Stonebrook Private Inc. Has $5.88 Million Stake in Walmart Inc. (NYSE:WMT)

Stonebrook Private Inc. lowered its stake in Walmart Inc. (NYSE:WMT) by 0.8% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 72,769 shares of the retailer’s stock after selling 576 shares during the period. Walmart accounts for 1.6% of Stonebrook Private Inc.’s portfolio, making the stock its 17th largest position. Stonebrook Private Inc.’s holdings in Walmart were worth $5,876,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently bought and sold shares of the company. Charles Schwab Investment Management Inc. boosted its holdings in Walmart by 1.1% in the third quarter. Charles Schwab Investment Management Inc. now owns 31,236,769 shares of the retailer’s stock valued at $2,522,369,000 after acquiring an additional 350,881 shares during the last quarter. Oxbow Advisors LLC boosted its stake in Walmart by 45.0% in the third quarter. Oxbow Advisors LLC now owns 28,453 shares of the retailer’s stock valued at $2,298,000 after acquiring an additional 8,834 shares during the last quarter. Crossmark Global Holdings Inc. raised its position in shares of Walmart by 21.9% during the 3rd quarter. Crossmark Global Holdings Inc. now owns 587,001 shares of the retailer’s stock valued at $47,400,000 after acquiring an additional 105,430 shares during the last quarter. Whalerock Point Partners LLC boosted its position in shares of Walmart by 213.5% in the 1st quarter. Whalerock Point Partners LLC now owns 29,613 shares of the retailer’s stock worth $1,782,000 after purchasing an additional 20,167 shares during the last quarter. Finally, WFA Asset Management Corp increased its holdings in Walmart by 201.0% in the first quarter. WFA Asset Management Corp now owns 2,092 shares of the retailer’s stock valued at $126,000 after purchasing an additional 1,397 shares during the last quarter. Institutional investors own 26.76% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the stock. Truist Financial boosted their price objective on shares of Walmart from $89.00 to $98.00 and gave the company a “buy” rating in a report on Wednesday. Royal Bank of Canada raised their price objective on Walmart from $88.00 to $92.00 and gave the stock an “overweight” rating in a research note on Monday, November 18th. TD Cowen increased their price target on Walmart from $90.00 to $100.00 and gave the stock a “buy” rating in a report on Wednesday. Barclays lifted their price objective on Walmart from $78.00 to $90.00 and gave the company an “overweight” rating in a report on Friday. Finally, Citigroup increased their target price on Walmart from $75.00 to $98.00 and gave the stock a “buy” rating in a research note on Friday, September 27th. Two analysts have rated the stock with a hold rating, twenty-nine have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $91.88.

Insider Buying and Selling

In other news, major shareholder Alice L. Walton sold 2,709,163 shares of the business’s 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 transaction, the insider now owns 630,501,148 shares in the company, valued at approximately $48,781,873,820.76. The trade was a 0.43 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP John D. Rainey sold 3,000 shares of the stock in a transaction on Friday, November 1st. The stock was sold at an average price of $82.12, for a total transaction of $246,360.00. Following the sale, the executive vice president now owns 378,165 shares of the company’s stock, valued at approximately $31,054,909.80. This trade represents a 0.79 % 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 valued at $958,823,647 over the last ninety days. 45.58% of the stock is owned by company insiders.

Walmart Trading Up 2.3 %

Shares of WMT stock opened at $90.44 on Friday. The company has a quick ratio of 0.22, a current ratio of 0.85 and a debt-to-equity ratio of 0.56. The firm has a market capitalization of $726.94 billion, a P/E ratio of 37.11, a P/E/G ratio of 4.20 and a beta of 0.51. Walmart Inc. has a twelve month low of $49.85 and a twelve month high of $90.91. The stock’s fifty day simple moving average is $82.12 and its 200 day simple moving average is $73.75.

Walmart (NYSE:WMT) last posted 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 net margin of 2.92% and a return on equity of 21.78%. The business had revenue of $169.59 billion for the quarter, compared to the consensus estimate of $167.69 billion. During the same period last year, the company earned $0.51 EPS. The firm’s revenue was up 5.5% compared to the same quarter last year. As a group, sell-side analysts predict that Walmart Inc. will post 2.47 EPS for the current fiscal 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.