Walmart Inc. (NYSE:WMT) Position Boosted by Schneider Downs Wealth Management Advisors LP

Schneider Downs Wealth Management Advisors LP increased its stake in Walmart Inc. (NYSE:WMT) by 15.1% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 3,513 shares of the retailer’s stock after acquiring an additional 461 shares during the quarter. Schneider Downs Wealth Management Advisors LP’s holdings in Walmart were worth $490,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of WMT. Capital Asset Advisory Services LLC grew its position in Walmart by 2.6% during the 3rd quarter. Capital Asset Advisory Services LLC now owns 18,293 shares of the retailer’s stock worth $2,550,000 after purchasing an additional 472 shares in the last quarter. BEAM Asset Management LLC boosted its position in shares of Walmart by 117.6% in the third quarter. BEAM Asset Management LLC now owns 6,342 shares of the retailer’s stock worth $884,000 after buying an additional 3,427 shares during the period. Jacobs & Co. CA grew its holdings in shares of Walmart by 12.7% during the third quarter. Jacobs & Co. CA now owns 20,384 shares of the retailer’s stock valued at $2,841,000 after buying an additional 2,296 shares in the last quarter. Buffington Mohr McNeal raised its position in Walmart by 3.8% during the third quarter. Buffington Mohr McNeal now owns 3,944 shares of the retailer’s stock valued at $550,000 after buying an additional 145 shares during the period. Finally, Butensky & Cohen Financial Security Inc. boosted its position in Walmart by 1.3% during the 3rd quarter. Butensky & Cohen Financial Security Inc. now owns 26,440 shares of the retailer’s stock worth $3,685,000 after acquiring an additional 352 shares during the period. Hedge funds and other institutional investors own 30.38% of the company’s stock.

In related news, major shareholder Jim C. Walton sold 307,927 shares of the company’s stock in a transaction on Monday, September 20th. The shares were sold at an average price of $142.51, for a total transaction of $43,882,676.77. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO C Douglas Mcmillon sold 9,708 shares of the company’s stock in a transaction on Thursday, October 28th. The shares were sold at an average price of $148.40, for a total transaction of $1,440,667.20. The disclosure for this sale can be found here. Insiders have sold 5,053,929 shares of company stock worth $741,184,102 in the last ninety days. 48.44% of the stock is currently owned by insiders.

WMT has been the subject of a number of research analyst reports. Stephens increased their price target on shares of Walmart from $160.00 to $170.00 and gave the stock an “overweight” rating in a research report on Friday, August 13th. Telsey Advisory Group lifted their target price on shares of Walmart from $170.00 to $175.00 and gave the company an “outperform” rating in a research note on Wednesday, August 18th. Tigress Financial restated a “hold” rating and set a $170.00 price target on shares of Walmart in a report on Friday, August 27th. Morgan Stanley reiterated a “buy” rating and set a $170.00 price objective on shares of Walmart in a report on Monday, August 30th. Finally, Stifel Nicolaus lowered their target price on Walmart from $160.00 to $155.00 and set a “hold” rating on the stock in a research note on Tuesday, November 16th. One research analyst has rated the stock with a sell rating, four have given a hold rating and seventeen have given a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of $170.20.

Shares of NYSE:WMT opened at $146.54 on Thursday. Walmart Inc. has a fifty-two week low of $126.28 and a fifty-two week high of $153.66. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.96 and a quick ratio of 0.38. The stock has a market capitalization of $408.63 billion, a P/E ratio of 41.28, a P/E/G ratio of 4.28 and a beta of 0.50. The business has a 50-day moving average of $144.23 and a two-hundred day moving average of $143.33.

Walmart (NYSE:WMT) last released its earnings results on Tuesday, November 16th. The retailer reported $1.45 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.39 by $0.06. Walmart had a return on equity of 20.22% and a net margin of 1.78%. The firm had revenue of $140.50 billion for the quarter, compared to analyst estimates of $134.26 billion. During the same quarter last year, the firm posted $1.34 EPS. The company’s revenue was up 4.3% on a year-over-year basis. As a group, research analysts expect that Walmart Inc. will post 6.31 EPS for the current fiscal year.

About Walmart

Walmart, Inc engages in retail and wholesale business. The Company offers an assortment of merchandise and services at everyday low prices. It operates through the following business segments: Walmart U.S., Walmart International, and Sam’s Club. The Walmart U.S. segment operates as a merchandiser of consumer products, operating under the Walmart, Wal-Mart, and Walmart Neighborhood Market brands, as well as walmart.com and other eCommerce brands.

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Institutional Ownership by Quarter for Walmart (NYSE:WMT)

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