Walmart Inc. (NYSE:WMT) Stake Lowered by Greystone Financial Group LLC

Greystone Financial Group LLC cut its stake in Walmart Inc. (NYSE:WMT) by 3.1% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 174,796 shares of the retailer’s stock after selling 5,684 shares during the quarter. Walmart makes up 2.5% of Greystone Financial Group LLC’s portfolio, making the stock its 11th biggest holding. Greystone Financial Group LLC’s holdings in Walmart were worth $14,115,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Hoese & Co LLP bought a new stake in Walmart in the third quarter worth approximately $33,000. EntryPoint Capital LLC acquired a new stake in shares of Walmart in the 1st quarter valued at $25,000. TruNorth Capital Management LLC boosted its holdings in Walmart by 138.3% in the second quarter. TruNorth Capital Management LLC now owns 429 shares of the retailer’s stock worth $29,000 after purchasing an additional 249 shares in the last quarter. Cultivar Capital Inc. acquired a new position in Walmart during the second quarter worth $29,000. Finally, Livelsberger Financial Advisory acquired a new position in Walmart during the third quarter worth $36,000. 26.76% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Walmart news, EVP John D. Rainey sold 3,000 shares of the business’s stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $69.19, for a total value of $207,570.00. Following the transaction, the executive vice president now directly owns 387,165 shares in the company, valued at $26,787,946.35. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Walmart news, major shareholder S Robson Walton sold 4,057,369 shares of Walmart stock in a transaction on Monday, September 9th. The stock was sold at an average price of $77.20, for a total value of $313,228,886.80. Following the completion of the transaction, the insider now owns 611,988,318 shares in the company, valued at approximately $47,245,498,149.60. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP John D. Rainey sold 3,000 shares of the stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $69.19, for a total value of $207,570.00. Following the sale, the executive vice president now owns 387,165 shares in the company, valued at $26,787,946.35. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 12,295,088 shares of company stock worth $955,284,831 in the last quarter. 45.58% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the company. Bank of America upped their price target on Walmart from $75.00 to $85.00 and gave the stock a “buy” rating in a research note on Friday, August 16th. TD Cowen lifted their price target on shares of Walmart from $80.00 to $85.00 and gave the company a “buy” rating in a research report on Friday, August 16th. DA Davidson boosted their price objective on shares of Walmart from $75.00 to $85.00 and gave the stock a “buy” rating in a research note on Friday, August 16th. Roth Mkm lifted their target price on shares of Walmart from $71.00 to $81.00 and gave the stock a “buy” rating in a report on Friday, August 16th. Finally, Barclays boosted their target price on shares of Walmart from $66.00 to $78.00 and gave the stock an “overweight” rating in a research report on Friday, August 16th. One equities research analyst has rated the stock with a hold rating, twenty-nine have given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, Walmart currently has a consensus rating of “Buy” and an average target price of $83.51.

Walmart Trading Down 0.3 %

WMT stock opened at $83.05 on Friday. The company has a current ratio of 0.80, a quick ratio of 0.22 and a debt-to-equity ratio of 0.46. The firm has a market cap of $667.58 billion, a P/E ratio of 43.18, a P/E/G ratio of 4.11 and a beta of 0.51. Walmart Inc. has a 1-year low of $49.85 and a 1-year high of $83.34. The business’s 50 day moving average is $78.71 and its 200-day moving average is $70.08.

Walmart (NYSE:WMT) last released its quarterly earnings data on Thursday, August 15th. The retailer reported $0.67 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.65 by $0.02. Walmart had a return on equity of 21.72% and a net margin of 2.34%. The firm had revenue of $169.30 billion during the quarter, compared to analyst estimates of $168.56 billion. During the same period in the prior year, the company posted $0.61 earnings per share. The business’s revenue for the quarter was up 4.7% compared to the same quarter last year. Equities analysts anticipate that Walmart Inc. will post 2.44 earnings per share for the current fiscal year.

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.