Walmart Inc. (NYSE:WMT) Shares Sold by McElhenny Sheffield Capital Management LLC

McElhenny Sheffield Capital Management LLC lessened its position in Walmart Inc. (NYSE:WMT) by 0.9% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 18,820 shares of the retailer’s stock after selling 174 shares during the period. Walmart makes up 0.5% of McElhenny Sheffield Capital Management LLC’s holdings, making the stock its 14th largest position. McElhenny Sheffield Capital Management LLC’s holdings in Walmart were worth $1,520,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Vanguard Group Inc. boosted its stake in shares of Walmart by 199.4% during the 1st quarter. Vanguard Group Inc. now owns 411,745,334 shares of the retailer’s stock valued at $24,774,717,000 after buying an additional 274,229,968 shares during the period. Price T Rowe Associates Inc. MD grew its stake in Walmart by 181.0% in the first quarter. Price T Rowe Associates Inc. MD now owns 56,861,234 shares of the retailer’s stock valued at $3,421,342,000 after purchasing an additional 36,625,314 shares in the last quarter. Swiss National Bank raised its stake in shares of Walmart by 187.4% during the 1st quarter. Swiss National Bank now owns 13,303,200 shares of the retailer’s stock worth $800,454,000 after purchasing an additional 8,674,100 shares in the last quarter. Canada Pension Plan Investment Board lifted its holdings in shares of Walmart by 284.0% during the 1st quarter. Canada Pension Plan Investment Board now owns 11,122,273 shares of the retailer’s stock valued at $669,227,000 after buying an additional 8,225,552 shares during the last quarter. Finally, Sumitomo Mitsui Trust Holdings Inc. increased its holdings in Walmart by 184.1% in the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 12,567,533 shares of the retailer’s stock worth $756,188,000 after buying an additional 8,144,393 shares during the last quarter. Institutional investors own 26.76% of the company’s stock.

Walmart Price Performance

Shares of Walmart stock opened at $81.31 on Monday. The firm has a market cap of $653.59 billion, a P/E ratio of 42.28, a price-to-earnings-growth ratio of 4.07 and a beta of 0.51. The firm’s 50-day simple moving average is $77.90 and its 200-day simple moving average is $69.68. Walmart Inc. has a twelve month low of $49.85 and a twelve month high of $81.82. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.22 and a current ratio of 0.80.

Walmart (NYSE:WMT) last released its quarterly earnings data on Thursday, August 15th. The retailer reported $0.67 earnings per share for the quarter, beating analysts’ consensus estimates of $0.65 by $0.02. Walmart had a return on equity of 21.72% and a net margin of 2.34%. The company had revenue of $169.30 billion for the quarter, compared to the consensus estimate of $168.56 billion. During the same period in the previous year, the business earned $0.61 earnings per share. The company’s quarterly revenue was up 4.7% on a year-over-year basis. As a group, research analysts expect that Walmart Inc. will post 2.44 EPS for the current fiscal year.

Insider Buying and Selling at Walmart

In other Walmart news, major shareholder Alice L. Walton sold 2,709,163 shares of Walmart stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $77.37, for a total transaction of $209,607,941.31. Following the completion of the transaction, the insider now directly owns 630,501,148 shares of the company’s stock, valued at approximately $48,781,873,820.76. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, major shareholder Alice L. Walton sold 2,375,563 shares of the firm’s stock in a transaction on Thursday, September 5th. The stock was sold at an average price of $76.96, for a total transaction of $182,823,328.48. Following the completion of the sale, the insider now directly owns 619,646,544 shares of the company’s stock, valued at $47,687,998,026.24. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, major shareholder Alice L. Walton sold 2,709,163 shares of the business’s stock in a transaction on 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 completion of the transaction, the insider now directly owns 630,501,148 shares in the company, valued at approximately $48,781,873,820.76. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 12,337,337 shares of company stock worth $958,267,901 over the last three months. Company insiders own 45.58% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have commented on WMT shares. Wells Fargo & Company boosted their target price on shares of Walmart from $81.00 to $88.00 and gave the stock an “overweight” rating in a research report on Monday, September 23rd. Citigroup raised their target price on Walmart from $75.00 to $98.00 and gave the company a “buy” rating in a report on Friday, September 27th. Telsey Advisory Group upped their price target on Walmart from $82.00 to $92.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 8th. Royal Bank of Canada raised their price objective on Walmart from $74.00 to $80.00 and gave the company an “outperform” rating in a research note on Friday, August 16th. Finally, Robert W. Baird increased their price target on Walmart from $82.00 to $90.00 and gave the company an “outperform” rating in a report on Monday, September 30th. One investment 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.com, Walmart has a consensus rating of “Buy” and an average target price of $82.96.

Walmart 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.