12 hours Ago By Defense World Staff
Sienna Gestion trimmed its position in Walmart Inc. ( NYSE:WMT – Free Report ) by 91.5% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC).
The institutional investor owned 9,806 shares of the retailer’s stock after selling 105,694 shares during the period. Sienna Gestion’s holdings in Walmart were worth $664,000 at the end of the most recent quarter. A number of other institutional investors have also added to or reduced their stakes in the company.
Able Wealth Management LLC acquired a new position in shares of Walmart during the fourth quarter worth approximately $30,000. Vermillion & White Wealth Management Group LLC acquired a new position in Walmart during the fourth quarter worth $32,000. Tidemark LLC bought a new position in shares of Walmart in the fourth quarter valued at $37,000.
Frank Rimerman Advisors LLC acquired a new position in shares of Walmart during the fourth quarter valued at about $48,000. Finally, EntryPoint Capital LLC acquired a new position in shares of Walmart during the first quarter valued at about $25,000. 26.
76% of the stock is owned by institutional investors and hedge funds. Analyst Upgrades and Downgrades WMT has been the topic of several recent research reports. Oppenheimer raised their price target on shares of Walmart from $69.
00 to $75.00 and gave the company an “outperform” rating in a research report on Thursday, June 6th. Telsey Advisory Group raised their target price on Walmart from $75.
00 to $82.00 and gave the company an “outperform” rating in a report on Friday, August 16th. Barclays lifted their target price on Walmart from $66.
00 to $78.00 and gave the company an “overweight” rating in a research report on Friday, August 16th. Stifel Nicolaus increased their price target on Walmart from $71.
00 to $73.00 and gave the company a “hold” rating in a research report on Tuesday, August 13th. Finally, Truist Financial lifted their price objective on shares of Walmart from $64.
00 to $76.00 and gave the stock a “hold” rating in a report on Friday, August 16th. Two equities research analysts have rated the stock with a hold rating, twenty-six have assigned a buy rating and one has given a strong buy rating to the company’s stock.
According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $78.99. Walmart Price Performance Shares of NYSE:WMT opened at $79.
03 on Thursday. The company has a 50-day moving average price of $73.07 and a two-hundred day moving average price of $66.
57. Walmart Inc. has a twelve month low of $49.
85 and a twelve month high of $81.02. The company has a quick ratio of 0.
22, a current ratio of 0.80 and a debt-to-equity ratio of 0.46.
The firm has a market capitalization of $635.68 billion, a PE ratio of 33.77, a P/E/G ratio of 4.
03 and a beta of 0.51. Walmart ( NYSE:WMT – Get Free Report ) last released its quarterly earnings data on Thursday, August 15th.
The retailer reported $0.67 earnings per share for the quarter, beating analysts’ consensus estimates 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 revenue was up 4.7% compared to the same quarter last year.
During the same period in the previous year, the business earned $0.61 EPS. Equities analysts forecast that Walmart Inc.
will post 2.44 EPS for the current year. Insiders Place Their Bets In other news, EVP John D.
Rainey sold 25,578 shares of the company’s stock in a transaction dated Monday, July 1st. The stock was sold at an average price of $67.58, for a total transaction of $1,728,561.
24. Following the sale, the executive vice president now directly owns 390,165 shares in the company, valued at $26,367,350.70.
The sale was disclosed in a document filed with the SEC, which is available at this link . In other news, SVP David Chojnowski sold 8,791 shares of the company’s stock in a transaction on Wednesday, June 26th. The shares were sold at an average price of $68.
00, for a total value of $597,788.00. Following the transaction, the senior vice president now owns 94,415 shares of the company’s stock, valued at $6,420,220.
The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website . Also, EVP John D. Rainey sold 25,578 shares of Walmart stock in a transaction on Monday, July 1st.
The shares were sold at an average price of $67.58, for a total value of $1,728,561.24.
Following the sale, the executive vice president now directly owns 390,165 shares of the company’s stock, valued at approximately $26,367,350.70. The disclosure for this sale can be found here .
Insiders sold a total of 10,205,423 shares of company stock worth $788,845,411 in the last quarter. 45.58% of the stock is owned by company insiders.
Walmart Profile ( Free Report ) 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.
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