PCG Asset Management LLC Sells 400 Shares of Walmart Inc. (NYSE:WMT)

PCG Asset Management LLC decreased its position in shares of Walmart Inc. (NYSE:WMT) by 4.8% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 7,918 shares of the retailer’s stock after selling 400 shares during the period. PCG Asset Management LLC’s holdings in Walmart were worth $695,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Eagle Capital Management LLC lifted its position in shares of Walmart by 9.1% in the fourth quarter. Eagle Capital Management LLC now owns 3,861 shares of the retailer’s stock valued at $349,000 after acquiring an additional 321 shares in the last quarter. Brighton Jones LLC lifted its position in shares of Walmart by 28.8% in the fourth quarter. Brighton Jones LLC now owns 98,150 shares of the retailer’s stock worth $8,868,000 after buying an additional 21,939 shares in the last quarter. Revolve Wealth Partners LLC raised its holdings in shares of Walmart by 5.8% during the 4th quarter. Revolve Wealth Partners LLC now owns 8,849 shares of the retailer’s stock worth $800,000 after acquiring an additional 485 shares in the last quarter. Highview Capital Management LLC DE raised its stake in Walmart by 4.9% during the fourth quarter. Highview Capital Management LLC DE now owns 36,945 shares of the retailer’s stock valued at $3,338,000 after purchasing an additional 1,720 shares in the last quarter. Finally, Sagespring Wealth Partners LLC purchased a new stake in shares of Walmart during the 4th quarter valued at about $10,972,000. Institutional investors own 26.76% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the company. DA Davidson restated a “buy” rating and set a $117.00 price target on shares of Walmart in a report on Friday, May 16th. Oppenheimer raised their price objective on Walmart from $100.00 to $110.00 and gave the stock an “outperform” rating in a report on Wednesday, May 7th. Erste Group Bank raised shares of Walmart from a “hold” rating to a “buy” rating in a report on Tuesday, August 5th. Wall Street Zen upgraded Walmart from a “hold” rating to a “buy” rating in a research note on Monday, May 12th. Finally, Truist Financial lifted their price target on shares of Walmart from $107.00 to $111.00 and gave the stock a “buy” rating in a report on Friday, May 16th. One research analyst has rated the stock with a hold rating, thirty-one have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average price target of $106.67.

Walmart Trading Up 0.6%

Shares of NYSE:WMT opened at $103.77 on Monday. 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 capitalization 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 Inc. has a 1 year low of $67.14 and a 1 year high of $105.30. The business’s 50 day moving average price is $97.30 and its 200-day moving average price is $95.39.

Walmart (NYSE:WMT) last posted its quarterly earnings data on Thursday, May 15th. The retailer reported $0.61 earnings per share (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 net margin of 2.75% and a return on equity of 21.76%. The company’s revenue was up 2.5% compared to the same quarter last year. During the same period last year, the firm posted $0.60 earnings per share. On average, equities research analysts forecast that Walmart Inc. will post 2.55 earnings per share for the current fiscal year.

Insider Activity at Walmart

In other news, 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 transaction of $1,855,781.28. Following the transaction, the chief executive officer directly owned 4,412,398 shares in the company, valued at $421,737,000.84. The trade was a 0.44% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP John D. Rainey sold 2,200 shares of the business’s stock in a transaction that occurred on Friday, August 1st. The stock was sold at an average price of $98.30, for a total value of $216,260.00. Following the transaction, the executive vice president owned 626,118 shares in the company, valued at approximately $61,547,399.40. This represents a 0.35% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 146,112 shares of company stock worth $14,080,073 over the last 90 days. Corporate insiders own 0.10% of the company’s stock.

Walmart Company 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.