Walmart Inc. (NYSE:WMT) Shares Sold by Carret Asset Management LLC

Carret Asset Management LLC decreased its position in Walmart Inc. (NYSE:WMT – Get Rating) by 0.4% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 46,680 shares of the retailer’s stock after selling 179 shares during the quarter. Carret Asset Management LLC’s holdings in Walmart were worth $6,952,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Crake Asset Management LLP acquired a new stake in Walmart during the third quarter worth approximately $38,748,000. Balyasny Asset Management LLC acquired a new position in shares of Walmart in the 3rd quarter valued at $99,113,000. Colony Group LLC increased its holdings in shares of Walmart by 3.4% in the 3rd quarter. Colony Group LLC now owns 16,704 shares of the retailer’s stock valued at $2,328,000 after acquiring an additional 544 shares during the period. Willis Investment Counsel increased its holdings in shares of Walmart by 9.8% in the 3rd quarter. Willis Investment Counsel now owns 144,530 shares of the retailer’s stock valued at $20,145,000 after acquiring an additional 12,893 shares during the period. Finally, Winning Points Advisors LLC increased its holdings in shares of Walmart by 3.9% in the 3rd quarter. Winning Points Advisors LLC now owns 13,509 shares of the retailer’s stock valued at $1,883,000 after acquiring an additional 506 shares during the period. 30.79% of the stock is currently owned by hedge funds and other institutional investors.

NYSE WMT opened at $120.69 on Thursday. Walmart Inc. has a 12 month low of $117.27 and a 12 month high of $160.77. The company has a 50-day moving average of $137.13 and a 200-day moving average of $140.46. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.86 and a quick ratio of 0.23. The company has a market cap of $330.83 billion, a P/E ratio of 25.95, a P/E/G ratio of 3.36 and a beta of 0.50.

Walmart (NYSE:WMT – Get Rating) last posted its quarterly earnings data on Tuesday, May 17th. The retailer reported $1.30 EPS for the quarter, missing analysts’ consensus estimates of $1.48 by ($0.18). Walmart had a net margin of 2.26% and a return on equity of 19.05%. The company had revenue of $141.60 billion for the quarter, compared to analyst estimates of $138.05 billion. During the same period in the prior year, the company earned $1.69 EPS. The company’s revenue was up 2.4% compared to the same quarter last year. As a group, equities research analysts anticipate that Walmart Inc. will post 6.4 EPS for the current year.

In other news, CEO C Douglas Mcmillon sold 9,708 shares of the company’s stock in a transaction dated Thursday, May 26th. The shares were sold at an average price of $125.61, for a total transaction of $1,219,421.88. Following the completion of the transaction, the chief executive officer now owns 1,526,864 shares of the company’s stock, valued at approximately $191,789,387.04. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Corporate insiders own 48.44% of the company’s stock.

A number of brokerages have recently commented on WMT. BMO Capital Markets cut their target price on shares of Walmart from $170.00 to $165.00 and set an “outperform” rating on the stock in a report on Wednesday, May 18th. Guggenheim lowered their price objective on shares of Walmart from $185.00 to $175.00 and set a “na” rating on the stock in a research report on Wednesday, May 18th. Bank of America lowered their price objective on shares of Walmart from $190.00 to $160.00 and set a “buy” rating on the stock in a research report on Wednesday, May 18th. UBS Group lowered their price objective on shares of Walmart from $180.00 to $165.00 and set a “buy” rating on the stock in a research report on Wednesday, May 18th. Finally, Truist Financial lowered their price objective on shares of Walmart from $150.00 to $139.00 and set a “na” rating on the stock in a research report on Wednesday, May 18th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and sixteen have issued a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $157.56.

Walmart Company Profile (Get Rating)

Walmart Inc engages in the operation of retail, wholesale, and other units 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; membership-only warehouse clubs; ecommerce websites, such as walmart.com, walmart.com.mx, walmart.ca, flipkart.com, and samsclub.com; and mobile commerce applications.

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