New Millennium Group LLC Sells 279 Shares of Walmart Inc. (NYSE:WMT)

New Millennium Group LLC decreased its holdings in Walmart Inc. (NYSE:WMT) by 9.2% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,756 shares of the retailer’s stock after selling 279 shares during the period. New Millennium Group LLC’s holdings in Walmart were worth $223,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in WMT. WFA Asset Management Corp raised its position in Walmart by 201.0% during the 1st quarter. WFA Asset Management Corp now owns 2,092 shares of the retailer’s stock valued at $126,000 after purchasing an additional 1,397 shares in the last quarter. Dupont Capital Management Corp raised its holdings in shares of Walmart by 165.4% in the first quarter. Dupont Capital Management Corp now owns 270,147 shares of the retailer’s stock valued at $16,255,000 after acquiring an additional 168,346 shares in the last quarter. Empowered Funds LLC lifted its stake in Walmart by 307.1% in the first quarter. Empowered Funds LLC now owns 160,292 shares of the retailer’s stock worth $9,645,000 after acquiring an additional 120,919 shares during the period. Osaic Holdings Inc. grew its holdings in Walmart by 136.3% during the 1st quarter. Osaic Holdings Inc. now owns 1,751,583 shares of the retailer’s stock worth $105,384,000 after acquiring an additional 1,010,327 shares in the last quarter. Finally, Ontario Teachers Pension Plan Board increased its position in Walmart by 24.4% during the 1st quarter. Ontario Teachers Pension Plan Board now owns 23,596 shares of the retailer’s stock valued at $1,420,000 after purchasing an additional 4,624 shares during the period. 26.76% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

WMT has been the subject of several research reports. Sanford C. Bernstein assumed coverage on shares of Walmart in a research report on Tuesday, October 22nd. They issued an “outperform” rating and a $95.00 price target for the company. Deutsche Bank Aktiengesellschaft increased their target price on Walmart from $77.00 to $83.00 and gave the company a “buy” rating in a research report on Friday, August 16th. Piper Sandler boosted their price target on Walmart from $83.00 to $93.00 and gave the stock an “overweight” rating in a research report on Monday. UBS Group upped their price objective on Walmart from $81.00 to $92.00 and gave the stock a “buy” rating in a research note on Friday, October 11th. Finally, Truist Financial upgraded shares of Walmart from a “hold” rating to a “buy” rating and boosted their target price for the stock from $76.00 to $89.00 in a report on Tuesday, September 24th. One analyst has rated the stock with a hold rating, twenty-eight have issued a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, Walmart has a consensus rating of “Buy” and a consensus target price of $86.71.

Walmart Trading Up 2.1 %

NYSE WMT opened at $85.82 on Tuesday. Walmart Inc. has a 1 year low of $49.85 and a 1 year high of $85.82. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.80 and a quick ratio of 0.22. The company has a market capitalization of $689.84 billion, a PE ratio of 43.80, a P/E/G ratio of 4.20 and a beta of 0.51. The company has a fifty day moving average of $81.43 and a 200 day moving average of $73.15.

Walmart (NYSE:WMT) last issued its earnings results on Tuesday, November 19th. The retailer reported $0.58 EPS for the quarter, topping analysts’ consensus estimates of $0.53 by $0.05. The firm had revenue of $169.59 billion for the quarter, compared to the consensus estimate of $167.69 billion. Walmart had a return on equity of 21.72% and a net margin of 2.34%. The company’s revenue was up 5.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.51 earnings per share. Research analysts forecast that Walmart Inc. will post 2.44 earnings per share for the current year.

Insiders Place Their Bets

In related news, major shareholder S Robson Walton sold 4,057,369 shares of the stock in a transaction on Monday, September 9th. The shares were sold at an average price of $77.20, for a total transaction of $313,228,886.80. Following the sale, the insider now directly owns 611,988,318 shares of the company’s stock, valued at approximately $47,245,498,149.60. This represents a 0.66 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, major shareholder Alice L. Walton sold 2,375,563 shares of the firm’s stock in a transaction on Thursday, September 5th. The shares were sold at an average price of $76.96, for a total transaction of $182,823,328.48. Following the sale, the insider now owns 619,646,544 shares in the company, valued at approximately $47,687,998,026.24. This represents a 0.38 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 12,337,337 shares of company stock worth $958,823,647. Corporate insiders own 45.58% of the company’s stock.

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.