Hall Laurie J Trustee Sells 600 Shares of Walmart Inc. (NYSE:WMT)

Hall Laurie J Trustee trimmed its holdings in shares of Walmart Inc. (NYSE:WMT) by 8.0% in the second quarter, Holdings Channel.com reports. The firm owned 6,945 shares of the retailer’s stock after selling 600 shares during the quarter. Hall Laurie J Trustee’s holdings in Walmart were worth $470,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of WMT. Vanguard Group Inc. grew its stake in shares of Walmart by 199.4% during the 1st quarter. Vanguard Group Inc. now owns 411,745,334 shares of the retailer’s stock worth $24,774,717,000 after acquiring an additional 274,229,968 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its holdings in Walmart by 181.0% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 56,861,234 shares of the retailer’s stock valued at $3,421,342,000 after purchasing an additional 36,625,314 shares during the last quarter. Bank of New York Mellon Corp lifted its holdings in Walmart by 183.0% during the 1st quarter. Bank of New York Mellon Corp now owns 29,172,985 shares of the retailer’s stock valued at $1,755,339,000 after purchasing an additional 18,865,484 shares during the last quarter. Norges Bank acquired a new stake in shares of Walmart during the fourth quarter worth $3,674,652,000. Finally, Raymond James & Associates lifted its holdings in shares of Walmart by 16.0% during the second quarter. Raymond James & Associates now owns 16,282,129 shares of the retailer’s stock worth $1,102,463,000 after buying an additional 2,246,656 shares in the last quarter. 26.76% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research firms recently weighed in on WMT. Truist Financial upped their price objective on shares of Walmart from $64.00 to $76.00 and gave the stock a “hold” rating in a research report on Friday. Stifel Nicolaus upped their price objective on Walmart from $71.00 to $73.00 and gave the company a “hold” rating in a research note on Tuesday, August 13th. HSBC upped their price objective on Walmart from $70.00 to $81.00 and gave the company a “buy” rating in a research note on Tuesday, June 11th. Deutsche Bank Aktiengesellschaft upped their price objective on Walmart from $77.00 to $83.00 and gave the company a “buy” rating in a research note on Friday. Finally, Royal Bank of Canada upped their price objective on Walmart from $74.00 to $80.00 and gave the company an “outperform” rating in a research note on Friday. Two analysts have rated the stock with a hold rating, twenty-six have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $78.57.

Walmart Price Performance

Shares of WMT traded up $0.84 during trading hours on Tuesday, reaching $74.56. 14,423,731 shares of the company’s stock traded hands, compared to its average volume of 17,599,436. The stock has a market cap of $599.73 billion, a PE ratio of 31.91, a price-to-earnings-growth ratio of 4.04 and a beta of 0.50. The company has a current ratio of 0.80, a quick ratio of 0.22 and a debt-to-equity ratio of 0.46. The firm’s 50 day simple moving average is $69.15 and its 200-day simple moving average is $63.68. Walmart Inc. has a 12 month low of $49.85 and a 12 month high of $74.75.

Walmart (NYSE:WMT) last announced its quarterly earnings results on Thursday, August 15th. The retailer reported $0.67 EPS 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 21.72% and a net margin of 2.34%. The business’s quarterly revenue was up 4.7% on a year-over-year basis. During the same period in the previous year, the firm earned $0.61 EPS. Equities analysts expect that Walmart Inc. will post 2.43 EPS for the current year.

Insiders Place Their Bets

In other news, EVP John D. Rainey sold 3,000 shares of the company’s stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $69.19, for a total transaction of $207,570.00. Following the transaction, the executive vice president now directly owns 387,165 shares of the company’s stock, valued at $26,787,946.35. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In related news, EVP John D. Rainey sold 3,000 shares of the company’s stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $69.19, for a total transaction of $207,570.00. Following the completion of the sale, the executive vice president now owns 387,165 shares in the company, valued at $26,787,946.35. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director S Robson Walton sold 933,000 shares of the company’s stock in a transaction on Thursday, May 30th. The shares were sold at an average price of $64.92, for a total value of $60,570,360.00. Following the sale, the director now owns 642,016,611 shares of the company’s stock, valued at approximately $41,679,718,386.12. The disclosure for this sale can be found here. Over the last three months, insiders have sold 10,970,613 shares of company stock valued at $723,987,410. 45.58% of the stock is currently owned by corporate 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.