Roberts Glore & Co. Inc. IL Sells 3,689 Shares of Walmart Inc. (NYSE:WMT)

Key Points

• Roberts Glore & Co. Inc. IL reduced its holdings in Walmart by 9.2%, now owning 36,500 shares, which constitutes approximately 1.0% of its investment portfolio.
• Multiple analysts have reaffirmed an "outperform" rating for Walmart, with target prices ranging from $103.00 to $115.00.
• In recent transactions, Walmart executives sold a combined total of 21,160 shares, resulting in significant cash transactions valued at over $2 million.

Roberts Glore & Co. Inc. IL reduced its stake in Walmart Inc. (NYSE:WMT - Free Report) by 9.2% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 36,500 shares of the retailer's stock after selling 3,689 shares during the quarter. Walmart comprises approximately 1.0% of Roberts Glore & Co. Inc. IL's holdings, making the stock its 22nd largest position. Roberts Glore & Co. Inc. IL's holdings in Walmart were worth $3,204,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the stock. Whelan Financial boosted its stake in Walmart by 2.3% during the 4th quarter. Whelan Financial now owns 4,339 shares of the retailer's stock valued at $392,000 after purchasing an additional 97 shares during the last quarter. Bedel Financial Consulting Inc. lifted its holdings in shares of Walmart by 0.4% during the first quarter. Bedel Financial Consulting Inc. now owns 25,915 shares of the retailer's stock valued at $2,275,000 after purchasing an additional 102 shares in the last quarter. Scott & Selber Inc. boosted its position in shares of Walmart by 3.7% during the first quarter. Scott & Selber Inc. now owns 2,920 shares of the retailer's stock valued at $256,000 after buying an additional 105 shares during the last quarter. Capital Advisors Wealth Management LLC boosted its position in shares of Walmart by 1.4% during the first quarter. Capital Advisors Wealth Management LLC now owns 7,794 shares of the retailer's stock valued at $684,000 after buying an additional 105 shares during the last quarter. Finally, Lauterbach Financial Advisors LLC increased its holdings in Walmart by 1.8% in the 1st quarter. Lauterbach Financial Advisors LLC now owns 5,885 shares of the retailer's stock worth $517,000 after buying an additional 106 shares in the last quarter. 26.76% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, EVP Kathryn J. Mclay sold 28,000 shares of the business's stock in a transaction on Wednesday, May 21st. The shares were sold at an average price of $97.00, for a total value of $2,716,000.00. Following the transaction, the executive vice president owned 1,064,455 shares of the company's stock, valued at approximately $103,252,135. The trade was a 2.56% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP John R. Furner sold 13,125 shares of the company's stock in a transaction on Friday, June 20th. The stock was sold at an average price of $95.85, for a total transaction of $1,258,031.25. Following the transaction, the executive vice president owned 945,434 shares of the company's stock, valued at approximately $90,619,848.90. This represents a 1.37% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 146,112 shares of company stock valued at $14,080,073 in the last 90 days. 45.58% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

WMT has been the topic of a number of recent analyst reports. Telsey Advisory Group reaffirmed an "outperform" rating and set a $115.00 price target on shares of Walmart in a report on Monday, June 9th. Sanford C. Bernstein restated an "outperform" rating on shares of Walmart in a research report on Monday, May 5th. Oppenheimer lifted their target price on shares of Walmart from $100.00 to $110.00 and gave the stock an "outperform" rating in a research report on Wednesday, May 7th. Robert W. Baird boosted their target price on shares of Walmart from $100.00 to $110.00 and gave the company an "outperform" rating in a research note on Friday, May 16th. Finally, Stifel Nicolaus dropped their price target on Walmart from $93.00 to $91.00 and set a "hold" rating on the stock in a research note on Wednesday, April 9th. One investment analyst has rated the stock with a hold rating, thirty-one have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Walmart presently has an average rating of "Buy" and a consensus price target of $106.67.

Walmart Price Performance

Walmart stock traded up $3.96 during mid-day trading on Wednesday, hitting $103.27. The stock had a trading volume of 23,730,095 shares, compared to its average volume of 13,905,739. Walmart Inc. has a one year low of $66.67 and a one year high of $105.30. The company has a current ratio of 0.78, a quick ratio of 0.22 and a debt-to-equity ratio of 0.47. The firm has a market capitalization of $824.14 billion, a P/E ratio of 44.13, a P/E/G ratio of 4.78 and a beta of 0.66. The firm's 50 day moving average is $96.95 and its 200 day moving average is $95.16.

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