Sentry Investment Management LLC Has $1.58 Million Holdings in Walmart Inc. (NYSE:WMT)

Sentry Investment Management LLC trimmed its position in shares of Walmart Inc. (NYSE:WMT) by 4.1% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 19,609 shares of the retailer’s stock after selling 846 shares during the period. Walmart makes up approximately 0.7% of Sentry Investment Management LLC’s investment portfolio, making the stock its 23rd largest position. Sentry Investment Management LLC’s holdings in Walmart were worth $1,583,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the company. Investment Advisory Group LLC raised its stake in Walmart by 2.1% during the third quarter. Investment Advisory Group LLC now owns 6,182 shares of the retailer’s stock worth $499,000 after acquiring an additional 126 shares in the last quarter. Professional Financial Advisors LLC increased its position in Walmart by 0.6% during the 3rd quarter. Professional Financial Advisors LLC now owns 21,839 shares of the retailer’s stock worth $1,763,000 after purchasing an additional 137 shares in the last quarter. Inspire Advisors LLC lifted its stake in Walmart by 2.1% in the 3rd quarter. Inspire Advisors LLC now owns 6,677 shares of the retailer’s stock valued at $539,000 after purchasing an additional 137 shares during the last quarter. Creative Financial Designs Inc. ADV grew its stake in shares of Walmart by 2.0% during the third quarter. Creative Financial Designs Inc. ADV now owns 6,987 shares of the retailer’s stock worth $564,000 after buying an additional 137 shares during the last quarter. Finally, Trust Co of the South increased its holdings in shares of Walmart by 0.5% during the third quarter. Trust Co of the South now owns 25,647 shares of the retailer’s stock worth $2,071,000 after buying an additional 138 shares in the last quarter. 26.76% of the stock is owned by institutional investors.

Insider Transactions at Walmart

In related news, EVP John R. Furner sold 13,125 shares of the firm’s stock in a transaction that occurred on Thursday, October 24th. The shares were sold at an average price of $82.96, for a total value of $1,088,850.00. Following the completion of the transaction, the executive vice president now directly owns 593,040 shares of the company’s stock, valued at approximately $49,198,598.40. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, EVP Daniel J. Bartlett sold 2,063 shares of the firm’s stock in a transaction 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 of the company’s stock, valued at $37,113,904.08. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP John R. Furner sold 13,125 shares of the firm’s stock in a transaction on Thursday, October 24th. The stock was sold at an average price of $82.96, for a total value of $1,088,850.00. Following the completion of the transaction, the executive vice president now directly owns 593,040 shares of the company’s stock, valued at $49,198,598.40. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 12,334,337 shares of company stock worth $958,577,287 over the last quarter. Corporate insiders own 45.58% of the company’s stock.

Walmart Stock Up 0.3 %

Shares of NYSE:WMT opened at $82.45 on Tuesday. The company has a market capitalization of $662.75 billion, a PE ratio of 42.87, a price-to-earnings-growth ratio of 4.12 and a beta of 0.51. Walmart Inc. has a 1 year low of $49.85 and a 1 year high of $83.34. 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 has a fifty day moving average price of $79.93 and a two-hundred day moving average price of $71.41.

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

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on WMT. Citigroup raised their price objective on Walmart from $75.00 to $98.00 and gave the company a “buy” rating in a report on Friday, September 27th. Robert W. Baird upped their price objective on Walmart from $82.00 to $90.00 and gave the company an “outperform” rating in a research note on Monday, September 30th. DA Davidson lifted their target price on shares of Walmart from $75.00 to $85.00 and gave the stock a “buy” rating in a research report on Friday, August 16th. Wells Fargo & Company boosted their target price on shares of Walmart from $88.00 to $90.00 and gave the stock an “overweight” rating in a report on Thursday, October 31st. Finally, Truist Financial raised Walmart from a “hold” rating to a “buy” rating and lifted their target price for the stock from $76.00 to $89.00 in a 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 given a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of $83.89.

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.