Sequoia Financial Advisors LLC Has $55.85 Million Holdings in Walmart Inc. (NYSE:WMT)

Sequoia Financial Advisors LLC raised its position in Walmart Inc. (NYSE:WMT) by 3.8% in the third quarter, HoldingsChannel reports. The fund owned 691,596 shares of the retailer’s stock after purchasing an additional 25,386 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in Walmart were worth $55,846,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in WMT. Hoese & Co LLP bought a new position in shares of Walmart in the third quarter valued at approximately $33,000. EntryPoint Capital LLC bought a new position in shares of Walmart in the first quarter valued at approximately $25,000. TruNorth Capital Management LLC lifted 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 purchasing an additional 249 shares in the last quarter. Cultivar Capital Inc. bought a new position in shares of Walmart in the second quarter valued at approximately $29,000. Finally, Livelsberger Financial Advisory bought a new position in shares of Walmart in the third quarter valued at approximately $36,000. Institutional investors and hedge funds own 26.76% of the company’s stock.

Insider Buying and Selling at Walmart

In other Walmart news, EVP Daniel J. Bartlett sold 2,065 shares of the company’s stock in a transaction that occurred on Tuesday, October 15th. The stock was sold at an average price of $80.69, for a total transaction of $166,624.85. Following the completion of the transaction, the executive vice president now owns 457,493 shares of the company’s stock, valued at $36,915,110.17. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other Walmart news, EVP Daniel J. Bartlett sold 2,065 shares of the company’s stock in a transaction that occurred on Tuesday, October 15th. The stock was sold at an average price of $80.69, for a total transaction of $166,624.85. Following the completion of the transaction, the executive vice president now owns 457,493 shares of the company’s stock, valued at $36,915,110.17. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP John R. Furner sold 13,125 shares of the company’s stock in a transaction that occurred on Thursday, September 26th. The shares were sold at an average price of $81.04, for a total value of $1,063,650.00. Following the transaction, the executive vice president now directly owns 606,165 shares of the company’s stock, valued at $49,123,611.60. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 12,337,337 shares of company stock valued at $958,267,901 in the last 90 days. Insiders own 45.58% of the company’s stock.

Walmart Trading Up 1.5 %

NYSE WMT opened at $82.02 on Wednesday. Walmart Inc. has a 1-year low of $49.85 and a 1-year high of $82.22. The company has a current ratio of 0.80, a quick ratio of 0.22 and a debt-to-equity ratio of 0.46. The stock has a 50-day moving average of $78.42 and a 200-day moving average of $69.99. The firm has a market cap of $659.73 billion, a PE ratio of 35.05, a price-to-earnings-growth ratio of 4.07 and a beta of 0.51.

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

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the company. Redburn Atlantic upgraded Walmart to a “strong-buy” rating in a report on Monday, September 23rd. The Goldman Sachs Group raised their target price on Walmart from $73.00 to $81.00 and gave the company a “buy” rating in a report on Friday, August 16th. Barclays lifted their price target on Walmart from $66.00 to $78.00 and gave the stock an “overweight” rating in a report on Friday, August 16th. DA Davidson lifted their price target on Walmart from $75.00 to $85.00 and gave the stock a “buy” rating in a report on Friday, August 16th. Finally, Citigroup lifted their price target on Walmart from $75.00 to $98.00 and gave the stock a “buy” rating in a report on Friday, September 27th. 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 stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus target price of $83.51.

Walmart Profile

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.