Walmart Inc. (NYSE:WMT) Shares Sold by Compass Capital Management Inc.

Compass Capital Management Inc. decreased its holdings in Walmart Inc. (NYSE:WMT) by 5.9% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 937,193 shares of the retailer’s stock after selling 59,280 shares during the quarter. Walmart makes up 4.3% of Compass Capital Management Inc.’s investment portfolio, making the stock its 5th biggest holding. Compass Capital Management Inc.’s holdings in Walmart were worth $63,457,000 as of its most recent SEC filing.

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

Analysts Set New Price Targets

Several equities analysts recently issued reports on the stock. Oppenheimer boosted their target price on shares of Walmart from $69.00 to $75.00 and gave the company an “outperform” rating in a report on Thursday, June 6th. TD Cowen upped their target price on Walmart from $80.00 to $85.00 and gave the company a “buy” rating in a research report on Friday, August 16th. UBS Group lifted their target price on Walmart from $74.00 to $81.00 and gave the stock a “buy” rating in a report on Friday, August 16th. Royal Bank of Canada increased their price target on Walmart from $74.00 to $80.00 and gave the stock an “outperform” rating in a report on Friday, August 16th. Finally, Roth Mkm lifted their price objective on shares of Walmart from $71.00 to $81.00 and gave the company a “buy” rating in a research note on Friday, August 16th. Two equities research analysts have rated the stock with a hold rating, twenty-six have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $78.64.

Walmart Stock Performance

NYSE WMT traded up $0.12 during trading hours on Friday, reaching $75.70. 12,299,093 shares of the company were exchanged, compared to its average volume of 18,978,366. The stock has a market capitalization of $608.90 billion, a P/E ratio of 32.40, a P/E/G ratio of 3.79 and a beta of 0.50. The company has a quick ratio of 0.22, a current ratio of 0.80 and a debt-to-equity ratio of 0.46. Walmart Inc. has a 1 year low of $49.85 and a 1 year high of $76.22. The business’s 50 day simple moving average is $69.68 and its 200-day simple moving average is $64.03.

Walmart (NYSE:WMT) last issued its quarterly earnings results on Thursday, August 15th. The retailer reported $0.67 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.65 by $0.02. Walmart had a net margin of 2.34% and a return on equity of 21.72%. The company had revenue of $169.30 billion during the quarter, compared to analyst estimates of $168.56 billion. During the same quarter last year, the business posted $0.61 EPS. Walmart’s quarterly revenue was up 4.7% compared to the same quarter last year. On average, equities research analysts expect that Walmart Inc. will post 2.44 earnings per share for the current year.

Insider Buying and Selling at Walmart

In other news, Director S Robson Walton sold 1,562,239 shares of the stock in a transaction on Tuesday, May 28th. The stock was sold at an average price of $65.00, for a total transaction of $101,545,535.00. Following the completion of the transaction, the director now owns 642,949,611 shares in the company, valued at approximately $41,791,724,715. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Walmart news, major shareholder Alice L. Walton sold 1,250,000 shares of the stock in a transaction on Friday, June 7th. The stock was sold at an average price of $66.11, for a total transaction of $82,637,500.00. Following the sale, the insider now owns 640,532,611 shares in the company, valued at $42,345,610,913.21. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director S Robson Walton sold 1,562,239 shares of the firm’s stock in a transaction on Tuesday, May 28th. The stock was sold at an average price of $65.00, for a total value of $101,545,535.00. Following the completion of the transaction, the director now directly owns 642,949,611 shares of the company’s stock, valued at $41,791,724,715. The disclosure for this sale can be found here. Insiders have sold a total of 8,827,328 shares of company stock worth $584,261,549 over the last ninety days. 45.58% of the stock is currently owned by company 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.