LSV Asset Management Cuts Stake in Walmart Inc. (NYSE:WMT)

LSV Asset Management decreased its stake in Walmart Inc. (NYSE:WMT) by 64.3% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 70,300 shares of the retailer’s stock after selling 126,520 shares during the period. LSV Asset Management’s holdings in Walmart were worth $4,760,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of the stock. AHL Investment Management Inc. raised its stake in shares of Walmart by 192.1% during the first quarter. AHL Investment Management Inc. now owns 24,000 shares of the retailer’s stock valued at $1,444,000 after purchasing an additional 15,785 shares during the period. Core Wealth Advisors Inc. lifted its holdings in Walmart by 38.9% in the 4th quarter. Core Wealth Advisors Inc. now owns 1,501 shares of the retailer’s stock worth $237,000 after buying an additional 420 shares in the last quarter. Liberty Wealth Management LLC purchased a new position in Walmart in the 1st quarter valued at about $270,000. Commerce Bank grew its stake in shares of Walmart by 189.4% during the first quarter. Commerce Bank now owns 917,625 shares of the retailer’s stock valued at $55,213,000 after acquiring an additional 600,521 shares in the last quarter. Finally, Envestnet Portfolio Solutions Inc. increased its position in shares of Walmart by 290.7% during the first quarter. Envestnet Portfolio Solutions Inc. now owns 270,065 shares of the retailer’s stock worth $16,250,000 after acquiring an additional 200,947 shares during the last quarter. Institutional investors and hedge funds own 26.76% of the company’s stock.

Insiders Place Their Bets

In other Walmart news, major shareholder S Robson Walton sold 4,057,369 shares of the business’s stock in a transaction dated Monday, September 9th. The shares were sold at an average price of $77.20, for a total value of $313,228,886.80. Following the sale, the insider now directly owns 611,988,318 shares in the company, valued at $47,245,498,149.60. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other news, major shareholder S Robson Walton sold 4,057,369 shares of the stock in a transaction on Monday, September 9th. The stock was sold at an average price of $77.20, for a total transaction of $313,228,886.80. Following the completion of the sale, the insider now owns 611,988,318 shares in the company, valued at approximately $47,245,498,149.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP David Chojnowski sold 8,791 shares of Walmart stock in a transaction dated Wednesday, June 26th. The stock was sold at an average price of $68.00, for a total value of $597,788.00. Following the completion of the transaction, the senior vice president now directly owns 94,415 shares in the company, valued at approximately $6,420,220. The disclosure for this sale can be found here. Insiders sold 10,513,707 shares of company stock worth $797,374,003 over the last ninety days. Company insiders own 45.58% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the company. The Goldman Sachs Group increased their price target on Walmart from $73.00 to $81.00 and gave the company a “buy” rating in a report on Friday, August 16th. Citigroup raised their price target on shares of Walmart from $63.33 to $75.00 and gave the stock a “buy” rating in a research report on Friday, May 17th. Raymond James upped their price target on shares of Walmart from $63.00 to $70.00 and gave the company an “outperform” rating in a report on Friday, May 17th. KeyCorp raised their price objective on shares of Walmart from $75.00 to $82.00 and gave the stock an “overweight” rating in a report on Wednesday, July 17th. Finally, Truist Financial upped their target price on shares of Walmart from $64.00 to $76.00 and gave the company a “hold” rating in a research note on Friday, August 16th. Two investment analysts have rated the stock with a hold rating, twenty-six have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $78.99.

Walmart Stock Up 0.0 %

WMT stock opened at $78.84 on Thursday. The firm’s 50-day simple moving average is $72.07 and its 200 day simple moving average is $65.85. Walmart Inc. has a fifty-two week low of $49.85 and a fifty-two week high of $78.92. The stock has a market cap of $633.74 billion, a PE ratio of 33.74, a price-to-earnings-growth ratio of 3.84 and a beta of 0.51. The company has a quick ratio of 0.22, a current ratio of 0.80 and a debt-to-equity ratio of 0.46.

Walmart (NYSE:WMT) last issued its quarterly earnings results on Thursday, August 15th. The retailer reported $0.67 EPS for the quarter, beating analysts’ consensus estimates of $0.65 by $0.02. The company had revenue of $169.30 billion for the quarter, compared to analyst estimates of $168.56 billion. Walmart had a return on equity of 21.72% and a net margin of 2.34%. The company’s quarterly revenue was up 4.7% compared to the same quarter last year. During the same period last year, the company earned $0.61 earnings per share. As a group, sell-side analysts predict that Walmart Inc. will post 2.44 EPS for the current year.

Walmart 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.