Walmart Inc. (NYSE:WMT) Shares Sold by Fiducient Advisors LLC

Fiducient Advisors LLC cut its position in Walmart Inc. (NYSE:WMT) by 48.7% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,543 shares of the retailer’s stock after selling 3,364 shares during the quarter. Fiducient Advisors LLC’s holdings in Walmart were worth $286,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of WMT. Vanguard Group Inc. lifted its position in shares of Walmart by 199.4% during the first quarter. Vanguard Group Inc. now owns 411,745,334 shares of the retailer’s stock worth $24,774,717,000 after purchasing an additional 274,229,968 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its position in Walmart by 181.0% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 56,861,234 shares of the retailer’s stock valued at $3,421,342,000 after buying an additional 36,625,314 shares during the period. Legal & General Group Plc grew its stake in shares of Walmart by 1.8% in the second quarter. Legal & General Group Plc now owns 36,282,740 shares of the retailer’s stock worth $2,456,704,000 after acquiring an additional 644,353 shares in the last quarter. Raymond James & Associates increased its position in shares of Walmart by 3.0% during the third quarter. Raymond James & Associates now owns 16,766,325 shares of the retailer’s stock worth $1,353,881,000 after acquiring an additional 484,196 shares during the period. Finally, Dimensional Fund Advisors LP raised its stake in shares of Walmart by 5.4% in the second quarter. Dimensional Fund Advisors LP now owns 16,184,945 shares of the retailer’s stock valued at $1,095,946,000 after acquiring an additional 834,005 shares in the last quarter. 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 Walmart stock in a transaction that occurred 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 completion of the transaction, the insider now directly owns 611,988,318 shares in the company, valued at $47,245,498,149.60. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In other news, major shareholder S Robson Walton sold 4,057,369 shares of the business’s stock in a transaction on Monday, September 9th. The stock was sold at an average price of $77.20, for a total value of $313,228,886.80. Following the completion of the transaction, the insider now directly owns 611,988,318 shares of the company’s stock, valued at $47,245,498,149.60. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP John D. Rainey sold 3,000 shares of the company’s stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $77.48, for a total value of $232,440.00. Following the completion of the sale, the executive vice president now owns 384,165 shares in the company, valued at $29,765,104.20. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 12,334,337 shares of company stock worth $958,577,287 over the last ninety days. 45.58% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several equities research analysts have weighed in on WMT shares. Guggenheim upped their price target on Walmart from $81.00 to $90.00 and gave the stock a “buy” rating in a report on Monday. Roth Mkm boosted their price target on shares of Walmart from $71.00 to $81.00 and gave the stock a “buy” rating in a report on Friday, August 16th. The Goldman Sachs Group increased their price objective on Walmart from $73.00 to $81.00 and gave the company a “buy” rating in a report 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, Truist Financial upgraded shares of Walmart from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $76.00 to $89.00 in a research report on Tuesday, September 24th. One analyst has rated the stock with a hold rating, twenty-nine have issued a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus target price of $83.83.

Walmart Price Performance

Shares of NYSE:WMT opened at $81.43 on Thursday. The firm has a market capitalization of $654.55 billion, a price-to-earnings ratio of 42.41, a price-to-earnings-growth ratio of 4.13 and a beta of 0.51. 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 business’s 50 day simple moving average is $79.54 and its 200-day simple moving average is $70.86. Walmart Inc. has a 12 month low of $49.85 and a 12 month high of $83.34.

Walmart (NYSE:WMT) last announced its quarterly 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 business had revenue of $169.30 billion during the quarter, compared to analysts’ expectations of $168.56 billion. Walmart had a return on equity of 21.72% and a net margin of 2.34%. The business’s revenue for the quarter was up 4.7% on a year-over-year basis. During the same quarter last year, the business posted $0.61 earnings per share. As a group, equities analysts forecast 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.