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

Townsquare Capital LLC decreased its position in Walmart Inc. (NYSE:WMT) by 1.3% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 181,467 shares of the retailer’s stock after selling 2,299 shares during the quarter. Townsquare Capital LLC’s holdings in Walmart were worth $14,653,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in the company. Cadence Bank raised its stake in Walmart by 0.3% in the 3rd quarter. Cadence Bank now owns 181,868 shares of the retailer’s stock valued at $14,686,000 after purchasing an additional 467 shares during the last quarter. Carlson Capital Management raised its stake in Walmart by 1.8% in the 3rd quarter. Carlson Capital Management now owns 7,499 shares of the retailer’s stock valued at $606,000 after purchasing an additional 134 shares during the last quarter. Shum Financial Group Inc. acquired a new position in Walmart in the 3rd quarter valued at about $1,719,000. Avestar Capital LLC increased its stake in shares of Walmart by 5.4% during the 3rd quarter. Avestar Capital LLC now owns 29,372 shares of the retailer’s stock valued at $2,372,000 after acquiring an additional 1,514 shares during the last quarter. Finally, Brooklyn Investment Group increased its stake in shares of Walmart by 1.0% during the 3rd quarter. Brooklyn Investment Group now owns 32,097 shares of the retailer’s stock valued at $2,592,000 after acquiring an additional 318 shares during the last quarter. Institutional investors and hedge funds own 26.76% of the company’s stock.

Walmart Stock Up 2.0 %

Shares of NYSE WMT opened at $91.31 on Wednesday. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.23 and a current ratio of 0.85. The firm has a market cap of $733.97 billion, a price-to-earnings ratio of 37.47, a PEG ratio of 4.25 and a beta of 0.51. Walmart Inc. has a 1 year low of $49.85 and a 1 year high of $91.88. The stock’s 50-day simple moving average is $82.55 and its 200-day simple moving average is $74.36.

Walmart (NYSE:WMT) last announced its quarterly earnings data on Tuesday, November 19th. The retailer reported $0.58 earnings per share for the quarter, beating the consensus estimate of $0.53 by $0.05. The firm had revenue of $169.59 billion during the quarter, compared to analyst estimates of $167.69 billion. Walmart had a return on equity of 21.78% and a net margin of 2.92%. Walmart’s quarterly revenue was up 5.5% on a year-over-year basis. During the same period in the previous year, the company earned $0.51 earnings per share. As a group, equities analysts anticipate that Walmart Inc. will post 2.47 earnings per share for the current fiscal year.

Insider Activity at Walmart

In other Walmart news, EVP Daniel J. Bartlett sold 2,063 shares of Walmart stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $80.76, for a total value of $166,607.88. Following the completion of the transaction, the executive vice president now directly owns 459,558 shares in the company, valued at $37,113,904.08. The trade was a 0.45 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO C Douglas Mcmillon sold 29,124 shares of Walmart stock in a transaction that occurred on Thursday, September 26th. The shares were sold at an average price of $80.64, for a total value of $2,348,559.36. Following the completion of the transaction, the chief executive officer now owns 3,873,053 shares of the company’s stock, valued at approximately $312,322,993.92. The trade was a 0.75 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 12,337,337 shares of company stock valued at $958,823,647 over the last three months. 45.58% of the stock is owned by insiders.

Analyst Ratings Changes

WMT has been the subject of a number of research analyst reports. Evercore ISI upped their price objective on shares of Walmart from $66.00 to $89.00 and gave the company an “overweight” rating in a research note on Monday, November 18th. DZ Bank downgraded shares of Walmart from a “buy” rating to a “hold” rating and set a $91.00 price objective for the company. in a research note on Thursday, November 21st. StockNews.com downgraded shares of Walmart from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, November 20th. KeyCorp upped their price objective on shares of Walmart from $88.00 to $96.00 and gave the company an “overweight” rating in a research note on Wednesday, November 20th. Finally, Truist Financial upped their price objective on shares of Walmart from $89.00 to $98.00 and gave the company a “buy” rating in a research note on Wednesday, November 20th. Two equities research analysts have rated the stock with a hold rating, twenty-nine have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Walmart has an average rating of “Moderate Buy” and a consensus target price of $91.88.

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.