Stonebrook Private Inc. Sells 3,291 Shares of Walmart Inc. (NYSE:WMT)

Stonebrook Private Inc. decreased its position in shares of Walmart Inc. (NYSE:WMT) by 4.3% in the 2nd quarter, Holdings Channel reports. The firm owned 73,345 shares of the retailer’s stock after selling 3,291 shares during the quarter. Walmart accounts for about 1.4% of Stonebrook Private Inc.’s portfolio, making the stock its 19th largest holding. Stonebrook Private Inc.’s holdings in Walmart were worth $4,966,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Vanguard Group Inc. raised its stake in Walmart by 199.4% during the first 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 during the last quarter. Price T Rowe Associates Inc. MD raised its position 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 worth $3,421,342,000 after acquiring an additional 36,625,314 shares in the last quarter. Bank of New York Mellon Corp lifted its stake in shares of Walmart by 183.0% in the 1st 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 purchasing an additional 18,865,484 shares during the period. Norges Bank bought a new stake in shares of Walmart during the 4th quarter valued at about $3,674,652,000. Finally, Raymond James & Associates grew its stake in Walmart by 16.0% during the second quarter. Raymond James & Associates now owns 16,282,129 shares of the retailer’s stock worth $1,102,463,000 after purchasing an additional 2,246,656 shares during the period. Institutional investors and hedge funds own 26.76% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have issued reports on WMT. HSBC increased their price target on Walmart from $70.00 to $81.00 and gave the stock a “buy” rating in a report on Tuesday, June 11th. KeyCorp increased their target price on shares of Walmart from $75.00 to $82.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 17th. Evercore ISI lifted their price target on shares of Walmart from $78.00 to $80.00 and gave the company an “outperform” rating in a research note on Thursday, August 22nd. Truist Financial increased 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. Finally, Citigroup upped their price target on Walmart from $63.33 to $75.00 and gave the stock a “buy” rating in a research note on Friday, May 17th. Two research analysts have rated the stock with a hold rating, twenty-six have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $78.99.

Insiders Place Their Bets

In other news, major shareholder S Robson Walton sold 1,244,347 shares of the business’s stock in a transaction that occurred on Friday, June 14th. The shares were sold at an average price of $66.63, for a total value of $82,910,840.61. Following the sale, the insider now owns 633,518,311 shares of the company’s stock, valued at $42,211,325,061.93. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other Walmart news, 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 value of $597,788.00. Following the completion of the transaction, the senior vice president now owns 94,415 shares in the company, valued at approximately $6,420,220. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, major shareholder S Robson Walton sold 1,244,347 shares of the company’s stock in a transaction dated Friday, June 14th. The shares were sold at an average price of $66.63, for a total value of $82,910,840.61. Following the sale, the insider now owns 633,518,311 shares in the company, valued at $42,211,325,061.93. The disclosure for this sale can be found here. Insiders sold 10,144,237 shares of company stock worth $730,497,016 over the last quarter. 45.58% of the stock is currently owned by company insiders.

Walmart Stock Performance

Shares of Walmart stock traded down $0.32 on Friday, reaching $76.64. 14,548,588 shares of the company traded hands, compared to its average volume of 17,411,770. 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 firm has a market capitalization of $616.05 billion, a PE ratio of 32.80, a PEG ratio of 3.87 and a beta of 0.51. The company has a 50 day moving average of $71.45 and a 200 day moving average of $65.38. Walmart Inc. has a 52 week low of $49.85 and a 52 week high of $77.81.

Walmart (NYSE:WMT) last released its earnings results on Thursday, August 15th. The retailer reported $0.67 earnings per share (EPS) for the quarter, topping 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 business had revenue of $169.30 billion during the quarter, compared to the consensus estimate of $168.56 billion. During the same period last year, the business posted $0.61 earnings per share. The business’s revenue for the quarter was up 4.7% on a year-over-year basis. Equities analysts forecast that Walmart Inc. will post 2.44 earnings per share for the current year.

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.