Windward Capital Management Co. CA Sells 2,176 Shares of Walmart Inc. (NYSE:WMT)

Windward Capital Management Co. CA trimmed its position in Walmart Inc. (NYSE:WMT) by 2.6% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 80,961 shares of the retailer’s stock after selling 2,176 shares during the period. Windward Capital Management Co. CA’s holdings in Walmart were worth $5,482,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of WMT. Sheaff Brock Investment Advisors LLC grew its holdings in shares of Walmart by 0.3% during the 4th quarter. Sheaff Brock Investment Advisors LLC now owns 21,377 shares of the retailer’s stock worth $3,370,000 after purchasing an additional 65 shares during the period. Landmark Financial Advisors LLC boosted its stake in Walmart by 1.0% during the fourth quarter. Landmark Financial Advisors LLC now owns 7,055 shares of the retailer’s stock worth $1,112,000 after buying an additional 70 shares during the period. MinichMacGregor Wealth Management LLC raised its stake in shares of Walmart by 4.0% in the 4th quarter. MinichMacGregor Wealth Management LLC now owns 2,063 shares of the retailer’s stock valued at $325,000 after acquiring an additional 79 shares during the period. Lee Financial Co lifted its holdings in shares of Walmart by 2.1% in the 4th quarter. Lee Financial Co now owns 4,076 shares of the retailer’s stock worth $644,000 after acquiring an additional 82 shares during the last quarter. Finally, Syverson Strege & Co boosted its position in shares of Walmart by 2.6% during the 4th quarter. Syverson Strege & Co now owns 3,377 shares of the retailer’s stock worth $532,000 after purchasing an additional 85 shares during the period. 26.76% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Walmart

In related news, major shareholder S Robson Walton sold 1,244,347 shares of the company’s stock in a transaction on Friday, June 14th. The shares were sold at an average price of $66.63, for a total value of $82,910,840.61. Following the completion of the sale, the insider now owns 633,518,311 shares in the company, valued at approximately $42,211,325,061.93. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In related news, EVP John R. Furner sold 13,125 shares of the firm’s stock in a transaction dated Wednesday, June 12th. The stock was sold at an average price of $66.85, for a total transaction of $877,406.25. Following the transaction, the executive vice president now owns 658,665 shares of the company’s stock, valued at $44,031,755.25. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, major shareholder S Robson Walton sold 1,244,347 shares of the stock in a transaction that occurred on Friday, June 14th. The stock was sold at an average price of $66.63, for a total value of $82,910,840.61. Following the sale, the insider now directly owns 633,518,311 shares of the company’s stock, valued at $42,211,325,061.93. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 10,144,237 shares of company stock worth $730,497,016. Insiders own 45.58% of the company’s stock.

Walmart Trading Down 0.4 %

NYSE WMT opened at $76.64 on Friday. The firm’s fifty day moving average price is $71.45 and its 200 day moving average price is $65.43. The company has a market capitalization of $616.05 billion, a price-to-earnings ratio of 32.80, a price-to-earnings-growth ratio of 3.87 and a beta of 0.51. Walmart Inc. has a 12 month low of $49.85 and a 12 month high of $77.81. 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 announced its earnings results on Thursday, August 15th. The retailer reported $0.67 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.65 by $0.02. The firm 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 was up 4.7% on a year-over-year basis. During the same period in the prior year, the firm earned $0.61 EPS. On average, sell-side analysts expect that Walmart Inc. will post 2.44 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the company. Telsey Advisory Group upped their price target on Walmart from $75.00 to $82.00 and gave the stock an “outperform” rating in a research note on Friday, August 16th. Wells Fargo & Company increased their target price on Walmart from $75.00 to $81.00 and gave the stock an “overweight” rating in a research note on Friday, August 16th. Guggenheim lifted their target price on Walmart from $75.00 to $81.00 and gave the company a “buy” rating in a research report on Friday, August 16th. Truist Financial increased their price target on shares of Walmart from $64.00 to $76.00 and gave the stock a “hold” rating in a research report on Friday, August 16th. Finally, Jefferies Financial Group lifted their price objective on shares of Walmart from $85.00 to $90.00 and gave the company a “buy” rating in a report on Wednesday. Two investment analysts have rated the stock with a hold rating, twenty-six have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $78.99.

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.