Caprock Group LLC Lowers Position in Walmart Inc. (NYSE:WMT)

Caprock Group LLC lowered its stake in shares of Walmart Inc. (NYSE:WMT) by 5.3% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 121,910 shares of the retailer’s stock after selling 6,802 shares during the period. Caprock Group LLC’s holdings in Walmart were worth $9,844,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the stock. EntryPoint Capital LLC purchased a new stake in Walmart during the first quarter valued at about $25,000. Peterson Financial Group Inc. purchased a new position in shares of Walmart in the 3rd quarter valued at $26,000. TruNorth Capital Management LLC boosted its position in Walmart by 138.3% during the 2nd quarter. TruNorth Capital Management LLC now owns 429 shares of the retailer’s stock worth $29,000 after purchasing an additional 249 shares during the period. Cultivar Capital Inc. purchased a new position in Walmart in the second quarter valued at about $29,000. Finally, FSA Wealth Management LLC boosted its position in shares of Walmart by 253.0% in the first quarter. FSA Wealth Management LLC now owns 526 shares of the retailer’s stock worth $32,000 after buying an additional 377 shares during the period. Institutional investors and hedge funds own 26.76% of the company’s stock.

Walmart Stock Performance

WMT opened at $84.09 on Tuesday. 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 company has a market capitalization of $675.94 billion, a price-to-earnings ratio of 43.80, a P/E/G ratio of 4.20 and a beta of 0.51. The business’s 50-day moving average price is $81.43 and its two-hundred day moving average price is $73.15. Walmart Inc. has a 1 year low of $49.85 and a 1 year high of $85.79.

Insider Activity at Walmart

In other news, EVP John R. Furner sold 13,125 shares of Walmart stock in a transaction that occurred on Thursday, October 24th. The stock was sold at an average price of $82.96, for a total transaction of $1,088,850.00. Following the completion of the transaction, the executive vice president now directly owns 593,040 shares in the company, valued at approximately $49,198,598.40. The trade was a 2.17 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, major shareholder Alice L. Walton sold 2,709,163 shares of the company’s stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $77.37, for a total transaction of $209,607,941.31. Following the completion of the transaction, the insider now owns 630,501,148 shares in the company, valued at $48,781,873,820.76. This trade represents a 0.43 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 12,337,337 shares of company stock valued at $958,823,647. Corporate insiders own 45.58% of the company’s stock.

Analyst Ratings Changes

WMT has been the topic of several analyst reports. The Goldman Sachs Group raised their target price 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. Piper Sandler lifted their price objective on Walmart from $83.00 to $93.00 and gave the stock an “overweight” rating in a report on Monday. Morgan Stanley increased their target price on Walmart from $82.00 to $89.00 and gave the company an “overweight” rating in a research note on Tuesday, November 12th. Finally, Telsey Advisory Group reissued an “outperform” rating and issued a $92.00 target price on shares of Walmart in a research report on Wednesday, November 13th. One equities research analyst has rated the stock with a hold rating, twenty-eight have given a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of $86.71.

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.