Oxinas Partners Wealth Management LLC Sells 1,114 Shares of Walmart Inc. (NYSE:WMT)

Oxinas Partners Wealth Management LLC reduced its position in Walmart Inc. (NYSE:WMT) by 10.6% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 9,415 shares of the retailer’s stock after selling 1,114 shares during the period. Oxinas Partners Wealth Management LLC’s holdings in Walmart were worth $638,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of the business. AHL Investment Management Inc. raised its position in Walmart by 192.1% in the 1st quarter. AHL Investment Management Inc. now owns 24,000 shares of the retailer’s stock valued at $1,444,000 after buying an additional 15,785 shares during the last quarter. Core Wealth Advisors Inc. lifted its position in shares of Walmart by 38.9% during the 4th quarter. Core Wealth Advisors Inc. now owns 1,501 shares of the retailer’s stock worth $237,000 after buying an additional 420 shares in the last quarter. Liberty Wealth Management LLC purchased a new position in shares of Walmart in the 1st quarter worth approximately $270,000. Commerce Bank grew its holdings in shares of Walmart by 189.4% in the first quarter. Commerce Bank now owns 917,625 shares of the retailer’s stock valued at $55,213,000 after acquiring an additional 600,521 shares in the last quarter. Finally, Envestnet Portfolio Solutions Inc. increased its position in shares of Walmart by 290.7% during the first quarter. Envestnet Portfolio Solutions Inc. now owns 270,065 shares of the retailer’s stock valued at $16,250,000 after acquiring an additional 200,947 shares during the last quarter. Institutional investors and hedge funds own 26.76% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the company. Stifel Nicolaus boosted their price objective on Walmart from $71.00 to $73.00 and gave the stock a “hold” rating in a research report on Tuesday, August 13th. Citigroup raised their price objective on shares of Walmart from $63.33 to $75.00 and gave the stock a “buy” rating in a report on Friday, May 17th. The Goldman Sachs Group boosted their target price on shares of Walmart from $73.00 to $81.00 and gave the company a “buy” rating in a research note on Friday, August 16th. Wells Fargo & Company increased their target price on shares of Walmart from $75.00 to $81.00 and gave the company an “overweight” rating in a research report on Friday, August 16th. Finally, Evercore ISI lifted their price target on shares of Walmart from $78.00 to $80.00 and gave the stock an “outperform” rating in a report on Thursday, August 22nd. Two research analysts have rated the stock with a hold rating, twenty-six have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $78.64.

Walmart Price Performance

NYSE WMT traded up $0.35 during trading on Tuesday, reaching $77.58. The company’s stock had a trading volume of 7,528,387 shares, compared to its average volume of 17,358,725. The stock has a market capitalization of $624.02 billion, a PE ratio of 33.21, a P/E/G ratio of 3.87 and a beta of 0.51. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.80 and a quick ratio of 0.22. The firm has a fifty day moving average of $70.71 and a 200 day moving average of $64.93. Walmart Inc. has a one year low of $49.85 and a one year high of $77.81.

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

Insiders Place Their Bets

In related news, major shareholder Alice L. Walton sold 1,250,000 shares of the stock in a transaction on Friday, June 7th. The shares were sold at an average price of $66.11, for a total transaction of $82,637,500.00. Following the transaction, the insider now owns 640,532,611 shares of the company’s stock, valued at approximately $42,345,610,913.21. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other Walmart news, major shareholder Alice L. Walton sold 3,633,800 shares of the business’s stock in a transaction that occurred on Monday, June 10th. The stock was sold at an average price of $66.80, for a total value of $242,737,840.00. Following the completion of the sale, the insider now owns 636,898,811 shares in the company, valued at $42,544,840,574.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder Alice L. Walton sold 1,250,000 shares of the stock in a transaction that occurred on Friday, June 7th. The shares were sold at an average price of $66.11, for a total value of $82,637,500.00. Following the sale, the insider now directly owns 640,532,611 shares of the company’s stock, valued at approximately $42,345,610,913.21. The disclosure for this sale can be found here. Insiders sold a total of 6,306,511 shares of company stock valued at $420,470,807 over the last quarter. 45.58% of the stock is owned by corporate 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.