Aries Wealth Management Trims Stake in Walmart Inc. (NYSE:WMT)

Aries Wealth Management cut its stake in Walmart Inc. (NYSE:WMT) by 0.8% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 17,337 shares of the retailer’s stock after selling 132 shares during the period. Walmart accounts for approximately 1.4% of Aries Wealth Management’s portfolio, making the stock its 16th largest position. Aries Wealth Management’s holdings in Walmart were worth $2,426,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the business. Evolution Wealth Advisors LLC lifted its position in Walmart by 640.6% during the second quarter. Evolution Wealth Advisors LLC now owns 237 shares of the retailer’s stock valued at $28,000 after buying an additional 205 shares during the period. Atlantic Trust LLC increased its stake in shares of Walmart by 42.0% in the 2nd quarter. Atlantic Trust LLC now owns 284 shares of the retailer’s stock worth $34,000 after acquiring an additional 84 shares in the last quarter. Marquette Asset Management LLC purchased a new position in Walmart during the 2nd quarter valued at about $34,000. Selective Wealth Management Inc. bought a new stake in Walmart during the second quarter worth about $36,000. Finally, Costello Asset Management INC purchased a new stake in Walmart in the second quarter worth about $38,000. 29.34% of the stock is currently owned by institutional investors and hedge funds.

WMT has been the topic of several recent research reports. Raymond James upped their price target on Walmart from $140.00 to $145.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 19th. Morgan Stanley raised their price target on Walmart from $140.00 to $150.00 and gave the company an “overweight” rating in a report on Monday, July 20th. Cowen reiterated a “buy” rating and issued a $155.00 price target on shares of Walmart in a research note on Wednesday, October 7th. Oppenheimer restated a “buy” rating and set a $152.00 price objective (up from $145.00) on shares of Walmart in a research note on Tuesday, September 22nd. Finally, DZ Bank upgraded 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 investment analysts have rated the stock with a sell rating, nine have issued a hold rating and twenty-seven have given a buy rating to the company. Walmart presently has an average rating of “Buy” and a consensus target price of $141.46.

In other news, EVP Marc E. Lore sold 85,000 shares of the firm’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 sale, the executive vice president now owns 1,858,073 shares of the company’s stock, valued at approximately $240,100,193.06. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder Alice L. Walton sold 752,085 shares of the firm’s stock in a transaction that occurred on Tuesday, September 29th. The stock was sold at an average price of $137.20, for a total transaction of $103,186,062.00. Following the sale, the insider now directly owns 11,323,580 shares in the company, valued at approximately $1,553,595,176. The disclosure for this sale can be found here. In the last three months, insiders sold 1,011,690 shares of company stock valued at $138,850,587. Insiders own 50.43% of the company’s stock.

WMT stock opened at $144.71 on Friday. The company has a market capitalization of $410.07 billion, a P/E ratio of 23.08, a price-to-earnings-growth ratio of 4.60 and a beta of 0.28. Walmart Inc. has a 12 month low of $102.00 and a 12 month high of $151.33. The firm’s fifty day simple moving average is $139.94 and its 200-day simple moving average is $129.14. The company has a debt-to-equity ratio of 0.56, a current ratio of 0.79 and a quick ratio of 0.29.

Walmart (NYSE:WMT) last posted its earnings results on Tuesday, August 18th. The retailer reported $1.56 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.25 by $0.31. The company 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%. The firm’s quarterly revenue was up 2.8% on a year-over-year basis. During the same period in the previous year, the firm posted $1.27 earnings per share. As a group, sell-side analysts forecast that Walmart Inc. will post 5.28 earnings per share for the current year.

Walmart 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.

Further Reading: Insider Trading

Institutional Ownership by Quarter for Walmart (NYSE:WMT)

Receive News & Ratings for Walmart Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Walmart and related companies with MarketBeat.com's FREE daily email newsletter.