Walmart Inc. (NYSE:WMT) Shares Sold by Waters Parkerson & CO. LLC

Waters Parkerson & CO. LLC trimmed its position in Walmart Inc. (NYSE:WMTGet Rating) by 0.4% in the third quarter, Holdings Channel reports. The firm owned 52,455 shares of the retailer’s stock after selling 205 shares during the quarter. Waters Parkerson & CO. LLC’s holdings in Walmart were worth $6,803,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of WMT. Candriam S.C.A. raised its holdings in shares of Walmart by 398.9% during the second quarter. Candriam S.C.A. now owns 63,636 shares of the retailer’s stock valued at $7,736,000 after buying an additional 50,880 shares during the last quarter. Kingsview Wealth Management LLC bought a new position in shares of Walmart in the second quarter valued at $5,302,000. Windward Capital Management Co. CA increased its holdings in shares of Walmart by 0.7% in the third quarter. Windward Capital Management Co. CA now owns 28,022 shares of the retailer’s stock valued at $3,634,000 after buying an additional 201 shares in the last quarter. Meritage Portfolio Management increased its holdings in shares of Walmart by 35.2% in the third quarter. Meritage Portfolio Management now owns 20,160 shares of the retailer’s stock valued at $2,615,000 after buying an additional 5,253 shares in the last quarter. Finally, Norris Perne & French LLP MI increased its holdings in shares of Walmart by 6.9% in the third quarter. Norris Perne & French LLP MI now owns 2,989 shares of the retailer’s stock valued at $388,000 after buying an additional 194 shares in the last quarter. 31.27% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

WMT has been the topic of several research reports. Deutsche Bank Aktiengesellschaft dropped their price target on Walmart from $162.00 to $161.00 in a report on Friday, November 11th. Truist Financial lifted their price objective on shares of Walmart from $134.00 to $150.00 and gave the stock a “hold” rating in a research report on Wednesday, November 16th. Evercore ISI lifted their price objective on shares of Walmart from $135.00 to $140.00 and gave the stock an “in-line” rating in a research report on Wednesday, November 16th. DA Davidson lifted their price objective on shares of Walmart from $163.00 to $173.00 and gave the stock a “buy” rating in a research report on Wednesday, November 16th. Finally, Cowen lifted their price objective on shares of Walmart from $165.00 to $175.00 in a research report on Wednesday, November 16th. One analyst has rated the stock with a sell rating, nine have given a hold rating, eighteen have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $160.42.

Walmart Stock Performance

Walmart stock traded down $2.28 on Wednesday, reaching $140.74. 815,331 shares of the stock were exchanged, compared to its average volume of 5,203,639. The stock has a market cap of $379.55 billion, a PE ratio of 44.14, a PEG ratio of 4.27 and a beta of 0.54. The company has a current ratio of 0.86, a quick ratio of 0.23 and a debt-to-equity ratio of 0.48. Walmart Inc. has a twelve month low of $117.27 and a twelve month high of $160.77. The firm has a fifty day moving average price of $146.42 and a two-hundred day moving average price of $138.27.

Walmart (NYSE:WMTGet Rating) last released its earnings results on Tuesday, November 15th. The retailer reported $1.50 earnings per share for the quarter, topping analysts’ consensus estimates of $1.32 by $0.18. The firm had revenue of $152.80 billion during the quarter, compared to analyst estimates of $146.80 billion. Walmart had a net margin of 1.49% and a return on equity of 19.54%. The business’s revenue was up 8.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.45 EPS. Sell-side analysts anticipate that Walmart Inc. will post 6.08 EPS for the current year.

Walmart declared that its Board of Directors has approved a share buyback plan on Tuesday, November 15th that authorizes the company to buyback $20.00 billion in shares. This buyback authorization authorizes the retailer to reacquire up to 5% of its shares through open market purchases. Shares buyback plans are typically a sign that the company’s board believes its shares are undervalued.

Insiders Place Their Bets

In other Walmart news, Director S Robson Walton sold 493,782 shares of the business’s stock in a transaction on Thursday, December 1st. The shares were sold at an average price of $152.55, for a total transaction of $75,326,444.10. Following the completion of the transaction, the director now owns 274,138,135 shares of the company’s stock, valued at approximately $41,819,772,494.25. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other news, Director S Robson Walton sold 493,782 shares of the company’s stock in a transaction dated Thursday, December 1st. The shares were sold at an average price of $152.55, for a total transaction of $75,326,444.10. Following the completion of the transaction, the director now owns 274,138,135 shares of the company’s stock, valued at $41,819,772,494.25. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP David Chojnowski sold 7,000 shares of the company’s stock in a transaction dated Wednesday, November 16th. The shares were sold at an average price of $149.89, for a total transaction of $1,049,230.00. Following the transaction, the senior vice president now directly owns 37,921 shares of the company’s stock, valued at approximately $5,683,978.69. The disclosure for this sale can be found here. Insiders sold a total of 8,831,902 shares of company stock valued at $1,312,822,421 in the last quarter. Insiders own 47.06% of the company’s stock.

About Walmart

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Walmart, Inc engages in retail and wholesale business. The company offers an assortment of merchandise and services at everyday low prices. It operates through the following business segments: Walmart U.S., Walmart International, and Sam’s Club. The Walmart U.S. segment operates as a merchandiser of consumer products, operating under the Walmart, Wal-Mart, and Walmart Neighborhood Market brands, as well as walmart.com and other eCommerce brands.

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Institutional Ownership by Quarter for Walmart (NYSE:WMT)

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