Walmart Inc. (NYSE:WMT) Shares Sold by STAR Financial Bank

STAR Financial Bank reduced its stake in shares of Walmart Inc. (NYSE:WMT) by 20.2% during the 3rd quarter, Holdings Channel.com reports. The firm owned 6,224 shares of the retailer’s stock after selling 1,580 shares during the period. STAR Financial Bank’s holdings in Walmart were worth $503,000 at the end of the most recent reporting period.

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

Analyst Upgrades and Downgrades

WMT has been the topic of a number of research reports. Deutsche Bank Aktiengesellschaft boosted their price objective on Walmart from $77.00 to $83.00 and gave the stock a “buy” rating in a research note on Friday, August 16th. Barclays lifted their price objective on shares of Walmart from $66.00 to $78.00 and gave the stock an “overweight” rating in a research report on Friday, August 16th. Truist Financial upped their target price on Walmart from $89.00 to $98.00 and gave the company a “buy” rating in a report on Wednesday. Jefferies Financial Group increased their price objective on Walmart from $90.00 to $100.00 and gave the stock a “buy” rating in a report on Friday, November 15th. Finally, Royal Bank of Canada boosted their target price on Walmart from $88.00 to $92.00 and gave the company an “overweight” rating in a research note on Monday. One equities research analyst has rated the stock with a hold rating, twenty-nine have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Buy” and an average target price of $91.51.

Insider Transactions at Walmart

In other Walmart news, major shareholder Alice L. Walton sold 2,375,563 shares of the company’s stock in a transaction dated Thursday, September 5th. The shares were sold at an average price of $76.96, for a total transaction of $182,823,328.48. Following the sale, the insider now directly owns 619,646,544 shares of the company’s stock, valued at approximately $47,687,998,026.24. This represents a 0.38 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, major shareholder S Robson Walton sold 4,057,369 shares of Walmart stock in a transaction on Monday, September 9th. The shares were sold at an average price of $77.20, for a total value of $313,228,886.80. Following the completion of the transaction, the insider now owns 611,988,318 shares of the company’s stock, 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. In the last ninety days, insiders sold 12,337,337 shares of company stock valued at $958,823,647. Corporate insiders own 45.58% of the company’s stock.

Walmart Price Performance

NYSE:WMT opened at $87.18 on Thursday. The company has a fifty day moving average price of $81.75 and a 200 day moving average price of $73.43. The stock has a market cap of $700.77 billion, a P/E ratio of 35.78, a PEG ratio of 4.33 and a beta of 0.51. The company has a debt-to-equity ratio of 0.56, a current ratio of 0.85 and a quick ratio of 0.22. Walmart Inc. has a one year low of $49.85 and a one year high of $88.29.

Walmart (NYSE:WMT) last issued its earnings results on Tuesday, November 19th. The retailer reported $0.58 EPS for the quarter, topping the consensus estimate 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 during the quarter, compared to analysts’ expectations of $167.69 billion. During the same period last year, the business earned $0.51 earnings per share. Walmart’s quarterly revenue was up 5.5% compared to the same quarter last year. Analysts anticipate that Walmart Inc. will post 2.43 earnings per share for the current year.

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.