Walmart Inc. (NYSE:WMT) Stake Lessened by Strategy Asset Managers LLC

Strategy Asset Managers LLC cut its stake in shares of Walmart Inc. (NYSE:WMT - Free Report) by 63.2% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 35,570 shares of the retailer's stock after selling 61,090 shares during the period. Strategy Asset Managers LLC's holdings in Walmart were worth $2,408,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in WMT. EntryPoint Capital LLC purchased a new position in shares of Walmart in the 1st quarter worth about $25,000. Northwest Capital Management Inc lifted its position in Walmart by 199.3% during the first quarter. Northwest Capital Management Inc now owns 440 shares of the retailer's stock valued at $26,000 after buying an additional 293 shares in the last quarter. TruNorth Capital Management LLC grew its stake in Walmart by 138.3% during the second quarter. TruNorth Capital Management LLC now owns 429 shares of the retailer's stock worth $29,000 after buying an additional 249 shares during the period. Cultivar Capital Inc. acquired a new stake in shares of Walmart in the second quarter worth $29,000. Finally, Partnership Wealth Management LLC acquired a new stake in shares of Walmart in the fourth quarter worth $30,000. 26.76% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Walmart

In other Walmart news, SVP David Chojnowski sold 8,791 shares of the stock in a transaction on Wednesday, June 26th. The stock was sold at an average price of $68.00, for a total value of $597,788.00. Following the sale, the senior vice president now directly owns 94,415 shares of the company's stock, valued at $6,420,220. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other Walmart news, SVP David Chojnowski sold 8,791 shares of the company's stock in a transaction dated Wednesday, June 26th. The shares were sold at an average price of $68.00, for a total value of $597,788.00. Following the completion of the transaction, the senior vice president now owns 94,415 shares in the company, valued at approximately $6,420,220. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP John D. Rainey sold 3,000 shares of the firm's stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $69.19, for a total transaction of $207,570.00. Following the completion of the sale, the executive vice president now owns 387,165 shares in the company, valued at approximately $26,787,946.35. The disclosure for this sale can be found here. Insiders sold 6,306,511 shares of company stock worth $420,470,807 in the last 90 days. 45.58% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of brokerages recently weighed in on WMT. KeyCorp upped their price target on shares of Walmart from $75.00 to $82.00 and gave the stock an "overweight" rating in a research report on Wednesday, July 17th. Guggenheim increased their target price on Walmart from $75.00 to $81.00 and gave the company a "buy" rating in a research note on Friday, August 16th. Tigress Financial boosted their price target on Walmart from $75.00 to $86.00 and gave the stock a "buy" rating in a research report on Tuesday, July 23rd. Evercore ISI upped their price target on Walmart from $78.00 to $80.00 and gave the stock an "outperform" rating in a report on Thursday, August 22nd. Finally, The Goldman Sachs Group lifted their price objective 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. Two equities research analysts have rated the stock with a hold rating, twenty-six have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, Walmart presently has a consensus rating of "Moderate Buy" and an average price target of $78.99.

Walmart Stock Performance

Shares of NYSE WMT traded up $0.07 during midday trading on Wednesday, hitting $77.24. The company's stock had a trading volume of 17,989,964 shares, compared to its average volume of 17,454,119. The firm has a market cap of $621.28 billion, a P/E ratio of 33.06, a P/E/G ratio of 3.87 and a beta of 0.51. Walmart Inc. has a 1-year low of $49.85 and a 1-year high of $77.81. The firm's fifty day moving average price is $71.09 and its 200-day moving average price is $65.16. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.22 and a current ratio of 0.80.

Walmart (NYSE:WMT - Get Free Report) last issued its earnings results on Thursday, August 15th. The retailer reported $0.67 EPS for the quarter, beating analysts' consensus estimates of $0.65 by $0.02. The company had revenue of $169.30 billion during the quarter, compared to the consensus estimate of $168.56 billion. Walmart had a return on equity of 21.72% and a net margin of 2.34%. Walmart's quarterly revenue was up 4.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.61 earnings per share. On average, sell-side analysts forecast that Walmart Inc. will post 2.44 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.