Evolution Wealth Advisors LLC increased its position in Walmart Inc. (NYSE:WMT) by 1,880.6% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,694 shares of the retailer’s stock after acquiring an additional 4,457 shares during the quarter. Evolution Wealth Advisors LLC’s holdings in Walmart were worth $657,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Atlantic Trust LLC increased its holdings in shares of Walmart by 42.0% during the 2nd quarter. Atlantic Trust LLC now owns 284 shares of the retailer’s stock worth $34,000 after purchasing an additional 84 shares during the period. Marquette Asset Management LLC bought a new position in shares of Walmart during the 2nd quarter worth about $34,000. Selective Wealth Management Inc. bought a new position in shares of Walmart during the 2nd quarter worth about $36,000. Costello Asset Management INC bought a new position in shares of Walmart during the 2nd quarter worth about $38,000. Finally, Watson Rebecca bought a new position in shares of Walmart during the 2nd quarter worth about $39,000. Institutional investors own 29.34% of the company’s stock.

In related news, EVP Marc E. Lore sold 85,000 shares of the business’s stock in a transaction that occurred on Monday, August 3rd. The shares were sold at an average price of $129.22, for a total transaction of $10,983,700.00. Following the completion of the sale, the executive vice president now directly owns 1,858,073 shares of the company’s stock, valued at $240,100,193.06. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, major shareholder Alice L. Walton sold 752,085 shares of the company’s stock in a transaction that occurred on Tuesday, September 29th. The shares were sold at an average price of $137.20, for a total transaction of $103,186,062.00. Following the completion of the sale, the insider now directly owns 11,323,580 shares of the company’s stock, valued at approximately $1,553,595,176. The disclosure for this sale can be found here. Over the last three months, insiders have sold 1,011,690 shares of company stock valued at $138,850,587. 50.43% of the stock is currently owned by insiders.

WMT opened at $144.71 on Friday. The company has a debt-to-equity ratio of 0.56, a current ratio of 0.79 and a quick ratio of 0.29. The company has a market cap of $410.07 billion, a price-to-earnings ratio of 23.08, a price-to-earnings-growth ratio of 4.60 and a beta of 0.28. The firm has a 50 day simple moving average of $139.94 and a 200 day simple moving average of $129.14. Walmart Inc. has a fifty-two week low of $102.00 and a fifty-two week high of $151.33.

Walmart (NYSE:WMT) last posted its quarterly earnings results on Tuesday, August 18th. The retailer reported $1.56 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.25 by $0.31. The business 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 revenue for the quarter was up 2.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.27 earnings per share. As a group, analysts expect that Walmart Inc. will post 5.28 EPS for the current year.

A number of analysts recently weighed in on WMT shares. Wells Fargo & Company reissued a “hold” rating on shares of Walmart in a research note on Friday, July 24th. Guggenheim upped their target price on shares of Walmart from $145.00 to $150.00 and gave the company a “buy” rating in a research note on Wednesday, August 19th. DA Davidson started coverage on shares of Walmart in a research note on Friday, August 14th. They issued a “buy” rating and a $148.00 target price on the stock. JPMorgan Chase & Co. reissued a “neutral” rating and issued a $137.00 target price on shares of Walmart in a research note on Friday, October 2nd. Finally, DZ Bank raised shares of Walmart from a “hold” rating to a “buy” rating and set a $157.50 target price on the stock in a research note on Friday, October 2nd. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating and twenty-seven have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $141.46.

Walmart Company Profile

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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