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

Capital Square LLC trimmed its holdings in shares of Walmart Inc. (NYSE:WMT) by 3.5% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 7,526 shares of the retailer’s stock after selling 272 shares during the period. Capital Square LLC’s holdings in Walmart were worth $608,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of WMT. Peterson Financial Group Inc. purchased a new stake in Walmart during the 3rd quarter worth $26,000. Voisard Asset Management Group Inc. boosted its position in shares of Walmart by 77.3% in the third quarter. Voisard Asset Management Group Inc. now owns 399 shares of the retailer’s stock worth $32,000 after buying an additional 174 shares during the period. Hoese & Co LLP acquired a new stake in shares of Walmart in the third quarter valued at about $33,000. EntryPoint Capital LLC purchased a new stake in shares of Walmart during the 1st quarter valued at about $25,000. Finally, TruNorth Capital Management LLC boosted its holdings in Walmart by 138.3% in the 2nd quarter. TruNorth Capital Management LLC now owns 429 shares of the retailer’s stock worth $29,000 after acquiring an additional 249 shares during the period. 26.76% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Walmart

In other Walmart news, CEO C Douglas Mcmillon sold 29,124 shares of the company’s stock in a transaction on Thursday, September 26th. The shares were sold at an average price of $80.64, for a total transaction of $2,348,559.36. Following the completion of the sale, the chief executive officer now owns 3,873,053 shares in the company, valued at approximately $312,322,993.92. The trade was a 0.75 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP John R. Furner sold 13,125 shares of the firm’s stock in a transaction dated Thursday, October 24th. The stock was sold at an average price of $82.96, for a total value of $1,088,850.00. Following the transaction, the executive vice president now owns 593,040 shares in the company, valued at approximately $49,198,598.40. This trade represents a 2.17 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 12,337,337 shares of company stock worth $958,823,647. Insiders own 45.58% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently issued reports on WMT shares. DA Davidson lifted their price objective on shares of Walmart from $75.00 to $85.00 and gave the company a “buy” rating in a research note on Friday, August 16th. Piper Sandler lifted their price target on shares of Walmart from $83.00 to $93.00 and gave the stock an “overweight” rating in a research note on Monday, November 18th. Telsey Advisory Group upped their price objective on shares of Walmart from $92.00 to $100.00 and gave the company an “outperform” rating in a research report on Tuesday, November 19th. BMO Capital Markets increased their price target on Walmart from $80.00 to $100.00 and gave the company an “outperform” rating in a report on Monday, November 18th. Finally, UBS Group upped their target price on Walmart from $92.00 to $100.00 and gave the company a “buy” rating in a research report on Wednesday, November 20th. Two analysts have rated the stock with a hold rating, twenty-nine have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Walmart presently has an average rating of “Moderate Buy” and a consensus price target of $91.88.

Walmart Price Performance

NYSE WMT traded down $0.11 during trading on Monday, reaching $90.33. 2,804,009 shares of the company traded hands, compared to its average volume of 16,821,576. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.23 and a current ratio of 0.85. The company has a market cap of $726.10 billion, a price-to-earnings ratio of 37.12, a P/E/G ratio of 4.29 and a beta of 0.51. Walmart Inc. has a 1-year low of $49.85 and a 1-year high of $90.95. The stock’s 50 day moving average price is $82.12 and its two-hundred day moving average price is $73.94.

Walmart (NYSE:WMT) last issued its quarterly earnings data on Tuesday, November 19th. The retailer reported $0.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.53 by $0.05. The firm had revenue of $169.59 billion during the quarter, compared to the consensus estimate of $167.69 billion. Walmart had a return on equity of 21.78% and a net margin of 2.92%. The business’s revenue for the quarter was up 5.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.51 EPS. As a group, analysts anticipate that Walmart Inc. will post 2.47 EPS 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.