Walmart Inc. (NYSE:WMT) Shares Sold by STAR Financial Bank

STAR Financial Bank cut its holdings in Walmart Inc. (NYSE:WMT) by 20.2% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 6,224 shares of the retailer’s stock after selling 1,580 shares during the period. STAR Financial Bank’s holdings in Walmart were worth $503,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in the business. WFA Asset Management Corp boosted its stake in Walmart by 201.0% during the first quarter. WFA Asset Management Corp now owns 2,092 shares of the retailer’s stock worth $126,000 after buying an additional 1,397 shares during the period. Dupont Capital Management Corp boosted its position in shares of Walmart by 165.4% during the 1st quarter. Dupont Capital Management Corp now owns 270,147 shares of the retailer’s stock worth $16,255,000 after purchasing an additional 168,346 shares during the period. Tiemann Investment Advisors LLC increased its holdings in Walmart by 186.8% in the 1st quarter. Tiemann Investment Advisors LLC now owns 12,218 shares of the retailer’s stock valued at $735,000 after purchasing an additional 7,958 shares during the last quarter. InterOcean Capital Group LLC raised its position in Walmart by 211.0% in the first quarter. InterOcean Capital Group LLC now owns 1,710,257 shares of the retailer’s stock valued at $102,906,000 after purchasing an additional 1,160,354 shares during the period. Finally, Natixis lifted its stake in Walmart by 96.7% during the first quarter. Natixis now owns 921,820 shares of the retailer’s stock worth $55,466,000 after purchasing an additional 453,101 shares in the last quarter. 26.76% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the company. Stifel Nicolaus boosted their price objective on Walmart from $85.00 to $89.00 and gave the company a “hold” rating in a report on Wednesday. Redburn Atlantic upgraded shares of Walmart to a “strong-buy” rating in a research note on Monday, September 23rd. JPMorgan Chase & Co. raised their price objective on shares of Walmart from $81.00 to $83.00 and gave the company an “overweight” rating in a research note on Friday, August 16th. Truist Financial upped their target price on shares of Walmart from $89.00 to $98.00 and gave the stock a “buy” rating in a research note on Wednesday. Finally, Melius Research initiated coverage on shares of Walmart in a research report on Monday, September 23rd. They issued a “buy” rating and a $95.00 price target for the company. One research analyst has rated the stock with a hold rating, twenty-nine have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of $91.51.

Insider Activity

In other Walmart news, EVP John R. Furner sold 13,125 shares of the business’s stock in a transaction 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 transaction, the executive vice president now directly owns 593,040 shares of the company’s stock, valued at approximately $49,198,598.40. The trade was a 2.17 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP John D. Rainey sold 3,000 shares of the firm’s stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $77.48, for a total transaction of $232,440.00. Following the completion of the sale, the executive vice president now owns 384,165 shares of the company’s stock, valued at $29,765,104.20. This trade represents a 0.77 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 12,337,337 shares of company stock valued at $958,823,647. Insiders own 45.58% of the company’s stock.

Walmart Trading Up 0.7 %

WMT opened at $87.18 on Thursday. The company has a quick ratio of 0.22, a current ratio of 0.85 and a debt-to-equity ratio of 0.56. Walmart Inc. has a 52 week low of $49.85 and a 52 week high of $88.29. The business’s 50 day moving average is $81.75 and its two-hundred day moving average is $73.43. The firm has a market cap of $700.77 billion, a price-to-earnings ratio of 35.78, a price-to-earnings-growth ratio of 4.33 and a beta of 0.51.

Walmart (NYSE:WMT) last announced its earnings results on Tuesday, November 19th. The retailer reported $0.58 EPS for the quarter, beating analysts’ consensus estimates of $0.53 by $0.05. Walmart had a net margin of 2.92% and a return on equity of 21.78%. The business had revenue of $169.59 billion for the quarter, compared to analysts’ expectations of $167.69 billion. The company’s quarterly revenue was up 5.5% on a year-over-year basis. During the same period in the previous year, the company posted $0.51 EPS. On average, research analysts predict that Walmart Inc. will post 2.43 EPS for the current year.

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.