Walmart Inc. (NYSE:WMT) Position Lessened by Martingale Asset Management L P

Martingale Asset Management L P cut its stake in Walmart Inc. (NYSE:WMT) by 19.0% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 566,395 shares of the retailer’s stock after selling 132,587 shares during the quarter. Walmart comprises about 1.0% of Martingale Asset Management L P’s portfolio, making the stock its 10th biggest position. Martingale Asset Management L P’s holdings in Walmart were worth $45,736,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in WMT. Peterson Financial Group Inc. purchased a new position in Walmart during the 3rd quarter worth $26,000. TruNorth Capital Management LLC grew its stake in Walmart by 138.3% during the 2nd quarter. TruNorth Capital Management LLC now owns 429 shares of the retailer’s stock worth $29,000 after buying an additional 249 shares during the last quarter. Cultivar Capital Inc. purchased a new position in Walmart during the 2nd quarter worth $29,000. Voisard Asset Management Group Inc. grew its stake in Walmart by 77.3% during the 3rd quarter. Voisard Asset Management Group Inc. now owns 399 shares of the retailer’s stock worth $32,000 after buying an additional 174 shares during the last quarter. Finally, Hoese & Co LLP purchased a new position in Walmart during the 3rd quarter worth $33,000. 26.76% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, EVP Daniel J. Bartlett sold 2,063 shares of the stock in a transaction on Monday, September 16th. The stock was sold at an average price of $80.76, for a total value of $166,607.88. Following the sale, the executive vice president now directly owns 459,558 shares in the company, valued at approximately $37,113,904.08. This trade represents a 0.45 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder Alice L. Walton sold 2,709,163 shares of the firm’s stock in a transaction 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 sale, the insider now owns 630,501,148 shares in the company, valued at approximately $48,781,873,820.76. This represents a 0.43 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 12,337,337 shares of company stock worth $958,823,647. Corporate insiders own 45.58% of the company’s stock.

Walmart Stock Up 0.6 %

NYSE:WMT opened at $91.88 on Friday. The company has a quick ratio of 0.23, a current ratio of 0.85 and a debt-to-equity ratio of 0.56. The stock’s fifty day moving average is $83.08 and its two-hundred day moving average is $74.60. Walmart Inc. has a 52 week low of $49.85 and a 52 week high of $92.25. The stock has a market capitalization of $738.55 billion, a price-to-earnings ratio of 37.71, a price-to-earnings-growth ratio of 4.36 and a beta of 0.51.

Walmart (NYSE:WMT) last released its quarterly earnings results on Tuesday, November 19th. The retailer reported $0.58 EPS for the quarter, topping 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 company had revenue of $169.59 billion for the quarter, compared to analysts’ expectations of $167.69 billion. During the same period in the prior year, the firm earned $0.51 earnings per share. The firm’s revenue was up 5.5% compared to the same quarter last year. Research analysts anticipate that Walmart Inc. will post 2.47 EPS for the current year.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on WMT. Robert W. Baird boosted their target price on Walmart from $90.00 to $100.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 20th. Truist Financial boosted their price target on Walmart from $89.00 to $98.00 and gave the company a “buy” rating in a research note on Wednesday, November 20th. Roth Mkm boosted their price target on Walmart from $81.00 to $97.00 and gave the company a “buy” rating in a research note on Wednesday, November 20th. Oppenheimer boosted their price objective on Walmart from $81.00 to $90.00 and gave the company an “outperform” rating in a report on Monday, October 14th. Finally, Morgan Stanley boosted their price objective on Walmart from $89.00 to $100.00 and gave the company an “overweight” rating in a report on Wednesday, November 20th. Two investment analysts have rated the stock with a hold rating, twenty-nine have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $91.88.

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.