Walmart Inc. (NYSE:WMT) Stock Holdings Cut by Mondrian Investment Partners LTD

Mondrian Investment Partners LTD lessened its position in Walmart Inc. (NYSE:WMT) by 31.1% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,371,580 shares of the retailer’s stock after selling 618,397 shares during the period. Mondrian Investment Partners LTD’s holdings in Walmart were worth $94,145,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of WMT. EntryPoint Capital LLC acquired a new stake in Walmart in the 1st quarter valued at about $25,000. Northwest Capital Management Inc lifted its stake in Walmart by 199.3% during the first quarter. Northwest Capital Management Inc now owns 440 shares of the retailer’s stock valued at $26,000 after purchasing an additional 293 shares during the last quarter. TruNorth Capital Management LLC lifted its stake in Walmart by 138.3% during the second quarter. TruNorth Capital Management LLC now owns 429 shares of the retailer’s stock valued at $29,000 after purchasing an additional 249 shares during the last quarter. Cultivar Capital Inc. acquired a new position in Walmart in the second quarter worth approximately $29,000. Finally, Able Wealth Management LLC acquired a new stake in shares of Walmart during the 4th quarter valued at $30,000. Institutional investors and hedge funds own 26.76% of the company’s stock.

Walmart Price Performance

NYSE WMT opened at $78.62 on Wednesday. The stock has a 50-day simple moving average of $72.90 and a 200 day simple moving average of $66.48. Walmart Inc. has a twelve month low of $49.85 and a twelve month high of $81.02. The stock has a market capitalization of $631.97 billion, a PE ratio of 33.65, a P/E/G ratio of 4.03 and a beta of 0.51. 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 announced 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. The business had revenue of $169.30 billion for the quarter, compared to the consensus estimate of $168.56 billion. Walmart had a net margin of 2.34% and a return on equity of 21.72%. Walmart’s quarterly revenue was up 4.7% on a year-over-year basis. During the same quarter last year, the company posted $0.61 earnings per share. Research analysts anticipate that Walmart Inc. will post 2.44 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on WMT. Evercore ISI lifted their target price on Walmart from $78.00 to $80.00 and gave the stock an “outperform” rating in a report on Thursday, August 22nd. Truist Financial lifted their price objective on shares of Walmart from $64.00 to $76.00 and gave the stock a “hold” rating in a research report on Friday, August 16th. KeyCorp increased their target price on Walmart from $75.00 to $82.00 and gave the company an “overweight” rating in a report on Wednesday, July 17th. Tigress Financial lifted their price target on Walmart from $75.00 to $86.00 and gave the company a “buy” rating in a report on Tuesday, July 23rd. Finally, JPMorgan Chase & Co. increased their price objective on Walmart from $81.00 to $83.00 and gave the stock an “overweight” rating in a research note on Friday, August 16th. Two equities research analysts have rated the stock with a hold rating, twenty-six have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $78.99.

Insider Buying and Selling

In other news, major shareholder Jim C. Walton sold 934,000 shares of Walmart stock in a transaction that occurred on Thursday, September 12th. The stock was sold at an average price of $79.46, for a total transaction of $74,215,640.00. Following the sale, the insider now owns 610,843,318 shares of the company’s stock, valued at approximately $48,537,610,048.28. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, major shareholder Jim C. Walton sold 934,000 shares of the stock in a transaction on Thursday, September 12th. The shares were sold at an average price of $79.46, for a total value of $74,215,640.00. Following the completion of the transaction, the insider now owns 610,843,318 shares in the company, valued at approximately $48,537,610,048.28. The sale was disclosed in a filing with the SEC, which is available at this link. Also, SVP David Chojnowski sold 8,791 shares of the firm’s stock in a transaction dated Wednesday, June 26th. The stock was sold at an average price of $68.00, for a total transaction of $597,788.00. Following the transaction, the senior vice president now directly owns 94,415 shares of the company’s stock, valued at $6,420,220. The disclosure for this sale can be found here. Insiders have sold a total of 10,203,360 shares of company stock valued at $788,678,803 over the last three months. 45.58% of the stock is owned by corporate insiders.

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.