Van Cleef Asset Management Inc Sells 6,000 Shares of Walmart Inc. (NYSE:WMT)

Van Cleef Asset Management Inc decreased its holdings in shares of Walmart Inc. (NYSE:WMT) by 43.5% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 7,800 shares of the retailer’s stock after selling 6,000 shares during the period. Van Cleef Asset Management Inc’s holdings in Walmart were worth $528,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the stock. EntryPoint Capital LLC bought a new position in shares of Walmart during the 1st quarter worth approximately $25,000. Northwest Capital Management Inc raised its stake in Walmart by 199.3% during the first quarter. Northwest Capital Management Inc now owns 440 shares of the retailer’s stock worth $26,000 after acquiring an additional 293 shares in the last quarter. TruNorth Capital Management LLC lifted its holdings in shares of Walmart by 138.3% during the second quarter. TruNorth Capital Management LLC now owns 429 shares of the retailer’s stock valued at $29,000 after acquiring an additional 249 shares during the period. Cultivar Capital Inc. bought a new position in shares of Walmart during the second quarter valued at $29,000. Finally, Partnership Wealth Management LLC bought a new stake in shares of Walmart in the 4th quarter worth about $30,000. 26.76% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Walmart

In other Walmart news, SVP David Chojnowski sold 8,791 shares of the business’s stock in a transaction that occurred on Wednesday, June 26th. The stock was sold at an average price of $68.00, for a total value of $597,788.00. Following the sale, the senior vice president now owns 94,415 shares in the company, valued at approximately $6,420,220. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In related news, SVP David Chojnowski sold 8,791 shares of the stock in a transaction on Wednesday, June 26th. The shares were 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 owns 94,415 shares in the company, valued at $6,420,220. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Daniel J. Bartlett sold 2,398 shares of Walmart stock in a transaction dated Monday, July 15th. The shares were sold at an average price of $69.50, for a total value of $166,661.00. Following the completion of the sale, the executive vice president now directly owns 463,871 shares in the company, valued at approximately $32,239,034.50. The disclosure for this sale can be found here. Insiders sold 10,513,707 shares of company stock valued at $797,374,003 over the last three months. Company insiders own 45.58% of the company’s stock.

Walmart Stock Up 1.9 %

Walmart stock opened at $78.80 on Wednesday. The company has a 50 day moving average of $71.86 and a 200-day moving average of $65.76. 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 twelve month low of $49.85 and a twelve month high of $78.90. The stock has a market capitalization of $633.41 billion, a PE ratio of 33.72, a price-to-earnings-growth ratio of 3.84 and a beta of 0.51.

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

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the stock. Truist Financial lifted their price target on shares of Walmart from $64.00 to $76.00 and gave the company a “hold” rating in a report on Friday, August 16th. The Goldman Sachs Group boosted their target price on shares of Walmart from $73.00 to $81.00 and gave the stock a “buy” rating in a research note on Friday, August 16th. Raymond James boosted their price objective on shares of Walmart from $63.00 to $70.00 and gave the stock an “outperform” rating in a research report on Friday, May 17th. Bank of America increased their price objective on Walmart from $75.00 to $85.00 and gave the company a “buy” rating in a research report on Friday, August 16th. Finally, Stifel Nicolaus lifted their target price on Walmart from $71.00 to $73.00 and gave the company a “hold” rating in a research note on Tuesday, August 13th. Two 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 stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $78.99.

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.