Carl P. Sherr & Co. LLC lessened its holdings in shares of Walmart Inc. (NYSE:WMT – Free Report) by 8.1% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,360 shares of the retailer’s stock after selling 298 shares during the quarter. Carl P. Sherr & Co. LLC’s holdings in Walmart were worth $271,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Jennison Associates LLC grew its stake in Walmart by 479.6% in the third quarter. Jennison Associates LLC now owns 18,479,259 shares of the retailer’s stock worth $1,492,200,000 after purchasing an additional 15,290,936 shares during the period. FMR LLC grew its stake in Walmart by 12.9% in the third quarter. FMR LLC now owns 63,135,639 shares of the retailer’s stock worth $5,098,203,000 after purchasing an additional 7,200,004 shares during the period. International Assets Investment Management LLC grew its stake in Walmart by 8,814.4% in the third quarter. International Assets Investment Management LLC now owns 6,963,218 shares of the retailer’s stock worth $562,280,000 after purchasing an additional 6,885,106 shares during the period. Raymond James & Associates grew its stake in Walmart by 16.0% in the second quarter. Raymond James & Associates now owns 16,282,129 shares of the retailer’s stock worth $1,102,463,000 after purchasing an additional 2,246,656 shares during the period. Finally, Fisher Asset Management LLC grew its stake in Walmart by 4.6% in the third quarter. Fisher Asset Management LLC now owns 47,659,844 shares of the retailer’s stock worth $3,848,533,000 after purchasing an additional 2,107,197 shares during the period. Institutional investors own 26.76% of the company’s stock.
Walmart Stock Up 0.6 %
Shares of WMT opened at $91.88 on Friday. The business’s 50 day moving average is $83.08 and its 200 day moving average is $74.60. The company has a market capitalization of $738.55 billion, a PE ratio of 37.71, a price-to-earnings-growth ratio of 4.36 and a beta of 0.51. Walmart Inc. has a 12-month low of $49.85 and a 12-month high of $92.25. The company has a current ratio of 0.85, a quick ratio of 0.23 and a debt-to-equity ratio of 0.56.
Insiders Place Their Bets
In other Walmart news, EVP John D. Rainey sold 3,000 shares of Walmart stock in a transaction that occurred on Friday, November 1st. The stock was sold at an average price of $82.12, for a total value of $246,360.00. Following the sale, the executive vice president now owns 378,165 shares of the company’s stock, valued at $31,054,909.80. The trade was a 0.79 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, major shareholder S Robson Walton sold 4,057,369 shares of Walmart stock in a transaction that occurred on 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 sale, the insider now directly owns 611,988,318 shares in the company, valued at approximately $47,245,498,149.60. The trade was a 0.66 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 12,337,337 shares of company stock valued at $958,823,647 in the last quarter. 45.58% of the stock is currently owned by insiders.
Analyst Upgrades and Downgrades
Several equities research analysts recently weighed in on WMT shares. Piper Sandler upped their price target on Walmart from $83.00 to $93.00 and gave the stock an “overweight” rating in a research note on Monday, November 18th. Jefferies Financial Group increased their target price on Walmart from $90.00 to $100.00 and gave the stock a “buy” rating in a research note on Friday, November 15th. Oppenheimer increased their target price on Walmart from $81.00 to $90.00 and gave the stock an “outperform” rating in a research note on Monday, October 14th. Truist Financial increased their target price on Walmart from $89.00 to $98.00 and gave the stock a “buy” rating in a research note on Wednesday, November 20th. Finally, Roth Mkm increased their target price on Walmart from $81.00 to $97.00 and gave the stock a “buy” rating in a research note on Wednesday, November 20th. Two analysts have rated the stock with a hold rating, twenty-nine have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $91.88.
Read Our Latest Report on Walmart
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.
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