Walmart Inc. (NYSE:WMT) Shares Sold by Vickerman Investment Advisors Inc.

Vickerman Investment Advisors Inc. lowered its holdings in shares of Walmart Inc. (NYSE:WMT) by 22.8% in the third quarter, Holdings Channel reports. The firm owned 44,845 shares of the retailer’s stock after selling 13,233 shares during the quarter. Walmart accounts for 1.1% of Vickerman Investment Advisors Inc.’s investment portfolio, making the stock its 28th biggest holding. Vickerman Investment Advisors Inc.’s holdings in Walmart were worth $3,621,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently made changes to their positions in the company. EntryPoint Capital LLC acquired a new stake in shares of Walmart in the 1st quarter worth $25,000. TruNorth Capital Management LLC lifted its stake in shares of Walmart by 138.3% in the 2nd 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. acquired a new stake in shares of Walmart in the 2nd quarter worth $29,000. FSA Wealth Management LLC lifted its stake in shares of Walmart by 253.0% in the 1st quarter. FSA Wealth Management LLC now owns 526 shares of the retailer’s stock worth $32,000 after acquiring an additional 377 shares during the period. Finally, Kozak & Associates Inc. increased its holdings in shares of 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 purchasing an additional 344 shares in the last quarter. Institutional investors and hedge funds own 26.76% of the company’s stock.

Walmart Stock Performance

NYSE WMT opened at $83.44 on Thursday. The firm has a market capitalization of $670.71 billion, a P/E ratio of 43.46, a P/E/G ratio of 4.13 and a beta of 0.51. Walmart Inc. has a 1-year low of $49.85 and a 1-year high of $85.54. 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 $80.22 and its 200-day simple moving average is $71.67.

Walmart (NYSE:WMT) last released its quarterly earnings results on Thursday, August 15th. The retailer reported $0.67 EPS for the quarter, topping 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 return on equity of 21.72% and a net margin of 2.34%. Walmart’s revenue for the quarter was up 4.7% on a year-over-year basis. During the same period in the previous year, the company posted $0.61 EPS. Equities analysts predict that Walmart Inc. will post 2.44 EPS for the current year.

Insider Buying and Selling

In related news, EVP John D. Rainey sold 3,000 shares of the business’s stock in a transaction that occurred on Friday, November 1st. The stock was sold at an average price of $82.12, for a total transaction of $246,360.00. Following the transaction, the executive vice president now directly owns 378,165 shares of the company’s stock, valued at approximately $31,054,909.80. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In related news, EVP John D. Rainey sold 3,000 shares of the business’s stock in a transaction that occurred on Friday, November 1st. The stock was sold at an average price of $82.12, for a total transaction of $246,360.00. Following the transaction, the executive vice president now directly owns 378,165 shares of the company’s stock, valued at approximately $31,054,909.80. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, major shareholder Alice L. Walton sold 2,375,563 shares of the business’s stock in a transaction that occurred on Thursday, September 5th. The stock was sold at an average price of $76.96, for a total value of $182,823,328.48. Following the transaction, the insider now directly owns 619,646,544 shares in the company, valued at $47,687,998,026.24. This trade 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 have sold 12,337,337 shares of company stock valued at $958,823,647. Corporate insiders own 45.58% of the company’s stock.

Analyst Ratings Changes

Several analysts recently commented on WMT shares. Piper Sandler reiterated an “overweight” rating and issued a $83.00 price objective (up previously from $81.00) on shares of Walmart in a research note on Friday, August 16th. JPMorgan Chase & Co. raised their price target on Walmart from $81.00 to $83.00 and gave the company an “overweight” rating in a research report on Friday, August 16th. UBS Group raised their price target on Walmart from $81.00 to $92.00 and gave the company a “buy” rating in a research report on Friday, October 11th. Royal Bank of Canada raised their price target on Walmart from $74.00 to $80.00 and gave the company an “outperform” rating in a research report on Friday, August 16th. Finally, Barclays raised their price target on Walmart from $66.00 to $78.00 and gave the company an “overweight” rating in a research report on Friday, August 16th. One research analyst has rated the stock with a hold rating, twenty-nine have issued a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus target price of $83.89.

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.