Walmart Inc. (NYSE:WMT) Stock Position Reduced by Wolff Wiese Magana LLC

Wolff Wiese Magana LLC cut its stake in shares of Walmart Inc. (NYSE:WMTGet Rating) by 40.2% during the second quarter, HoldingsChannel.com reports. The firm owned 11,417 shares of the retailer’s stock after selling 7,670 shares during the period. Wolff Wiese Magana LLC’s holdings in Walmart were worth $1,388,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Cordant Inc. purchased a new position in Walmart during the first quarter valued at approximately $25,000. Conrad Siegel Investment Advisors Inc. acquired a new stake in Walmart in the first quarter valued at approximately $27,000. Ulland Investment Advisors LLC lifted its stake in Walmart by 442.9% in the first quarter. Ulland Investment Advisors LLC now owns 190 shares of the retailer’s stock valued at $28,000 after acquiring an additional 155 shares during the last quarter. Swaine & Leidel Wealth Services LLC acquired a new stake in Walmart in the first quarter valued at approximately $28,000. Finally, Gibson Wealth Advisors LLC acquired a new stake in Walmart in the fourth quarter valued at approximately $29,000. 31.26% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on WMT shares. UBS Group lifted their target price on shares of Walmart from $152.00 to $158.00 in a research note on Wednesday, August 17th. Robert W. Baird lifted their target price on shares of Walmart from $140.00 to $155.00 in a research note on Tuesday, August 16th. Citigroup boosted their price objective on shares of Walmart from $152.00 to $162.00 and gave the stock a “buy” rating in a research note on Wednesday, August 17th. Evercore ISI reduced their price objective on shares of Walmart from $135.00 to $120.00 and set an “in-line” rating for the company in a research note on Tuesday, July 26th. Finally, Piper Sandler started coverage on shares of Walmart in a research note on Wednesday, August 3rd. They issued a “neutral” rating and a $135.00 price objective for the company. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, seventeen have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $151.41.

Insider Buying and Selling

In related news, CEO C Douglas Mcmillon sold 9,708 shares of the stock in a transaction that occurred on Thursday, August 25th. The stock was sold at an average price of $135.63, for a total transaction of $1,316,696.04. Following the completion of the sale, the chief executive officer now directly owns 1,497,747 shares of the company’s stock, valued at approximately $203,139,425.61. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In other news, Director S Robson Walton sold 347,542 shares of the firm’s stock in a transaction that occurred on Thursday, August 25th. The shares were sold at an average price of $135.66, for a total transaction of $47,147,547.72. Following the completion of the transaction, the director now directly owns 282,330,635 shares of the company’s stock, valued at approximately $38,300,973,944.10. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO C Douglas Mcmillon sold 9,708 shares of the firm’s stock in a transaction that occurred on Thursday, August 25th. The stock was sold at an average price of $135.63, for a total transaction of $1,316,696.04. Following the transaction, the chief executive officer now directly owns 1,497,747 shares of the company’s stock, valued at $203,139,425.61. The disclosure for this sale can be found here. In the last three months, insiders sold 2,142,416 shares of company stock valued at $295,973,941. 47.06% of the stock is owned by corporate insiders.

Walmart Trading Down 3.1 %

Shares of NYSE:WMT traded down $4.15 during mid-day trading on Friday, reaching $129.24. The stock had a trading volume of 304,677 shares, compared to its average volume of 6,263,060. The firm has a market cap of $350.79 billion, a PE ratio of 26.11, a price-to-earnings-growth ratio of 4.19 and a beta of 0.52. The firm has a 50 day simple moving average of $132.60 and a two-hundred day simple moving average of $136.13. The company has a current ratio of 0.84, a quick ratio of 0.24 and a debt-to-equity ratio of 0.40. Walmart Inc. has a twelve month low of $117.27 and a twelve month high of $160.77.

Walmart (NYSE:WMTGet Rating) last announced its quarterly earnings results on Tuesday, August 16th. The retailer reported $1.77 earnings per share for the quarter, beating analysts’ consensus estimates of $1.60 by $0.17. The business had revenue of $152.86 billion for the quarter, compared to the consensus estimate of $149.96 billion. Walmart had a net margin of 2.36% and a return on equity of 18.95%. Walmart’s revenue for the quarter was up 8.4% on a year-over-year basis. During the same period last year, the company posted $1.78 EPS. On average, research analysts predict that Walmart Inc. will post 5.85 EPS for the current fiscal 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.

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Institutional Ownership by Quarter for Walmart (NYSE:WMT)

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