Castle Wealth Management LLC Has $838,000 Stake in Walmart Inc. (NYSE:WMT)

Castle Wealth Management LLC reduced its stake in shares of Walmart Inc. (NYSE:WMT) by 1.4% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,374 shares of the retailer’s stock after selling 148 shares during the quarter. Castle Wealth Management LLC’s holdings in Walmart were worth $838,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. EntryPoint Capital LLC acquired a new stake in Walmart during the 1st quarter valued at $25,000. TruNorth Capital Management LLC raised its holdings in shares of Walmart by 138.3% in the second quarter. TruNorth Capital Management LLC now owns 429 shares of the retailer’s stock valued at $29,000 after buying an additional 249 shares during the last quarter. Cultivar Capital Inc. acquired a new position in Walmart during the 2nd quarter worth about $29,000. FSA Wealth Management LLC lifted its position in Walmart by 253.0% during the 1st quarter. FSA Wealth Management LLC now owns 526 shares of the retailer’s stock worth $32,000 after buying an additional 377 shares in the last quarter. Finally, Kozak & Associates Inc. increased its position in Walmart by 216.4% in the 1st quarter. Kozak & Associates Inc. now owns 503 shares of the retailer’s stock valued at $32,000 after acquiring an additional 344 shares in the last quarter. 26.76% of the stock is owned by institutional investors.

Insider Buying and Selling at Walmart

In other news, EVP John D. Rainey sold 3,000 shares of the firm’s stock in a transaction that occurred on Friday, November 1st. The shares were sold at an average price of $82.12, for a total transaction of $246,360.00. Following the completion of the transaction, the executive vice president now directly owns 378,165 shares of the company’s stock, valued at $31,054,909.80. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, EVP John D. Rainey sold 3,000 shares of the stock in a transaction on Friday, November 1st. The shares were sold at an average price of $82.12, for a total transaction of $246,360.00. Following the completion of the transaction, the executive vice president now owns 378,165 shares in the company, valued at approximately $31,054,909.80. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, major shareholder Alice L. Walton sold 2,375,563 shares of the firm’s stock in a transaction on Thursday, September 5th. The shares were sold at an average price of $76.96, for a total transaction of $182,823,328.48. Following the completion of the transaction, the insider now directly owns 619,646,544 shares of the company’s stock, valued at approximately $47,687,998,026.24. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 12,337,337 shares of company stock worth $958,823,647. Corporate insiders own 45.58% of the company’s stock.

Walmart Trading Down 0.1 %

Shares of NYSE:WMT opened at $83.32 on Thursday. The firm has a market cap of $669.75 billion, a price-to-earnings ratio of 43.46, a PEG ratio of 4.13 and a beta of 0.51. Walmart Inc. has a 12 month low of $49.85 and a 12 month high of $85.54. The company’s fifty day simple moving average is $80.22 and its 200 day simple moving average is $71.67. The company has a quick ratio of 0.22, a current ratio of 0.80 and a debt-to-equity ratio of 0.46.

Walmart (NYSE:WMT) last released its earnings results on Thursday, August 15th. The retailer reported $0.67 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.65 by $0.02. The firm had revenue of $169.30 billion during the quarter, compared to analysts’ expectations of $168.56 billion. Walmart had a return on equity of 21.72% and a net margin of 2.34%. The company’s revenue was up 4.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.61 EPS. As a group, research analysts forecast that Walmart Inc. will post 2.44 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on WMT shares. Redburn Atlantic upgraded shares of Walmart to a “strong-buy” rating in a research report on Monday, September 23rd. BMO Capital Markets reaffirmed an “outperform” rating and set a $80.00 price objective on shares of Walmart in a report on Friday, August 16th. Morgan Stanley boosted their target price on Walmart from $75.00 to $82.00 and gave the stock an “overweight” rating in a research report on Friday, August 16th. Wells Fargo & Company raised their price target on Walmart from $88.00 to $90.00 and gave the company an “overweight” rating in a report on Thursday, October 31st. Finally, Barclays boosted their price objective on Walmart from $66.00 to $78.00 and gave the stock an “overweight” rating in a report on Friday, August 16th. One investment analyst has rated the stock with a hold rating, twenty-nine have assigned a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of $83.89.

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.