Commerzbank Aktiengesellschaft FI Sells 44,688 Shares of Walmart Inc. (NYSE:WMT)

Commerzbank Aktiengesellschaft FI decreased its stake in shares of Walmart Inc. (NYSE:WMT) by 43.8% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 57,303 shares of the retailer’s stock after selling 44,688 shares during the period. Commerzbank Aktiengesellschaft FI’s holdings in Walmart were worth $4,627,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the stock. AHL Investment Management Inc. grew its position in Walmart by 192.1% in the first quarter. AHL Investment Management Inc. now owns 24,000 shares of the retailer’s stock valued at $1,444,000 after purchasing an additional 15,785 shares in the last quarter. Liberty Wealth Management LLC acquired a new stake in Walmart in the first quarter valued at $270,000. Commerce Bank lifted its stake in Walmart by 189.4% in the first quarter. Commerce Bank now owns 917,625 shares of the retailer’s stock valued at $55,213,000 after acquiring an additional 600,521 shares during the last quarter. Envestnet Portfolio Solutions Inc. lifted its stake in Walmart by 290.7% in the first quarter. Envestnet Portfolio Solutions Inc. now owns 270,065 shares of the retailer’s stock valued at $16,250,000 after acquiring an additional 200,947 shares during the last quarter. Finally, Private Advisor Group LLC lifted its stake in Walmart by 189.4% in the first quarter. Private Advisor Group LLC now owns 643,848 shares of the retailer’s stock valued at $38,740,000 after acquiring an additional 421,366 shares during the last quarter. Institutional investors own 26.76% of the company’s stock.

Walmart Trading Up 1.5 %

Shares of Walmart stock opened at $83.26 on Thursday. The firm has a market capitalization of $669.26 billion, a PE ratio of 43.29, a price-to-earnings-growth ratio of 4.11 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. The firm’s 50 day moving average is $78.71 and its 200 day moving average is $70.08. Walmart Inc. has a 1 year low of $49.85 and a 1 year high of $83.34.

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

Insider Buying and Selling at Walmart

In other Walmart news, EVP John D. Rainey sold 3,000 shares of the company’s stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $69.19, for a total value of $207,570.00. Following the completion of the transaction, the executive vice president now directly owns 387,165 shares in the company, valued at approximately $26,787,946.35. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other news, major shareholder Alice L. Walton sold 2,709,163 shares of the company’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 directly owns 630,501,148 shares of the company’s stock, valued at approximately $48,781,873,820.76. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP John D. Rainey sold 3,000 shares of the company’s stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $69.19, for a total transaction of $207,570.00. Following the completion of the sale, the executive vice president now directly owns 387,165 shares in the company, valued at approximately $26,787,946.35. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 12,295,088 shares of company stock worth $955,284,831. 45.58% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of analysts have commented on WMT shares. Citigroup increased their price target on shares of Walmart from $75.00 to $98.00 and gave the company a “buy” rating in a research note on Friday, September 27th. Truist Financial upgraded shares of Walmart from a “hold” rating to a “buy” rating and increased their price target for the company from $76.00 to $89.00 in a research note on Tuesday, September 24th. UBS Group raised their target price on shares of Walmart from $81.00 to $92.00 and gave the stock a “buy” rating in a research note on Friday, October 11th. Melius Research initiated coverage on shares of Walmart in a research note on Monday, September 23rd. They set a “buy” rating and a $95.00 target price for the company. Finally, Oppenheimer raised their target price on shares of Walmart from $81.00 to $90.00 and gave the stock an “outperform” rating in a research note on Monday, October 14th. One research analyst has rated the stock with a hold rating, twenty-nine have assigned a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat, Walmart has a consensus 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.