Symmetry Investments LP Has $8.93 Million Holdings in Walmart Inc. (NYSE:WMT)

Symmetry Investments LP lessened its holdings in shares of Walmart Inc. (NYSE:WMT) by 64.6% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 131,850 shares of the retailer’s stock after selling 240,400 shares during the quarter. Walmart makes up 1.0% of Symmetry Investments LP’s investment portfolio, making the stock its 23rd largest holding. Symmetry Investments LP’s holdings in Walmart were worth $8,928,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in WMT. EntryPoint Capital LLC purchased a new position in Walmart in the first quarter valued at about $25,000. Northwest Capital Management Inc lifted its holdings in shares of Walmart by 199.3% during the 1st quarter. Northwest Capital Management Inc now owns 440 shares of the retailer’s stock valued at $26,000 after buying an additional 293 shares during the last quarter. TruNorth Capital Management LLC grew its stake in shares of Walmart by 138.3% in the 2nd quarter. TruNorth Capital Management LLC now owns 429 shares of the retailer’s stock valued at $29,000 after buying an additional 249 shares in the last quarter. Cultivar Capital Inc. acquired a new position in Walmart in the second quarter worth approximately $29,000. Finally, Able Wealth Management LLC bought a new position in Walmart during the fourth quarter valued at approximately $30,000. 26.76% of the stock is owned by hedge funds and other institutional investors.

Walmart Stock Up 1.3 %

Shares of Walmart stock opened at $79.06 on Friday. The business has a fifty day simple moving average of $73.44 and a 200 day simple moving average of $66.78. The stock has a market cap of $635.92 billion, a PE ratio of 33.79, a price-to-earnings-growth ratio of 4.03 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 Inc. has a 12 month low of $49.85 and a 12 month high of $81.02.

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

Insider Activity at Walmart

In other Walmart news, CEO C Douglas Mcmillon sold 29,124 shares of the stock in a transaction on Thursday, June 27th. The shares were sold at an average price of $68.39, for a total value of $1,991,790.36. Following the sale, the chief executive officer now directly owns 3,960,402 shares in the company, valued at $270,851,892.78. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, major shareholder S Robson Walton sold 359,616 shares of Walmart stock in a transaction dated Thursday, September 19th. The stock was sold at an average price of $78.25, for a total transaction of $28,139,952.00. Following the transaction, the insider now owns 603,989,702 shares in the company, valued at approximately $47,262,194,181.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO C Douglas Mcmillon sold 29,124 shares of the business’s stock in a transaction that occurred on Thursday, June 27th. The shares were sold at an average price of $68.39, for a total value of $1,991,790.36. Following the completion of the transaction, the chief executive officer now owns 3,960,402 shares of the company’s stock, valued at $270,851,892.78. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 12,369,039 shares of company stock worth $959,826,083. 45.58% of the stock is currently owned by company insiders.

Analyst Ratings Changes

WMT has been the topic of several analyst reports. Royal Bank of Canada increased their price target on shares of Walmart from $74.00 to $80.00 and gave the stock an “outperform” rating in a research note on Friday, August 16th. Guggenheim increased their target price on shares of Walmart from $75.00 to $81.00 and gave the stock a “buy” rating in a research report on Friday, August 16th. Piper Sandler restated an “overweight” rating and set a $83.00 target price (up from $81.00) on shares of Walmart in a report on Friday, August 16th. BMO Capital Markets reiterated an “outperform” rating and set a $80.00 price target on shares of Walmart in a research note on Friday, August 16th. Finally, JPMorgan Chase & Co. raised their price objective on Walmart from $81.00 to $83.00 and gave the company an “overweight” rating in a research note on Friday, August 16th. Two research 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 MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $78.99.

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.