ProShare Advisors LLC Sells 128,059 Shares of Walmart Inc. (NYSE:WMT)

ProShare Advisors LLC trimmed its stake in Walmart Inc. (NYSE:WMT) by 3.4% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,692,033 shares of the retailer’s stock after selling 128,059 shares during the period. Walmart accounts for 0.7% of ProShare Advisors LLC’s portfolio, making the stock its 23rd largest position. ProShare Advisors LLC’s holdings in Walmart were worth $249,988,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Able Wealth Management LLC bought a new position in shares of Walmart in the 4th quarter worth $30,000. Vermillion & White Wealth Management Group LLC purchased a new position in Walmart during the 4th quarter worth $32,000. Frank Rimerman Advisors LLC purchased a new position in Walmart during the 4th quarter worth $48,000. EntryPoint Capital LLC purchased a new position in Walmart during the 1st quarter worth $25,000. Finally, 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. 26.76% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, major shareholder Alice L. Walton sold 2,709,163 shares of the business’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 of the company’s stock, valued at approximately $48,781,873,820.76. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In related news, major shareholder Alice L. Walton sold 2,709,163 shares of the business’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 of the company’s stock, valued at approximately $48,781,873,820.76. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP John D. Rainey sold 25,578 shares of the business’s stock in a transaction on Monday, July 1st. The stock was sold at an average price of $67.58, for a total transaction of $1,728,561.24. Following the completion of the sale, the executive vice president now directly owns 390,165 shares of the company’s stock, valued at approximately $26,367,350.70. The disclosure for this sale can be found here. In the last quarter, insiders sold 12,369,039 shares of company stock valued at $959,826,083. 45.58% of the stock is owned by corporate insiders.

Walmart Stock Performance

Shares of WMT stock opened at $79.06 on Friday. The company has a market capitalization of $635.92 billion, a P/E ratio of 33.79, a P/E/G ratio of 4.03 and a beta of 0.51. The business’s 50 day moving average is $73.44 and its two-hundred day moving average is $66.83. 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 issued its quarterly earnings results on Thursday, August 15th. The retailer reported $0.67 EPS for the quarter, topping the consensus estimate of $0.65 by $0.02. The company had revenue of $169.30 billion during the quarter, compared to analyst estimates of $168.56 billion. Walmart had a net margin of 2.34% and a return on equity of 21.72%. The firm’s revenue was up 4.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.61 EPS. Analysts expect that Walmart Inc. will post 2.44 EPS for the current fiscal year.

Analyst Ratings Changes

Several research analysts recently weighed in on the company. Piper Sandler restated an “overweight” rating and set a $83.00 target price (up from $81.00) on shares of Walmart in a research note on Friday, August 16th. Truist Financial boosted their target price on Walmart from $64.00 to $76.00 and gave the stock a “hold” rating in a research note on Friday, August 16th. UBS Group boosted their target price on Walmart from $74.00 to $81.00 and gave the stock a “buy” rating in a research note on Friday, August 16th. Wells Fargo & Company boosted their target price on Walmart from $75.00 to $81.00 and gave the stock an “overweight” rating in a research note on Friday, August 16th. Finally, Telsey Advisory Group boosted their price target on Walmart from $75.00 to $82.00 and gave the company an “outperform” rating in a research note on Friday, August 16th. Two 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. Based on data from MarketBeat.com, Walmart currently has an average rating of “Moderate Buy” and a consensus target price of $78.99.

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.