Valicenti Advisory Services Inc. Sells 1,570 Shares of Walmart Inc. (NYSE:WMT)

Valicenti Advisory Services Inc. lessened its stake in Walmart Inc. (NYSE:WMT) by 2.8% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 54,512 shares of the retailer’s stock after selling 1,570 shares during the quarter. Walmart comprises about 2.7% of Valicenti Advisory Services Inc.’s holdings, making the stock its 9th largest holding. Valicenti Advisory Services Inc.’s holdings in Walmart were worth $8,568,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Moneta Group Investment Advisors LLC raised its stake in Walmart by 112,181.6% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 22,854,919 shares of the retailer’s stock worth $3,240,599,000 after purchasing an additional 22,834,564 shares during the period. Norges Bank acquired a new stake in shares of Walmart during the 4th quarter worth approximately $2,598,736,000. Providence Capital Advisors LLC raised its position in shares of Walmart by 1,164,937.0% during the 1st quarter. Providence Capital Advisors LLC now owns 4,718,400 shares of the retailer’s stock valued at $32,000,000 after buying an additional 4,717,995 shares during the period. Boston Partners lifted its holdings in Walmart by 7,546.2% in the first quarter. Boston Partners now owns 3,166,995 shares of the retailer’s stock valued at $467,747,000 after acquiring an additional 3,125,576 shares during the last quarter. Finally, Envestnet Asset Management Inc. grew its position in Walmart by 179.2% in the first quarter. Envestnet Asset Management Inc. now owns 4,578,677 shares of the retailer’s stock worth $254,078,000 after acquiring an additional 2,938,948 shares during the period. Institutional investors and hedge funds own 33.18% of the company’s stock.

Insiders Place Their Bets

In other news, CEO C Douglas Mcmillon sold 9,708 shares of Walmart stock in a transaction dated Thursday, June 22nd. The shares were sold at an average price of $155.04, for a total value of $1,505,128.32. Following the sale, the chief executive officer now owns 1,490,621 shares of the company’s stock, valued at $231,105,879.84. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other news, CEO C Douglas Mcmillon sold 9,708 shares of the firm’s stock in a transaction that occurred on Thursday, June 22nd. The stock was sold at an average price of $155.04, for a total value of $1,505,128.32. Following the completion of the sale, the chief executive officer now directly owns 1,490,621 shares of the company’s stock, valued at approximately $231,105,879.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP John D. Rainey sold 1,000 shares of the stock in a transaction on Friday, September 1st. The stock was sold at an average price of $161.37, for a total value of $161,370.00. Following the completion of the transaction, the executive vice president now owns 169,735 shares of the company’s stock, valued at approximately $27,390,136.95. The disclosure for this sale can be found here. In the last quarter, insiders sold 6,493,773 shares of company stock worth $1,005,802,298. 46.51% of the stock is owned by insiders.

Walmart Stock Performance

Shares of WMT traded down $0.07 during mid-day trading on Tuesday, hitting $163.35. 383,330 shares of the company’s stock were exchanged, compared to its average volume of 5,931,218. The company has a current ratio of 0.83, a quick ratio of 0.26 and a debt-to-equity ratio of 0.50. Walmart Inc. has a fifty-two week low of $128.07 and a fifty-two week high of $165.85. The business’s 50 day moving average is $159.34 and its two-hundred day moving average is $152.70. The firm has a market capitalization of $439.67 billion, a P/E ratio of 31.43, a P/E/G ratio of 3.89 and a beta of 0.49.

Walmart (NYSE:WMT) last announced its earnings results on Thursday, August 17th. The retailer reported $1.84 earnings per share for the quarter, beating the consensus estimate of $1.69 by $0.15. Walmart had a return on equity of 21.47% and a net margin of 2.23%. The company had revenue of $161.63 billion for the quarter, compared to the consensus estimate of $160.22 billion. During the same period last year, the business posted $1.77 EPS. The company’s revenue was up 5.7% on a year-over-year basis. On average, equities analysts expect that Walmart Inc. will post 6.44 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on WMT. StockNews.com initiated coverage on shares of Walmart in a report on Thursday, August 17th. They issued a “strong-buy” rating on the stock. Piper Sandler upgraded shares of Walmart from a “neutral” rating to an “overweight” rating and upped their price objective for the stock from $145.00 to $210.00 in a report on Monday, July 24th. Barclays increased their price objective on shares of Walmart from $162.00 to $167.00 and gave the stock an “overweight” rating in a research report on Friday, August 18th. Morgan Stanley boosted their target price on Walmart from $160.00 to $170.00 and gave the company an “overweight” rating in a research report on Friday, August 18th. Finally, Oppenheimer raised their price target on Walmart from $165.00 to $175.00 and gave the stock an “outperform” rating in a research report on Tuesday, August 8th. Four research analysts have rated the stock with a hold rating, twenty-nine have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $176.51.

Walmart Company Profile

Walmart Inc engages in the operation of retail, wholesale, and other units 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, walmart.com.mx, walmart.ca, flipkart.com, and samsclub.com; and mobile commerce applications.