Walmart Inc. (NYSE:WMT) Stock Position Decreased by Inscription Capital LLC

Inscription Capital LLC lessened its holdings in shares of Walmart Inc. (NYSE:WMT) by 0.3% in the third quarter, Holdings Channel.com reports. The institutional investor owned 89,944 shares of the retailer’s stock after selling 255 shares during the quarter. Walmart makes up 1.1% of Inscription Capital LLC’s portfolio, making the stock its 18th largest holding. Inscription Capital LLC’s holdings in Walmart were worth $7,263,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Liberty Wealth Management LLC bought a new position in Walmart in the 1st quarter worth about $270,000. Commerce Bank grew its position in Walmart by 189.4% in the 1st quarter. Commerce Bank now owns 917,625 shares of the retailer’s stock worth $55,213,000 after purchasing an additional 600,521 shares during the last quarter. Envestnet Portfolio Solutions Inc. grew its position in Walmart by 290.7% in the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 270,065 shares of the retailer’s stock worth $16,250,000 after purchasing an additional 200,947 shares during the last quarter. Private Advisor Group LLC grew its position in Walmart by 189.4% in the 1st quarter. Private Advisor Group LLC now owns 643,848 shares of the retailer’s stock worth $38,740,000 after purchasing an additional 421,366 shares during the last quarter. Finally, Sustainable Insight Capital Management LLC bought a new position in Walmart in the 1st quarter worth about $723,000. Institutional investors own 26.76% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the stock. Tigress Financial upped their target price on shares of Walmart from $75.00 to $86.00 and gave the stock a “buy” rating in a research report on Tuesday, July 23rd. KeyCorp upped their price target on shares of Walmart from $86.00 to $87.00 and gave the stock an “overweight” rating in a research note on Monday. Piper Sandler reaffirmed an “overweight” rating and issued a $83.00 price target (up from $81.00) on shares of Walmart in a research note on Friday, August 16th. Sanford C. Bernstein assumed coverage on shares of Walmart in a research note on Tuesday, October 22nd. They issued an “outperform” rating and a $95.00 price target for the company. Finally, Royal Bank of Canada upped their price target on shares of Walmart from $74.00 to $80.00 and gave the stock an “outperform” rating in a research note on Friday, August 16th. One research analyst has rated the stock with a hold rating, twenty-nine have given a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, Walmart presently has a consensus rating of “Buy” and a consensus price target of $83.54.

Insider Buying and Selling at Walmart

In other Walmart news, major shareholder Alice L. Walton sold 2,709,163 shares of the stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $77.37, for a total value of $209,607,941.31. Following the completion of the sale, the insider now directly owns 630,501,148 shares of the company’s stock, valued at $48,781,873,820.76. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other Walmart news, major shareholder Alice L. Walton sold 2,375,563 shares of the stock in a transaction on Thursday, September 5th. The shares were sold at an average price of $76.96, for a total value of $182,823,328.48. Following the completion of the sale, the insider now directly owns 619,646,544 shares of the company’s stock, valued at $47,687,998,026.24. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, major shareholder Alice L. Walton sold 2,709,163 shares of the firm’s stock in a transaction dated Tuesday, September 3rd. The stock was 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 of the company’s stock, valued at $48,781,873,820.76. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 12,337,337 shares of company stock valued at $958,784,857 in the last ninety days. Company insiders own 45.58% of the company’s stock.

Walmart Stock Performance

NYSE:WMT traded up $0.16 during midday trading on Monday, reaching $82.67. The stock had a trading volume of 718,121 shares, compared to its average volume of 16,910,213. Walmart Inc. has a 1-year low of $49.85 and a 1-year high of $83.34. The firm’s fifty day simple moving average is $79.09 and its 200-day simple moving average is $70.47. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.80 and a quick ratio of 0.22. The stock has a market capitalization of $664.52 billion, a P/E ratio of 42.97, a PEG ratio of 4.13 and a beta of 0.51.

Walmart (NYSE:WMT) last issued its quarterly earnings results 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 net margin of 2.34% and a return on equity of 21.72%. The firm had revenue of $169.30 billion during the quarter, compared to the consensus estimate of $168.56 billion. During the same period in the prior year, the firm earned $0.61 EPS. The business’s revenue was up 4.7% on a year-over-year basis. On average, equities research analysts forecast that Walmart Inc. will post 2.44 EPS for the current fiscal year.

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.