Tidal Investments LLC cut its position in shares of Walmart Inc. (NYSE:WMT - Free Report) by 32.5% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 190,208 shares of the retailer's stock after selling 91,618 shares during the quarter. Tidal Investments LLC's holdings in Walmart were worth $15,359,000 at the end of the most recent quarter.
Several other large investors have also recently added to or reduced their stakes in the company. Peterson Financial Group Inc. bought a new stake in shares of Walmart during the third quarter valued at approximately $26,000. TruNorth Capital Management LLC increased its holdings in Walmart by 138.3% in the 2nd quarter. TruNorth Capital Management LLC now owns 429 shares of the retailer's stock valued at $29,000 after buying an additional 249 shares during the period. Cultivar Capital Inc. acquired a new position in shares of Walmart in the 2nd quarter valued at $29,000. Voisard Asset Management Group Inc. lifted its holdings in shares of Walmart by 77.3% during the 3rd quarter. Voisard Asset Management Group Inc. now owns 399 shares of the retailer's stock worth $32,000 after acquiring an additional 174 shares during the period. Finally, Hoese & Co LLP acquired a new stake in shares of Walmart during the 3rd quarter valued at about $33,000. Institutional investors and hedge funds own 26.76% of the company's stock.
Several research firms recently issued reports on WMT. Morgan Stanley increased their price target on shares of Walmart from $89.00 to $100.00 and gave the stock an "overweight" rating in a research report on Wednesday, November 20th. BMO Capital Markets boosted their price target on Walmart from $80.00 to $100.00 and gave the company an "outperform" rating in a research note on Monday, November 18th. Redburn Atlantic upgraded Walmart to a "strong-buy" rating in a research note on Monday, September 23rd. TD Cowen boosted their target price on shares of Walmart from $90.00 to $100.00 and gave the company a "buy" rating in a research note on Wednesday, November 20th. Finally, Sanford C. Bernstein increased their target price on shares of Walmart from $98.00 to $102.00 and gave the stock an "outperform" rating in a research report on Wednesday, November 20th. Two equities research analysts have rated the stock with a hold rating, twenty-nine have assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $92.40.
Read Our Latest Report on WMT
In other news, major shareholder S Robson Walton sold 1,804,000 shares of the stock in a transaction on Tuesday, September 17th. The shares were sold at an average price of $79.18, for a total transaction of $142,840,720.00. Following the completion of the sale, the insider now owns 605,979,318 shares of the company's stock, valued at $47,981,442,399.24. This represents a 0.30 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP John D. Rainey sold 3,000 shares of the business's stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $92.47, for a total value of $277,410.00. Following the completion of the sale, the executive vice president now owns 375,165 shares in the company, valued at approximately $34,691,507.55. This trade represents a 0.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 2,309,091 shares of company stock worth $183,375,539 in the last quarter. Corporate insiders own 45.58% of the company's stock.
Shares of Walmart stock traded down $0.07 on Thursday, hitting $94.89. 1,851,158 shares of the company's stock traded hands, compared to its average volume of 16,866,652. The firm's 50-day moving average price is $85.56 and its two-hundred day moving average price is $76.62. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.85 and a quick ratio of 0.23. The stock has a market capitalization of $762.29 billion, a PE ratio of 38.98, a price-to-earnings-growth ratio of 4.49 and a beta of 0.54. Walmart Inc. has a one year low of $50.21 and a one year high of $96.18.
Walmart (NYSE:WMT - Get Free Report) last released its earnings results on Tuesday, November 19th. The retailer reported $0.58 earnings per share for the quarter, beating the consensus estimate of $0.53 by $0.05. The firm had revenue of $169.59 billion for the quarter, compared to analyst estimates of $167.69 billion. Walmart had a return on equity of 21.78% and a net margin of 2.92%. The company's quarterly revenue was up 5.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.51 earnings per share. On average, research analysts expect that Walmart Inc. will post 2.47 EPS for the current fiscal year.
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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