Strategic Blueprint LLC Lowers Stock Holdings in Walmart Inc. (NYSE:WMT)

Strategic Blueprint LLC lessened its holdings in shares of Walmart Inc. (NYSE:WMT - Free Report) by 18.1% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 99,552 shares of the retailer's stock after selling 21,996 shares during the period. Strategic Blueprint LLC's holdings in Walmart were worth $8,039,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the business. Vanguard Group Inc. lifted its stake in shares of Walmart by 199.4% during the first quarter. Vanguard Group Inc. now owns 411,745,334 shares of the retailer's stock worth $24,774,717,000 after buying an additional 274,229,968 shares during the period. Price T Rowe Associates Inc. MD grew its stake in Walmart by 181.0% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 56,861,234 shares of the retailer's stock valued at $3,421,342,000 after purchasing an additional 36,625,314 shares during the last quarter. Swiss National Bank increased its holdings in shares of Walmart by 187.4% in the first quarter. Swiss National Bank now owns 13,303,200 shares of the retailer's stock valued at $800,454,000 after purchasing an additional 8,674,100 shares during the period. Canada Pension Plan Investment Board raised its stake in shares of Walmart by 284.0% in the first quarter. Canada Pension Plan Investment Board now owns 11,122,273 shares of the retailer's stock worth $669,227,000 after purchasing an additional 8,225,552 shares during the last quarter. Finally, Sumitomo Mitsui Trust Holdings Inc. lifted its holdings in shares of Walmart by 184.1% during the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 12,567,533 shares of the retailer's stock worth $756,188,000 after purchasing an additional 8,144,393 shares during the period. Institutional investors and hedge funds own 26.76% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on WMT shares. Oppenheimer raised their price target on shares of Walmart from $81.00 to $90.00 and gave the stock an "outperform" rating in a research report on Monday, October 14th. Telsey Advisory Group raised their target price on shares of Walmart from $82.00 to $92.00 and gave the stock an "outperform" rating in a report on Tuesday, October 8th. Deutsche Bank Aktiengesellschaft upped their price target on shares of Walmart from $77.00 to $83.00 and gave the company a "buy" rating in a report on Friday, August 16th. BMO Capital Markets reiterated an "outperform" rating and set a $80.00 price objective on shares of Walmart in a research note on Friday, August 16th. Finally, Citigroup upped their target price on Walmart from $75.00 to $98.00 and gave the stock a "buy" rating in a research note on Friday, September 27th. One investment analyst has rated the stock with a hold rating, twenty-nine have issued a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the company has an average rating of "Buy" and an average price target of $83.83.

Walmart Price Performance

WMT stock traded down $1.03 during mid-day trading on Tuesday, reaching $81.72. The company's stock had a trading volume of 9,674,954 shares, compared to its average volume of 16,911,025. The company has a current ratio of 0.80, a quick ratio of 0.22 and a debt-to-equity ratio of 0.46. The company's 50 day moving average is $79.42 and its two-hundred day moving average is $70.78. Walmart Inc. has a fifty-two week low of $49.85 and a fifty-two week high of $83.34. The stock has a market cap of $656.89 billion, a PE ratio of 42.56, a P/E/G ratio of 4.13 and a beta of 0.51.

Walmart (NYSE:WMT - Get Free Report) last posted its quarterly earnings results on Thursday, August 15th. The retailer reported $0.67 EPS for the quarter, beating the consensus estimate of $0.65 by $0.02. The firm had revenue of $169.30 billion during 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 business's revenue for the quarter was up 4.7% on a year-over-year basis. During the same quarter last year, the firm earned $0.61 earnings per share. Equities research analysts expect that Walmart Inc. will post 2.44 EPS for the current year.

Insider Buying and Selling

In other 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 sale, the insider now owns 611,988,318 shares of the company's stock, valued at $47,245,498,149.60. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In other Walmart news, EVP John D. Rainey sold 3,000 shares of the stock in a transaction dated 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 transaction, the executive vice president now owns 387,165 shares of the company's stock, valued at $26,787,946.35. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, major shareholder S Robson Walton sold 4,057,369 shares of the business's stock in a transaction that occurred on Monday, September 9th. The shares were sold at an average price of $77.20, for a total transaction of $313,228,886.80. Following the completion of the sale, the insider now directly owns 611,988,318 shares in the company, valued at $47,245,498,149.60. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 12,337,337 shares of company stock worth $958,784,857. Insiders own 45.58% of the company's stock.

Walmart 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.