Nwam LLC Sells 131 Shares of Walmart Inc. (NYSE:WMT)

Nwam LLC cut its position in shares of Walmart Inc. (NYSE:WMT) by 0.6% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 22,708 shares of the retailer’s stock after selling 131 shares during the period. Nwam LLC’s holdings in Walmart were worth $1,834,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of WMT. CAP Partners LLC grew its position in Walmart by 2.1% in the third quarter. CAP Partners LLC now owns 6,054 shares of the retailer’s stock worth $489,000 after acquiring an additional 125 shares during the period. Investment Advisory Group LLC grew its position in Walmart by 2.1% in the third quarter. Investment Advisory Group LLC now owns 6,182 shares of the retailer’s stock worth $499,000 after acquiring an additional 126 shares during the period. Jag Capital Management LLC grew its position in Walmart by 1.4% in the third quarter. Jag Capital Management LLC now owns 9,413 shares of the retailer’s stock worth $760,000 after acquiring an additional 132 shares during the period. Professional Financial Advisors LLC grew its position in Walmart by 0.6% in the third quarter. Professional Financial Advisors LLC now owns 21,839 shares of the retailer’s stock worth $1,763,000 after acquiring an additional 137 shares during the period. Finally, Inspire Advisors LLC boosted its position in shares of Walmart by 2.1% during the third quarter. Inspire Advisors LLC now owns 6,677 shares of the retailer’s stock worth $539,000 after buying an additional 137 shares during the period. 26.76% of the stock is owned by institutional investors.

Walmart Stock Up 2.3 %

Walmart stock opened at $90.44 on Friday. Walmart Inc. has a 1-year low of $49.85 and a 1-year high of $90.91. The company has a debt-to-equity ratio of 0.56, a current ratio of 0.85 and a quick ratio of 0.22. The stock has a market cap of $726.94 billion, a PE ratio of 37.11, a P/E/G ratio of 4.20 and a beta of 0.51. The stock’s fifty day moving average is $82.12 and its two-hundred day moving average is $73.75.

Walmart (NYSE:WMT) last posted its earnings results on Tuesday, November 19th. The retailer reported $0.58 EPS for the quarter, topping analysts’ consensus estimates of $0.53 by $0.05. Walmart had a return on equity of 21.78% and a net margin of 2.92%. The business had revenue of $169.59 billion for the quarter, compared to analysts’ expectations of $167.69 billion. During the same quarter in the previous year, the firm earned $0.51 earnings per share. The business’s revenue was up 5.5% compared to the same quarter last year. On average, sell-side analysts expect that Walmart Inc. will post 2.47 EPS for the current fiscal year.

Insider Transactions at Walmart

In other news, EVP John D. Rainey sold 3,000 shares of Walmart stock in a transaction dated Friday, November 1st. The stock was sold at an average price of $82.12, for a total transaction of $246,360.00. Following the sale, the executive vice president now owns 378,165 shares in the company, valued at approximately $31,054,909.80. The trade was a 0.79 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP John R. Furner sold 13,125 shares of Walmart stock in a transaction dated Thursday, October 24th. The stock was sold at an average price of $82.96, for a total value of $1,088,850.00. Following the sale, the executive vice president now owns 593,040 shares in the company, valued at $49,198,598.40. This trade represents a 2.17 % 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 worth $958,823,647. Corporate insiders own 45.58% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on WMT shares. JPMorgan Chase & Co. raised their price target on Walmart from $81.00 to $83.00 and gave the stock an “overweight” rating in a research report on Friday, August 16th. Stifel Nicolaus raised their price target on Walmart from $85.00 to $89.00 and gave the stock a “hold” rating in a research report on Wednesday. Citigroup raised their price target on Walmart from $75.00 to $98.00 and gave the stock a “buy” rating in a research report on Friday, September 27th. Truist Financial raised their price target on Walmart from $89.00 to $98.00 and gave the stock a “buy” rating in a research report on Wednesday. Finally, Piper Sandler raised their price target on Walmart from $83.00 to $93.00 and gave the stock an “overweight” rating in a research report on Monday, November 18th. Two analysts have rated the stock with a hold rating, twenty-nine have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Walmart presently has a consensus rating of “Moderate Buy” and an average price target of $91.88.

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.