Walmart Inc (NYSE:WMT) Shares Sold by Destination Wealth Management

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Destination Wealth Management trimmed its stake in shares of Walmart Inc (NYSE:WMT) by 0.4% in the first quarter, Holdings Channel reports. The fund owned 125,568 shares of the retailer’s stock after selling 483 shares during the period. Destination Wealth Management’s holdings in Walmart were worth $14,267,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently bought and sold shares of the business. Arthur M. Cohen & Associates LLC lifted its position in Walmart by 0.8% during the 1st quarter. Arthur M. Cohen & Associates LLC now owns 10,153 shares of the retailer’s stock worth $1,113,000 after acquiring an additional 80 shares during the period. PBMares Wealth Management LLC raised its stake in shares of Walmart by 1.2% during the 1st quarter. PBMares Wealth Management LLC now owns 6,880 shares of the retailer’s stock worth $782,000 after buying an additional 83 shares in the last quarter. New England Professional Planning Group Inc. raised its stake in shares of Walmart by 3.6% during the 1st quarter. New England Professional Planning Group Inc. now owns 2,389 shares of the retailer’s stock worth $296,000 after buying an additional 83 shares in the last quarter. United Bank raised its stake in shares of Walmart by 3.3% during the 1st quarter. United Bank now owns 2,621 shares of the retailer’s stock worth $298,000 after buying an additional 83 shares in the last quarter. Finally, Sage Rhino Capital LLC raised its stake in shares of Walmart by 4.4% during the 1st quarter. Sage Rhino Capital LLC now owns 1,984 shares of the retailer’s stock worth $225,000 after buying an additional 84 shares in the last quarter. 29.97% of the stock is owned by institutional investors.

In other news, EVP Kathryn J. Mclay sold 7,324 shares of the business’s stock in a transaction that occurred on Thursday, May 21st. The stock was sold at an average price of $126.00, for a total transaction of $922,824.00. Following the completion of the transaction, the executive vice president now directly owns 51,526 shares in the company, valued at $6,492,276. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Marc E. Lore sold 85,000 shares of the business’s stock in a transaction that occurred on Wednesday, April 15th. The stock was sold at an average price of $128.52, for a total value of $10,924,200.00. Following the transaction, the executive vice president now owns 2,387,965 shares of the company’s stock, valued at $306,901,261.80. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 262,324 shares of company stock valued at $32,286,124. Insiders own 50.22% of the company’s stock.

A number of brokerages have recently issued reports on WMT. Guggenheim increased their target price on Walmart from $135.00 to $140.00 and gave the stock a “buy” rating in a research note on Wednesday, May 20th. Nomura Securities reaffirmed a “buy” rating and issued a $131.00 price objective on shares of Walmart in a research note on Monday, March 23rd. Stifel Nicolaus raised their price target on Walmart from $117.00 to $125.00 and gave the stock a “hold” rating in a research report on Wednesday, May 20th. Morgan Stanley raised their price target on Walmart from $135.00 to $140.00 and gave the stock an “overweight” rating in a research report on Thursday, May 21st. Finally, Nomura raised their price objective on Walmart from $131.00 to $139.00 in a report on Wednesday, May 20th. Two analysts have rated the stock with a sell rating, eleven have given a hold rating and twenty-three have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $132.03.

WMT stock traded down $0.08 during midday trading on Monday, reaching $123.98. The company had a trading volume of 267,412 shares, compared to its average volume of 8,828,699. The company has a quick ratio of 0.27, a current ratio of 0.77 and a debt-to-equity ratio of 0.85. The stock has a 50 day moving average price of $125.58 and a 200 day moving average price of $119.18. The firm has a market capitalization of $351.55 billion, a PE ratio of 23.53, a P/E/G ratio of 5.08 and a beta of 0.30. Walmart Inc has a fifty-two week low of $100.60 and a fifty-two week high of $133.38.

Walmart (NYSE:WMT) last issued its quarterly earnings data on Tuesday, May 19th. The retailer reported $1.18 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.12 by $0.06. The business had revenue of $134.62 billion during the quarter, compared to the consensus estimate of $130.91 billion. Walmart had a return on equity of 18.33% and a net margin of 2.81%. The business’s revenue was up 9.5% on a year-over-year basis. During the same period in the previous year, the firm posted $1.13 earnings per share. Research analysts predict that Walmart Inc will post 4.93 EPS for the current year.

Walmart Company Profile

Walmart Inc engages in the retail and wholesale operations in various formats 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, discount stores, drugstores, and convenience stores; membership-only warehouse clubs; e-commerce Websites, such as walmart.com, jet.com, shoes.com, and samsclub.com; and mobile commerce applications.

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Institutional Ownership by Quarter for Walmart (NYSE:WMT)

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