Eagle Bay Advisors LLC Has $636,000 Stock Holdings in Walmart Inc. (NYSE:WMT)

Eagle Bay Advisors LLC decreased its position in shares of Walmart Inc. (NYSE:WMT) by 10.5% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 9,391 shares of the retailer’s stock after selling 1,096 shares during the period. Eagle Bay Advisors LLC’s holdings in Walmart were worth $636,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. increased its holdings in Walmart by 199.4% in the 1st quarter. Vanguard Group Inc. now owns 411,745,334 shares of the retailer’s stock valued at $24,774,717,000 after buying an additional 274,229,968 shares during the period. Price T Rowe Associates Inc. MD boosted its position in Walmart by 181.0% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 56,861,234 shares of the retailer’s stock worth $3,421,342,000 after buying an additional 36,625,314 shares during the period. Norges Bank bought a new stake in Walmart during the 4th quarter worth approximately $3,674,652,000. Bank of New York Mellon Corp increased its position in Walmart by 183.0% in the 1st quarter. Bank of New York Mellon Corp now owns 29,172,985 shares of the retailer’s stock valued at $1,755,339,000 after acquiring an additional 18,865,484 shares during the period. Finally, Swiss National Bank raised its stake in shares of Walmart by 187.4% during the first quarter. Swiss National Bank now owns 13,303,200 shares of the retailer’s stock valued at $800,454,000 after acquiring an additional 8,674,100 shares during the last quarter. Institutional investors and hedge funds own 26.76% of the company’s stock.

Insider Transactions at Walmart

In related news, major shareholder Alice L. Walton sold 1,250,000 shares of the company’s stock in a transaction that occurred on Friday, June 7th. The shares were sold at an average price of $66.11, for a total transaction of $82,637,500.00. Following the sale, the insider now owns 640,532,611 shares of the company’s stock, valued at approximately $42,345,610,913.21. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, major shareholder Alice L. Walton sold 1,250,000 shares of Walmart stock in a transaction on Friday, June 7th. The stock was sold at an average price of $66.11, for a total transaction of $82,637,500.00. Following the completion of the sale, the insider now owns 640,532,611 shares of the company’s stock, valued at $42,345,610,913.21. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director S Robson Walton sold 933,000 shares of the company’s stock in a transaction dated Thursday, May 30th. The stock was sold at an average price of $64.92, for a total value of $60,570,360.00. Following the completion of the transaction, the director now owns 642,016,611 shares in the company, valued at $41,679,718,386.12. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 7,265,089 shares of company stock valued at $482,716,014. 45.58% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on WMT. Royal Bank of Canada boosted their price objective on shares of Walmart from $74.00 to $80.00 and gave the stock an “outperform” rating in a research note on Friday, August 16th. KeyCorp upped their price target on Walmart from $75.00 to $82.00 and gave the company an “overweight” rating in a research report on Wednesday, July 17th. Telsey Advisory Group raised their price objective on Walmart from $75.00 to $82.00 and gave the stock an “outperform” rating in a research report on Friday, August 16th. Citigroup lifted their price objective on Walmart from $63.33 to $75.00 and gave the stock a “buy” rating in a research note on Friday, May 17th. Finally, Piper Sandler reissued an “overweight” rating and set a $83.00 target price (up previously from $81.00) on shares of Walmart in a research report on Friday, August 16th. Two analysts have rated the stock with a hold rating, twenty-six have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $78.64.

Walmart Stock Performance

NYSE WMT traded up $0.10 on Tuesday, hitting $76.13. 11,542,422 shares of the stock traded hands, compared to its average volume of 17,461,697. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.22 and a current ratio of 0.80. The business’s fifty day moving average is $69.85 and its two-hundred day moving average is $64.22. Walmart Inc. has a 12 month low of $49.85 and a 12 month high of $76.45. The firm has a market capitalization of $612.35 billion, a price-to-earnings ratio of 32.53, a PEG ratio of 3.79 and a beta of 0.50.

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

Walmart Profile

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.