Lowe Brockenbrough & Co. Inc. decreased its holdings in Walmart Inc. (NYSE:WMT) by 2.0% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 64,945 shares of the retailer’s stock after selling 1,344 shares during the period. Walmart comprises approximately 1.1% of Lowe Brockenbrough & Co. Inc.’s investment portfolio, making the stock its 26th biggest holding. Lowe Brockenbrough & Co. Inc.’s holdings in Walmart were worth $9,086,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of WMT. Evolution Wealth Advisors LLC grew its holdings in Walmart by 640.6% in the second quarter. Evolution Wealth Advisors LLC now owns 237 shares of the retailer’s stock worth $28,000 after purchasing an additional 205 shares during the last quarter. Marquette Asset Management LLC purchased a new position in Walmart in the second quarter worth $34,000. Atlantic Trust LLC grew its holdings in Walmart by 42.0% in the second quarter. Atlantic Trust LLC now owns 284 shares of the retailer’s stock worth $34,000 after purchasing an additional 84 shares during the last quarter. Selective Wealth Management Inc. purchased a new position in Walmart in the second quarter worth $36,000. Finally, Carolina Wealth Advisors LLC grew its holdings in Walmart by 57.6% in the third quarter. Carolina Wealth Advisors LLC now owns 260 shares of the retailer’s stock worth $36,000 after purchasing an additional 95 shares during the last quarter. 29.34% of the stock is owned by institutional investors.

In other Walmart news, major shareholder Alice L. Walton sold 752,085 shares of the stock in a transaction dated Tuesday, September 29th. The shares were sold at an average price of $137.20, for a total value of $103,186,062.00. Following the completion of the sale, the insider now owns 11,323,580 shares in the company, valued at approximately $1,553,595,176. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Marc E. Lore sold 85,000 shares of the stock in a transaction dated Wednesday, October 14th. The shares were sold at an average price of $144.55, for a total transaction of $12,286,750.00. Following the completion of the sale, the executive vice president now owns 1,610,399 shares of the company’s stock, valued at approximately $232,783,175.45. The disclosure for this sale can be found here. In the last quarter, insiders sold 1,011,690 shares of company stock valued at $138,850,587. 50.43% of the stock is owned by insiders.

WMT stock traded up $0.49 during mid-day trading on Tuesday, reaching $142.65. The company’s stock had a trading volume of 252,327 shares, compared to its average volume of 9,486,474. The stock has a market cap of $402.85 billion, a PE ratio of 22.80, a P/E/G ratio of 4.86 and a beta of 0.27. The company has a current ratio of 0.79, a quick ratio of 0.29 and a debt-to-equity ratio of 0.56. Walmart Inc. has a fifty-two week low of $102.00 and a fifty-two week high of $151.33. The company’s 50 day moving average is $140.31 and its two-hundred day moving average is $130.46.

Walmart (NYSE:WMT) last released its quarterly earnings data on Tuesday, August 18th. The retailer reported $1.56 EPS for the quarter, beating the Zacks’ consensus estimate of $1.25 by $0.31. The company had revenue of $137.70 billion during the quarter, compared to the consensus estimate of $133.77 billion. Walmart had a net margin of 3.30% and a return on equity of 19.13%. Walmart’s quarterly revenue was up 2.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.27 EPS. On average, analysts forecast that Walmart Inc. will post 5.35 earnings per share for the current fiscal year.

Several research firms have issued reports on WMT. Goldman Sachs Group reissued a “buy” rating and set a $144.00 price objective on shares of Walmart in a report on Tuesday, August 18th. Raymond James boosted their price objective on shares of Walmart from $140.00 to $145.00 and gave the company an “outperform” rating in a report on Wednesday, August 19th. Morgan Stanley boosted their price objective on shares of Walmart from $140.00 to $150.00 and gave the company an “overweight” rating in a report on Monday, July 20th. Citigroup boosted their price objective on shares of Walmart from $140.00 to $155.00 and gave the company a “buy” rating in a report on Wednesday, August 19th. Finally, Royal Bank of Canada boosted their price objective on shares of Walmart from $132.00 to $137.00 and gave the company a “sector perform” rating in a report on Wednesday, August 19th. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and twenty-seven have issued a buy rating to the company. Walmart has a consensus rating of “Buy” and an average target price of $141.46.

About Walmart

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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