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

Weaver Capital Management LLC decreased its position in Walmart Inc. (NYSE:WMT) by 2.7% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 47,352 shares of the retailer’s stock after selling 1,326 shares during the period. Walmart comprises 1.1% of Weaver Capital Management LLC’s portfolio, making the stock its 18th largest holding. Weaver Capital Management LLC’s holdings in Walmart were worth $3,824,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in WMT. Vanguard Group Inc. raised 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 worth $24,774,717,000 after buying an additional 274,229,968 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its holdings in Walmart by 181.0% during the first quarter. Price T Rowe Associates Inc. MD now owns 56,861,234 shares of the retailer’s stock worth $3,421,342,000 after buying an additional 36,625,314 shares in the last quarter. Legal & General Group Plc grew its position in Walmart by 1.8% during the second quarter. Legal & General Group Plc now owns 36,282,740 shares of the retailer’s stock worth $2,456,704,000 after buying an additional 644,353 shares during the period. Raymond James & Associates increased its holdings in Walmart by 3.0% in the third quarter. Raymond James & Associates now owns 16,766,325 shares of the retailer’s stock valued at $1,353,881,000 after buying an additional 484,196 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its stake in shares of Walmart by 5.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 16,184,945 shares of the retailer’s stock worth $1,095,946,000 after acquiring an additional 834,005 shares in the last quarter. 26.76% of the stock is currently owned by institutional investors and hedge funds.

Walmart Stock Up 1.5 %

WMT stock opened at $82.02 on Wednesday. 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 company has a 50-day moving average of $78.42 and a two-hundred day moving average of $69.99. The stock has a market capitalization of $659.73 billion, a price-to-earnings ratio of 35.05, a price-to-earnings-growth ratio of 4.07 and a beta of 0.51. Walmart Inc. has a 52-week low of $49.85 and a 52-week high of $82.22.

Walmart (NYSE:WMT) last posted its quarterly earnings data on Thursday, August 15th. The retailer reported $0.67 earnings per share (EPS) for the quarter, topping 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 the consensus estimate of $168.56 billion. During the same quarter in the previous year, the firm posted $0.61 EPS. The business’s revenue was up 4.7% compared to the same quarter last year. As a group, equities research analysts anticipate that Walmart Inc. will post 2.44 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on WMT shares. Royal Bank of Canada upped their target price on Walmart from $74.00 to $80.00 and gave the company an “outperform” rating in a research note on Friday, August 16th. JPMorgan Chase & Co. increased their price target on shares of Walmart from $81.00 to $83.00 and gave the stock an “overweight” rating in a research note on Friday, August 16th. Robert W. Baird increased their target price on Walmart from $82.00 to $90.00 and gave the stock an “outperform” rating in a research report on Monday, September 30th. Truist Financial raised Walmart from a “hold” rating to a “buy” rating and boosted their price target for the company from $76.00 to $89.00 in a research report on Tuesday, September 24th. Finally, Citigroup raised their price objective on Walmart from $75.00 to $98.00 and gave the stock a “buy” rating in a report on Friday, September 27th. One equities 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, Walmart has an average rating of “Buy” and an average price target of $83.51.

Insider Activity at Walmart

In other Walmart news, EVP Daniel J. Bartlett sold 2,065 shares of the company’s stock in a transaction on Tuesday, October 15th. The stock was sold at an average price of $80.69, for a total value of $166,624.85. Following the sale, the executive vice president now directly owns 457,493 shares in the company, valued at $36,915,110.17. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 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 value of $209,607,941.31. Following the completion of the transaction, the insider now owns 630,501,148 shares in the company, valued at approximately $48,781,873,820.76. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Daniel J. Bartlett sold 2,065 shares of the company’s stock in a transaction on Tuesday, October 15th. The stock was sold at an average price of $80.69, for a total value of $166,624.85. Following the transaction, the executive vice president now directly owns 457,493 shares in the company, valued at approximately $36,915,110.17. This represents a 0.00 % decrease in their position. 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 company insiders.

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.