Mattern Wealth Management LLC Lowers Stock Holdings in Walmart Inc. (NYSE:WMT)

Mattern Wealth Management LLC reduced its position in shares of Walmart Inc. (NYSE:WMT) by 0.2% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 54,623 shares of the retailer’s stock after selling 125 shares during the period. Walmart comprises about 1.0% of Mattern Wealth Management LLC’s holdings, making the stock its 20th largest holding. Mattern Wealth Management LLC’s holdings in Walmart were worth $4,411,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. AHL Investment Management Inc. boosted its holdings in Walmart by 192.1% in the first quarter. AHL Investment Management Inc. now owns 24,000 shares of the retailer’s stock valued at $1,444,000 after purchasing an additional 15,785 shares during the period. Liberty Wealth Management LLC purchased a new position in Walmart in the first quarter valued at $270,000. Commerce Bank boosted its holdings in Walmart by 189.4% in the first quarter. Commerce Bank now owns 917,625 shares of the retailer’s stock valued at $55,213,000 after purchasing an additional 600,521 shares during the period. Envestnet Portfolio Solutions Inc. boosted its holdings in Walmart by 290.7% in the first quarter. Envestnet Portfolio Solutions Inc. now owns 270,065 shares of the retailer’s stock valued at $16,250,000 after purchasing an additional 200,947 shares during the period. Finally, Private Advisor Group LLC boosted its holdings in Walmart by 189.4% in the first quarter. Private Advisor Group LLC now owns 643,848 shares of the retailer’s stock valued at $38,740,000 after purchasing an additional 421,366 shares during the period. 26.76% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Walmart

In other news, major shareholder Alice L. Walton sold 2,709,163 shares of the business’s stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $77.37, for a total transaction of $209,607,941.31. Following the sale, the insider now owns 630,501,148 shares of the company’s stock, valued at $48,781,873,820.76. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, EVP John R. Furner sold 13,125 shares of the company’s stock in a transaction that occurred on Thursday, July 25th. The stock was sold at an average price of $70.60, for a total value of $926,625.00. Following the sale, the executive vice president now owns 632,415 shares of the company’s stock, valued at approximately $44,648,499. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, major shareholder Alice L. Walton sold 2,709,163 shares of the company’s stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $77.37, for a total value of $209,607,941.31. Following the completion of the sale, the insider now directly owns 630,501,148 shares in the company, valued at approximately $48,781,873,820.76. 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 $958,267,901 in the last quarter. 45.58% of the stock is currently owned by corporate insiders.

Walmart Price Performance

Shares of WMT opened at $82.02 on Wednesday. Walmart Inc. has a twelve month low of $49.85 and a twelve month high of $82.22. The stock’s 50 day moving average is $78.42 and its two-hundred day moving average is $69.99. The firm has a market capitalization of $659.73 billion, a PE ratio of 35.05, a P/E/G ratio of 4.07 and a beta of 0.51. The company has a current ratio of 0.80, a quick ratio of 0.22 and a debt-to-equity ratio of 0.46.

Walmart (NYSE:WMT) last announced its quarterly earnings data 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 for the quarter, compared to analyst estimates of $168.56 billion. During the same quarter in the previous year, the company earned $0.61 EPS. The firm’s revenue for the quarter was up 4.7% compared to the same quarter last year. Research analysts anticipate that Walmart Inc. will post 2.44 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on WMT. JPMorgan Chase & Co. lifted their target price on Walmart from $81.00 to $83.00 and gave the company an “overweight” rating in a report on Friday, August 16th. Stifel Nicolaus raised their price target on Walmart from $71.00 to $73.00 and gave the company a “hold” rating in a research note on Tuesday, August 13th. Morgan Stanley raised their price target on Walmart from $75.00 to $82.00 and gave the company an “overweight” rating in a research note on Friday, August 16th. Citigroup lifted their target price on Walmart from $75.00 to $98.00 and gave the stock a “buy” rating in a research report on Friday, September 27th. Finally, Deutsche Bank Aktiengesellschaft lifted their target price on Walmart from $77.00 to $83.00 and gave the stock a “buy” rating in a research report on Friday, August 16th. One equities research 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 stock. Based on data from MarketBeat.com, the company has an average rating of “Buy” and an average 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.