Wealth Enhancement & Preservation of GA LLC Reduces Stock Position in Walmart Inc (NYSE:WMT)

Wealth Enhancement & Preservation of GA LLC lowered its position in shares of Walmart Inc (NYSE:WMT) by 35.2% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 4,894 shares of the retailer’s stock after selling 2,664 shares during the period. Walmart comprises about 0.7% of Wealth Enhancement & Preservation of GA LLC’s investment portfolio, making the stock its 23rd biggest holding. Wealth Enhancement & Preservation of GA LLC’s holdings in Walmart were worth $552,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently made changes to their positions in WMT. AXA lifted its position in shares of Walmart by 32.0% in the 1st quarter. AXA now owns 341,251 shares of the retailer’s stock worth $38,773,000 after purchasing an additional 82,775 shares during the period. Nelson Van Denburg & Campbell Wealth Management Group LLC increased its stake in shares of Walmart by 88.3% in the 2nd quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 4,740 shares of the retailer’s stock worth $567,000 after acquiring an additional 2,223 shares in the last quarter. Colony Group LLC increased its stake in shares of Walmart by 36.3% in the 1st quarter. Colony Group LLC now owns 17,946 shares of the retailer’s stock worth $2,039,000 after acquiring an additional 4,778 shares in the last quarter. Gofen & Glossberg LLC IL increased its stake in Walmart by 24.3% during the 2nd quarter. Gofen & Glossberg LLC IL now owns 33,629 shares of the retailer’s stock valued at $4,028,000 after purchasing an additional 6,574 shares in the last quarter. Finally, Loomis Sayles & Co. L P increased its stake in Walmart by 340.1% during the 1st quarter. Loomis Sayles & Co. L P now owns 10,166 shares of the retailer’s stock valued at $1,155,000 after purchasing an additional 7,856 shares in the last quarter. 29.34% of the stock is owned by institutional investors and hedge funds.

In related news, SVP David Chojnowski sold 4,605 shares of the company’s stock in a transaction on Wednesday, August 19th. The shares were sold at an average price of $134.24, for a total value of $618,175.20. Following the completion of the sale, the senior vice president now owns 30,620 shares in the company, valued at approximately $4,110,428.80. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, EVP Marc E. Lore sold 85,000 shares of the company’s stock in a transaction on Thursday, September 10th. The shares were sold at an average price of $138.54, for a total transaction of $11,775,900.00. Following the completion of the sale, the executive vice president now owns 1,776,505 shares of the company’s stock, valued at approximately $246,117,002.70. The disclosure for this sale can be found here. Insiders have sold a total of 259,605 shares of company stock valued at $33,861,675 in the last quarter. 50.43% of the stock is currently owned by company insiders.

WMT has been the subject of a number of analyst reports. Guggenheim raised their price objective on shares of Walmart from $145.00 to $150.00 and gave the company a “buy” rating in a research note on Wednesday, August 19th. Oppenheimer reiterated a “buy” rating and issued a $145.00 price target on shares of Walmart in a research note on Tuesday, July 14th. Wells Fargo & Company reiterated a “hold” rating on shares of Walmart in a research note on Friday, July 24th. Nomura lifted their price target on shares of Walmart from $131.00 to $139.00 in a research note on Wednesday, May 20th. Finally, Telsey Advisory Group lifted their price target on shares of Walmart from $140.00 to $145.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 19th. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating and twenty-six have issued a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $139.58.

WMT stock traded down $1.10 during trading on Wednesday, reaching $136.26. 9,279,239 shares of the stock were exchanged, compared to its average volume of 9,748,970. Walmart Inc has a 1 year low of $102.00 and a 1 year high of $151.33. The firm has a market capitalization of $389.24 billion, a price-to-earnings ratio of 21.73, a P/E/G ratio of 4.60 and a beta of 0.28. The business has a 50 day moving average price of $134.74 and a 200-day moving average price of $125.14. The company has a current ratio of 0.79, a quick ratio of 0.29 and a debt-to-equity ratio of 0.56.

Walmart (NYSE:WMT) last announced its quarterly earnings data on Tuesday, August 18th. The retailer reported $1.56 earnings per share for the quarter, beating analysts’ consensus estimates of $1.25 by $0.31. The firm had revenue of $137.70 billion during the quarter, compared to analysts’ expectations of $133.77 billion. Walmart had a net margin of 3.30% and a return on equity of 19.13%. The business’s quarterly revenue was up 2.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.27 earnings per share. On average, research analysts anticipate that Walmart Inc will post 5.28 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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