West Oak Capital LLC Sells 250 Shares of Walmart Inc. (NYSE:WMT)

West Oak Capital LLC lowered its stake in Walmart Inc. (NYSE:WMT) by 8.3% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 2,750 shares of the retailer’s stock after selling 250 shares during the period. West Oak Capital LLC’s holdings in Walmart were worth $222,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the stock. Hoese & Co LLP bought a new stake in Walmart during the 3rd quarter valued at $33,000. EntryPoint Capital LLC bought a new stake in shares of Walmart in the first quarter worth about $25,000. TruNorth Capital Management LLC raised its position in Walmart by 138.3% during 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 during the last quarter. Cultivar Capital Inc. bought a new position in Walmart during the 2nd quarter valued at approximately $29,000. Finally, Kozak & Associates Inc. lifted its holdings in Walmart by 216.4% in the 1st quarter. Kozak & Associates Inc. now owns 503 shares of the retailer’s stock worth $32,000 after buying an additional 344 shares during the period. Hedge funds and other institutional investors own 26.76% of the company’s stock.

Wall Street Analysts Forecast Growth

WMT has been the topic of several research analyst reports. UBS Group boosted their target price on Walmart from $81.00 to $92.00 and gave the company a “buy” rating in a research note on Friday, October 11th. Piper Sandler reissued an “overweight” rating and set a $83.00 price objective (up from $81.00) on shares of Walmart in a research report on Friday, August 16th. Guggenheim boosted their price target on shares of Walmart from $75.00 to $81.00 and gave the company a “buy” rating in a research report on Friday, August 16th. Robert W. Baird lifted their price objective on Walmart from $82.00 to $90.00 and gave the company an “outperform” rating in a research report on Monday, September 30th. Finally, BMO Capital Markets reaffirmed an “outperform” rating and issued a $80.00 price target on shares of Walmart in a research note on Friday, August 16th. One equities research analyst has rated the stock with a hold rating, twenty-eight have assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the company has an average rating of “Buy” and an average target price of $82.96.

Walmart Stock Up 0.5 %

WMT opened at $81.32 on Friday. Walmart Inc. has a 1-year low of $49.85 and a 1-year high of $81.82. The firm’s 50 day simple moving average is $77.90 and its two-hundred day simple moving average is $69.54. The company has a current ratio of 0.80, a quick ratio of 0.22 and a debt-to-equity ratio of 0.46. The company has a market capitalization of $654.10 billion, a PE ratio of 34.75, a PEG ratio of 4.02 and a beta of 0.51.

Walmart (NYSE:WMT) last released its quarterly earnings data on Thursday, August 15th. The retailer reported $0.67 EPS for the quarter, beating the consensus estimate of $0.65 by $0.02. The business had revenue of $169.30 billion during the quarter, compared to analyst estimates of $168.56 billion. Walmart had a net margin of 2.34% and a return on equity of 21.72%. Walmart’s quarterly revenue was up 4.7% compared to the same quarter last year. During the same quarter last year, the business earned $0.61 earnings per share. As a group, equities analysts forecast that Walmart Inc. will post 2.44 EPS for the current year.

Insiders Place Their Bets

In other Walmart news, major shareholder Alice L. Walton sold 2,709,163 shares of the firm’s stock in a transaction dated 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 sale, the insider now owns 630,501,148 shares of the company’s stock, valued at $48,781,873,820.76. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In related news, EVP John D. Rainey sold 3,000 shares of the stock in a transaction that occurred on Thursday, August 1st. The stock was sold at an average price of $69.19, for a total value of $207,570.00. Following the transaction, the executive vice president now owns 387,165 shares of the company’s stock, valued at $26,787,946.35. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder Alice L. Walton sold 2,709,163 shares of Walmart 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 sale, the insider now directly owns 630,501,148 shares of the company’s stock, valued at approximately $48,781,873,820.76. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 12,337,337 shares of company stock valued at $958,267,901 over the last three months. 45.58% of the stock is owned by company insiders.

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.