Walmart Inc. (NYSE:WMT) Shares Sold by Boston Mountain Money Management Inc.

Boston Mountain Money Management Inc. lessened its holdings in Walmart Inc. (NYSE:WMT) by 8.1% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 224,588 shares of the retailer’s stock after selling 19,680 shares during the period. Walmart accounts for approximately 10.0% of Boston Mountain Money Management Inc.’s portfolio, making the stock its 3rd largest holding. Boston Mountain Money Management Inc.’s holdings in Walmart were worth $15,207,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Tennessee Valley Asset Management Partners bought a new position in Walmart during the 4th quarter valued at $173,000. Federated Hermes Inc. grew its stake in shares of Walmart by 59.7% in the 4th quarter. Federated Hermes Inc. now owns 373,029 shares of the retailer’s stock worth $58,808,000 after purchasing an additional 139,516 shares during the last quarter. HTLF Bank acquired a new stake in shares of Walmart during the 4th quarter valued at $5,888,000. Wheelhouse Advisory Group LLC purchased a new position in Walmart in the 4th quarter worth about $277,000. Finally, Ninepoint Partners LP raised its holdings in shares of Walmart by 4.8% during the fourth quarter. Ninepoint Partners LP now owns 4,220 shares of the retailer’s stock valued at $665,000 after acquiring an additional 195 shares during the period. Hedge funds and other institutional investors own 26.76% of the company’s stock.

Analyst Upgrades and Downgrades

WMT has been the subject of several research reports. Evercore ISI lifted their price target on Walmart from $74.00 to $78.00 and gave the company an “outperform” rating in a report on Friday. Oppenheimer increased their target price on Walmart from $69.00 to $75.00 and gave the stock an “outperform” rating in a report on Thursday, June 6th. UBS Group upped their price target on Walmart from $74.00 to $81.00 and gave the company a “buy” rating in a research note on Friday. Bank of America lifted their price objective on Walmart from $75.00 to $85.00 and gave the stock a “buy” rating in a research report on Friday. Finally, Tigress Financial upped their target price on shares of Walmart from $75.00 to $86.00 and gave the company a “buy” rating in a research report on Tuesday, July 23rd. Two research analysts have rated the stock with a hold rating, twenty-six have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $78.57.

Insider Buying and Selling at Walmart

In other Walmart news, SVP David Chojnowski sold 8,791 shares of the firm’s stock in a transaction dated Wednesday, June 26th. The shares were 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 in the company, valued at $6,420,220. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other Walmart news, Director Timothy Patrick Flynn sold 30,000 shares of the business’s stock in a transaction dated Tuesday, May 21st. The stock was sold at an average price of $64.82, for a total transaction of $1,944,600.00. Following the completion of the sale, the director now 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 accessible through the SEC website. Also, SVP David Chojnowski sold 8,791 shares of the stock in a transaction on 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 sale, the senior vice president now directly owns 94,415 shares of the company’s stock, valued at $6,420,220. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 11,000,613 shares of company stock worth $725,932,010. 45.58% of the stock is currently owned by company insiders.

Walmart Stock Performance

WMT traded up $0.27 on Monday, hitting $73.72. The company’s stock had a trading volume of 13,298,702 shares, compared to its average volume of 17,620,494. The company has a quick ratio of 0.23, a current ratio of 0.80 and a debt-to-equity ratio of 0.48. Walmart Inc. has a 12 month low of $49.85 and a 12 month high of $74.44. The firm has a market cap of $592.97 billion, a P/E ratio of 31.54, a price-to-earnings-growth ratio of 3.95 and a beta of 0.50. The company’s 50 day simple moving average is $68.86 and its 200-day simple moving average is $63.43.

Walmart (NYSE:WMT) last posted its quarterly earnings data 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. The company had revenue of $169.30 billion during the quarter, compared to the consensus estimate of $168.56 billion. Walmart had a net margin of 2.88% and a return on equity of 21.57%. The firm’s revenue was up 4.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.61 EPS. Analysts forecast that Walmart Inc. will post 2.43 EPS for the current year.

Walmart 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.