Oxinas Partners Wealth Management LLC Sells 480 Shares of Walmart Inc. (NYSE:WMT)

Oxinas Partners Wealth Management LLC lessened its holdings in shares of Walmart Inc. (NYSE:WMT) by 5.1% in the third quarter, Holdings Channel.com reports. The fund owned 8,935 shares of the retailer’s stock after selling 480 shares during the period. Oxinas Partners Wealth Management LLC’s holdings in Walmart were worth $722,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in WMT. Scarborough Advisors LLC bought a new position in shares of Walmart during the fourth quarter valued at $155,000. Park National Corp OH increased its holdings in shares of Walmart by 222.4% during the first quarter. Park National Corp OH now owns 28,062 shares of the retailer’s stock valued at $1,688,000 after acquiring an additional 19,359 shares in the last quarter. Heartwood Wealth Advisors LLC increased its holdings in shares of Walmart by 167.5% during the first quarter. Heartwood Wealth Advisors LLC now owns 4,104 shares of the retailer’s stock valued at $247,000 after acquiring an additional 2,570 shares in the last quarter. Avondale Wealth Management increased its holdings in shares of Walmart by 205.7% during the first quarter. Avondale Wealth Management now owns 10,700 shares of the retailer’s stock valued at $644,000 after acquiring an additional 7,200 shares in the last quarter. Finally, Arden Trust Co increased its holdings in shares of Walmart by 200.0% during the first quarter. Arden Trust Co now owns 6,840 shares of the retailer’s stock valued at $412,000 after acquiring an additional 4,560 shares in the last quarter. Institutional investors own 26.76% of the company’s stock.

Insider Transactions at Walmart

In other news, EVP John D. Rainey sold 3,000 shares of Walmart stock in a transaction that occurred on Thursday, August 1st. The stock was sold at an average price of $69.19, for a total value of $207,570.00. Following the completion of the transaction, the executive vice president now owns 387,165 shares in the company, valued at approximately $26,787,946.35. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, EVP John R. Furner sold 13,125 shares of Walmart stock in a transaction that occurred on Thursday, September 26th. The stock was sold at an average price of $81.04, for a total value of $1,063,650.00. Following the completion of the transaction, the executive vice president now owns 606,165 shares in the company, valued at approximately $49,123,611.60. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP John D. Rainey sold 3,000 shares of Walmart stock in a transaction that occurred on Thursday, August 1st. The stock was sold at an average price of $69.19, for a total value of $207,570.00. Following the completion of the transaction, the executive vice president now owns 387,165 shares of the company’s stock, valued at approximately $26,787,946.35. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 12,335,272 shares of company stock worth $958,101,276. 45.58% of the stock is currently owned by company insiders.

Walmart Price Performance

NYSE:WMT traded up $1.42 during trading hours on Tuesday, reaching $81.71. The stock had a trading volume of 13,273,996 shares, compared to its average volume of 17,227,215. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.22 and a current ratio of 0.80. Walmart Inc. has a 52 week low of $49.85 and a 52 week high of $81.82. The company has a 50 day moving average price of $76.80 and a two-hundred day moving average price of $69.07. The stock has a market capitalization of $657.24 billion, a PE ratio of 34.92, a PEG ratio of 3.99 and a beta of 0.51.

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

Wall Street Analyst Weigh In

WMT has been the topic of several recent analyst reports. Evercore ISI increased their price objective on Walmart from $78.00 to $80.00 and gave the company an “outperform” rating in a research report on Thursday, August 22nd. Citigroup increased their price objective on Walmart from $75.00 to $98.00 and gave the company a “buy” rating in a research report on Friday, September 27th. Bank of America increased their price objective on Walmart from $75.00 to $85.00 and gave the company a “buy” rating in a research report on Friday, August 16th. Piper Sandler reaffirmed an “overweight” rating and set a $83.00 price objective (up from $81.00) on shares of Walmart in a research report on Friday, August 16th. Finally, StockNews.com raised Walmart from a “buy” rating to a “strong-buy” rating in a research report on Friday, August 16th. One research analyst has rated the stock with a hold rating, twenty-eight have given a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Buy” and an average price target of $82.96.

Walmart Company 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.