LaSalle Street Capital Management LLC Trims Stake in Walmart Inc (WMT)

LaSalle Street Capital Management LLC cut its holdings in Walmart Inc (NYSE:WMT) by 48.1% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 7,987 shares of the retailer’s stock after selling 7,405 shares during the period. LaSalle Street Capital Management LLC’s holdings in Walmart were worth $750,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of the company. CSat Investment Advisory L.P. bought a new position in Walmart during the 2nd quarter valued at about $111,000. ELM Advisors LLC bought a new position in Walmart during the 3rd quarter valued at about $152,000. Berman Capital Advisors LLC bought a new position in Walmart during the 3rd quarter valued at about $158,000. Harvest Fund Management Co. Ltd bought a new position in Walmart during the 3rd quarter valued at about $162,000. Finally, MinichMacGregor Wealth Management LLC grew its holdings in Walmart by 56.0% during the 3rd quarter. MinichMacGregor Wealth Management LLC now owns 1,753 shares of the retailer’s stock valued at $165,000 after purchasing an additional 629 shares during the last quarter. Hedge funds and other institutional investors own 29.09% of the company’s stock.

In related news, Director S Robson Walton sold 644,405 shares of the stock in a transaction that occurred on Wednesday, November 21st. The shares were sold at an average price of $94.11, for a total transaction of $60,644,954.55. Following the completion of the sale, the director now owns 3,347,254 shares of the company’s stock, valued at $315,010,073.94. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Jacqueline P. Canney sold 4,026 shares of the stock in a transaction that occurred on Monday, November 19th. The shares were sold at an average price of $97.95, for a total transaction of $394,346.70. Following the sale, the insider now directly owns 53,250 shares of the company’s stock, valued at approximately $5,215,837.50. The disclosure for this sale can be found here. Insiders have sold 10,180,531 shares of company stock valued at $973,815,091 in the last three months. 51.11% of the stock is currently owned by corporate insiders.

Shares of WMT opened at $95.10 on Friday. Walmart Inc has a fifty-two week low of $81.78 and a fifty-two week high of $109.98. The company has a market capitalization of $278.97 billion, a PE ratio of 21.52, a price-to-earnings-growth ratio of 3.84 and a beta of 0.35. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.81 and a quick ratio of 0.22.

Walmart (NYSE:WMT) last posted its earnings results on Thursday, November 15th. The retailer reported $1.08 EPS for the quarter, beating the Zacks’ consensus estimate of $1.02 by $0.06. Walmart had a net margin of 1.01% and a return on equity of 18.36%. The company had revenue of $124.89 billion during the quarter, compared to analysts’ expectations of $124.86 billion. As a group, equities analysts expect that Walmart Inc will post 4.81 EPS for the current year.

WMT has been the topic of several analyst reports. Telsey Advisory Group upped their price target on shares of Walmart from $105.00 to $107.00 and gave the company an “outperform” rating in a report on Friday, August 17th. Argus set a $112.00 price target on shares of Walmart and gave the company a “buy” rating in a report on Friday, August 17th. Goldman Sachs Group set a $101.00 price target on shares of Walmart and gave the company a “neutral” rating in a report on Friday, September 14th. Morgan Stanley restated a “neutral” rating and issued a $98.00 target price on shares of Walmart in a research note on Thursday, October 4th. Finally, Royal Bank of Canada set a $101.00 target price on shares of Walmart and gave the stock a “neutral” rating in a research note on Monday, September 3rd. One investment analyst has rated the stock with a sell rating, nineteen have issued a hold rating, sixteen have assigned a buy rating and one has assigned a strong buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $104.04.

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About Walmart

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, hayneedle.com, shoes.com, moosejaw.com, modcloth.com, bonobos.com, and samsclub.com; and mobile commerce and voice-activated commerce applications.

See Also: Buyback

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Institutional Ownership by Quarter for Walmart (NYSE:WMT)

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