Walmart Inc. (NYSE:WMT) Shares Sold by First Eagle Investment Management LLC

First Eagle Investment Management LLC lessened its holdings in shares of Walmart Inc. (NYSE:WMT) by 100.0% during the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,293 shares of the retailer’s stock after selling 5,281,681 shares during the period. First Eagle Investment Management LLC’s holdings in Walmart were worth $88,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Able Wealth Management LLC acquired a new stake in shares of Walmart during the 4th quarter worth about $30,000. Vermillion & White Wealth Management Group LLC acquired a new position in Walmart during the fourth quarter worth approximately $32,000. Frank Rimerman Advisors LLC acquired a new position in Walmart during the fourth quarter worth approximately $48,000. EntryPoint Capital LLC acquired a new position in Walmart during the first quarter worth approximately $25,000. Finally, TruNorth Capital Management LLC increased its position in Walmart by 138.3% during the second 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 period. Institutional investors and hedge funds own 26.76% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have commented on the company. Jefferies Financial Group lifted their price target on Walmart from $85.00 to $90.00 and gave the stock a “buy” rating in a research report on Wednesday, September 4th. Oppenheimer lifted their price target on Walmart from $69.00 to $75.00 and gave the stock an “outperform” rating in a research report on Thursday, June 6th. Telsey Advisory Group lifted their price target on Walmart from $75.00 to $82.00 and gave the stock an “outperform” rating in a research report on Friday, August 16th. Truist Financial boosted their target price on Walmart from $64.00 to $76.00 and gave the company a “hold” rating in a report on Friday, August 16th. Finally, KeyCorp boosted their target price on Walmart from $75.00 to $82.00 and gave the company an “overweight” rating in a report on Wednesday, July 17th. Two investment analysts have rated the stock with a hold rating, twenty-six have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $78.99.

Insider Transactions at Walmart

In other news, major shareholder S Robson Walton sold 359,616 shares of the business’s stock in a transaction on Thursday, September 19th. The stock was sold at an average price of $78.25, for a total value of $28,139,952.00. Following the completion of the transaction, the insider now directly owns 603,989,702 shares of the company’s stock, valued at $47,262,194,181.50. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, major shareholder S Robson Walton sold 359,616 shares of the company’s stock in a transaction on Thursday, September 19th. The stock was sold at an average price of $78.25, for a total value of $28,139,952.00. Following the completion of the transaction, the insider now directly owns 603,989,702 shares in the company, valued at $47,262,194,181.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder Alice L. Walton sold 2,709,163 shares of the company’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 transaction, the insider now owns 630,501,148 shares of the company’s stock, valued at $48,781,873,820.76. The disclosure for this sale can be found here. Insiders sold a total of 12,369,039 shares of company stock valued at $959,826,083 over the last three months. 45.58% of the stock is currently owned by insiders.

Walmart Stock Up 1.3 %

WMT opened at $79.06 on Friday. The business’s fifty day moving average is $73.44 and its two-hundred day moving average is $66.83. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.22 and a current ratio of 0.80. The company has a market cap of $635.92 billion, a price-to-earnings ratio of 33.79, a PEG ratio of 4.03 and a beta of 0.51. Walmart Inc. has a one year low of $49.85 and a one year high of $81.02.

Walmart (NYSE:WMT) last released its quarterly earnings results on Thursday, August 15th. The retailer reported $0.67 earnings per share for the quarter, topping analysts’ consensus estimates of $0.65 by $0.02. Walmart had a return on equity of 21.72% and a net margin of 2.34%. The company had revenue of $169.30 billion during the quarter, compared to analysts’ expectations of $168.56 billion. During the same period in the previous year, the firm posted $0.61 earnings per share. The business’s revenue for the quarter was up 4.7% compared to the same quarter last year. Analysts anticipate that Walmart Inc. will post 2.44 EPS for the current fiscal year.

About Walmart

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.