Walmart Inc. (NYSE:WMT) Shares Sold by MBL Wealth LLC

MBL Wealth LLC cut its stake in Walmart Inc. (NYSE:WMT) by 17.3% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 15,433 shares of the retailer’s stock after selling 3,238 shares during the period. MBL Wealth LLC’s holdings in Walmart were worth $1,045,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. EntryPoint Capital LLC acquired a new stake in Walmart during the first quarter worth approximately $25,000. Northwest Capital Management Inc increased its stake in Walmart by 199.3% in the 1st quarter. Northwest Capital Management Inc now owns 440 shares of the retailer’s stock valued at $26,000 after buying an additional 293 shares during the period. TruNorth Capital Management LLC raised its position in Walmart by 138.3% during the 2nd quarter. TruNorth Capital Management LLC now owns 429 shares of the retailer’s stock worth $29,000 after buying an additional 249 shares during the last quarter. Partnership Wealth Management LLC acquired a new stake in shares of Walmart in the 4th quarter worth $30,000. Finally, Able Wealth Management LLC purchased a new stake in shares of Walmart in the fourth quarter valued at about $30,000. 26.76% of the stock is owned by institutional investors and hedge funds.

Walmart Stock Up 0.7 %

Walmart stock traded up $0.48 during midday trading on Friday, hitting $73.45. 19,872,144 shares of the stock were exchanged, compared to its average volume of 17,647,650. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.80 and a quick ratio of 0.23. The company has a 50 day moving average price of $68.86 and a two-hundred day moving average price of $63.37. The firm has a market cap of $590.80 billion, a P/E ratio of 31.39, a P/E/G ratio of 3.95 and a beta of 0.50. Walmart Inc. has a 1 year low of $49.85 and a 1 year high of $74.44.

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

Analyst Upgrades and Downgrades

A number of brokerages recently commented on WMT. Royal Bank of Canada raised their price objective on shares of Walmart from $74.00 to $80.00 and gave the company an “outperform” rating in a research report on Friday. UBS Group raised their target price on Walmart from $74.00 to $81.00 and gave the company a “buy” rating in a report on Friday. Deutsche Bank Aktiengesellschaft upped their price target on shares of Walmart from $77.00 to $83.00 and gave the stock a “buy” rating in a research note on Friday. Jefferies Financial Group boosted their price objective on shares of Walmart from $77.00 to $80.00 and gave the stock a “buy” rating in a report on Monday, August 12th. Finally, Truist Financial boosted their price target on Walmart from $64.00 to $76.00 and gave the stock a “hold” rating in a research note on Friday. Three investment analysts have rated the stock with a hold rating, twenty-six have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, Walmart has an average rating of “Moderate Buy” and an average target price of $77.79.

Insider Buying and Selling at Walmart

In related news, SVP David Chojnowski sold 8,791 shares of the business’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 sale, the senior vice president now directly owns 94,415 shares of the company’s stock, valued at $6,420,220. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In related news, CEO C Douglas Mcmillon sold 29,124 shares of the business’s stock in a transaction dated Thursday, July 25th. The shares were sold at an average price of $70.61, for a total transaction of $2,056,445.64. Following the completion of the sale, the chief executive officer now owns 3,931,301 shares of the company’s stock, valued at approximately $277,589,163.61. The sale was disclosed in a legal filing with the SEC, which is available through 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 completion of the transaction, the senior vice president now directly owns 94,415 shares in the company, valued at approximately $6,420,220. The disclosure for this sale can be found here. Insiders have sold 11,000,613 shares of company stock worth $725,932,010 in the last ninety days. 45.58% of the stock is owned by insiders.

About Walmart

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.