Sawyer & Company Inc Decreases Position in Walmart Inc. (NYSE:WMT)

by · The Markets Daily

Sawyer & Company Inc cut its stake in Walmart Inc. (NYSE:WMT – Free Report) by 9.0% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,001 shares of the retailer’s stock after selling 495 shares during the quarter. Sawyer & Company Inc’s holdings in Walmart were worth $404,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of WMT. EntryPoint Capital LLC purchased a new position in Walmart in the 1st quarter worth approximately $25,000. Northwest Capital Management Inc lifted its stake in Walmart by 199.3% in the 1st quarter. Northwest Capital Management Inc now owns 440 shares of the retailer’s stock worth $26,000 after purchasing an additional 293 shares in the last quarter. TruNorth Capital Management LLC lifted its stake in Walmart by 138.3% in the 2nd quarter. TruNorth Capital Management LLC now owns 429 shares of the retailer’s stock worth $29,000 after purchasing an additional 249 shares in the last quarter. Cultivar Capital Inc. purchased a new position in Walmart in the 2nd quarter worth approximately $29,000. Finally, Able Wealth Management LLC purchased a new position in Walmart in the 4th quarter worth approximately $30,000. 26.76% of the stock is owned by hedge funds and other institutional investors.

Walmart Stock Performance

Shares of Walmart stock traded up $0.49 on Friday, reaching $80.10. 9,570,734 shares of the stock were exchanged, compared to its average volume of 16,313,674. Walmart Inc. has a 1-year low of $49.85 and a 1-year high of $81.60. 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 business has a fifty day moving average price of $76.55 and a two-hundred day moving average price of $68.88. The firm has a market capitalization of $643.86 billion, a PE ratio of 41.65, a PEG ratio of 3.99 and a beta of 0.51.

Walmart (NYSE:WMT – Get Free Report) last issued its 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 for the quarter, compared to analyst estimates of $168.56 billion. During the same period in the prior year, the business posted $0.61 earnings per share. The firm’s revenue for the quarter was up 4.7% compared to the same quarter last year. As a group, research analysts anticipate that Walmart Inc. will post 2.44 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts have weighed in on WMT shares. The Goldman Sachs Group raised their target price on shares of Walmart from $73.00 to $81.00 and gave the stock a “buy” rating in a research note on Friday, August 16th. Citigroup raised their price target on shares of Walmart from $75.00 to $98.00 and gave the stock a “buy” rating in a report on Friday, September 27th. Barclays raised their price target on shares of Walmart from $66.00 to $78.00 and gave the stock an “overweight” rating in a report on Friday, August 16th. DA Davidson raised their price target on shares of Walmart from $75.00 to $85.00 and gave the stock a “buy” rating in a report on Friday, August 16th. Finally, JPMorgan Chase & Co. raised their price target on shares of Walmart from $81.00 to $83.00 and gave the stock an “overweight” rating in a report on Friday, August 16th. One analyst has rated the stock with a hold rating, twenty-eight have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of $82.32.

Get Our Latest Report on WMT

Insiders Place Their Bets

In other Walmart news, EVP John D. Rainey sold 3,000 shares of the company’s stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $69.19, for a total value of $207,570.00. Following the sale, the executive vice president now owns 387,165 shares of the company’s stock, valued at $26,787,946.35. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, CEO C Douglas Mcmillon sold 29,124 shares of the company’s stock in a transaction that occurred on Thursday, July 25th. The shares were sold at an average price of $70.61, for a total transaction of $2,056,445.64. Following the transaction, the chief executive officer now owns 3,931,301 shares of the company’s stock, valued at approximately $277,589,163.61. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP John D. Rainey sold 3,000 shares of the company’s stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $69.19, for a total transaction of $207,570.00. Following the transaction, the executive vice president now directly owns 387,165 shares in the company, valued at $26,787,946.35. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 12,337,670 shares of company stock worth $958,267,937. 45.58% of the stock is owned by company insiders.

Walmart Company Profile

(Free Report)

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.

See Also

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