Crewe Advisors LLC Sells 321 Shares of Walmart Inc. (NYSE:WMT)

Crewe Advisors LLC decreased its position in shares of Walmart Inc. (NYSE:WMT) by 3.7% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 8,292 shares of the retailer’s stock after selling 321 shares during the quarter. Crewe Advisors LLC’s holdings in Walmart were worth $670,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of WMT. Legal & General Group Plc boosted its position in shares of Walmart by 1.8% during the 2nd quarter. Legal & General Group Plc now owns 36,282,740 shares of the retailer’s stock valued at $2,456,704,000 after purchasing an additional 644,353 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in shares of Walmart by 1.1% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 31,236,769 shares of the retailer’s stock worth $2,522,369,000 after buying an additional 350,881 shares in the last quarter. Jennison Associates LLC grew its position in shares of Walmart by 479.6% during the 3rd quarter. Jennison Associates LLC now owns 18,479,259 shares of the retailer’s stock worth $1,492,200,000 after buying an additional 15,290,936 shares during the period. Raymond James & Associates increased its stake in shares of Walmart by 3.0% in the 3rd quarter. Raymond James & Associates now owns 16,766,325 shares of the retailer’s stock valued at $1,353,881,000 after acquiring an additional 484,196 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its holdings in Walmart by 5.4% in the second quarter. Dimensional Fund Advisors LP now owns 16,184,945 shares of the retailer’s stock worth $1,095,946,000 after purchasing an additional 834,005 shares during the period. Institutional investors and hedge funds own 26.76% of the company’s stock.

Insider Transactions at Walmart

In other news, EVP Daniel J. Bartlett sold 2,063 shares of the business’s stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $80.76, for a total value of $166,607.88. Following the sale, the executive vice president now owns 459,558 shares of the company’s stock, valued at $37,113,904.08. The trade was a 0.45 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP John D. Rainey sold 3,000 shares of the firm’s stock in a transaction that occurred on Friday, November 1st. The stock was sold at an average price of $82.12, for a total transaction of $246,360.00. Following the completion of the transaction, the executive vice president now directly owns 378,165 shares of the company’s stock, valued at approximately $31,054,909.80. This trade represents a 0.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 12,337,337 shares of company stock worth $958,823,647. 45.58% of the stock is owned by company insiders.

Walmart Stock Up 2.3 %

Walmart stock opened at $90.44 on Friday. The firm has a 50 day moving average price of $82.12 and a 200-day moving average price of $73.84. 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 twelve month low of $49.85 and a twelve month high of $90.91. The company has a market capitalization of $726.98 billion, a P/E ratio of 37.12, a P/E/G ratio of 4.30 and a beta of 0.51.

Walmart (NYSE:WMT) last posted its quarterly earnings data on Tuesday, November 19th. The retailer reported $0.58 EPS for the quarter, beating the consensus estimate of $0.53 by $0.05. Walmart had a return on equity of 21.78% and a net margin of 2.92%. The business had revenue of $169.59 billion for the quarter, compared to the consensus estimate of $167.69 billion. During the same quarter in the prior year, the business earned $0.51 earnings per share. Walmart’s revenue for the quarter was up 5.5% on a year-over-year basis. As a group, equities analysts predict that Walmart Inc. will post 2.47 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on WMT shares. Melius Research assumed coverage on shares of Walmart in a research report on Monday, September 23rd. They set a “buy” rating and a $95.00 price objective on the stock. Truist Financial increased their price target on Walmart from $89.00 to $98.00 and gave the stock a “buy” rating in a report on Wednesday. Deutsche Bank Aktiengesellschaft boosted their price objective on Walmart from $77.00 to $83.00 and gave the company a “buy” rating in a report on Friday, August 16th. Robert W. Baird increased their target price on Walmart from $90.00 to $100.00 and gave the stock an “outperform” rating in a report on Wednesday. Finally, JPMorgan Chase & Co. boosted their price target 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. Two research analysts have rated the stock with a hold rating, twenty-nine have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Walmart presently has an average rating of “Moderate Buy” and an average target price of $91.88.

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.