Global X Japan Co. Ltd. Lowers Stock Position in Walmart Inc. (NYSE:WMT)

Global X Japan Co. Ltd. lowered its position in shares of Walmart Inc. (NYSE:WMT) by 7.1% in the second quarter, according to its most recent 13F filing with the SEC. The firm owned 7,180 shares of the retailer’s stock after selling 548 shares during the quarter. Global X Japan Co. Ltd.’s holdings in Walmart were worth $486,000 as of its most recent filing with the SEC.

Several other large investors also recently made changes to their positions in the business. Partnership Wealth Management LLC acquired a new position in Walmart in the 4th quarter worth $30,000. Able Wealth Management LLC acquired a new position in Walmart in the fourth quarter worth about $30,000. Vermillion & White Wealth Management Group LLC acquired a new stake in Walmart during the fourth quarter valued at approximately $32,000. Tidemark LLC bought a new position in Walmart during the fourth quarter worth $37,000. Finally, Frank Rimerman Advisors LLC acquired a new position in shares of Walmart in the 4th quarter valued at about $48,000. Institutional investors and hedge funds own 26.76% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on WMT. TD Cowen lifted their price target on Walmart from $80.00 to $85.00 and gave the company a “buy” rating in a report on Friday, August 16th. Jefferies Financial Group increased their target price on shares of Walmart from $85.00 to $90.00 and gave the company a “buy” rating in a research note on Wednesday, September 4th. UBS Group lifted their price target on Walmart from $74.00 to $81.00 and gave the stock a “buy” rating in a research note on Friday, August 16th. Piper Sandler restated an “overweight” rating and issued a $83.00 target price (up previously from $81.00) on shares of Walmart in a report on Friday, August 16th. Finally, Deutsche Bank Aktiengesellschaft upped their target price on Walmart from $77.00 to $83.00 and gave the company a “buy” rating in a report on Friday, August 16th. Two equities research analysts have rated the stock with a hold rating, twenty-six have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $78.99.

Insider Activity

In other Walmart news, major shareholder Alice L. Walton sold 40,974 shares of the business’s stock in a transaction dated Wednesday, June 12th. The stock was sold at an average price of $66.79, for a total transaction of $2,736,653.46. Following the completion of the transaction, the insider now owns 635,512,658 shares of the company’s stock, valued at $42,445,890,427.82. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other Walmart news, major shareholder Alice L. Walton sold 40,974 shares of the company’s stock in a transaction on Wednesday, June 12th. The shares were sold at an average price of $66.79, for a total transaction of $2,736,653.46. Following the sale, the insider now owns 635,512,658 shares of the company’s stock, valued at $42,445,890,427.82. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder Alice L. Walton sold 2,709,163 shares of the stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $77.37, for a total value of $209,607,941.31. Following the transaction, the insider now owns 630,501,148 shares in the company, valued at $48,781,873,820.76. The disclosure for this sale can be found here. In the last quarter, insiders have sold 6,510,437 shares of company stock worth $487,759,176. Insiders own 45.58% of the company’s stock.

Walmart Stock Up 0.9 %

NYSE WMT opened at $77.35 on Tuesday. The company has a market cap of $621.76 billion, a price-to-earnings ratio of 33.10, a PEG ratio of 3.84 and a beta of 0.51. 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 company has a 50 day moving average of $71.64 and a 200-day moving average of $65.62. Walmart Inc. has a 1-year low of $49.85 and a 1-year high of $77.81.

Walmart (NYSE:WMT) last announced 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. Walmart had a net margin of 2.34% and a return on equity of 21.72%. The firm had revenue of $169.30 billion for the quarter, compared to the consensus estimate of $168.56 billion. During the same period in the prior year, the company posted $0.61 earnings per share. The business’s revenue for the quarter was up 4.7% on a year-over-year basis. On average, equities research analysts expect that Walmart Inc. will post 2.44 earnings per share for the current fiscal 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.