Walmart Inc. (NYSE:WMT) Shares Sold by X Square Capital LLC

X Square Capital LLC lessened its stake in Walmart Inc. (NYSE:WMT) by 1.3% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 33,428 shares of the retailer’s stock after selling 439 shares during the quarter. X Square Capital LLC’s holdings in Walmart were worth $2,263,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Vanguard Group Inc. boosted its position in Walmart by 199.4% in the 1st quarter. Vanguard Group Inc. now owns 411,745,334 shares of the retailer’s stock worth $24,774,717,000 after purchasing an additional 274,229,968 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its stake in shares of Walmart by 181.0% in the 1st 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 during the period. Norges Bank purchased a new stake in Walmart during the fourth quarter worth $3,674,652,000. Bank of New York Mellon Corp grew its position in Walmart by 183.0% during the first quarter. Bank of New York Mellon Corp now owns 29,172,985 shares of the retailer’s stock valued at $1,755,339,000 after buying an additional 18,865,484 shares during the period. Finally, Swiss National Bank increased its holdings in Walmart by 187.4% in the first quarter. Swiss National Bank now owns 13,303,200 shares of the retailer’s stock valued at $800,454,000 after buying an additional 8,674,100 shares in the last quarter. Hedge funds and other institutional investors own 26.76% of the company’s stock.

Insiders Place Their Bets

In related news, major shareholder Alice L. Walton sold 2,375,563 shares of Walmart stock in a transaction 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 completion of the transaction, the insider now directly owns 619,646,544 shares in the company, valued at $47,687,998,026.24. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, major shareholder Alice L. Walton sold 40,974 shares of the company’s stock in a transaction that occurred on Wednesday, June 12th. The shares were sold at an average price of $66.79, for a total transaction of $2,736,653.46. Following the sale, the insider now directly owns 635,512,658 shares in the company, valued at $42,445,890,427.82. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 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 transaction of $182,823,328.48. Following the transaction, the insider now owns 619,646,544 shares of the company’s stock, valued at approximately $47,687,998,026.24. The disclosure for this sale can be found here. Insiders sold a total of 6,510,437 shares of company stock worth $487,759,176 over the last 90 days. Corporate insiders own 45.58% of the company’s stock.

Walmart Stock Performance

Shares of WMT stock opened at $76.64 on Monday. Walmart Inc. has a one year low of $49.85 and a one year high of $77.81. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.22 and a current ratio of 0.80. The firm’s 50 day moving average price is $71.45 and its 200-day moving average price is $65.48. The firm has a market cap of $616.05 billion, a P/E ratio of 32.80, a P/E/G ratio of 3.84 and a beta of 0.51.

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 business had revenue of $169.30 billion during 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%. The company’s quarterly revenue was up 4.7% on a year-over-year basis. During the same period last year, the business posted $0.61 earnings per share. As a group, equities research analysts predict that Walmart Inc. will post 2.44 EPS for the current year.

Wall Street Analysts Forecast Growth

WMT has been the topic of several research analyst reports. 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 report on Friday, August 16th. Truist Financial boosted their price target on shares of Walmart from $64.00 to $76.00 and gave the stock a “hold” rating in a report on Friday, August 16th. HSBC upped their price objective on shares of Walmart from $70.00 to $81.00 and gave the stock a “buy” rating in a research report on Tuesday, June 11th. TD Cowen lifted their target price on shares of Walmart from $80.00 to $85.00 and gave the company a “buy” rating in a research report on Friday, August 16th. Finally, The Goldman Sachs Group upped their price target on shares of Walmart from $73.00 to $81.00 and gave the stock a “buy” rating in a research report on Friday, August 16th. Two equities research analysts have rated the stock with a hold rating, twenty-six have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $78.99.

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.