Walmart Inc. (NYSE:WMT) Position Reduced by Augustine Asset Management Inc.

Augustine Asset Management Inc. trimmed its stake in shares of Walmart Inc. (NYSE:WMT) by 3.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 14,231 shares of the retailer’s stock after selling 569 shares during the quarter. Augustine Asset Management Inc.’s holdings in Walmart were worth $1,286,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in WMT. Jennison Associates LLC boosted its stake in Walmart by 479.6% during the 3rd quarter. Jennison Associates LLC now owns 18,479,259 shares of the retailer’s stock valued at $1,492,200,000 after acquiring an additional 15,290,936 shares during the last quarter. FMR LLC boosted its stake in Walmart by 12.9% during the 3rd quarter. FMR LLC now owns 63,135,639 shares of the retailer’s stock valued at $5,098,203,000 after acquiring an additional 7,200,004 shares during the last quarter. International Assets Investment Management LLC boosted its stake in Walmart by 8,814.4% during the 3rd quarter. International Assets Investment Management LLC now owns 6,963,218 shares of the retailer’s stock valued at $562,280,000 after acquiring an additional 6,885,106 shares during the last quarter. Geode Capital Management LLC boosted its stake in Walmart by 3.3% during the 3rd quarter. Geode Capital Management LLC now owns 87,617,409 shares of the retailer’s stock valued at $7,048,465,000 after acquiring an additional 2,786,061 shares during the last quarter. Finally, Fisher Asset Management LLC boosted its stake in Walmart by 4.6% during the 3rd quarter. Fisher Asset Management LLC now owns 47,659,844 shares of the retailer’s stock valued at $3,848,533,000 after acquiring an additional 2,107,197 shares during the last quarter. 26.76% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, EVP Daniel J. Bartlett sold 1,830 shares of the stock in a transaction on Wednesday, January 15th. The stock was sold at an average price of $91.07, for a total value of $166,658.10. Following the completion of the transaction, the executive vice president now owns 460,705 shares in the company, valued at $41,956,404.35. This trade represents a 0.40 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Robert Edward Jr. Moritz acquired 5,446 shares of the business’s stock in a transaction on Wednesday, November 27th. The shares were bought at an average price of $91.81 per share, for a total transaction of $499,997.26. Following the acquisition, the director now owns 7,805 shares in the company, valued at approximately $716,577.05. This trade represents a 230.86 % increase in their position. The disclosure for this purchase can be found here. Insiders have sold 175,177 shares of company stock worth $16,403,728 in the last three months. 45.58% of the stock is currently owned by insiders.

Walmart Stock Performance

NYSE:WMT opened at $103.62 on Thursday. The company has a 50-day moving average of $94.45 and a 200-day moving average of $84.82. The firm has a market cap of $832.42 billion, a price-to-earnings ratio of 42.53, a price-to-earnings-growth ratio of 4.25 and a beta of 0.55. The company has a current ratio of 0.85, a quick ratio of 0.23 and a debt-to-equity ratio of 0.42. Walmart Inc. has a twelve month low of $55.85 and a twelve month high of $103.90.

Walmart (NYSE:WMT) last issued its earnings results on Tuesday, November 19th. The retailer reported $0.58 earnings per share for the quarter, topping analysts’ consensus estimates of $0.53 by $0.05. The firm had revenue of $169.59 billion during the quarter, compared to analysts’ expectations of $167.69 billion. Walmart had a net margin of 2.92% and a return on equity of 21.78%. The firm’s revenue for the quarter was up 5.5% compared to the same quarter last year. During the same period last year, the firm posted $0.51 earnings per share. Analysts forecast that Walmart Inc. will post 2.48 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on WMT. Morgan Stanley increased their target price on shares of Walmart from $100.00 to $106.00 and gave the stock an “overweight” rating in a report on Tuesday, January 21st. Bank of America increased their target price on shares of Walmart from $95.00 to $105.00 and gave the stock a “buy” rating in a report on Wednesday, November 20th. Barclays increased their target price on shares of Walmart from $90.00 to $98.00 and gave the stock an “overweight” rating in a report on Thursday, January 9th. KeyCorp increased their target price on shares of Walmart from $96.00 to $100.00 and gave the stock an “overweight” rating in a report on Wednesday, December 11th. Finally, Truist Financial increased their target price on shares of Walmart from $98.00 to $111.00 and gave the stock a “buy” rating in a report on Tuesday. Two equities research analysts have rated the stock with a hold rating, twenty-nine have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $98.56.

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.