, reaching $90.44. 23,990,645 shares of the stock were exchanged, compared to its average volume of 15,037,011. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.22 and a current ratio of 0.85. The firm has a market cap of $726.98 billion, a PE ratio of 37.07, a P/E/G ratio of 4.20 and a beta of 0.51. The firm's 50 day moving average is $82.12 and its 200-day moving average is $73.84. Walmart Inc. has a one year low of $49.85 and a one year high of $90.91.

Walmart (NYSE:WMT - Get Free Report) last released its earnings results 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. Walmart had a return on equity of 21.78% and a net margin of 2.92%. The firm had revenue of $169.59 billion during the quarter, compared to analysts' expectations of $167.69 billion. During the same period in the prior year, the company earned $0.51 earnings per share. The company's quarterly revenue was up 5.5% on a year-over-year basis. As a group, analysts anticipate that Walmart Inc. will post 2.47 EPS for the current fiscal year.

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.