Letko Brosseau & Associates Inc. Cuts Holdings in Walmart Inc. (NYSE:WMT)

Letko Brosseau & Associates Inc. trimmed its stake in shares of Walmart Inc. (NYSE:WMT - Free Report) by 4.7% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 1,000,086 shares of the retailer's stock after selling 49,219 shares during the quarter. Letko Brosseau & Associates Inc.'s holdings in Walmart were worth $67,716,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in WMT. Aveo Capital Partners LLC boosted its holdings in Walmart by 4.8% during the 4th quarter. Aveo Capital Partners LLC now owns 4,330 shares of the retailer's stock valued at $683,000 after acquiring an additional 197 shares during the period. 9258 Wealth Management LLC lifted its stake in Walmart by 1.8% in the fourth quarter. 9258 Wealth Management LLC now owns 12,972 shares of the retailer's stock worth $2,045,000 after acquiring an additional 235 shares during the period. Gryphon Financial Partners LLC boosted its holdings in Walmart by 58.3% in the fourth quarter. Gryphon Financial Partners LLC now owns 6,631 shares of the retailer's stock valued at $1,033,000 after acquiring an additional 2,443 shares in the last quarter. Versor Investments LP increased its position in Walmart by 6.3% during the 4th quarter. Versor Investments LP now owns 3,710 shares of the retailer's stock valued at $585,000 after purchasing an additional 220 shares during the period. Finally, Rossmore Private Capital raised its holdings in Walmart by 0.3% in the 4th quarter. Rossmore Private Capital now owns 20,504 shares of the retailer's stock worth $3,232,000 after purchasing an additional 65 shares in the last quarter. Institutional investors own 26.76% of the company's stock.

Walmart Stock Performance

Shares of WMT traded down $0.32 during mid-day trading on Friday, hitting $76.64. 14,548,588 shares of the company traded hands, compared to its average volume of 17,411,770. Walmart Inc. has a 1 year low of $49.85 and a 1 year high of $77.81. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.22 and a current ratio of 0.80. The stock has a 50-day moving average price of $71.45 and a two-hundred day moving average price of $65.38. The stock has a market cap of $616.05 billion, a price-to-earnings ratio of 32.80, a P/E/G ratio of 3.87 and a beta of 0.51.

Walmart (NYSE:WMT - Get Free Report) last released its quarterly 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. The firm had revenue of $169.30 billion for the quarter, compared to analysts' expectations of $168.56 billion. Walmart had a return on equity of 21.72% and a net margin of 2.34%. The company's revenue was up 4.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.61 EPS. Equities analysts anticipate that Walmart Inc. will post 2.44 earnings per share for the current year.

Insider Buying and Selling

In other Walmart news, major shareholder S Robson Walton sold 1,244,347 shares of the company's stock in a transaction dated Friday, June 14th. The stock was sold at an average price of $66.63, for a total value of $82,910,840.61. Following the completion of the sale, the insider now owns 633,518,311 shares in the company, valued at $42,211,325,061.93. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In related news, EVP John D. Rainey sold 3,000 shares of the company's 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 completion of the transaction, the executive vice president now owns 384,165 shares of the company's stock, valued at approximately $29,765,104.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, major shareholder S Robson Walton sold 1,244,347 shares of the stock in a transaction on Friday, June 14th. The stock was sold at an average price of $66.63, for a total value of $82,910,840.61. Following the completion of the sale, the insider now owns 633,518,311 shares of the company's stock, valued at approximately $42,211,325,061.93. The disclosure for this sale can be found here. In the last three months, insiders have sold 10,144,237 shares of company stock valued at $730,497,016. 45.58% of the stock is owned by company insiders.

Analysts Set New Price Targets

WMT has been the topic of a number of research reports. Telsey Advisory Group lifted their target price on shares of Walmart from $75.00 to $82.00 and gave the company an "outperform" rating in a research note on Friday, August 16th. BMO Capital Markets reiterated an "outperform" rating and set a $80.00 target price on shares of Walmart in a report on Friday, August 16th. Roth Mkm raised their target price on Walmart from $71.00 to $81.00 and gave the company a "buy" rating in a research note on Friday, August 16th. DA Davidson upped their price target on Walmart from $75.00 to $85.00 and gave the stock a "buy" rating in a research note on Friday, August 16th. Finally, HSBC raised their price objective on Walmart from $70.00 to $81.00 and gave the company a "buy" rating in a research report on Tuesday, June 11th. Two analysts have rated the stock with a hold rating, twenty-six have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $78.99.

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.