Cobblestone Capital Advisors LLC NY Lowers Stock Position in Walmart Inc. (NYSE:WMT)

Cobblestone Capital Advisors LLC NY decreased its holdings in Walmart Inc. (NYSE:WMT) by 2.4% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 9,194 shares of the retailer’s stock after selling 225 shares during the quarter. Cobblestone Capital Advisors LLC NY’s holdings in Walmart were worth $807,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Full Sail Capital LLC boosted its stake in shares of Walmart by 6.6% in the fourth quarter. Full Sail Capital LLC now owns 8,702 shares of the retailer’s stock valued at $786,000 after purchasing an additional 541 shares during the period. Leslie Global Wealth LLC boosted its stake in shares of Walmart by 22.0% in the fourth quarter. Leslie Global Wealth LLC now owns 3,154 shares of the retailer’s stock valued at $285,000 after purchasing an additional 568 shares during the period. Monument Capital Management boosted its stake in shares of Walmart by 94.2% in the first quarter. Monument Capital Management now owns 55,004 shares of the retailer’s stock valued at $4,829,000 after purchasing an additional 26,685 shares during the period. Milestone Asset Management LLC boosted its stake in shares of Walmart by 156.7% in the first quarter. Milestone Asset Management LLC now owns 54,659 shares of the retailer’s stock valued at $4,799,000 after purchasing an additional 33,370 shares during the period. Finally, Rossby Financial LCC purchased a new position in shares of Walmart in the fourth quarter valued at approximately $1,404,000. Hedge funds and other institutional investors own 26.76% of the company’s stock.

Analyst Upgrades and Downgrades

WMT has been the subject of several recent research reports. Sanford C. Bernstein reissued an “outperform” rating on shares of Walmart in a research note on Monday, May 5th. KeyCorp lifted their price target on shares of Walmart from $105.00 to $110.00 and gave the stock an “overweight” rating in a research note on Monday, June 9th. Royal Bank Of Canada reiterated an “outperform” rating and issued a $103.00 price target (up previously from $102.00) on shares of Walmart in a research note on Monday, June 9th. Erste Group Bank upgraded shares of Walmart from a “hold” rating to a “buy” rating in a research note on Tuesday, August 5th. Finally, Citigroup reiterated a “buy” rating on shares of Walmart in a research note on Tuesday, May 6th. One equities research analyst has rated the stock with a hold rating, thirty-one have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus target price of $106.67.

Insider Activity

In related news, EVP John R. Furner sold 13,125 shares of Walmart stock in a transaction on Friday, June 20th. The shares were sold at an average price of $95.85, for a total value of $1,258,031.25. Following the transaction, the executive vice president directly owned 945,434 shares in the company, valued at $90,619,848.90. This trade represents a 1.37% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO C Douglas Mcmillon sold 29,148 shares of Walmart stock in a transaction on Thursday, May 22nd. The shares were sold at an average price of $96.58, for a total transaction of $2,815,113.84. Following the completion of the transaction, the chief executive officer owned 4,451,199 shares in the company, valued at approximately $429,896,799.42. This trade represents a 0.65% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 146,112 shares of company stock valued at $14,080,073. Corporate insiders own 0.10% of the company’s stock.

Walmart Stock Performance

NYSE:WMT opened at $103.77 on Monday. The firm’s fifty day moving average price is $97.30 and its 200 day moving average price is $95.39. Walmart Inc. has a 1-year low of $67.14 and a 1-year high of $105.30. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.78 and a quick ratio of 0.22. The firm has a market cap of $828.13 billion, a price-to-earnings ratio of 44.35, a price-to-earnings-growth ratio of 4.99 and a beta of 0.66.

Walmart (NYSE:WMT) last posted its quarterly earnings data on Thursday, May 15th. The retailer reported $0.61 earnings per share for the quarter, beating analysts’ consensus estimates of $0.58 by $0.03. Walmart had a net margin of 2.75% and a return on equity of 21.76%. The firm had revenue of $165.61 billion for the quarter, compared to analyst estimates of $164.53 billion. During the same period last year, the firm posted $0.60 EPS. Walmart’s quarterly revenue was up 2.5% on a year-over-year basis. On average, sell-side analysts expect that Walmart Inc. will post 2.55 EPS for the current 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.