Bfsg LLC Sells 9,529 Shares of Walmart Inc. (NYSE:WMT)

Bfsg LLC cut its holdings in Walmart Inc. (NYSE:WMT) by 13.2% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 62,502 shares of the retailer’s stock after selling 9,529 shares during the period. Bfsg LLC’s holdings in Walmart were worth $5,047,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the business. AHL Investment Management Inc. grew its holdings in Walmart by 192.1% during 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 during the period. Liberty Wealth Management LLC purchased a new stake in Walmart in the 1st quarter worth approximately $270,000. Commerce Bank raised its stake in Walmart by 189.4% during the 1st quarter. Commerce Bank now owns 917,625 shares of the retailer’s stock worth $55,213,000 after acquiring an additional 600,521 shares during the period. Envestnet Portfolio Solutions Inc. lifted its holdings in Walmart by 290.7% during the first quarter. Envestnet Portfolio Solutions Inc. now owns 270,065 shares of the retailer’s stock valued at $16,250,000 after purchasing an additional 200,947 shares in the last quarter. Finally, Private Advisor Group LLC increased its stake in shares of Walmart by 189.4% in the first quarter. Private Advisor Group LLC now owns 643,848 shares of the retailer’s stock worth $38,740,000 after purchasing an additional 421,366 shares in the last quarter. Hedge funds and other institutional investors own 26.76% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently weighed in on WMT shares. Evercore ISI lifted their target price on shares of Walmart from $78.00 to $80.00 and gave the company an “outperform” rating in a research note on Thursday, August 22nd. Stifel Nicolaus upped their price objective on Walmart from $71.00 to $73.00 and gave the stock a “hold” rating in a research note on Tuesday, August 13th. Piper Sandler reissued an “overweight” rating and set a $83.00 target price (up previously from $81.00) on shares of Walmart in a research note on Friday, August 16th. Citigroup upped their price target on Walmart from $75.00 to $98.00 and gave the stock a “buy” rating in a research note on Friday, September 27th. Finally, Barclays lifted their price objective on shares of Walmart from $66.00 to $78.00 and gave the company an “overweight” rating in a research report on Friday, August 16th. One equities research analyst has rated the stock with a hold rating, twenty-eight have given a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Buy” and an average target price of $82.96.

Insider Buying and Selling

In other Walmart news, CEO C Douglas Mcmillon sold 29,124 shares of the company’s stock in a transaction on Thursday, July 25th. The stock was sold at an average price of $70.61, for a total value of $2,056,445.64. Following the completion of the sale, the chief executive officer now directly owns 3,931,301 shares in the company, valued at approximately $277,589,163.61. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, CEO C Douglas Mcmillon sold 29,124 shares of the business’s stock in a transaction dated Thursday, July 25th. The shares were sold at an average price of $70.61, for a total value of $2,056,445.64. Following the completion of the sale, the chief executive officer now owns 3,931,301 shares in the company, valued at approximately $277,589,163.61. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP John R. Furner sold 13,125 shares of Walmart stock in a transaction that occurred on Thursday, July 25th. The shares were sold at an average price of $70.60, for a total transaction of $926,625.00. Following the transaction, the executive vice president now directly owns 632,415 shares in the company, valued at approximately $44,648,499. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 12,337,337 shares of company stock valued at $958,267,901 over the last quarter. 45.58% of the stock is owned by corporate insiders.

Walmart Stock Down 0.5 %

NYSE:WMT opened at $81.22 on Thursday. The stock has a fifty day simple moving average of $77.37 and a 200-day simple moving average of $69.31. 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 company has a market cap of $652.87 billion, a price-to-earnings ratio of 42.23, a price-to-earnings-growth ratio of 4.02 and a beta of 0.51. Walmart Inc. has a twelve month low of $49.85 and a twelve month high of $81.82.

Walmart (NYSE:WMT) last released 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. The company had revenue of $169.30 billion during the quarter, compared to analysts’ expectations of $168.56 billion. Walmart had a net margin of 2.34% and a return on equity of 21.72%. The firm’s quarterly revenue was up 4.7% on a year-over-year basis. During the same period in the previous year, the company earned $0.61 EPS. Analysts anticipate that Walmart Inc. will post 2.44 EPS for the current year.

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.