Sterneck Capital Management LLC decreased its position in shares of Walmart Inc. (NYSE:WMT) by 6.0% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,430 shares of the retailer’s stock after selling 346 shares during the period. Sterneck Capital Management LLC’s holdings in Walmart were worth $760,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Evolution Wealth Advisors LLC lifted its position in Walmart by 640.6% during the 2nd quarter. Evolution Wealth Advisors LLC now owns 237 shares of the retailer’s stock worth $28,000 after acquiring an additional 205 shares during the last quarter. Marquette Asset Management LLC acquired a new position in Walmart during the 2nd quarter worth $34,000. Atlantic Trust LLC lifted its position in Walmart by 42.0% during the 2nd quarter. Atlantic Trust LLC now owns 284 shares of the retailer’s stock worth $34,000 after acquiring an additional 84 shares during the last quarter. Selective Wealth Management Inc. acquired a new position in Walmart during the 2nd quarter worth $36,000. Finally, Costello Asset Management INC acquired a new position in Walmart during the 2nd quarter worth $38,000. 29.34% of the stock is owned by hedge funds and other institutional investors.

A number of research analysts have weighed in on WMT shares. Credit Suisse Group reissued a “buy” rating and set a $135.00 target price on shares of Walmart in a research report on Monday, September 21st. Robert W. Baird upped their price objective on shares of Walmart from $140.00 to $150.00 and gave the company an “outperform” rating in a research report on Tuesday, August 18th. Barclays reaffirmed a “buy” rating and set a $140.00 price objective on shares of Walmart in a research report on Monday, August 31st. Oppenheimer reaffirmed a “buy” rating and set a $152.00 price objective (up previously from $145.00) on shares of Walmart in a research report on Tuesday, September 22nd. Finally, Raymond James upped their price objective on shares of Walmart from $140.00 to $145.00 and gave the company an “outperform” rating in a research report on Wednesday, August 19th. Two research analysts have rated the stock with a sell rating, nine have given a hold rating and twenty-seven have issued a buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $141.46.

In other news, SVP David Chojnowski sold 4,605 shares of the stock in a transaction on Wednesday, August 19th. The shares were sold at an average price of $134.24, for a total transaction of $618,175.20. Following the completion of the sale, the senior vice president now owns 30,620 shares of the company’s stock, valued at $4,110,428.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, major shareholder Alice L. Walton sold 752,085 shares of the stock in a transaction on Tuesday, September 29th. The stock was sold at an average price of $137.20, for a total transaction of $103,186,062.00. Following the sale, the insider now directly owns 11,323,580 shares of the company’s stock, valued at approximately $1,553,595,176. The disclosure for this sale can be found here. Insiders have sold 1,011,690 shares of company stock valued at $138,850,587 in the last three months. 50.43% of the stock is owned by insiders.

Shares of WMT stock opened at $144.71 on Friday. The firm has a fifty day moving average of $139.94 and a 200-day moving average of $129.14. The company has a quick ratio of 0.29, a current ratio of 0.79 and a debt-to-equity ratio of 0.56. Walmart Inc. has a 12-month low of $102.00 and a 12-month high of $151.33. The company has a market capitalization of $410.07 billion, a price-to-earnings ratio of 23.08, a P/E/G ratio of 4.60 and a beta of 0.28.

Walmart (NYSE:WMT) last issued its quarterly earnings data on Tuesday, August 18th. The retailer reported $1.56 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.25 by $0.31. Walmart had a net margin of 3.30% and a return on equity of 19.13%. The company had revenue of $137.70 billion during the quarter, compared to the consensus estimate of $133.77 billion. During the same quarter in the prior year, the firm earned $1.27 earnings per share. The firm’s revenue was up 2.8% compared to the same quarter last year. On average, equities analysts expect that Walmart Inc. will post 5.28 EPS for the current year.

Walmart Profile

Walmart Inc engages in the retail and wholesale operations in various formats worldwide. The company operates in 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; ecommerce websites, such as walmart.com, walmart.com.mx, asda.com, walmart.ca, flipkart.com, and samsclub.com; and mobile commerce applications.

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Institutional Ownership by Quarter for Walmart (NYSE:WMT)

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