Asset Management Group Inc. Has $1.05 Million Stake in Walmart Inc. (NYSE:WMT)

Asset Management Group Inc. cut its stake in Walmart Inc. (NYSE:WMT) by 7.8% in the third quarter, HoldingsChannel reports. The fund owned 12,993 shares of the retailer’s stock after selling 1,095 shares during the period. Asset Management Group Inc.’s holdings in Walmart were worth $1,049,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of WMT. CAP Partners LLC boosted its holdings in Walmart by 2.1% in the third quarter. CAP Partners LLC now owns 6,054 shares of the retailer’s stock valued at $489,000 after acquiring an additional 125 shares during the last quarter. Investment Advisory Group LLC boosted its stake in shares of Walmart by 2.1% in the 3rd quarter. Investment Advisory Group LLC now owns 6,182 shares of the retailer’s stock valued at $499,000 after purchasing an additional 126 shares during the last quarter. Jag Capital Management LLC grew its position in shares of Walmart by 1.4% during the 3rd quarter. Jag Capital Management LLC now owns 9,413 shares of the retailer’s stock worth $760,000 after buying an additional 132 shares during the period. Professional Financial Advisors LLC raised its stake in shares of Walmart by 0.6% during the third quarter. Professional Financial Advisors LLC now owns 21,839 shares of the retailer’s stock worth $1,763,000 after buying an additional 137 shares during the last quarter. Finally, Inspire Advisors LLC lifted its holdings in Walmart by 2.1% in the third quarter. Inspire Advisors LLC now owns 6,677 shares of the retailer’s stock valued at $539,000 after buying an additional 137 shares during the period. 26.76% of the stock is currently owned by institutional investors and hedge funds.

Walmart Stock Performance

Shares of Walmart stock opened at $88.32 on Friday. The company has a current ratio of 0.85, a quick ratio of 0.22 and a debt-to-equity ratio of 0.56. The company has a market cap of $709.94 billion, a PE ratio of 36.25, a price-to-earnings-growth ratio of 4.33 and a beta of 0.51. The company has a 50 day moving average of $81.92 and a 200-day moving average of $73.54. Walmart Inc. has a 1-year low of $49.85 and a 1-year high of $88.64.

Walmart (NYSE:WMT) last issued its earnings results on Tuesday, November 19th. The retailer reported $0.58 earnings per share for the quarter, beating analysts’ consensus estimates of $0.53 by $0.05. Walmart had a return on equity of 21.78% and a net margin of 2.92%. The firm had revenue of $169.59 billion for the quarter, compared to the consensus estimate of $167.69 billion. During the same quarter last year, the business posted $0.51 EPS. The company’s revenue was up 5.5% compared to the same quarter last year. As a group, equities research analysts forecast that Walmart Inc. will post 2.47 earnings per share for the current fiscal year.

Insider Buying and Selling at Walmart

In other Walmart news, EVP John D. Rainey sold 3,000 shares of the company’s stock in a transaction dated Friday, November 1st. The stock was sold at an average price of $82.12, for a total value of $246,360.00. Following the completion of the transaction, the executive vice president now owns 378,165 shares of the company’s stock, valued at $31,054,909.80. This represents a 0.79 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP John R. Furner sold 13,125 shares of the business’s stock in a transaction dated Thursday, October 24th. The stock was sold at an average price of $82.96, for a total value of $1,088,850.00. Following the sale, the executive vice president now owns 593,040 shares in the company, valued at approximately $49,198,598.40. This trade represents a 2.17 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 12,337,337 shares of company stock worth $958,823,647 over the last 90 days. Insiders own 45.58% of the company’s stock.

Analysts Set New Price Targets

WMT has been the topic of several analyst reports. Truist Financial increased their target price on shares of Walmart from $89.00 to $98.00 and gave the stock a “buy” rating in a report on Wednesday. Bank of America lifted their target price on Walmart from $95.00 to $105.00 and gave the stock a “buy” rating in a report on Wednesday. Oppenheimer increased their price target on Walmart from $81.00 to $90.00 and gave the stock an “outperform” rating in a report on Monday, October 14th. KeyCorp lifted their price objective on Walmart from $88.00 to $96.00 and gave the company an “overweight” rating in a report on Wednesday. Finally, Piper Sandler lifted their price target on shares of Walmart from $83.00 to $93.00 and gave the company an “overweight” rating in a research note on Monday. Two analysts have rated the stock with a hold rating, twenty-nine have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Walmart presently has a consensus rating of “Moderate Buy” and an average target price of $91.49.

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.