IRON Financial LLC Lowers Holdings in Walmart Inc. (NYSE:WMT)

IRON Financial LLC reduced its holdings in shares of Walmart Inc. (NYSE:WMT - Free Report) by 71.9% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 4,347 shares of the retailer's stock after selling 11,119 shares during the period. IRON Financial LLC's holdings in Walmart were worth $351,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the business. Investment Advisory Group LLC lifted its position in Walmart by 2.1% in the 3rd quarter. Investment Advisory Group LLC now owns 6,182 shares of the retailer's stock valued at $499,000 after acquiring an additional 126 shares in the last quarter. Professional Financial Advisors LLC increased its stake in shares of Walmart by 0.6% during the 3rd quarter. Professional Financial Advisors LLC now owns 21,839 shares of the retailer's stock worth $1,763,000 after purchasing an additional 137 shares during the last quarter. Inspire Advisors LLC boosted its holdings in shares of Walmart by 2.1% in the third quarter. Inspire Advisors LLC now owns 6,677 shares of the retailer's stock worth $539,000 after acquiring an additional 137 shares during the period. Trust Co of the South grew its holdings in Walmart by 0.5% during the 3rd quarter. Trust Co of the South now owns 25,647 shares of the retailer's stock valued at $2,071,000 after buying an additional 138 shares in the last quarter. Finally, LVZ Inc. increased its holdings in Walmart by 1.9% during the 2nd quarter. LVZ Inc. now owns 7,824 shares of the retailer's stock worth $530,000 after acquiring an additional 143 shares during the period. 26.76% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, major shareholder S Robson Walton sold 4,057,369 shares of Walmart stock in a transaction that occurred on Monday, September 9th. The stock was 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 in the company, valued at approximately $47,245,498,149.60. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, major shareholder S Robson Walton sold 4,057,369 shares of Walmart stock in a transaction that occurred on Monday, September 9th. The stock was 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 in the company, valued at approximately $47,245,498,149.60. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO C Douglas Mcmillon sold 29,124 shares of the business's stock in a transaction on Thursday, October 24th. The shares were sold at an average price of $82.79, for a total value of $2,411,175.96. Following the transaction, the chief executive officer now owns 3,843,929 shares of the company's stock, valued at approximately $318,238,881.91. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 12,334,337 shares of company stock valued at $958,577,287 in the last quarter. 45.58% of the stock is currently owned by insiders.

Walmart Price Performance

WMT traded up $0.57 on Thursday, hitting $81.96. 15,532,142 shares of the company's stock traded hands, compared to its average volume of 16,868,305. The company's 50 day simple moving average is $79.67 and its 200-day simple moving average is $70.94. The firm has a market cap of $658.82 billion, a price-to-earnings ratio of 42.69, a P/E/G ratio of 4.13 and a beta of 0.51. Walmart Inc. has a one year low of $49.85 and a one year high of $83.34. The company has a current ratio of 0.80, a quick ratio of 0.22 and a debt-to-equity ratio of 0.46.

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

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on WMT shares. Morgan Stanley upped their target price on shares of Walmart from $75.00 to $82.00 and gave the stock an "overweight" rating in a research report on Friday, August 16th. StockNews.com raised Walmart from a "buy" rating to a "strong-buy" rating in a research note on Friday, August 16th. Telsey Advisory Group upped their target price on Walmart from $82.00 to $92.00 and gave the company an "outperform" rating in a report on Tuesday, October 8th. KeyCorp upped their target price on Walmart from $86.00 to $87.00 and gave the company an "overweight" rating in a report on Monday. Finally, UBS Group increased their price objective on Walmart from $81.00 to $92.00 and gave the stock a "buy" rating in a report on Friday, October 11th. One research analyst has rated the stock with a hold rating, twenty-nine have assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, Walmart presently has a consensus rating of "Buy" and a consensus price target of $83.89.

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.