Walmart Inc. (NYSE:WMT) Shares Sold by Mather Group LLC.

Mather Group LLC. lowered its position in shares of Walmart Inc. (NYSE:WMT) by 26.7% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 52,526 shares of the retailer’s stock after selling 19,170 shares during the period. Mather Group LLC.’s holdings in Walmart were worth $4,241,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Able Wealth Management LLC acquired a new position in shares of Walmart during the fourth quarter worth $30,000. EntryPoint Capital LLC purchased a new stake in Walmart in the first quarter valued at $25,000. TruNorth Capital Management LLC lifted its position in Walmart by 138.3% in the second quarter. TruNorth Capital Management LLC now owns 429 shares of the retailer’s stock valued at $29,000 after acquiring an additional 249 shares during the last quarter. Cultivar Capital Inc. purchased a new stake in Walmart in the second quarter valued at $29,000. Finally, Northwest Capital Management Inc lifted its position in Walmart by 199.3% in the first quarter. Northwest Capital Management Inc now owns 440 shares of the retailer’s stock valued at $26,000 after acquiring an additional 293 shares during the last quarter. Institutional investors and hedge funds own 26.76% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently weighed in on WMT. Redburn Atlantic raised shares of Walmart to a “strong-buy” rating in a research report on Monday, September 23rd. JPMorgan Chase & Co. boosted their price target on shares of Walmart from $81.00 to $83.00 and gave the company an “overweight” rating in a research report on Friday, August 16th. Tigress Financial upped their target price on shares of Walmart from $75.00 to $86.00 and gave the company a “buy” rating in a report on Tuesday, July 23rd. Truist Financial raised shares of Walmart from a “hold” rating to a “buy” rating and upped their target price for the company from $76.00 to $89.00 in a report on Tuesday, September 24th. Finally, Stifel Nicolaus upped their target price on shares of Walmart from $71.00 to $73.00 and gave the company a “hold” rating in a report on Tuesday, August 13th. One research analyst has rated the stock with a hold rating, twenty-eight have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Buy” and an average price target of $81.96.

Insider Buying and Selling

In other Walmart news, EVP Daniel J. Bartlett sold 2,398 shares of Walmart 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 sale, the executive vice president now directly owns 463,871 shares of the company’s stock, valued at approximately $32,239,034.50. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Walmart news, EVP John D. Rainey sold 3,000 shares of Walmart stock in a transaction that occurred on Tuesday, October 1st. The shares were sold at an average price of $80.97, for a total value of $242,910.00. Following the completion of the sale, the executive vice president now directly owns 381,165 shares of the company’s stock, valued at approximately $30,862,930.05. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Daniel J. Bartlett sold 2,398 shares of Walmart stock in a transaction that occurred on Monday, July 15th. The stock was sold at an average price of $69.50, for a total transaction of $166,661.00. Following the completion of the sale, 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. Over the last 90 days, insiders have sold 12,337,670 shares of company stock worth $958,267,937. 45.58% of the stock is owned by insiders.

Walmart Stock Up 0.8 %

WMT stock opened at $79.71 on Wednesday. The company’s 50 day simple moving average is $75.67 and its 200-day simple moving average is $68.39. The firm has a market capitalization of $640.73 billion, a PE ratio of 34.11, a P/E/G ratio of 4.05 and a beta of 0.51. Walmart Inc. has a 12 month low of $49.85 and a 12 month high of $81.60. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.80 and a quick ratio of 0.22.

Walmart (NYSE:WMT) last released its quarterly earnings results on Thursday, August 15th. The retailer reported $0.67 EPS for the quarter, beating the consensus estimate 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 net margin of 2.34% and a return on equity of 21.72%. The company’s quarterly revenue was up 4.7% on a year-over-year basis. During the same period in the prior year, the business earned $0.61 earnings per share. Equities analysts expect that Walmart Inc. will post 2.44 earnings per share for the current fiscal year.

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.