Global X Japan Co. Ltd. Sells 1,204 Shares of Walmart Inc. (NYSE:WMT)

Global X Japan Co. Ltd. trimmed its position in shares of Walmart Inc. (NYSE:WMT) by 16.8% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 5,976 shares of the retailer’s stock after selling 1,204 shares during the quarter. Global X Japan Co. Ltd.’s holdings in Walmart were worth $483,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of WMT. EntryPoint Capital LLC acquired a new stake in Walmart in the 1st quarter valued at about $25,000. TruNorth Capital Management LLC increased its holdings in shares of Walmart by 138.3% in the second quarter. TruNorth Capital Management LLC now owns 429 shares of the retailer’s stock valued at $29,000 after purchasing an additional 249 shares in the last quarter. Cultivar Capital Inc. bought a new position in Walmart in the 2nd quarter worth approximately $29,000. FSA Wealth Management LLC lifted its holdings in Walmart by 253.0% during the 1st quarter. FSA Wealth Management LLC now owns 526 shares of the retailer’s stock worth $32,000 after buying an additional 377 shares in the last quarter. Finally, Kozak & Associates Inc. boosted its position in Walmart by 216.4% in the 1st quarter. Kozak & Associates Inc. now owns 503 shares of the retailer’s stock valued at $32,000 after buying an additional 344 shares during the last quarter. Institutional investors and hedge funds own 26.76% of the company’s stock.

Walmart Price Performance

NYSE WMT opened at $83.26 on Thursday. The firm’s 50 day moving average is $78.71 and its 200-day moving average is $70.08. The company has a quick ratio of 0.22, a current ratio of 0.80 and a debt-to-equity ratio of 0.46. The company has a market capitalization of $669.71 billion, a PE ratio of 35.58, a price-to-earnings-growth ratio of 4.07 and a beta of 0.51. Walmart Inc. has a 12-month low of $49.85 and a 12-month high of $83.34.

Walmart (NYSE:WMT) last issued its quarterly earnings results 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. The firm had revenue of $169.30 billion for the quarter, compared to analyst estimates of $168.56 billion. Walmart had a net margin of 2.34% and a return on equity of 21.72%. The company’s revenue was up 4.7% compared to the same quarter last year. During the same period in the previous year, the business earned $0.61 EPS. Equities research analysts anticipate that Walmart Inc. will post 2.44 earnings per share for the current fiscal year.

Insider Buying and Selling at Walmart

In other news, EVP Daniel J. Bartlett sold 2,065 shares of the stock in a transaction that occurred on Tuesday, October 15th. The stock was sold at an average price of $80.69, for a total value of $166,624.85. Following the completion of the sale, the executive vice president now owns 457,493 shares of the company’s stock, valued at approximately $36,915,110.17. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, EVP Daniel J. Bartlett sold 2,065 shares of the company’s stock in a transaction dated Tuesday, October 15th. The shares were sold at an average price of $80.69, for a total value of $166,624.85. Following the sale, the executive vice president now directly owns 457,493 shares of the company’s stock, valued at approximately $36,915,110.17. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder Alice L. Walton sold 2,709,163 shares of Walmart 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 of the company’s stock, valued at $48,781,873,820.76. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 12,295,088 shares of company stock worth $955,284,831 over the last ninety days. 45.58% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on WMT shares. TD Cowen boosted their target price on Walmart from $80.00 to $85.00 and gave the stock a “buy” rating in a research report on Friday, August 16th. Roth Mkm upped their target price on shares of Walmart from $71.00 to $81.00 and gave the company a “buy” rating in a research report on Friday, August 16th. Truist Financial upgraded shares of Walmart from a “hold” rating to a “buy” rating and lifted their price target for the stock from $76.00 to $89.00 in a research report on Tuesday, September 24th. Oppenheimer increased their price objective on shares of Walmart from $81.00 to $90.00 and gave the company an “outperform” rating in a report on Monday, October 14th. Finally, Citigroup upped their target price on shares of Walmart from $75.00 to $98.00 and gave the company a “buy” rating in a research report on Friday, September 27th. One investment analyst has rated the stock with a hold rating, twenty-nine have given a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Walmart has an average rating of “Buy” and a consensus target price of $83.51.

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.