Etesian Wealth Advisors Inc. Sells 590 Shares of Walmart Inc. (NYSE:WMT)

Etesian Wealth Advisors Inc. lessened its holdings in shares of Walmart Inc. (NYSE:WMT) by 1.7% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 33,910 shares of the retailer’s stock after selling 590 shares during the quarter. Walmart comprises approximately 1.2% of Etesian Wealth Advisors Inc.’s portfolio, making the stock its 19th biggest holding. Etesian Wealth Advisors Inc.’s holdings in Walmart were worth $2,738,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of the business. Key Client Fiduciary Advisors LLC grew its stake in Walmart by 10.2% in the 3rd quarter. Key Client Fiduciary Advisors LLC now owns 36,615 shares of the retailer’s stock valued at $2,957,000 after buying an additional 3,381 shares in the last quarter. Cahaba Wealth Management Inc. grew its position in shares of Walmart by 6.4% in the third quarter. Cahaba Wealth Management Inc. now owns 12,450 shares of the retailer’s stock valued at $1,005,000 after purchasing an additional 752 shares in the last quarter. Kraft Asset Management LLC purchased a new stake in Walmart during the 3rd quarter worth about $206,000. Mitsubishi UFJ Asset Management UK Ltd. bought a new stake in shares of Walmart during the third quarter valued at about $1,211,000. Finally, Legacy Financial Strategies LLC boosted its position in shares of Walmart by 49.2% in the third quarter. Legacy Financial Strategies LLC now owns 5,157 shares of the retailer’s stock valued at $416,000 after acquiring an additional 1,701 shares during the period. Hedge funds and other institutional investors own 26.76% of the company’s stock.

Walmart Price Performance

WMT stock traded up $0.42 during mid-day trading on Friday, reaching $81.31. The company’s stock had a trading volume of 12,324,148 shares, compared to its average volume of 17,134,037. The stock has a market cap of $654.02 billion, a PE ratio of 34.75, a P/E/G ratio of 4.02 and a beta of 0.51. The company’s 50 day moving average is $77.90 and its two-hundred day moving average is $69.54. Walmart Inc. has a fifty-two week low of $49.85 and a fifty-two week high of $81.82. The company has a current ratio of 0.80, a quick ratio of 0.22 and a debt-to-equity ratio of 0.46.

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

Analyst Upgrades and Downgrades

Several research analysts have commented on WMT shares. StockNews.com raised shares of Walmart from a “buy” rating to a “strong-buy” rating in a report on Friday, August 16th. Piper Sandler restated an “overweight” rating and set a $83.00 target price (up from $81.00) on shares of Walmart in a research report on Friday, August 16th. Stifel Nicolaus boosted their price objective on Walmart from $71.00 to $73.00 and gave the stock a “hold” rating in a report on Tuesday, August 13th. UBS Group raised their target price on shares of Walmart from $81.00 to $92.00 and gave the company a “buy” rating in a research note on Friday, October 11th. Finally, DA Davidson increased their price target on shares of Walmart from $75.00 to $85.00 and gave the stock a “buy” rating in a report on Friday, August 16th. One investment analyst has rated the stock with a hold rating, twenty-eight have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, Walmart presently has a consensus rating of “Buy” and a consensus price target of $82.96.

Insiders Place Their Bets

In other news, EVP Daniel J. Bartlett sold 2,065 shares of the stock in a transaction on Tuesday, October 15th. The stock was sold at an average price of $80.69, for a total transaction of $166,624.85. Following the completion of the transaction, the executive vice president now directly owns 457,493 shares in the company, valued at approximately $36,915,110.17. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other news, EVP John R. Furner sold 13,125 shares of Walmart stock in a transaction on Thursday, July 25th. The stock was sold at an average price of $70.60, for a total value of $926,625.00. Following the completion of the sale, the executive vice president now directly owns 632,415 shares of the company’s stock, valued at approximately $44,648,499. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, EVP Daniel J. Bartlett sold 2,065 shares of the firm’s stock in a transaction dated Tuesday, October 15th. The shares were sold at an average price of $80.69, for a total value of $166,624.85. Following the transaction, the executive vice president now owns 457,493 shares of the company’s stock, valued at $36,915,110.17. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 12,337,337 shares of company stock valued at $958,267,901 over the last quarter. 45.58% of the stock is owned by insiders.

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.