Walmart Inc. (NYSE:WMT) Shares Sold by Brookstone Capital Management

Brookstone Capital Management decreased its stake in shares of Walmart Inc. (NYSE:WMT) by 4.0% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 272,041 shares of the retailer’s stock after selling 11,448 shares during the period. Brookstone Capital Management’s holdings in Walmart were worth $21,967,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the stock. Trust Co of Kansas bought a new position in shares of Walmart during the 3rd quarter valued at about $361,000. Reliant Investment Management LLC boosted its position in shares of Walmart by 41.8% during the 3rd quarter. Reliant Investment Management LLC now owns 5,814 shares of the retailer’s stock valued at $469,000 after purchasing an additional 1,713 shares in the last quarter. Atomi Financial Group Inc. boosted its position in shares of Walmart by 4.6% during the 3rd quarter. Atomi Financial Group Inc. now owns 51,388 shares of the retailer’s stock valued at $4,150,000 after purchasing an additional 2,252 shares in the last quarter. Park Place Capital Corp boosted its position in shares of Walmart by 4.7% during the 3rd quarter. Park Place Capital Corp now owns 27,592 shares of the retailer’s stock valued at $2,228,000 after purchasing an additional 1,227 shares in the last quarter. Finally, Tealwood Asset Management Inc. bought a new position in shares of Walmart during the 3rd quarter valued at about $465,000. Institutional investors and hedge funds own 26.76% of the company’s stock.

Walmart Trading Up 0.8 %

Shares of Walmart stock opened at $79.71 on Wednesday. The company’s fifty day simple moving average is $75.67 and its 200-day simple moving average is $68.39. The company has a market cap of $640.73 billion, a price-to-earnings ratio of 34.11, a PEG ratio of 4.05 and a beta of 0.51. The company has a current ratio of 0.80, a quick ratio of 0.22 and a debt-to-equity ratio of 0.46. Walmart Inc. has a 1 year low of $49.85 and a 1 year high of $81.60.

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

Insider Transactions at Walmart

In other news, EVP Daniel J. Bartlett sold 2,063 shares of the firm’s stock in a transaction on Monday, September 16th. The shares were sold at an average price of $80.76, for a total value of $166,607.88. Following the sale, the executive vice president now owns 459,558 shares in the company, valued at approximately $37,113,904.08. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, major shareholder Alice L. Walton sold 2,709,163 shares of the business’s stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $77.37, for a total value of $209,607,941.31. Following the sale, the insider now owns 630,501,148 shares in the company, valued at approximately $48,781,873,820.76. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Daniel J. Bartlett sold 2,063 shares of the business’s stock in a transaction on Monday, September 16th. The shares were sold at an average price of $80.76, for a total transaction of $166,607.88. Following the completion of the sale, the executive vice president now owns 459,558 shares in the company, valued at $37,113,904.08. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 12,337,670 shares of company stock worth $958,267,937. Insiders own 45.58% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on WMT. Piper Sandler restated an “overweight” rating and set a $83.00 price objective (up previously from $81.00) on shares of Walmart in a research report on Friday, August 16th. UBS Group raised their price objective 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. Telsey Advisory Group raised their target price on shares of Walmart from $82.00 to $92.00 and gave the stock an “outperform” rating in a report on Tuesday. JPMorgan Chase & Co. raised their target price on shares of Walmart from $81.00 to $83.00 and gave the stock an “overweight” rating in a report on Friday, August 16th. Finally, Stifel Nicolaus raised their target price on shares of Walmart from $71.00 to $73.00 and gave the stock a “hold” rating in a report on Tuesday, August 13th. One analyst has rated the stock with a hold rating, twenty-eight have given a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, Walmart has a consensus rating of “Buy” and an average price target of $81.96.

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.