Carl P. Sherr & Co. LLC Sells 298 Shares of Walmart Inc. (NYSE:WMT)

Carl P. Sherr & Co. LLC lessened its holdings in shares of Walmart Inc. (NYSE:WMTFree 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.

Walmart (NYSE:WMTGet Free Report) last issued its earnings results on Tuesday, November 19th. The retailer reported $0.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.53 by $0.05. The company 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 21.78% and a net margin of 2.92%. The firm’s quarterly revenue was up 5.5% on a year-over-year basis. During the same quarter last year, the company earned $0.51 EPS. Research analysts expect that Walmart Inc. will post 2.47 earnings per share for the current fiscal year.

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

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Walmart (NYSE:WMT)

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