Bard Financial Services Inc. Has $25.12 Million Holdings in Walmart Inc. (NYSE:WMT)

Bard Financial Services Inc. cut its holdings in Walmart Inc. (NYSE:WMT) by 49.4% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 311,070 shares of the retailer’s stock after selling 304,285 shares during the period. Walmart accounts for 3.0% of Bard Financial Services Inc.’s investment portfolio, making the stock its 4th biggest position. Bard Financial Services Inc.’s holdings in Walmart were worth $25,119,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Peterson Financial Group Inc. purchased a new stake in shares of Walmart during the 3rd quarter valued at $26,000. TruNorth Capital Management LLC raised its position in Walmart by 138.3% in the 2nd quarter. TruNorth Capital Management LLC now owns 429 shares of the retailer’s stock worth $29,000 after purchasing an additional 249 shares during the period. Cultivar Capital Inc. purchased a new position in Walmart in the 2nd quarter worth $29,000. Voisard Asset Management Group Inc. raised its position in Walmart by 77.3% in the 3rd quarter. Voisard Asset Management Group Inc. now owns 399 shares of the retailer’s stock worth $32,000 after purchasing an additional 174 shares during the period. Finally, Hoese & Co LLP purchased a new position in Walmart in the 3rd quarter worth $33,000. 26.76% of the stock is owned by institutional investors.

Insiders Place Their Bets

In related news, major shareholder S Robson Walton sold 1,804,000 shares of the company’s stock in a transaction on Tuesday, September 17th. The shares were sold at an average price of $79.18, for a total transaction of $142,840,720.00. Following the completion of the transaction, the insider now owns 605,979,318 shares in the company, valued at approximately $47,981,442,399.24. This represents a 0.30 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP John D. Rainey sold 3,000 shares of the stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $92.47, for a total transaction of $277,410.00. Following the transaction, the executive vice president now owns 375,165 shares of the company’s stock, valued at $34,691,507.55. This trade represents a 0.79 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 3,243,091 shares of company stock worth $257,591,179 over the last three months. 45.58% of the stock is currently owned by company insiders.

Walmart Stock Down 0.1 %

Shares of WMT stock opened at $94.42 on Wednesday. Walmart Inc. has a 12 month low of $50.08 and a 12 month high of $96.18. The stock has a market cap of $758.51 billion, a P/E ratio of 38.81, a P/E/G ratio of 4.45 and a beta of 0.54. The company has a current ratio of 0.85, a quick ratio of 0.23 and a debt-to-equity ratio of 0.42. The company has a 50 day simple moving average of $85.00 and a two-hundred day simple moving average of $76.28.

Walmart (NYSE:WMT) last announced its earnings results on Tuesday, November 19th. The retailer reported $0.58 EPS for the quarter, beating analysts’ consensus estimates of $0.53 by $0.05. The business had revenue of $169.59 billion during the quarter, compared to analysts’ expectations of $167.69 billion. Walmart had a net margin of 2.92% and a return on equity of 21.78%. The firm’s revenue was up 5.5% on a year-over-year basis. During the same period in the prior year, the company earned $0.51 earnings per share. On average, research analysts expect that Walmart Inc. will post 2.47 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on WMT. Melius Research began coverage on shares of Walmart in a research report on Monday, September 23rd. They issued a “buy” rating and a $95.00 target price on the stock. BMO Capital Markets lifted their target price on shares of Walmart from $80.00 to $100.00 and gave the stock an “outperform” rating in a research report on Monday, November 18th. The Goldman Sachs Group lifted their target price on shares of Walmart from $73.00 to $81.00 and gave the stock a “buy” rating in a research report on Friday, August 16th. Royal Bank of Canada boosted their price objective on shares of Walmart from $88.00 to $92.00 and gave the company an “overweight” rating in a research report on Monday, November 18th. Finally, KeyCorp boosted their price objective on shares of Walmart from $96.00 to $100.00 and gave the company an “overweight” rating in a research report on Wednesday. Two investment analysts have rated the stock with a hold rating, twenty-nine have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $92.40.

About Walmart

Walmart Inc engages in the operation of retail, wholesale, other units, and eCommerce 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, and discount stores under Walmart and Walmart Neighborhood Market brands; membership-only warehouse clubs; ecommerce websites, such as walmart.com.mx, walmart.ca, flipkart.com, PhonePe and other sites; and mobile commerce applications.