Strengthening Families & Communities LLC trimmed its holdings in Walmart Inc. (NYSE:WMT – Free Report) by 47.7% in the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 1,873 shares of the retailer’s stock after selling 1,709 shares during the period. Strengthening Families & Communities LLC’s holdings in Walmart were worth $164,000 at the end of the most recent quarter.
Several other hedge funds also recently added to or reduced their stakes in WMT. GAMMA Investing LLC grew its position in Walmart by 9,896.9% in the first quarter. GAMMA Investing LLC now owns 7,939,728 shares of the retailer’s stock worth $697,029,000 after acquiring an additional 7,860,306 shares during the period. Goldman Sachs Group Inc. increased its holdings in Walmart by 30.1% in the 1st quarter. Goldman Sachs Group Inc. now owns 33,292,749 shares of the retailer’s stock valued at $2,922,770,000 after purchasing an additional 7,706,201 shares during the last quarter. Ontario Teachers Pension Plan Board increased its holdings in Walmart by 28,684.8% in the 1st quarter. Ontario Teachers Pension Plan Board now owns 4,229,354 shares of the retailer’s stock valued at $371,295,000 after purchasing an additional 4,214,661 shares during the last quarter. Northern Trust Corp boosted its position in shares of Walmart by 8.9% during the fourth quarter. Northern Trust Corp now owns 43,641,936 shares of the retailer’s stock worth $3,943,049,000 after buying an additional 3,550,037 shares during the period. Finally, Deutsche Bank AG boosted its position in shares of Walmart by 33.4% during the first quarter. Deutsche Bank AG now owns 13,683,991 shares of the retailer’s stock worth $1,201,318,000 after buying an additional 3,427,615 shares during the period. 26.76% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Ratings Changes
A number of equities research analysts have recently weighed in on WMT shares. Mizuho lifted their price objective on Walmart from $105.00 to $115.00 and gave the company an “outperform” rating in a research note on Monday, June 9th. Royal Bank Of Canada reissued an “outperform” rating and set a $103.00 price target (up previously from $102.00) on shares of Walmart in a research report on Monday, June 9th. KeyCorp increased their price target on shares of Walmart from $105.00 to $110.00 and gave the stock an “overweight” rating in a research report on Monday, June 9th. Truist Financial upped their target price on shares of Walmart from $107.00 to $111.00 and gave the stock a “buy” rating in a research note on Friday, May 16th. Finally, Robert W. Baird upped their target price on shares of Walmart from $100.00 to $110.00 and gave the stock an “outperform” rating in a research note on Friday, May 16th. One 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 company. Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and an average target price of $106.67.
Walmart Price Performance
Shares of WMT opened at $103.77 on Friday. Walmart Inc. has a twelve month low of $67.14 and a twelve month high of $105.30. The stock’s 50 day moving average is $97.30 and its two-hundred day moving average is $95.38. The firm has a market capitalization of $828.13 billion, a PE ratio of 44.35, a P/E/G ratio of 4.99 and a beta of 0.66. The company has a current ratio of 0.78, a quick ratio of 0.22 and a debt-to-equity ratio of 0.47.
Walmart (NYSE:WMT – Get Free Report) last announced its quarterly earnings results on Thursday, May 15th. The retailer reported $0.61 EPS for the quarter, topping the consensus estimate of $0.58 by $0.03. The business had revenue of $165.61 billion for the quarter, compared to analyst estimates of $164.53 billion. Walmart had a return on equity of 21.76% and a net margin of 2.75%. The company’s quarterly revenue was up 2.5% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.60 EPS. Research analysts anticipate that Walmart Inc. will post 2.55 earnings per share for the current year.
Insider Buying and Selling at Walmart
In other news, EVP Kathryn J. Mclay sold 4,000 shares of the business’s stock in a transaction that occurred on Monday, July 21st. The stock was sold at an average price of $95.14, for a total transaction of $380,560.00. Following the sale, the executive vice president owned 1,056,455 shares of the company’s stock, valued at $100,511,128.70. The trade was a 0.38% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO C Douglas Mcmillon sold 19,416 shares of the business’s stock in a transaction that occurred on Thursday, July 24th. The stock was sold at an average price of $95.58, for a total value of $1,855,781.28. Following the sale, the chief executive officer directly owned 4,412,398 shares in the company, valued at $421,737,000.84. This trade represents a 0.44% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 146,112 shares of company stock worth $14,080,073. Corporate insiders own 45.58% of the company’s stock.
About Walmart
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.
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