Walmart Inc. (NYSE:WMT) Shares Sold by MRP Capital Investments LLC

MRP Capital Investments LLC trimmed its position in shares of Walmart Inc. (NYSE:WMT) by 2.3% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 29,212 shares of the retailer’s stock after selling 698 shares during the period. Walmart makes up about 1.8% of MRP Capital Investments LLC’s holdings, making the stock its 11th biggest holding. MRP Capital Investments LLC’s holdings in Walmart were worth $1,978,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. EntryPoint Capital LLC acquired a new position in Walmart during the first quarter valued at approximately $25,000. Northwest Capital Management Inc boosted its position in Walmart by 199.3% during the 1st quarter. Northwest Capital Management Inc now owns 440 shares of the retailer’s stock worth $26,000 after purchasing an additional 293 shares during the period. TruNorth Capital Management LLC increased its holdings in Walmart by 138.3% in the 2nd quarter. TruNorth Capital Management LLC now owns 429 shares of the retailer’s stock valued at $29,000 after purchasing an additional 249 shares in the last quarter. Cultivar Capital Inc. purchased a new position in Walmart in the second quarter valued at about $29,000. Finally, Able Wealth Management LLC acquired a new position in shares of Walmart during the fourth quarter worth about $30,000. 26.76% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages recently commented on WMT. JPMorgan Chase & Co. raised their target price on Walmart from $81.00 to $83.00 and gave the company an “overweight” rating in a report on Friday, August 16th. KeyCorp raised their price target on shares of Walmart from $75.00 to $82.00 and gave the company an “overweight” rating in a report on Wednesday, July 17th. Deutsche Bank Aktiengesellschaft raised their target price on Walmart from $77.00 to $83.00 and gave the company a “buy” rating in a research note on Friday, August 16th. StockNews.com upgraded Walmart from a “buy” rating to a “strong-buy” rating in a research note on Friday, August 16th. Finally, TD Cowen raised their price objective on Walmart from $80.00 to $85.00 and gave the company a “buy” rating in a research note on Friday, August 16th. Two research analysts have rated the stock with a hold rating, twenty-six have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $78.99.

Walmart Stock Performance

Walmart stock opened at $79.03 on Thursday. The company has a market cap of $635.68 billion, a P/E ratio of 33.77, a price-to-earnings-growth ratio of 4.03 and a beta of 0.51. Walmart Inc. has a fifty-two week low of $49.85 and a fifty-two week high of $81.02. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.80 and a quick ratio of 0.22. The firm’s 50 day simple moving average is $73.07 and its 200-day simple moving average is $66.57.

Walmart (NYSE:WMT) last announced its quarterly earnings data on Thursday, August 15th. The retailer reported $0.67 EPS for the quarter, topping analysts’ consensus estimates of $0.65 by $0.02. The firm had revenue of $169.30 billion during 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 business’s quarterly revenue was up 4.7% compared to the same quarter last year. During the same period last year, the company posted $0.61 EPS. As a group, equities research analysts predict that Walmart Inc. will post 2.44 EPS for the current year.

Insider Buying and Selling at Walmart

In other Walmart news, SVP David Chojnowski sold 8,791 shares of Walmart stock in a transaction 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 owns 94,415 shares of the company’s stock, valued at approximately $6,420,220. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other Walmart news, CEO C Douglas Mcmillon sold 29,124 shares of the stock in a transaction on Thursday, June 27th. The shares were sold at an average price of $68.39, for a total transaction of $1,991,790.36. Following the transaction, the chief executive officer now directly owns 3,960,402 shares of the company’s stock, valued at $270,851,892.78. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP David Chojnowski sold 8,791 shares of the business’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 directly owns 94,415 shares of the company’s stock, valued at approximately $6,420,220. The disclosure for this sale can be found here. In the last quarter, insiders have sold 10,205,423 shares of company stock worth $788,845,411. 45.58% of the stock is currently owned by company 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.