Walmart Inc. (NYSE:WMT) Shares Sold by Quotient Wealth Partners LLC

Quotient Wealth Partners LLC cut its position in shares of Walmart Inc. (NYSE:WMT) by 13.2% during the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 24,959 shares of the retailer’s stock after selling 3,793 shares during the period. Quotient Wealth Partners LLC’s holdings in Walmart were worth $2,015,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. EntryPoint Capital LLC purchased a new stake in shares of Walmart in the first quarter valued at approximately $25,000. Northwest Capital Management Inc increased its holdings in Walmart by 199.3% in the 1st quarter. Northwest Capital Management Inc now owns 440 shares of the retailer’s stock worth $26,000 after acquiring an additional 293 shares in the last quarter. TruNorth Capital Management LLC raised its position in Walmart by 138.3% during the second quarter. TruNorth Capital Management LLC now owns 429 shares of the retailer’s stock worth $29,000 after acquiring an additional 249 shares during the period. Cultivar Capital Inc. purchased a new position in Walmart during the second quarter valued at $29,000. Finally, Able Wealth Management LLC acquired a new stake in shares of Walmart in the fourth quarter valued at about $30,000. Institutional investors and hedge funds own 26.76% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the company. TD Cowen lifted their price target on Walmart from $80.00 to $85.00 and gave the stock a “buy” rating in a research note on Friday, August 16th. The Goldman Sachs Group lifted their target price on shares of Walmart from $73.00 to $81.00 and gave the stock a “buy” rating in a research note on Friday, August 16th. Wells Fargo & Company increased their target price on shares of Walmart from $81.00 to $88.00 and gave the company an “overweight” rating in a research report on Monday, September 23rd. Barclays boosted their price target on shares of Walmart from $66.00 to $78.00 and gave the stock an “overweight” rating in a research report on Friday, August 16th. Finally, Truist Financial upgraded shares of Walmart from a “hold” rating to a “buy” rating and increased their price objective for the company from $76.00 to $89.00 in a report on Tuesday, September 24th. One equities research analyst has rated the stock with a hold rating, twenty-eight have issued a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, Walmart presently has an average rating of “Buy” and a consensus price target of $81.96.

Walmart Stock Down 0.9 %

Shares of NYSE WMT traded down $0.70 during mid-day trading on Thursday, hitting $79.70. The company had a trading volume of 3,133,075 shares, compared to its average volume of 17,283,553. Walmart Inc. has a 1-year low of $49.85 and a 1-year high of $81.60. The company has a market capitalization of $641.07 billion, a PE ratio of 34.10, a price-to-earnings-growth ratio of 4.05 and a beta of 0.51. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.80 and a quick ratio of 0.22. The business’s 50-day simple moving average is $76.12 and its 200 day simple moving average is $68.61.

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, beating the consensus estimate of $0.65 by $0.02. Walmart had a return on equity of 21.72% and a net margin of 2.34%. The business had revenue of $169.30 billion during the quarter, compared to analysts’ expectations of $168.56 billion. During the same quarter last year, the business posted $0.61 EPS. The business’s quarterly revenue was up 4.7% compared to the same quarter last year. On average, analysts predict that Walmart Inc. will post 2.44 earnings per share for the current year.

Insider Activity

In related news, major shareholder Alice L. Walton sold 2,709,163 shares of the company’s stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $77.37, for a total value of $209,607,941.31. Following the completion of the transaction, the insider now directly owns 630,501,148 shares of the company’s stock, valued at $48,781,873,820.76. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In related news, major shareholder Alice L. Walton sold 2,709,163 shares of the business’s stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $77.37, for a total value of $209,607,941.31. Following the transaction, the insider now owns 630,501,148 shares in the company, valued at $48,781,873,820.76. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, EVP John D. Rainey sold 3,000 shares of the stock in a transaction that occurred on Tuesday, October 1st. The stock was sold at an average price of $80.97, for a total value of $242,910.00. Following the sale, the executive vice president now directly owns 381,165 shares of the company’s stock, valued at $30,862,930.05. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 12,337,670 shares of company stock worth $958,267,937. 45.58% of the stock is currently owned by insiders.

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.