Walmart Inc. (NYSE:WMT) Shares Sold by Live Oak Investment Partners

Live Oak Investment Partners cut its stake in Walmart Inc. (NYSE:WMT) by 4.2% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 7,278 shares of the retailer’s stock after selling 321 shares during the period. Live Oak Investment Partners’ holdings in Walmart were worth $588,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also made changes to their positions in the stock. Investment Advisory Group LLC raised its stake in shares of Walmart by 2.1% in the third quarter. Investment Advisory Group LLC now owns 6,182 shares of the retailer’s stock valued at $499,000 after acquiring an additional 126 shares in the last quarter. Jag Capital Management LLC raised its stake in shares of Walmart by 1.4% in the third quarter. Jag Capital Management LLC now owns 9,413 shares of the retailer’s stock valued at $760,000 after acquiring an additional 132 shares in the last quarter. Professional Financial Advisors LLC raised its stake in shares of Walmart by 0.6% in the third quarter. Professional Financial Advisors LLC now owns 21,839 shares of the retailer’s stock valued at $1,763,000 after acquiring an additional 137 shares in the last quarter. Inspire Advisors LLC raised its stake in shares of Walmart by 2.1% in the third quarter. Inspire Advisors LLC now owns 6,677 shares of the retailer’s stock valued at $539,000 after acquiring an additional 137 shares in the last quarter. Finally, Creative Financial Designs Inc. ADV raised its stake in shares of Walmart by 2.0% in the third quarter. Creative Financial Designs Inc. ADV now owns 6,987 shares of the retailer’s stock valued at $564,000 after acquiring an additional 137 shares in the last quarter. 26.76% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Walmart

In other news, major shareholder Alice L. Walton sold 2,709,163 shares of Walmart stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $77.37, for a total transaction of $209,607,941.31. Following the sale, the insider now directly owns 630,501,148 shares in the company, valued at approximately $48,781,873,820.76. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, major shareholder Alice L. Walton sold 2,709,163 shares of the company’s stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $77.37, for a total transaction of $209,607,941.31. Following the transaction, the insider now directly owns 630,501,148 shares in the company, valued at approximately $48,781,873,820.76. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, major shareholder Alice L. Walton sold 2,375,563 shares of the company’s stock in a transaction that occurred on Thursday, September 5th. The stock was sold at an average price of $76.96, for a total transaction of $182,823,328.48. Following the transaction, the insider now owns 619,646,544 shares in the company, valued at $47,687,998,026.24. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 12,337,337 shares of company stock worth $958,823,647. 45.58% of the stock is currently owned by company insiders.

Walmart Stock Up 1.0 %

WMT stock opened at $85.01 on Wednesday. Walmart Inc. has a 12-month low of $49.85 and a 12-month high of $85.54. 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 company has a market cap of $683.33 billion, a price-to-earnings ratio of 44.20, a PEG ratio of 4.21 and a beta of 0.51. The company has a 50 day moving average of $80.67 and a two-hundred day moving average of $72.27.

Walmart (NYSE:WMT) last released its earnings results on Thursday, August 15th. The retailer reported $0.67 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.65 by $0.02. Walmart had a net margin of 2.34% and a return on equity of 21.72%. The company had revenue of $169.30 billion during the quarter, compared to the consensus estimate of $168.56 billion. During the same quarter in the prior year, the firm earned $0.61 EPS. The company’s revenue was up 4.7% compared to the same quarter last year. On average, equities analysts anticipate that Walmart Inc. will post 2.44 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on WMT. The Goldman Sachs Group raised their price target on Walmart from $73.00 to $81.00 and gave the company a “buy” rating in a research note on Friday, August 16th. Roth Mkm lifted their price objective on Walmart from $71.00 to $81.00 and gave the company a “buy” rating in a report on Friday, August 16th. Barclays lifted their price target on shares of Walmart from $66.00 to $78.00 and gave the company an “overweight” rating in a research report on Friday, August 16th. Piper Sandler restated an “overweight” rating and set a $83.00 price objective (up from $81.00) on shares of Walmart in a research report on Friday, August 16th. Finally, JPMorgan Chase & Co. lifted their price objective on Walmart from $81.00 to $83.00 and gave the stock an “overweight” rating in a research report on Friday, August 16th. One research analyst has rated the stock with a hold rating, twenty-nine have issued a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, Walmart currently has an average rating of “Buy” and a consensus price target of $84.15.

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.