Financial Advisory Service Inc. Cuts Stake in Walmart Inc (NYSE:WMT)

Financial Advisory Service Inc. reduced its stake in shares of Walmart Inc (NYSE:WMT) by 6.4% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 9,958 shares of the retailer’s stock after selling 679 shares during the period. Financial Advisory Service Inc.’s holdings in Walmart were worth $1,182,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in WMT. Nuveen Asset Management LLC lifted its holdings in shares of Walmart by 4,405.6% during the 2nd quarter. Nuveen Asset Management LLC now owns 10,353,388 shares of the retailer’s stock worth $1,143,946,000 after acquiring an additional 10,123,600 shares during the period. Renaissance Technologies LLC raised its holdings in Walmart by 184.2% in the second quarter. Renaissance Technologies LLC now owns 4,653,682 shares of the retailer’s stock valued at $514,185,000 after buying an additional 3,015,931 shares during the period. Thoroughbred Financial Services LLC raised its holdings in Walmart by 11,482.5% in the second quarter. Thoroughbred Financial Services LLC now owns 2,444,380 shares of the retailer’s stock valued at $244,438,000 after buying an additional 2,423,276 shares during the period. Amundi Pioneer Asset Management Inc. raised its holdings in Walmart by 43.2% in the second quarter. Amundi Pioneer Asset Management Inc. now owns 4,850,274 shares of the retailer’s stock valued at $782,423,000 after buying an additional 1,463,052 shares during the period. Finally, Railway Pension Investments Ltd purchased a new position in Walmart in the second quarter valued at approximately $13,798,000. Institutional investors and hedge funds own 30.13% of the company’s stock.

In other news, insider John R. Furner sold 7,900 shares of the firm’s stock in a transaction that occurred on Monday, August 19th. The shares were sold at an average price of $114.72, for a total transaction of $906,288.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP David Chojnowski sold 3,680 shares of the firm’s stock in a transaction that occurred on Wednesday, September 4th. The stock was sold at an average price of $115.38, for a total transaction of $424,598.40. The disclosure for this sale can be found here. 50.22% of the stock is currently owned by company insiders.

Shares of WMT traded up $1.86 during mid-day trading on Wednesday, reaching $120.98. 7,672,864 shares of the stock traded hands, compared to its average volume of 6,147,980. The firm has a market cap of $339.72 billion, a price-to-earnings ratio of 24.64, a P/E/G ratio of 5.13 and a beta of 0.39. The stock has a fifty day simple moving average of $118.69 and a 200 day simple moving average of $111.50. Walmart Inc has a 12-month low of $85.78 and a 12-month high of $120.92. The company has a quick ratio of 0.21, a current ratio of 0.76 and a debt-to-equity ratio of 0.83.

Walmart (NYSE:WMT) last posted its quarterly earnings data on Thursday, August 15th. The retailer reported $1.27 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.22 by $0.05. The company had revenue of $130.40 billion for the quarter, compared to analyst estimates of $129.32 billion. Walmart had a net margin of 2.48% and a return on equity of 18.23%. The business’s quarterly revenue was up 2.6% on a year-over-year basis. During the same quarter last year, the firm posted $1.29 earnings per share. On average, equities research analysts expect that Walmart Inc will post 4.92 earnings per share for the current fiscal year.

WMT has been the topic of several research reports. Oppenheimer raised their price target on shares of Walmart from $108.00 to $125.00 and gave the company a “market perform” rating in a report on Monday, November 4th. Royal Bank of Canada set a $112.00 price target on shares of Walmart and gave the company a “neutral” rating in a report on Thursday, August 15th. Goldman Sachs Group set a $123.00 price target on shares of Walmart and gave the company a “buy” rating in a report on Thursday, August 15th. KeyCorp raised their price target on shares of Walmart from $125.00 to $128.00 and gave the company an “overweight” rating in a report on Friday, August 16th. Finally, Loop Capital raised their price target on shares of Walmart to $115.00 and gave the company a “hold” rating in a report on Tuesday, July 23rd. One research analyst has rated the stock with a sell rating, fourteen have given a hold rating and eighteen have given a buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $118.41.

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, 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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