Walmart Inc. (NYSE:WMT) Shares Sold by Sutton Place Investors LLC

Sutton Place Investors LLC lessened its stake in Walmart Inc. (NYSE:WMT) by 85.9% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 3,615 shares of the retailer’s stock after selling 21,979 shares during the quarter. Sutton Place Investors LLC’s holdings in Walmart were worth $245,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in WMT. EntryPoint Capital LLC acquired a new stake in Walmart during the first quarter worth $25,000. Northwest Capital Management Inc increased its stake in Walmart by 199.3% during the first quarter. Northwest Capital Management Inc now owns 440 shares of the retailer’s stock worth $26,000 after acquiring an additional 293 shares during the last quarter. TruNorth Capital Management LLC increased its stake in Walmart by 138.3% during the second 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 last quarter. Partnership Wealth Management LLC acquired a new stake in Walmart during the fourth quarter worth $30,000. Finally, Able Wealth Management LLC purchased a new position in shares of Walmart during the fourth quarter worth $30,000. Institutional investors and hedge funds own 26.76% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently commented on WMT. JPMorgan Chase & Co. raised their price target on Walmart from $81.00 to $83.00 and gave the stock an “overweight” rating in a research report on Friday. TD Cowen lifted their target price on Walmart from $80.00 to $85.00 and gave the company a “buy” rating in a report on Friday. Tigress Financial lifted their target price on Walmart from $75.00 to $86.00 and gave the company a “buy” rating in a report on Tuesday, July 23rd. DA Davidson lifted their target price on Walmart from $75.00 to $85.00 and gave the company a “buy” rating in a report on Friday. Finally, Truist Financial lifted their target price on Walmart from $64.00 to $76.00 and gave the company a “hold” rating in a report on Friday. Three analysts have rated the stock with a hold rating, twenty-six have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $77.79.

Walmart Stock Performance

WMT traded up $0.48 during trading on Friday, reaching $73.45. The company’s stock had a trading volume of 19,872,144 shares, compared to its average volume of 17,647,650. Walmart Inc. has a 52-week low of $49.85 and a 52-week high of $74.44. The company’s fifty day moving average price is $68.86 and its 200-day moving average price is $63.37. The company has a market capitalization of $590.80 billion, a price-to-earnings ratio of 31.39, a price-to-earnings-growth ratio of 3.95 and a beta of 0.50. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.23 and a current ratio of 0.80.

Walmart (NYSE:WMT) last released its quarterly earnings results on Thursday, August 15th. The retailer reported $0.67 earnings per share for the quarter, topping analysts’ consensus estimates of $0.65 by $0.02. The business had revenue of $169.30 billion for the quarter, compared to analysts’ expectations of $168.56 billion. Walmart had a return on equity of 21.57% and a net margin of 2.88%. The company’s revenue was up 4.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.61 EPS. On average, equities analysts forecast that Walmart Inc. will post 2.43 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Walmart news, Director Timothy Patrick Flynn sold 30,000 shares of the firm’s stock in a transaction dated Tuesday, May 21st. The stock was sold at an average price of $64.82, for a total value of $1,944,600.00. Following the transaction, the director now directly owns 144,807 shares of the company’s stock, valued at $9,386,389.74. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, EVP Daniel J. Bartlett sold 2,398 shares of Walmart stock in a transaction dated Monday, July 15th. The stock was sold at an average price of $69.50, for a total value of $166,661.00. Following the completion of the transaction, the executive vice president now directly owns 463,871 shares in the company, valued at $32,239,034.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Timothy Patrick Flynn sold 30,000 shares of Walmart stock in a transaction dated Tuesday, May 21st. The stock was sold at an average price of $64.82, for a total value of $1,944,600.00. Following the completion of the transaction, the director now owns 144,807 shares of the company’s stock, valued at $9,386,389.74. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 11,000,613 shares of company stock valued at $725,932,010. 45.58% of the stock is currently owned by company 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.