Walmart Inc. (NYSE:WMT) Shares Sold by Bfsg LLC

Bfsg LLC lowered its stake in shares of Walmart Inc. (NYSE:WMT) by 13.2% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 62,502 shares of the retailer’s stock after selling 9,529 shares during the quarter. Bfsg LLC’s holdings in Walmart were worth $5,047,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of WMT. Alliance Wealth Advisors LLC increased its stake in Walmart by 11.5% during the 3rd quarter. Alliance Wealth Advisors LLC now owns 4,412 shares of the retailer’s stock valued at $356,000 after purchasing an additional 456 shares in the last quarter. Heritage Family Offices LLP purchased a new stake in shares of Walmart during the third quarter valued at $493,000. Firethorn Wealth Partners LLC grew its holdings in shares of Walmart by 16.8% during the third quarter. Firethorn Wealth Partners LLC now owns 10,115 shares of the retailer’s stock valued at $817,000 after buying an additional 1,452 shares during the last quarter. Provident Wealth Management LLC acquired a new position in shares of Walmart in the 3rd quarter valued at $237,000. Finally, Indiana Trust & Investment Management Co raised its stake in Walmart by 26.1% in the 3rd quarter. Indiana Trust & Investment Management Co now owns 15,200 shares of the retailer’s stock worth $1,227,000 after acquiring an additional 3,150 shares during the last quarter. 26.76% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Walmart

In related news, major shareholder S Robson Walton sold 4,057,369 shares of Walmart stock in a transaction on Monday, September 9th. The stock was sold at an average price of $77.20, for a total value of $313,228,886.80. Following the completion of the transaction, the insider now directly owns 611,988,318 shares in the company, valued at approximately $47,245,498,149.60. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other news, major shareholder Alice L. Walton sold 2,709,163 shares of the firm’s stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $77.37, for a total value of $209,607,941.31. Following the sale, the insider now directly owns 630,501,148 shares in the company, valued at approximately $48,781,873,820.76. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, major shareholder S Robson Walton sold 4,057,369 shares of the business’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 of the company’s stock, valued at approximately $47,245,498,149.60. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 12,337,337 shares of company stock valued at $958,267,901. 45.58% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several analysts have weighed in on the company. The Goldman Sachs Group boosted their price target on Walmart from $73.00 to $81.00 and gave the company a “buy” rating in a research note on Friday, August 16th. KeyCorp increased their price target on shares of Walmart from $82.00 to $86.00 and gave the stock an “overweight” rating in a report on Monday. Morgan Stanley upped their price objective on shares of Walmart from $75.00 to $82.00 and gave the company an “overweight” rating in a report on Friday, August 16th. Truist Financial upgraded shares of Walmart from a “hold” rating to a “buy” rating and boosted their target price for the company from $76.00 to $89.00 in a research report on Tuesday, September 24th. Finally, Guggenheim increased their price target on Walmart from $75.00 to $81.00 and gave the stock a “buy” rating in a research report on Friday, August 16th. One analyst has rated the stock with a hold rating, twenty-eight have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Walmart currently has an average rating of “Buy” and a consensus target price of $82.96.

Walmart Price Performance

WMT stock opened at $81.22 on Thursday. The business’s fifty day moving average price is $77.37 and its 200 day moving average price is $69.31. Walmart Inc. has a 12-month low of $49.85 and a 12-month high of $81.82. The company has a market capitalization of $652.87 billion, a PE ratio of 42.23, a P/E/G ratio of 4.02 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.

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

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.