Walmart Inc. (NYSE:WMT) Shares Sold by STAR Financial Bank

STAR Financial Bank cut its position in shares of Walmart Inc. (NYSE:WMT) by 14.8% during the 2nd quarter, Holdings Channel reports. The firm owned 7,804 shares of the retailer’s stock after selling 1,355 shares during the period. STAR Financial Bank’s holdings in Walmart were worth $528,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. AHL Investment Management Inc. lifted its holdings in Walmart by 192.1% in the 1st quarter. AHL Investment Management Inc. now owns 24,000 shares of the retailer’s stock valued at $1,444,000 after acquiring an additional 15,785 shares during the last quarter. Core Wealth Advisors Inc. raised its holdings in shares of Walmart by 38.9% in the 4th quarter. Core Wealth Advisors Inc. now owns 1,501 shares of the retailer’s stock worth $237,000 after purchasing an additional 420 shares in the last quarter. Liberty Wealth Management LLC acquired a new stake in Walmart during the first quarter valued at approximately $270,000. Commerce Bank boosted its holdings in Walmart by 189.4% during the first quarter. Commerce Bank now owns 917,625 shares of the retailer’s stock worth $55,213,000 after buying an additional 600,521 shares in the last quarter. Finally, Envestnet Portfolio Solutions Inc. boosted its holdings in Walmart by 290.7% during the first quarter. Envestnet Portfolio Solutions Inc. now owns 270,065 shares of the retailer’s stock worth $16,250,000 after buying an additional 200,947 shares in the last quarter. Institutional investors own 26.76% of the company’s stock.

Insider Buying and Selling at Walmart

In other news, major shareholder S Robson Walton sold 4,057,369 shares of the company’s stock in a transaction that occurred on Monday, September 9th. The stock was sold at an average price of $77.20, for a total transaction of $313,228,886.80. Following the completion of the transaction, the insider now directly owns 611,988,318 shares in the company, valued at $47,245,498,149.60. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In related news, major shareholder Alice L. Walton sold 2,375,563 shares of Walmart stock in a transaction dated Thursday, September 5th. The stock was sold at an average price of $76.96, for a total transaction of $182,823,328.48. Following the sale, the insider now directly owns 619,646,544 shares of the company’s stock, valued at $47,687,998,026.24. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, major shareholder S Robson Walton sold 4,057,369 shares of the business’s stock in a transaction dated Monday, September 9th. The shares were sold at an average price of $77.20, for a total value of $313,228,886.80. Following the transaction, the insider now owns 611,988,318 shares in the company, valued at $47,245,498,149.60. The disclosure for this sale can be found here. Insiders have sold 10,513,707 shares of company stock valued at $797,374,003 in the last 90 days. 45.58% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the company. UBS Group increased their price objective on Walmart from $74.00 to $81.00 and gave the company a “buy” rating in a research report on Friday, August 16th. Tigress Financial increased their price target on Walmart from $75.00 to $86.00 and gave the company a “buy” rating in a research report on Tuesday, July 23rd. Bank of America lifted their target price on shares of Walmart from $75.00 to $85.00 and gave the stock a “buy” rating in a research report on Friday, August 16th. Evercore ISI upped their price target on shares of Walmart from $78.00 to $80.00 and gave the company an “outperform” rating in a research report on Thursday, August 22nd. Finally, Citigroup lifted their price objective on shares of Walmart from $63.33 to $75.00 and gave the stock a “buy” 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 stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $78.99.

Walmart Price Performance

Shares of Walmart stock opened at $78.80 on Wednesday. Walmart Inc. has a 1-year low of $49.85 and a 1-year high of $78.90. The firm has a fifty day simple moving average of $71.86 and a 200-day simple moving average of $65.76. The company has a current ratio of 0.80, a quick ratio of 0.22 and a debt-to-equity ratio of 0.46. The stock 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.

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