Brown Brothers Harriman & Co. Lowers Holdings in Walmart Inc. (NYSE:WMT)

Brown Brothers Harriman & Co. decreased its stake in Walmart Inc. (NYSE:WMT) by 3.6% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 188,797 shares of the retailer’s stock after selling 6,967 shares during the quarter. Brown Brothers Harriman & Co.’s holdings in Walmart were worth $12,783,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. EntryPoint Capital LLC purchased a new stake in shares of Walmart in the first quarter worth about $25,000. Northwest Capital Management Inc raised its holdings in Walmart by 199.3% in the 1st quarter. Northwest Capital Management Inc now owns 440 shares of the retailer’s stock worth $26,000 after purchasing an additional 293 shares during the period. TruNorth Capital Management LLC raised its holdings in Walmart by 138.3% in 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. acquired a new position in Walmart in the 2nd quarter worth about $29,000. Finally, Able Wealth Management LLC acquired a new position in Walmart in the 4th quarter worth about $30,000. Hedge funds and other institutional investors own 26.76% of the company’s stock.

Walmart Stock Up 1.2 %

WMT opened at $80.60 on Monday. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.22 and a current ratio of 0.80. Walmart Inc. has a one year low of $49.85 and a one year high of $80.68. The business’s 50-day simple moving average is $72.51 and its 200-day simple moving average is $66.18. The stock has a market capitalization of $647.88 billion, a P/E ratio of 34.49, a price-to-earnings-growth ratio of 3.99 and a beta of 0.51.

Walmart (NYSE:WMT) last announced 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. Walmart had a return on equity of 21.72% and a net margin of 2.34%. The company had revenue of $169.30 billion for the quarter, compared to analyst estimates of $168.56 billion. During the same quarter in the previous year, the company earned $0.61 EPS. The firm’s revenue for the quarter was up 4.7% compared to the same quarter last year. Analysts anticipate that Walmart Inc. will post 2.44 EPS for the current year.

Insider Buying and Selling at Walmart

In other Walmart news, EVP Daniel J. Bartlett sold 2,398 shares of Walmart stock in a transaction that occurred on Monday, July 15th. The stock was sold at an average price of $69.50, for a total value of $166,661.00. Following the sale, the executive vice president now owns 463,871 shares of the company’s stock, valued at approximately $32,239,034.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, EVP Daniel J. Bartlett sold 2,398 shares of Walmart stock in a transaction that occurred on Monday, July 15th. The stock was sold at an average price of $69.50, for a total transaction of $166,661.00. Following the completion of the transaction, the executive vice president now directly owns 463,871 shares in the company, valued at approximately $32,239,034.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP David Chojnowski sold 8,791 shares of Walmart stock in a transaction that occurred on Wednesday, June 26th. The stock was 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 disclosure for this sale can be found here. In the last 90 days, insiders have sold 10,203,360 shares of company stock valued at $788,678,803. 45.58% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the company. HSBC upped their price target on Walmart from $70.00 to $81.00 and gave the stock a “buy” rating in a report on Tuesday, June 11th. Stifel Nicolaus upped their price target on Walmart from $71.00 to $73.00 and gave the stock a “hold” rating in a report on Tuesday, August 13th. UBS Group upped their price target on Walmart from $74.00 to $81.00 and gave the stock a “buy” rating in a report on Friday, August 16th. Oppenheimer increased their target price on Walmart from $69.00 to $75.00 and gave the company an “outperform” rating in a report on Thursday, June 6th. Finally, Truist Financial increased their target price on Walmart from $64.00 to $76.00 and gave the company a “hold” rating in a report on Friday, August 16th. Two research analysts have rated the stock with a hold rating, twenty-six have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $78.99.

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.