Silverleafe Capital Partners LLC Sells 873 Shares of Walmart Inc. (NYSE:WMT)

Silverleafe Capital Partners LLC reduced its position in shares of Walmart Inc. (NYSE:WMT) by 1.8% in the second quarter, HoldingsChannel reports. The firm owned 47,896 shares of the retailer’s stock after selling 873 shares during the quarter. Walmart makes up 1.1% of Silverleafe Capital Partners LLC’s investment portfolio, making the stock its 23rd largest position. Silverleafe Capital Partners LLC’s holdings in Walmart were worth $3,243,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. EntryPoint Capital LLC bought a new stake in Walmart during the 1st quarter valued at approximately $25,000. Northwest Capital Management Inc increased its holdings in Walmart by 199.3% in the 1st quarter. Northwest Capital Management Inc now owns 440 shares of the retailer’s stock valued at $26,000 after acquiring an additional 293 shares during the last quarter. TruNorth Capital Management LLC lifted its stake in Walmart by 138.3% in the 2nd quarter. TruNorth Capital Management LLC now owns 429 shares of the retailer’s stock worth $29,000 after purchasing an additional 249 shares in the last quarter. Cultivar Capital Inc. bought a new position in shares of Walmart during the 2nd quarter valued at about $29,000. Finally, Partnership Wealth Management LLC purchased a new position in shares of Walmart during the fourth quarter valued at about $30,000. 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 the business’s 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 sale, the executive vice president now directly owns 387,165 shares in the company, valued at $26,787,946.35. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related news, major shareholder Alice L. Walton sold 1,250,000 shares of the business’s stock in a transaction dated Friday, June 7th. The shares were sold at an average price of $66.11, for a total value of $82,637,500.00. Following the sale, the insider now directly owns 640,532,611 shares in the company, valued at approximately $42,345,610,913.21. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP John D. Rainey sold 3,000 shares of the company’s stock in a transaction 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 transaction, the executive vice president now owns 387,165 shares in the company, valued at $26,787,946.35. The disclosure for this sale can be found here. Insiders have sold a total of 8,827,328 shares of company stock valued at $584,261,549 in the last ninety days. 45.58% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of brokerages have commented on WMT. Robert W. Baird lifted their price objective on shares of Walmart from $65.00 to $70.00 and gave the stock an “outperform” rating in a research note on Friday, May 17th. Wells Fargo & Company boosted their price objective on Walmart from $75.00 to $81.00 and gave the stock an “overweight” rating in a research note on Friday, August 16th. Piper Sandler restated an “overweight” rating and set a $83.00 price target (up previously from $81.00) on shares of Walmart in a report on Friday, August 16th. Stifel Nicolaus upped their price objective on Walmart from $71.00 to $73.00 and gave the company a “hold” rating in a research report on Tuesday, August 13th. Finally, Truist Financial boosted their price objective on shares of Walmart from $64.00 to $76.00 and gave the company a “hold” rating in a research report on Friday, August 16th. Two investment analysts have rated the stock with a hold rating, twenty-six have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Walmart has an average rating of “Moderate Buy” and an average price target of $78.64.

Walmart Stock Performance

Shares of Walmart stock traded up $0.12 during trading on Friday, hitting $75.70. 12,299,093 shares of the company’s stock were exchanged, compared to its average volume of 18,978,366. The stock has a market capitalization of $608.90 billion, a price-to-earnings ratio of 32.40, a PEG ratio of 3.79 and a beta of 0.50. The business has a 50-day simple moving average of $69.68 and a 200-day simple moving average of $63.98. Walmart Inc. has a 52-week low of $49.85 and a 52-week high of $76.22. 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 (NYSE:WMT) last announced 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. Walmart had a return on equity of 21.72% and a net margin of 2.34%. The company had revenue of $169.30 billion during the quarter, compared to the consensus estimate of $168.56 billion. During the same period in the previous year, the company posted $0.61 earnings per share. Walmart’s revenue for the quarter was up 4.7% on a year-over-year basis. On average, research analysts forecast that Walmart Inc. will post 2.44 EPS 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.