RW Investment Management LLC Sells 441 Shares of Walmart Inc. (NYSE:WMT)

RW Investment Management LLC reduced its holdings in Walmart Inc. (NYSE:WMT) by 3.4% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 12,409 shares of the retailer’s stock after selling 441 shares during the quarter. RW Investment Management LLC’s holdings in Walmart were worth $840,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in WMT. Epoch Investment Partners Inc. boosted its holdings in Walmart by 12.1% in the second quarter. Epoch Investment Partners Inc. now owns 2,754,829 shares of the retailer’s stock valued at $186,529,000 after acquiring an additional 296,550 shares in the last quarter. 1832 Asset Management L.P. lifted its position in shares of Walmart by 141.5% in the 2nd quarter. 1832 Asset Management L.P. now owns 3,126,001 shares of the retailer’s stock worth $211,662,000 after purchasing an additional 1,831,854 shares during the period. Frank Rimerman Advisors LLC grew its holdings in shares of Walmart by 6,862.3% during the 2nd quarter. Frank Rimerman Advisors LLC now owns 64,123 shares of the retailer’s stock worth $4,342,000 after acquiring an additional 63,202 shares during the period. Kowal Investment Group LLC grew its holdings in shares of Walmart by 4.6% during the 2nd quarter. Kowal Investment Group LLC now owns 22,052 shares of the retailer’s stock worth $1,493,000 after acquiring an additional 976 shares during the period. Finally, Lavaca Capital LLC raised its position in shares of Walmart by 1.6% in the 2nd quarter. Lavaca Capital LLC now owns 20,745 shares of the retailer’s stock worth $1,405,000 after acquiring an additional 324 shares in the last quarter. 26.76% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

WMT has been the topic of several recent research reports. Morgan Stanley upped their price target on Walmart from $75.00 to $82.00 and gave the stock an “overweight” rating in a research note on Friday, August 16th. Oppenheimer lifted their price target on shares of Walmart from $69.00 to $75.00 and gave the company an “outperform” rating in a research report on Thursday, June 6th. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Walmart from $77.00 to $83.00 and gave the stock a “buy” rating in a report on Friday, August 16th. Truist Financial lifted their target price on shares of Walmart from $64.00 to $76.00 and gave the company a “hold” rating in a report on Friday, August 16th. Finally, UBS Group upped their price target on Walmart from $74.00 to $81.00 and gave the stock a “buy” rating in a research note on Friday, August 16th. Two equities research analysts have rated the stock with a hold rating, twenty-six have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, Walmart has a consensus rating of “Moderate Buy” and an average target price of $78.99.

Walmart Price Performance

Shares of WMT opened at $79.06 on Friday. The firm has a market cap of $635.92 billion, a PE ratio of 33.79, a P/E/G ratio of 4.03 and a beta of 0.51. Walmart Inc. has a 1-year low of $49.85 and a 1-year high of $81.02. The company has a current ratio of 0.80, a quick ratio of 0.22 and a debt-to-equity ratio of 0.46. The firm has a fifty day simple moving average of $73.44 and a two-hundred day simple moving average of $66.83.

Walmart (NYSE:WMT) last posted its earnings results on Thursday, August 15th. The retailer reported $0.67 earnings per share for the quarter, beating analysts’ consensus estimates of $0.65 by $0.02. The company had revenue of $169.30 billion for the quarter, compared to the consensus estimate of $168.56 billion. Walmart had a return on equity of 21.72% and a net margin of 2.34%. Walmart’s revenue was up 4.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.61 earnings per share. On average, equities analysts anticipate that Walmart Inc. will post 2.44 EPS for the current year.

Insider Buying and Selling

In other Walmart news, SVP David Chojnowski sold 8,791 shares of the company’s stock in a transaction that occurred on Wednesday, June 26th. The shares were sold at an average price of $68.00, for a total transaction of $597,788.00. Following the completion of the sale, the senior vice president now directly owns 94,415 shares of the company’s stock, valued at $6,420,220. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In related news, major shareholder S Robson Walton sold 4,057,369 shares of Walmart stock in a transaction on Monday, September 9th. The stock was sold at an average price of $77.20, for a total transaction of $313,228,886.80. Following the transaction, the insider now directly owns 611,988,318 shares in the company, valued at $47,245,498,149.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP David Chojnowski sold 8,791 shares of the company’s stock in a transaction dated Wednesday, June 26th. The stock was sold at an average price of $68.00, for a total value of $597,788.00. Following the completion of the sale, the senior vice president now owns 94,415 shares of the company’s stock, valued at approximately $6,420,220. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 12,369,039 shares of company stock valued at $959,826,083. 45.58% of the stock is owned by insiders.

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.