Walmart Inc. (NYSE:WMT) Shares Sold by ProShare Advisors LLC

ProShare Advisors LLC lessened its holdings in shares of Walmart Inc. (NYSE:WMT) by 3.4% during the 2nd quarter, HoldingsChannel reports. The firm owned 3,692,033 shares of the retailer’s stock after selling 128,059 shares during the period. Walmart comprises approximately 0.7% of ProShare Advisors LLC’s holdings, making the stock its 23rd biggest position. ProShare Advisors LLC’s holdings in Walmart were worth $249,988,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in WMT. Landmark Financial Advisors LLC boosted its position in shares of Walmart by 1.0% during the 4th quarter. Landmark Financial Advisors LLC now owns 7,055 shares of the retailer’s stock valued at $1,112,000 after acquiring an additional 70 shares during the last quarter. Syverson Strege & Co boosted its position in shares of Walmart by 2.6% during the 4th quarter. Syverson Strege & Co now owns 3,377 shares of the retailer’s stock valued at $532,000 after acquiring an additional 85 shares during the last quarter. Amussen Hunsaker Associates LLC boosted its position in shares of Walmart by 0.5% during the 4th quarter. Amussen Hunsaker Associates LLC now owns 15,979 shares of the retailer’s stock valued at $2,519,000 after acquiring an additional 86 shares during the last quarter. Per Stirling Capital Management LLC. boosted its position in shares of Walmart by 2.6% during the 4th quarter. Per Stirling Capital Management LLC. now owns 4,009 shares of the retailer’s stock valued at $632,000 after acquiring an additional 100 shares during the last quarter. Finally, Pin Oak Investment Advisors Inc. boosted its position in shares of Walmart by 1.6% during the 4th quarter. Pin Oak Investment Advisors Inc. now owns 6,166 shares of the retailer’s stock valued at $975,000 after acquiring an additional 100 shares during the last quarter. Institutional investors and hedge funds own 26.76% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on WMT. Guggenheim boosted their price target on shares of Walmart from $75.00 to $81.00 and gave the company a “buy” rating in a research report on Friday, August 16th. 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 report on Friday, August 16th. UBS Group upped their target price on shares of Walmart from $74.00 to $81.00 and gave the company a “buy” rating in a research report on Friday, August 16th. The Goldman Sachs Group upped their target price on shares of Walmart from $73.00 to $81.00 and gave the company a “buy” rating in a research report on Friday, August 16th. Finally, Wells Fargo & Company upped their target price on shares of Walmart from $75.00 to $81.00 and gave the company an “overweight” rating in a research report 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 assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Walmart has a consensus rating of “Moderate Buy” and a consensus price target of $78.99.

Insider Buying and Selling at Walmart

In other Walmart news, SVP David Chojnowski sold 8,791 shares of the stock in a transaction that occurred on Wednesday, June 26th. The shares were sold at an average price of $68.00, for a total value of $597,788.00. Following the transaction, the senior vice president now directly owns 94,415 shares in the company, valued at $6,420,220. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Walmart news, SVP David Chojnowski sold 8,791 shares of the stock in a transaction that occurred on Wednesday, June 26th. The shares were sold at an average price of $68.00, for a total value of $597,788.00. Following the transaction, the senior vice president now directly owns 94,415 shares in the company, valued at $6,420,220. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP John D. Rainey sold 25,578 shares of the stock in a transaction that occurred on Monday, July 1st. The shares were sold at an average price of $67.58, for a total transaction of $1,728,561.24. Following the completion of the transaction, the executive vice president now owns 390,165 shares in the company, valued at $26,367,350.70. The disclosure for this sale can be found here. Insiders have sold 12,369,039 shares of company stock worth $959,826,083 over the last three months. Insiders own 45.58% of the company’s stock.

Walmart Stock Up 1.3 %

WMT stock opened at $79.06 on Friday. The company’s 50 day moving average price is $73.44 and its 200 day moving average price is $66.83. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.22 and a current ratio of 0.80. Walmart Inc. has a fifty-two week low of $49.85 and a fifty-two week high of $81.02. The firm has a market capitalization of $635.92 billion, a price-to-earnings ratio of 33.79, a PEG ratio of 4.03 and a beta of 0.51.

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

About Walmart

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.