Amalgamated Bank Has $58.72 Million Stock Holdings in Walmart Inc. (NYSE:WMT)

Amalgamated Bank decreased its position in shares of Walmart Inc. (NYSE:WMT) by 1.6% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 867,291 shares of the retailer’s stock after selling 14,306 shares during the quarter. Walmart comprises approximately 0.5% of Amalgamated Bank’s investment portfolio, making the stock its 24th biggest holding. Amalgamated Bank’s holdings in Walmart were worth $58,724,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the company. EntryPoint Capital LLC acquired a new position in shares of Walmart in the 1st quarter valued at $25,000. Northwest Capital Management Inc lifted its holdings 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 grew its stake in Walmart by 138.3% in 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 stake in shares of Walmart in the second quarter worth about $29,000. Finally, Able Wealth Management LLC acquired a new stake in shares of Walmart during the fourth quarter worth about $30,000. Institutional investors and hedge funds own 26.76% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. JPMorgan Chase & Co. boosted their price objective on Walmart from $81.00 to $83.00 and gave the company an “overweight” rating in a research report on Friday, August 16th. Piper Sandler reissued an “overweight” rating and set a $83.00 price objective (up previously from $81.00) on shares of Walmart in a research report on Friday, August 16th. Guggenheim raised their price objective on shares of Walmart from $75.00 to $81.00 and gave the stock a “buy” rating in a report on Friday, August 16th. Deutsche Bank Aktiengesellschaft upped their target price on shares of Walmart from $77.00 to $83.00 and gave the stock a “buy” rating in a research note on Friday, August 16th. Finally, StockNews.com raised Walmart from a “buy” rating to a “strong-buy” rating in a research note on Friday, August 16th. Two analysts have rated the stock with a hold rating, twenty-six have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, Walmart has a consensus rating of “Moderate Buy” and an average price target of $78.99.

Walmart Trading Down 2.4 %

WMT stock opened at $78.62 on Wednesday. The stock has a market cap of $631.97 billion, a price-to-earnings ratio of 33.65, a price-to-earnings-growth ratio of 4.03 and a beta of 0.51. The company has a fifty day moving average price of $72.90 and a two-hundred day moving average price of $66.48. Walmart Inc. has a one year low of $49.85 and a one year high of $81.02. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.80 and a quick ratio of 0.22.

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

Insider Transactions at Walmart

In other Walmart news, EVP John D. Rainey sold 25,578 shares of the company’s stock in a transaction on Monday, July 1st. The stock was sold at an average price of $67.58, for a total value of $1,728,561.24. Following the transaction, the executive vice president now directly owns 390,165 shares of the company’s stock, valued at approximately $26,367,350.70. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In other Walmart news, major shareholder S Robson Walton sold 4,057,369 shares of the firm’s stock in a transaction on Monday, September 9th. The stock was sold at an average price of $77.20, for a total transaction of $313,228,886.80. Following the transaction, the insider now owns 611,988,318 shares in the company, valued at approximately $47,245,498,149.60. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, EVP John D. Rainey sold 25,578 shares of the stock in a transaction on Monday, July 1st. The stock was sold at an average price of $67.58, for a total value of $1,728,561.24. Following the sale, the executive vice president now directly owns 390,165 shares in the company, valued at $26,367,350.70. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 10,203,360 shares of company stock worth $788,678,803. Company insiders own 45.58% of the company’s stock.

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.