Stordahl Capital Management Inc. Reduces Stock Holdings in Walmart Inc. (NYSE:WMT)

Stordahl Capital Management Inc. lowered its stake in shares of Walmart Inc. (NYSE:WMT) by 3.7% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 5,104 shares of the retailer’s stock after selling 198 shares during the quarter. Stordahl Capital Management Inc.’s holdings in Walmart were worth $415,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of WMT. Able Wealth Management LLC bought a new position in shares of Walmart during the fourth quarter valued at approximately $30,000. EntryPoint Capital LLC bought a new position in Walmart in the 1st quarter valued at $25,000. TruNorth Capital Management LLC increased its stake in Walmart by 138.3% in the second quarter. TruNorth Capital Management LLC now owns 429 shares of the retailer’s stock worth $29,000 after purchasing an additional 249 shares during the period. Cultivar Capital Inc. bought a new stake in shares of Walmart during the second quarter worth $29,000. Finally, Northwest Capital Management Inc boosted its stake in shares of Walmart by 199.3% during the first quarter. Northwest Capital Management Inc now owns 440 shares of the retailer’s stock valued at $26,000 after purchasing an additional 293 shares during the period. Hedge funds and other institutional investors own 26.76% of the company’s stock.

Insider Activity

In related news, major shareholder S Robson Walton sold 4,057,369 shares of the firm’s stock in a transaction on Monday, September 9th. The shares were sold at an average price of $77.20, for a total transaction of $313,228,886.80. Following the completion of the transaction, the insider now owns 611,988,318 shares of the company’s stock, valued at $47,245,498,149.60. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, major shareholder S Robson Walton sold 4,057,369 shares of the firm’s stock in a transaction dated 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 sale, the insider now directly owns 611,988,318 shares of the company’s stock, valued at $47,245,498,149.60. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Daniel J. Bartlett sold 2,398 shares of the business’s stock in a transaction that occurred on Monday, July 15th. The shares were sold at an average price of $69.50, for a total value of $166,661.00. Following the completion of the transaction, the executive vice president now directly owns 463,871 shares of the company’s stock, valued at $32,239,034.50. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 12,337,670 shares of company stock valued at $958,267,937 in the last ninety days. Insiders own 45.58% of the company’s stock.

Walmart Stock Performance

Shares of Walmart stock opened at $79.71 on Wednesday. The company has a 50 day moving average price of $75.67 and a 200 day moving average price of $68.39. The firm has a market capitalization of $640.73 billion, a P/E ratio of 34.11, a PEG ratio of 4.05 and a beta of 0.51. Walmart Inc. has a 52 week low of $49.85 and a 52 week high of $81.60. The company has a quick ratio of 0.22, a current ratio of 0.80 and a debt-to-equity ratio of 0.46.

Walmart (NYSE:WMT) last announced its quarterly earnings data 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 business had revenue of $169.30 billion for the quarter, compared to analyst estimates of $168.56 billion. Walmart had a return on equity of 21.72% and a net margin of 2.34%. The company’s revenue was up 4.7% on a year-over-year basis. During the same period in the prior year, the company earned $0.61 earnings per share. Sell-side analysts expect that Walmart Inc. will post 2.44 EPS for the current year.

Analyst Ratings Changes

WMT has been the subject of a number of research analyst reports. Piper Sandler reiterated an “overweight” rating and set a $83.00 price objective (up previously from $81.00) on shares of Walmart in a report on Friday, August 16th. StockNews.com raised shares of Walmart from a “buy” rating to a “strong-buy” rating in a research note on Friday, August 16th. DA Davidson increased their price objective on Walmart from $75.00 to $85.00 and gave the stock a “buy” rating in a research note on Friday, August 16th. Robert W. Baird lifted their target price on Walmart from $82.00 to $90.00 and gave the company an “outperform” rating in a research report on Monday, September 30th. Finally, Citigroup increased their price target on Walmart from $75.00 to $98.00 and gave the stock a “buy” rating in a research report on Friday, September 27th. One analyst has rated the stock with a hold rating, twenty-eight have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Buy” and a consensus target price of $81.96.

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.