Oppenheimer & Co. Inc. Has $38.33 Million Position in Walmart Inc. (NYSE:WMT)

Oppenheimer & Co. Inc. cut its stake in Walmart Inc. (NYSE:WMT - Free Report) by 5.4% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 474,677 shares of the retailer's stock after selling 27,078 shares during the period. Walmart accounts for about 0.6% of Oppenheimer & Co. Inc.'s investment portfolio, making the stock its 20th biggest position. Oppenheimer & Co. Inc.'s holdings in Walmart were worth $38,330,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently modified their holdings of WMT. Angeles Investment Advisors LLC raised its position in Walmart by 4.8% in the 3rd quarter. Angeles Investment Advisors LLC now owns 10,191 shares of the retailer's stock worth $823,000 after purchasing an additional 466 shares during the last quarter. Pinnacle Financial Partners Inc increased its stake in shares of Walmart by 1.8% in the 3rd quarter. Pinnacle Financial Partners Inc now owns 142,888 shares of the retailer's stock valued at $11,538,000 after buying an additional 2,512 shares during the period. MQS Management LLC bought a new stake in shares of Walmart during the third quarter worth $492,000. Simmons Bank lifted its stake in shares of Walmart by 4.5% during the third quarter. Simmons Bank now owns 256,537 shares of the retailer's stock valued at $20,715,000 after acquiring an additional 11,076 shares during the period. Finally, Haverford Trust Co boosted its holdings in Walmart by 6.2% in the third quarter. Haverford Trust Co now owns 80,476 shares of the retailer's stock valued at $6,498,000 after acquiring an additional 4,691 shares during the last quarter. 26.76% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, EVP John D. Rainey sold 3,000 shares of the firm's stock in a transaction on Friday, November 1st. The shares were sold at an average price of $82.12, for a total value of $246,360.00. Following the completion of the transaction, the executive vice president now directly owns 378,165 shares of the company's stock, valued at approximately $31,054,909.80. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, EVP John D. Rainey sold 3,000 shares of Walmart stock in a transaction that occurred on Friday, November 1st. The stock was sold at an average price of $82.12, for a total transaction of $246,360.00. Following the completion of the transaction, the executive vice president now directly owns 378,165 shares in the company, valued at approximately $31,054,909.80. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, major shareholder Alice L. Walton sold 2,709,163 shares of the stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $77.37, for a total value of $209,607,941.31. Following the completion of the sale, the insider now owns 630,501,148 shares in the company, valued at approximately $48,781,873,820.76. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 12,337,337 shares of company stock worth $958,823,647. Corporate insiders own 45.58% of the company's stock.

Wall Street Analyst Weigh In

Several analysts have weighed in on WMT shares. Tigress Financial boosted their price objective on Walmart from $75.00 to $86.00 and gave the stock a "buy" rating in a report on Tuesday, July 23rd. Bank of America boosted their price target on shares of Walmart from $75.00 to $85.00 and gave the stock a "buy" rating in a research note on Friday, August 16th. UBS Group increased their price objective on shares of Walmart from $81.00 to $92.00 and gave the company a "buy" rating in a report on Friday, October 11th. Melius Research initiated coverage on shares of Walmart in a report on Monday, September 23rd. They set a "buy" rating and a $95.00 target price for the company. Finally, Guggenheim increased their price target on Walmart from $81.00 to $90.00 and gave the company a "buy" rating in a research note on Monday, October 28th. One equities research analyst has rated the stock with a hold rating, twenty-nine have assigned a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, Walmart presently has a consensus rating of "Buy" and an average target price of $84.15.

Walmart Stock Up 0.6 %

Shares of NYSE:WMT traded up $0.55 during mid-day trading on Wednesday, reaching $85.54. 12,798,886 shares of the stock were exchanged, compared to its average volume of 16,713,053. The stock's 50 day simple moving average is $80.82 and its 200-day simple moving average is $72.44. Walmart Inc. has a one year low of $49.85 and a one year high of $85.79. The company has a market cap of $687.59 billion, a P/E ratio of 44.47, a P/E/G ratio of 4.25 and a beta of 0.51. The company has a quick ratio of 0.22, a current ratio of 0.80 and a debt-to-equity ratio of 0.46.

Walmart (NYSE:WMT - Get Free Report) last issued its quarterly earnings results on Thursday, August 15th. The retailer reported $0.67 earnings per share for the quarter, topping the consensus estimate of $0.65 by $0.02. Walmart had a net margin of 2.34% and a return on equity of 21.72%. The company had revenue of $169.30 billion during the quarter, compared to analysts' expectations of $168.56 billion. During the same period last year, the business earned $0.61 EPS. The business's quarterly revenue was up 4.7% on a year-over-year basis. As a group, equities research analysts predict that Walmart Inc. will post 2.44 EPS for the current year.

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.