Avidian Wealth Enterprises LLC Cuts Stake in Walmart Inc. (NYSE:WMT)

Avidian Wealth Enterprises LLC lessened its stake in shares of Walmart Inc. (NYSE:WMT) by 3.4% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 39,519 shares of the retailer’s stock after selling 1,394 shares during the period. Avidian Wealth Enterprises LLC’s holdings in Walmart were worth $3,191,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the company. Vanguard Group Inc. lifted its position in Walmart by 199.4% in the first quarter. Vanguard Group Inc. now owns 411,745,334 shares of the retailer’s stock worth $24,774,717,000 after buying an additional 274,229,968 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its position in shares of Walmart by 181.0% during the first quarter. Price T Rowe Associates Inc. MD now owns 56,861,234 shares of the retailer’s stock worth $3,421,342,000 after purchasing an additional 36,625,314 shares during the last quarter. Swiss National Bank lifted its holdings in Walmart by 187.4% during the 1st quarter. Swiss National Bank now owns 13,303,200 shares of the retailer’s stock valued at $800,454,000 after buying an additional 8,674,100 shares in the last quarter. Canada Pension Plan Investment Board grew its stake in Walmart by 284.0% in the 1st quarter. Canada Pension Plan Investment Board now owns 11,122,273 shares of the retailer’s stock worth $669,227,000 after acquiring an additional 8,225,552 shares in the last quarter. Finally, International Assets Investment Management LLC raised its stake in shares of Walmart by 8,814.4% during the third quarter. International Assets Investment Management LLC now owns 6,963,218 shares of the retailer’s stock valued at $562,280,000 after acquiring an additional 6,885,106 shares in the last quarter. Institutional investors own 26.76% of the company’s stock.

Walmart Price Performance

NYSE:WMT opened at $83.69 on Wednesday. Walmart Inc. has a one year low of $49.85 and a one year high of $83.77. The stock has a market cap of $672.72 billion, a PE ratio of 43.51, a P/E/G ratio of 4.13 and a beta of 0.51. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.22 and a current ratio of 0.80. The stock has a 50 day moving average price of $80.08 and a 200 day moving average price of $71.58.

Walmart (NYSE:WMT) last announced its quarterly earnings results on Thursday, August 15th. The retailer reported $0.67 earnings per share for the quarter, beating the consensus estimate of $0.65 by $0.02. Walmart had a net margin of 2.34% and a return on equity of 21.72%. The firm had revenue of $169.30 billion for the quarter, compared to analysts’ expectations of $168.56 billion. During the same quarter in the previous year, the company posted $0.61 EPS. The company’s revenue was up 4.7% compared to the same quarter last year. Equities research analysts expect that Walmart Inc. will post 2.44 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on WMT shares. DA Davidson lifted their target price on Walmart from $75.00 to $85.00 and gave the company a “buy” rating in a research report on Friday, August 16th. KeyCorp boosted their price target on Walmart from $86.00 to $87.00 and gave the stock an “overweight” rating in a research report on Monday, October 28th. The Goldman Sachs Group raised their price objective on Walmart from $73.00 to $81.00 and gave the stock a “buy” rating in a research report on Friday, August 16th. UBS Group upped their target price on Walmart from $81.00 to $92.00 and gave the company a “buy” rating in a research report on Friday, October 11th. Finally, Tigress Financial increased their price target on Walmart from $75.00 to $86.00 and gave the company a “buy” rating in a research note on Tuesday, July 23rd. One equities research analyst has rated the stock with a hold rating, twenty-nine have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Walmart currently has a consensus rating of “Buy” and an average price target of $83.89.

Insider Buying and Selling at Walmart

In other Walmart news, EVP John R. Furner sold 13,125 shares of Walmart stock in a transaction dated Thursday, October 24th. The shares were sold at an average price of $82.96, for a total transaction of $1,088,850.00. Following the completion of the sale, the executive vice president now directly owns 593,040 shares in the company, valued at $49,198,598.40. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, EVP John R. Furner sold 13,125 shares of the stock in a transaction that occurred on Thursday, October 24th. The shares were sold at an average price of $82.96, for a total transaction of $1,088,850.00. Following the completion of the transaction, the executive vice president now owns 593,040 shares of the company’s stock, valued at approximately $49,198,598.40. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO C Douglas Mcmillon sold 29,124 shares of the business’s stock in a transaction that occurred on Thursday, October 24th. The shares were sold at an average price of $82.79, for a total value of $2,411,175.96. Following the completion of the sale, the chief executive officer now directly owns 3,843,929 shares in the company, valued at approximately $318,238,881.91. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 12,337,337 shares of company stock valued at $958,823,647 over the last 90 days. 45.58% of the stock is owned by insiders.

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.