Financial Insights Inc. Sells 7,557 Shares of Walmart Inc. (NYSE:WMT)

Financial Insights Inc. lessened its position in shares of Walmart Inc. (NYSE:WMT) by 36.2% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 13,305 shares of the retailer’s stock after selling 7,557 shares during the quarter. Financial Insights Inc.’s holdings in Walmart were worth $1,074,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Hoese & Co LLP acquired a new stake in shares of Walmart during the 3rd quarter worth approximately $33,000. EntryPoint Capital LLC acquired a new stake in shares of Walmart during the 1st quarter worth approximately $25,000. TruNorth Capital Management LLC grew its holdings in shares of Walmart by 138.3% during the 2nd quarter. TruNorth Capital Management LLC now owns 429 shares of the retailer’s stock worth $29,000 after purchasing an additional 249 shares in the last quarter. Cultivar Capital Inc. acquired a new stake in Walmart in the 2nd quarter valued at $29,000. Finally, Livelsberger Financial Advisory acquired a new stake in Walmart in the 3rd quarter valued at $36,000. Institutional investors and hedge funds own 26.76% of the company’s stock.

Insider Activity at Walmart

In related news, major shareholder S Robson Walton sold 4,057,369 shares of the company’s stock in a transaction dated 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 sale, the insider now owns 611,988,318 shares in the company, valued at approximately $47,245,498,149.60. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In other Walmart news, EVP John R. Furner sold 13,125 shares of the business’s stock in a transaction dated Thursday, September 26th. The stock was sold at an average price of $81.04, for a total value of $1,063,650.00. Following the completion of the transaction, the executive vice president now directly owns 606,165 shares of the company’s stock, valued at approximately $49,123,611.60. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder S Robson Walton sold 4,057,369 shares of the business’s stock in a transaction dated Monday, September 9th. The shares were 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 of the company’s stock, valued at approximately $47,245,498,149.60. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 12,337,337 shares of company stock worth $958,267,901. 45.58% of the stock is owned by insiders.

Walmart Trading Up 1.5 %

NYSE WMT opened at $82.02 on Wednesday. The stock has a 50-day simple moving average of $78.42 and a 200 day simple moving average of $69.99. The company has a market capitalization of $659.73 billion, a PE ratio of 35.05, a P/E/G ratio of 4.07 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 Inc. has a 12 month low of $49.85 and a 12 month high of $82.22.

Walmart (NYSE:WMT) last released its quarterly earnings data on Thursday, August 15th. The retailer reported $0.67 EPS for the quarter, beating analysts’ consensus estimates 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 return on equity of 21.72% and a net margin of 2.34%. The firm’s revenue was up 4.7% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.61 earnings per share. Research analysts forecast that Walmart Inc. will post 2.44 EPS for the current year.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the company. Piper Sandler reaffirmed an “overweight” rating and issued a $83.00 price target (up previously from $81.00) on shares of Walmart in a research note on Friday, August 16th. Tigress Financial boosted their price target on Walmart from $75.00 to $86.00 and gave the company a “buy” rating in a research note on Tuesday, July 23rd. Bank of America boosted their price target on Walmart from $75.00 to $85.00 and gave the company a “buy” rating in a research note on Friday, August 16th. Robert W. Baird boosted their price target on Walmart from $82.00 to $90.00 and gave the company an “outperform” rating in a research note on Monday, September 30th. Finally, Sanford C. Bernstein assumed coverage on Walmart in a research note on Tuesday. They issued an “outperform” rating and a $95.00 price target on the stock. One analyst has rated the stock with a hold rating, twenty-nine have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Walmart has a consensus rating of “Buy” and an average target price of $83.51.

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.