Walmart Inc. (NYSE:WMT) Shares Sold by Cim Investment Management Inc.

Cim Investment Management Inc. lowered its stake in Walmart Inc. (NYSE:WMT) by 1.7% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 16,741 shares of the retailer’s stock after selling 295 shares during the quarter. Cim Investment Management Inc.’s holdings in Walmart were worth $1,352,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of WMT. Jennison Associates LLC lifted its position in Walmart by 479.6% in the third quarter. Jennison Associates LLC now owns 18,479,259 shares of the retailer’s stock valued at $1,492,200,000 after buying an additional 15,290,936 shares during the last quarter. FMR LLC increased its stake in Walmart by 12.9% during the third quarter. FMR LLC now owns 63,135,639 shares of the retailer’s stock worth $5,098,203,000 after purchasing an additional 7,200,004 shares during the period. International Assets Investment Management LLC increased its stake in Walmart by 8,814.4% during the third quarter. International Assets Investment Management LLC now owns 6,963,218 shares of the retailer’s stock worth $562,280,000 after purchasing an additional 6,885,106 shares during the period. Geode Capital Management LLC increased its stake in Walmart by 3.3% during the third quarter. Geode Capital Management LLC now owns 87,617,409 shares of the retailer’s stock worth $7,048,465,000 after purchasing an additional 2,786,061 shares during the period. Finally, Raymond James & Associates increased its stake in Walmart by 16.0% during the second quarter. Raymond James & Associates now owns 16,282,129 shares of the retailer’s stock worth $1,102,463,000 after purchasing an additional 2,246,656 shares during the period. Institutional investors and hedge funds own 26.76% of the company’s stock.

Insider Activity at Walmart

In related news, EVP Daniel J. Bartlett sold 2,063 shares of the stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $80.76, for a total value of $166,607.88. Following the sale, the executive vice president now directly owns 459,558 shares of the company’s stock, valued at approximately $37,113,904.08. This represents a 0.45 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP John D. Rainey sold 3,000 shares of the stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $92.47, for a total transaction of $277,410.00. Following the completion of the sale, the executive vice president now directly owns 375,165 shares in the company, valued at approximately $34,691,507.55. The trade was a 0.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 2,309,091 shares of company stock valued at $183,375,539. Insiders own 45.58% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on WMT. StockNews.com lowered shares of Walmart from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, November 20th. Guggenheim boosted their price target on shares of Walmart from $90.00 to $100.00 and gave the stock a “buy” rating in a research note on Wednesday, November 20th. Jefferies Financial Group boosted their price target on shares of Walmart from $90.00 to $100.00 and gave the stock a “buy” rating in a research note on Friday, November 15th. Telsey Advisory Group upped their target price on shares of Walmart from $92.00 to $100.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 19th. Finally, Sanford C. Bernstein upped their target price on shares of Walmart from $98.00 to $102.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 20th. Two research analysts have rated the stock with a hold rating, twenty-nine have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $92.40.

Walmart Price Performance

Shares of NYSE:WMT traded down $0.14 on Thursday, reaching $94.82. 1,120,651 shares of the company were exchanged, compared to its average volume of 16,864,781. The company has a current ratio of 0.85, a quick ratio of 0.23 and a debt-to-equity ratio of 0.42. Walmart Inc. has a 1-year low of $50.21 and a 1-year high of $96.18. The firm has a market cap of $761.73 billion, a price-to-earnings ratio of 38.98, a price-to-earnings-growth ratio of 4.49 and a beta of 0.54. The company has a 50-day moving average of $85.56 and a 200-day moving average of $76.62.

Walmart (NYSE:WMT) last posted its quarterly earnings results on Tuesday, November 19th. The retailer reported $0.58 earnings per share for the quarter, topping analysts’ consensus estimates of $0.53 by $0.05. Walmart had a net margin of 2.92% and a return on equity of 21.78%. The business had revenue of $169.59 billion for the quarter, compared to analysts’ expectations of $167.69 billion. During the same period in the prior year, the company posted $0.51 EPS. The business’s revenue for the quarter was up 5.5% on a year-over-year basis. Equities analysts forecast that Walmart Inc. will post 2.47 earnings per share for the current fiscal year.

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.