Walmart Inc. (NYSE:WMT) Shares Sold by Maiden Cove Capital LLC

Maiden Cove Capital LLC lessened its holdings in Walmart Inc. (NYSE:WMT) by 6.2% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 10,792 shares of the retailer’s stock after selling 711 shares during the period. Walmart comprises approximately 1.8% of Maiden Cove Capital LLC’s holdings, making the stock its 14th biggest holding. Maiden Cove Capital LLC’s holdings in Walmart were worth $975,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Pacer Advisors Inc. increased its position in shares of Walmart by 3.2% in the 2nd quarter. Pacer Advisors Inc. now owns 383,412 shares of the retailer’s stock worth $25,961,000 after purchasing an additional 11,816 shares during the last quarter. Sei Investments Co. increased its holdings in Walmart by 19.3% in the second quarter. Sei Investments Co. now owns 1,541,659 shares of the retailer’s stock valued at $104,388,000 after buying an additional 249,232 shares during the last quarter. Summit Trail Advisors LLC raised its stake in Walmart by 27.3% during the second quarter. Summit Trail Advisors LLC now owns 35,845 shares of the retailer’s stock valued at $2,427,000 after buying an additional 7,698 shares in the last quarter. Lavaca Capital LLC lifted its holdings in Walmart by 1.6% during the 2nd quarter. Lavaca Capital LLC now owns 20,745 shares of the retailer’s stock worth $1,405,000 after buying an additional 324 shares during the last quarter. Finally, Kowal Investment Group LLC grew its position in shares of Walmart by 4.6% in the 2nd quarter. Kowal Investment Group LLC now owns 22,052 shares of the retailer’s stock worth $1,493,000 after acquiring an additional 976 shares in the last quarter. Institutional investors and hedge funds own 26.76% of the company’s stock.

Insiders Place Their Bets

In other Walmart news, EVP Daniel J. Bartlett sold 1,830 shares of the business’s stock in a transaction dated Wednesday, January 15th. The stock was sold at an average price of $91.07, for a total value of $166,658.10. Following the completion of the transaction, the executive vice president now directly owns 460,705 shares of the company’s stock, valued at approximately $41,956,404.35. The trade was a 0.40 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP John D. Rainey sold 3,000 shares of the stock in a transaction dated Friday, November 1st. The stock was sold at an average price of $82.12, for a total value of $246,360.00. Following the completion of the sale, the executive vice president now owns 378,165 shares of the company’s stock, valued at $31,054,909.80. This trade represents a 0.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 140,177 shares of company stock worth $12,478,149. Insiders own 45.58% of the company’s stock.

Walmart Trading Up 0.8 %

WMT opened at $92.02 on Monday. Walmart Inc. has a fifty-two week low of $53.44 and a fifty-two week high of $96.18. The company has a market cap of $739.19 billion, a price-to-earnings ratio of 37.76, a price-to-earnings-growth ratio of 4.41 and a beta of 0.55. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.85 and a quick ratio of 0.23. The firm has a 50 day simple moving average of $91.15 and a 200 day simple moving average of $81.37.

Walmart (NYSE:WMT) last posted its quarterly earnings results on Tuesday, November 19th. The retailer reported $0.58 earnings per share for the quarter, beating analysts’ consensus estimates of $0.53 by $0.05. Walmart had a return on equity of 21.78% and a net margin of 2.92%. The company had revenue of $169.59 billion for the quarter, compared to the consensus estimate of $167.69 billion. During the same quarter in the prior year, the business posted $0.51 EPS. The firm’s quarterly revenue was up 5.5% on a year-over-year basis. On average, sell-side analysts anticipate that Walmart Inc. will post 2.47 earnings per share for the current year.

Analyst Ratings Changes

Several research firms have recently commented on WMT. Morgan Stanley lifted their price target on shares of Walmart from $89.00 to $100.00 and gave the company an “overweight” rating in a report on Wednesday, November 20th. TD Cowen lifted their target price on Walmart from $90.00 to $100.00 and gave the company a “buy” rating in a research note on Wednesday, November 20th. Piper Sandler increased their price target on Walmart from $83.00 to $93.00 and gave the stock an “overweight” rating in a research report on Monday, November 18th. Robert W. Baird boosted their price objective on Walmart from $90.00 to $100.00 and gave the company an “outperform” rating in a research report on Wednesday, November 20th. Finally, Stifel Nicolaus increased their target price on Walmart from $89.00 to $94.00 and gave the stock a “hold” rating in a research report on Tuesday, December 10th. Two investment analysts have rated the stock with a hold rating, twenty-nine have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $94.49.

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.