Walmart Inc. (NYSE:WMT) Shares Sold by Blackston Financial Advisory Group LLC

Blackston Financial Advisory Group LLC cut its holdings in shares of Walmart Inc. (NYSE:WMT) by 3.8% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 15,579 shares of the retailer’s stock after selling 610 shares during the period. Walmart makes up about 0.7% of Blackston Financial Advisory Group LLC’s portfolio, making the stock its 25th largest holding. Blackston Financial Advisory Group LLC’s holdings in Walmart were worth $1,258,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the business. Vanguard Group Inc. grew its position in shares of Walmart by 199.4% in the first quarter. Vanguard Group Inc. now owns 411,745,334 shares of the retailer’s stock valued at $24,774,717,000 after purchasing an additional 274,229,968 shares during the period. Price T Rowe Associates Inc. MD boosted its holdings in Walmart by 181.0% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 56,861,234 shares of the retailer’s stock worth $3,421,342,000 after buying an additional 36,625,314 shares during the last quarter. Swiss National Bank increased its stake in Walmart by 187.4% during the 1st quarter. Swiss National Bank now owns 13,303,200 shares of the retailer’s stock worth $800,454,000 after buying an additional 8,674,100 shares in the last quarter. Canada Pension Plan Investment Board raised its holdings in shares of Walmart by 284.0% during the first quarter. Canada Pension Plan Investment Board now owns 11,122,273 shares of the retailer’s stock valued at $669,227,000 after acquiring an additional 8,225,552 shares during the last quarter. Finally, Sumitomo Mitsui Trust Holdings Inc. boosted its stake in shares of Walmart by 184.1% in the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 12,567,533 shares of the retailer’s stock worth $756,188,000 after acquiring an additional 8,144,393 shares during the last quarter. Institutional investors and hedge funds own 26.76% of the company’s stock.

Wall Street Analyst Weigh In

WMT has been the topic of a number of research reports. Sanford C. Bernstein assumed coverage on Walmart in a report on Tuesday. They issued an “outperform” rating and a $95.00 price objective on the stock. Melius Research began coverage on shares of Walmart in a research report on Monday, September 23rd. They set a “buy” rating and a $95.00 price target on the stock. Barclays upped their price objective on shares of Walmart from $66.00 to $78.00 and gave the company an “overweight” rating in a research note on Friday, August 16th. Telsey Advisory Group boosted their target price on Walmart from $82.00 to $92.00 and gave the stock an “outperform” rating in a report on Tuesday, October 8th. Finally, Piper Sandler restated an “overweight” rating and issued a $83.00 price target (up from $81.00) on shares of Walmart in a research report on Friday, August 16th. One research analyst has rated the stock with a hold rating, twenty-nine have given a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus price target of $83.51.

Walmart Stock Down 0.6 %

Shares of WMT opened at $82.51 on Friday. The company’s 50-day simple moving average is $78.91 and its 200-day simple moving average is $70.17. 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 Inc. has a 1 year low of $49.85 and a 1 year high of $83.34. The stock has a market capitalization of $663.67 billion, a PE ratio of 35.26, a P/E/G ratio of 4.11 and a beta of 0.51.

Walmart (NYSE:WMT) last issued its quarterly earnings results on Thursday, August 15th. The retailer reported $0.67 EPS for the quarter, beating the consensus estimate of $0.65 by $0.02. Walmart had a net margin of 2.34% and a return on equity of 21.72%. The company had revenue of $169.30 billion during the quarter, compared to analysts’ expectations of $168.56 billion. During the same quarter last year, the company posted $0.61 EPS. The firm’s revenue was up 4.7% compared to the same quarter last year. Analysts forecast that Walmart Inc. will post 2.44 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, major shareholder Alice L. Walton sold 2,709,163 shares of the business’s stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $77.37, for a total transaction of $209,607,941.31. Following the completion of the transaction, the insider now directly owns 630,501,148 shares of the company’s stock, valued at approximately $48,781,873,820.76. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In related news, major shareholder Alice L. Walton sold 2,709,163 shares of Walmart stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $77.37, for a total value of $209,607,941.31. Following the completion of the transaction, the insider now owns 630,501,148 shares in the company, valued at $48,781,873,820.76. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO C Douglas Mcmillon sold 29,124 shares of the business’s stock in a transaction that occurred on Thursday, September 26th. The stock was sold at an average price of $80.64, for a total transaction of $2,348,559.36. Following the transaction, the chief executive officer now owns 3,873,053 shares of the company’s stock, valued at $312,322,993.92. This trade represents a 0.00 % 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 worth $958,784,857 in the last quarter. 45.58% of the stock is owned by company insiders.

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.