Atria Investments LLC Reduces Holdings in Walmart Inc (WMT)
Atria Investments LLC trimmed its position in Walmart Inc (NYSE:WMT) by 19.6% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 18,034 shares of the retailer’s stock after selling 4,384 shares during the period. Atria Investments LLC’s holdings in Walmart were worth $1,694,000 as of its most recent SEC filing.
A number of other large investors have also recently made changes to their positions in WMT. CSat Investment Advisory L.P. purchased a new position in Walmart in the second quarter worth about $111,000. Amussen Hunsaker Associates LLC purchased a new position in Walmart in the second quarter worth about $152,000. ELM Advisors LLC purchased a new position in Walmart in the third quarter worth about $152,000. Kiley Juergens Wealth Management LLC purchased a new position in Walmart in the second quarter worth about $165,000. Finally, Adviser Investments LLC boosted its position in Walmart by 77.0% in the second quarter. Adviser Investments LLC now owns 1,935 shares of the retailer’s stock worth $166,000 after purchasing an additional 842 shares during the last quarter. 29.32% of the stock is currently owned by institutional investors and hedge funds.
Shares of WMT opened at $94.81 on Friday. The company has a market cap of $278.20 billion, a P/E ratio of 21.45, a price-to-earnings-growth ratio of 3.30 and a beta of 0.52. Walmart Inc has a 12-month low of $81.78 and a 12-month high of $109.98. The company has a debt-to-equity ratio of 0.70, a quick ratio of 0.34 and a current ratio of 0.93.
In other Walmart news, Director S Robson Walton sold 881,158 shares of Walmart stock in a transaction that occurred on Monday, August 20th. The stock was sold at an average price of $97.60, for a total value of $86,001,020.80. Following the sale, the director now owns 3,347,254 shares of the company’s stock, valued at approximately $326,691,990.40. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, major shareholder Alice L. Walton sold 594,396 shares of Walmart stock in a transaction that occurred on Friday, August 17th. The stock was sold at an average price of $98.28, for a total value of $58,417,238.88. Following the completion of the sale, the insider now directly owns 6,748,580 shares in the company, valued at approximately $663,250,442.40. The disclosure for this sale can be found here. Insiders have sold a total of 10,199,130 shares of company stock worth $976,228,654 in the last three months. 51.11% of the stock is owned by corporate insiders.
A number of research analysts have recently weighed in on WMT shares. Guggenheim reaffirmed a “buy” rating and set a $110.00 price objective on shares of Walmart in a research report on Thursday, August 16th. ValuEngine raised Walmart from a “hold” rating to a “buy” rating in a research report on Friday, August 17th. Argus set a $112.00 price objective on Walmart and gave the company a “buy” rating in a research report on Friday, August 17th. Citigroup lifted their price objective on Walmart from $101.00 to $113.00 and gave the company a “buy” rating in a research report on Friday, August 17th. Finally, Stephens set a $115.00 price objective on Walmart and gave the company a “buy” rating in a research report on Friday, August 17th. Eighteen equities research analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $102.37.
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, hayneedle.com, shoes.com, moosejaw.com, modcloth.com, bonobos.com, and samsclub.com; and mobile commerce and voice-activated commerce applications.
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