Anson Capital Inc. Sells 488 Shares of Walmart Inc. (NYSE:WMT)

Anson Capital Inc. cut its position in shares of Walmart Inc. (NYSE:WMT) by 9.6% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 4,572 shares of the retailer’s stock after selling 488 shares during the period. Anson Capital Inc.’s holdings in Walmart were worth $310,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its position in Walmart by 199.4% during the 1st quarter. Vanguard Group Inc. now owns 411,745,334 shares of the retailer’s stock valued at $24,774,717,000 after purchasing an additional 274,229,968 shares in the last quarter. Price T Rowe Associates Inc. MD raised 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 valued at $3,421,342,000 after purchasing an additional 36,625,314 shares in the last quarter. Bank of New York Mellon Corp raised its position in Walmart by 183.0% during 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 purchasing an additional 18,865,484 shares in the last quarter. Norges Bank bought a new stake in Walmart during the 4th quarter valued at $3,674,652,000. Finally, Raymond James & Associates raised its position in Walmart by 16.0% during the 2nd quarter. Raymond James & Associates now owns 16,282,129 shares of the retailer’s stock valued at $1,102,463,000 after purchasing an additional 2,246,656 shares in the last quarter. 26.76% of the stock is owned by institutional investors.

Insider Buying and Selling

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 transaction, the insider now owns 611,988,318 shares of the company’s stock, valued at approximately $47,245,498,149.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, SVP David Chojnowski sold 8,791 shares of the company’s stock in a transaction dated Wednesday, June 26th. The stock was sold at an average price of $68.00, for a total value of $597,788.00. Following the completion of the transaction, the senior vice president now owns 94,415 shares of the company’s stock, valued at approximately $6,420,220. 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 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 transaction, the insider now directly owns 611,988,318 shares of the company’s stock, valued at approximately $47,245,498,149.60. The disclosure for this sale can be found here. In the last 90 days, insiders sold 10,513,707 shares of company stock valued at $797,374,003. 45.58% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

WMT has been the subject of a number of research analyst reports. Piper Sandler reaffirmed an “overweight” rating and set a $83.00 target price (up from $81.00) on shares of Walmart in a research report on Friday, August 16th. Oppenheimer lifted their target price on Walmart from $69.00 to $75.00 and gave the company an “outperform” rating in a research report on Thursday, June 6th. Jefferies Financial Group boosted their price target on Walmart from $85.00 to $90.00 and gave the stock a “buy” rating in a research report on Wednesday, September 4th. Robert W. Baird boosted their price target on Walmart from $65.00 to $70.00 and gave the stock an “outperform” rating in a research report on Friday, May 17th. Finally, Raymond James boosted their price target on Walmart from $63.00 to $70.00 and gave the stock an “outperform” rating in a research report on Friday, May 17th. Two investment analysts have rated the stock with a hold rating, twenty-six have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, Walmart has an average rating of “Moderate Buy” and a consensus target price of $78.99.

Walmart Stock Up 1.9 %

Shares of WMT opened at $78.80 on Wednesday. Walmart Inc. has a 52 week low of $49.85 and a 52 week high of $78.90. The company has a quick ratio of 0.22, a current ratio of 0.80 and a debt-to-equity ratio of 0.46. The company has a market capitalization of $633.41 billion, a price-to-earnings ratio of 33.72, a PEG ratio of 3.84 and a beta of 0.51. The stock’s 50-day moving average price is $71.86 and its 200-day moving average price is $65.76.

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

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.