TrueWealth Advisors LLC Sells 226 Shares of Walmart Inc. (NYSE:WMT)

TrueWealth Advisors LLC trimmed its position in Walmart Inc. (NYSE:WMT – Get Rating) by 14.7% in the first quarter, according to its most recent filing with the SEC. The fund owned 1,314 shares of the retailer’s stock after selling 226 shares during the period. TrueWealth Advisors LLC’s holdings in Walmart were worth $200,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of the company. Financial Advisory Service Inc. lifted its stake in shares of Walmart by 11.9% in the 1st quarter. Financial Advisory Service Inc. now owns 16,322 shares of the retailer’s stock valued at $2,431,000 after acquiring an additional 1,730 shares during the last quarter. Legacy Financial Advisors Inc. raised its position in Walmart by 9.4% during the 1st quarter. Legacy Financial Advisors Inc. now owns 5,917 shares of the retailer’s stock worth $881,000 after purchasing an additional 508 shares during the last quarter. Evolution Advisers Inc. raised its position in Walmart by 12.2% during the 1st quarter. Evolution Advisers Inc. now owns 1,147 shares of the retailer’s stock worth $171,000 after purchasing an additional 125 shares during the last quarter. Prospera Financial Services Inc raised its position in Walmart by 3.3% during the 1st quarter. Prospera Financial Services Inc now owns 69,910 shares of the retailer’s stock worth $10,413,000 after purchasing an additional 2,236 shares during the last quarter. Finally, Arvest Trust Co. N A raised its position in Walmart by 3.3% during the 1st quarter. Arvest Trust Co. N A now owns 69,216 shares of the retailer’s stock worth $10,307,000 after purchasing an additional 2,188 shares during the last quarter. 30.79% of the stock is currently owned by institutional investors.

Insider Activity

In other news, CEO C Douglas Mcmillon sold 9,708 shares of the firm’s stock in a transaction on Thursday, June 23rd. The shares were sold at an average price of $122.13, for a total transaction of $1,185,638.04. Following the sale, the chief executive officer now directly owns 1,517,160 shares in the company, valued at approximately $185,290,750.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 47.06% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on WMT. Citigroup decreased their price target on Walmart from $166.00 to $152.00 in a report on Tuesday. Morgan Stanley reduced their target price on Walmart from $156.00 to $145.00 and set an “overweight” rating for the company in a research note on Tuesday. Royal Bank of Canada reduced their target price on Walmart from $153.00 to $135.00 in a research note on Tuesday. Stephens cut their price target on Walmart to $160.00 and set an “underweight” rating for the company in a research note on Thursday, May 19th. Finally, Evercore ISI cut their price target on Walmart from $135.00 to $120.00 and set an “in-line” rating for the company in a research note on Tuesday. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and twenty-two have issued a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $145.50.

Walmart Stock Up 3.8 %

WMT opened at $126.59 on Thursday. The company has a current ratio of 0.86, a quick ratio of 0.23 and a debt-to-equity ratio of 0.43. Walmart Inc. has a 1-year low of $117.27 and a 1-year high of $160.77. The company has a market capitalization of $347.00 billion, a PE ratio of 27.22, a PEG ratio of 3.75 and a beta of 0.52. The firm’s 50 day simple moving average is $124.39 and its two-hundred day simple moving average is $137.74.

Walmart (NYSE:WMT – Get Rating) last announced its quarterly earnings data on Tuesday, May 17th. The retailer reported $1.30 EPS for the quarter, missing the consensus estimate of $1.48 by ($0.18). The firm had revenue of $141.60 billion for the quarter, compared to the consensus estimate of $138.05 billion. Walmart had a net margin of 2.26% and a return on equity of 19.05%. The firm’s revenue for the quarter was up 2.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.69 earnings per share. As a group, equities analysts forecast that Walmart Inc. will post 6.4 EPS for the current year.

Walmart Company Profile

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Walmart Inc engages in the operation of retail, wholesale, and other units 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; membership-only warehouse clubs; ecommerce websites, such as walmart.com, walmart.com.mx, walmart.ca, flipkart.com, and samsclub.com; and mobile commerce applications.