Walmart Inc. (NYSE:WMT) Shares Sold by King Luther Capital Management Corp

King Luther Capital Management Corp trimmed its holdings in Walmart Inc. (NYSE:WMT) by 1.0% in the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 1,210,320 shares of the retailer’s stock after selling 11,797 shares during the period. King Luther Capital Management Corp’s holdings in Walmart were worth $81,951,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its holdings in shares of Walmart by 199.4% during the 1st quarter. Vanguard Group Inc. now owns 411,745,334 shares of the retailer’s stock worth $24,774,717,000 after purchasing an additional 274,229,968 shares during the period. Price T Rowe Associates Inc. MD lifted its position in Walmart by 181.0% in the first quarter. Price T Rowe Associates Inc. MD now owns 56,861,234 shares of the retailer’s stock valued at $3,421,342,000 after buying an additional 36,625,314 shares during the last quarter. Bank of New York Mellon Corp boosted its stake in Walmart by 183.0% during the first quarter. Bank of New York Mellon Corp now owns 29,172,985 shares of the retailer’s stock worth $1,755,339,000 after buying an additional 18,865,484 shares during the period. Swiss National Bank increased its position in shares of Walmart by 187.4% during the first quarter. Swiss National Bank now owns 13,303,200 shares of the retailer’s stock valued at $800,454,000 after acquiring an additional 8,674,100 shares during the last quarter. Finally, Canada Pension Plan Investment Board increased its position 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. Institutional investors and hedge funds own 26.76% of the company’s stock.

Walmart Stock Performance

Shares of WMT stock opened at $78.05 on Friday. The company has a market cap of $627.80 billion, a P/E ratio of 33.35, a PEG ratio of 4.03 and a beta of 0.51. The firm has a fifty day moving average price of $73.24 and a 200 day moving average price of $66.65. The company has a current ratio of 0.80, a quick ratio of 0.22 and a debt-to-equity ratio of 0.46. Walmart Inc. has a 12 month low of $49.85 and a 12 month high of $81.02.

Walmart (NYSE:WMT) last released its quarterly earnings data on Thursday, August 15th. The retailer reported $0.67 earnings per share for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations of $168.56 billion. During the same quarter last year, the company earned $0.61 earnings per share. The firm’s revenue for the quarter was up 4.7% on a year-over-year basis. Sell-side analysts predict that Walmart Inc. will post 2.44 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several brokerages have recently commented on WMT. UBS Group upped their price objective on shares of Walmart from $74.00 to $81.00 and gave the stock a “buy” rating in a report on Friday, August 16th. Truist Financial upped their price target on Walmart from $64.00 to $76.00 and gave the stock a “hold” rating in a research note on Friday, August 16th. Stifel Nicolaus lifted their price objective on Walmart from $71.00 to $73.00 and gave the company a “hold” rating in a research note on Tuesday, August 13th. Deutsche Bank Aktiengesellschaft boosted their price objective on Walmart from $77.00 to $83.00 and gave the company a “buy” rating in a report on Friday, August 16th. Finally, Evercore ISI raised their target price on Walmart from $78.00 to $80.00 and gave the company an “outperform” rating in a report on Thursday, August 22nd. Two equities research analysts have rated the stock with a hold rating, twenty-six have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Walmart presently has a consensus rating of “Moderate Buy” and a consensus target price of $78.99.

Insider Transactions at Walmart

In related news, major shareholder S Robson Walton sold 359,616 shares of the company’s stock in a transaction dated Thursday, September 19th. The stock was sold at an average price of $78.25, for a total value of $28,139,952.00. Following the completion of the sale, the insider now directly owns 603,989,702 shares of the company’s stock, valued at approximately $47,262,194,181.50. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other Walmart news, EVP Daniel J. Bartlett sold 2,063 shares of the company’s stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $80.76, for a total transaction of $166,607.88. Following the completion of the sale, the executive vice president now directly owns 459,558 shares of the company’s stock, valued at approximately $37,113,904.08. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, major shareholder S Robson Walton sold 359,616 shares of Walmart stock in a transaction that occurred on Thursday, September 19th. The shares were sold at an average price of $78.25, for a total value of $28,139,952.00. Following the completion of the transaction, the insider now owns 603,989,702 shares in the company, valued at $47,262,194,181.50. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 12,369,039 shares of company stock worth $959,826,083. Corporate insiders own 45.58% of the company’s stock.

About Walmart

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.