Strategic Advisors LLC Trims Position in Walmart Inc. (NYSE:WMT)

Strategic Advisors LLC lowered its stake in shares of Walmart Inc. (NYSE:WMTGet Rating) by 9.7% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 6,605 shares of the retailer’s stock after selling 711 shares during the period. Strategic Advisors LLC’s holdings in Walmart were worth $983,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of WMT. Congress Wealth Management LLC DE purchased a new position in Walmart during the fourth quarter worth approximately $654,000. Envestnet Asset Management Inc. raised its stake in Walmart by 6.8% during the fourth quarter. Envestnet Asset Management Inc. now owns 1,212,770 shares of the retailer’s stock worth $175,476,000 after purchasing an additional 77,267 shares during the period. Ameritas Advisory Services LLC purchased a new position in Walmart during the fourth quarter worth approximately $4,078,000. Corundum Group Inc. raised its stake in shares of Walmart by 21.4% in the 4th quarter. Corundum Group Inc. now owns 3,151 shares of the retailer’s stock valued at $456,000 after acquiring an additional 555 shares during the period. Finally, Karpas Strategies LLC raised its stake in shares of Walmart by 21.3% in the 4th quarter. Karpas Strategies LLC now owns 2,514 shares of the retailer’s stock valued at $364,000 after acquiring an additional 441 shares during the period. Hedge funds and other institutional investors own 30.79% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently commented on WMT. Guggenheim cut their target price on shares of Walmart from $185.00 to $175.00 and set a “na” rating on the stock in a research note on Wednesday, May 18th. Credit Suisse Group raised their target price on shares of Walmart from $133.00 to $145.00 and gave the company an “outperform” rating in a research note on Wednesday. MKM Partners cut their target price on shares of Walmart from $159.00 to $152.00 and set a “buy” rating on the stock in a research note on Tuesday, July 26th. Piper Sandler began coverage on shares of Walmart in a research note on Wednesday, August 3rd. They issued a “neutral” rating and a $135.00 target price on the stock. Finally, Raymond James raised their target price on shares of Walmart from $140.00 to $150.00 and gave the company an “outperform” rating in a research note on Wednesday. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and twenty have given a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $147.80.

Insider Activity

In related news, CEO C Douglas Mcmillon sold 9,708 shares of Walmart stock in a transaction dated Thursday, July 28th. The shares were sold at an average price of $127.05, for a total value of $1,233,401.40. Following the sale, the chief executive officer now directly owns 1,507,454 shares in the company, valued at approximately $191,522,030.70. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. In the last three months, insiders sold 29,124 shares of company stock valued at $3,638,461. Company insiders own 47.06% of the company’s stock.

Walmart Trading Up 0.5 %

NYSE WMT opened at $140.03 on Wednesday. Walmart Inc. has a one year low of $117.27 and a one year high of $160.77. The company has a 50-day simple moving average of $126.05 and a 200-day simple moving average of $136.66. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.23 and a current ratio of 0.86. The firm has a market capitalization of $383.84 billion, a PE ratio of 29.97, a price-to-earnings-growth ratio of 4.24 and a beta of 0.53.

Walmart (NYSE:WMTGet Rating) last posted its quarterly earnings results on Tuesday, August 16th. The retailer reported $1.77 EPS for the quarter, beating the consensus estimate of $1.60 by $0.17. Walmart had a net margin of 2.26% and a return on equity of 19.05%. The business had revenue of $152.86 billion during the quarter, compared to analyst estimates of $149.96 billion. During the same period in the previous year, the business posted $1.78 EPS. The company’s quarterly revenue was up 8.4% on a year-over-year basis. On average, equities analysts forecast that Walmart Inc. will post 5.68 earnings per share for the current year.

Walmart 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.

Further Reading

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Institutional Ownership by Quarter for Walmart (NYSE:WMT)

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