Sumitomo Mitsui Trust Holdings announced it reduced its stake in Walmart stock (NYSE:WMT – Free Report) by 11.5% in the second quarter, according to the company’s latest 13F filing with the Securities and Exchange Commission (SEC). . . The fund now owns 4,523,506 shares of the company’s stock after selling 588,343 shares during the quarter. Walmart holds about 0.6% of Sumitomo Mitsui Trust Holdings, making it the company’s 25th largest shareholder. Sumitomo Mitsui Trust Holdings held 0.17% of Walmart shares, valued at $711.05 million, at the end of the most recent reporting period.
A number of other institutional investors have also recently added to or reduced their stakes in WMT. Signature Wealth Management Group grew its position in Walmart by 1.9% in the second quarter. Signature Wealth Management Group now owns 3,436 shares of the company’s stock worth $540,000 after purchasing an additional 65 shares during the last quarter. Carmel Capital Partners LLC increased its position in shares of Walmart by 3.7% during the 2nd quarter. Carmel Capital Partners LLC now owns 1,818 shares of the company’s stock valued at $286,000 after purchasing an additional 65 shares in the last quarter. Verdence Capital Advisors LLC boosted its position in shares of Walmart by 1.1% in the 2nd quarter. Verdence Capital Advisors LLC now owns 5,976 shares of the company’s stock valued at $939,000 after purchasing an additional 65 shares in the last quarter. Wealth Architects LLC increased its position in shares of Walmart by 3.3% in the 1st quarter. Wealth Architects LLC now owns 2,076 shares of the retailer’s stock valued at $306,000 after purchasing an additional 66 shares in the last quarter. Finally, Bluesphere Advisors LLC increased its position in shares of Walmart by 3.5% during the 1st quarter. Bluesphere Advisors LLC now owns 2,003 shares of the company’s stock worth $295,000 after purchasing an additional 67 shares in the last quarter. Currently, 33.18% of the stock is held by institutional investors.
Walmart price performance
NYSE:WMT rose $0.88 during Friday trading to $159.83. The company’s stock had a trading volume of 4,603,628 shares and an average trading volume of 5,895,723 shares. The company’s current ratio is 0.83x, quick ratio is 0.26x, and debt-to-equity ratio is 0.50x. The stock’s 50-day moving average is $160.63 and its 200-day moving average is $155.50. Walmart has a 52-week low of $130.05 and a 52-week high of $165.85. The company has a market capitalization of $430.19 billion, a price-to-earnings ratio of 30.74x, a P/E ratio of 3.68x, and a beta of 0.49x.
Walmart (NYSE:WMT – Get Free Report) last released its quarterly earnings data on Thursday, August 17th. The company reported $1.84 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.69 by $0.15. Walmart’s return on equity was 21.47% and its net profit margin was 2.23%. The company had revenue of $161.63 billion for the quarter, compared to analyst estimates of $160.22 billion. The company’s earnings per share for the same period last year were $1.77. The business’s revenue for the quarter increased 5.7% compared to the same period last year. As a group, equity analysts expect Walmart’s EPS for the current fiscal year to be 6.44.
Wall Street Analysts Share Their Opinions
Several equity research analysts have recently given their opinions on the company. Bank of America increased their target price on Walmart from $175.00 to $190.00 in a research note on Wednesday, August 9th. Royal Bank of Canada increased their target price on shares of Walmart from $165.00 to $168.00 and gave the stock an “outperform” rating in a report on Friday, August 18th. Jefferies Financial Group increased their target price on Walmart from $175.00 to $190.00 and gave the stock a “buy” rating in a research report on Wednesday, August 2nd. Trust Financial upped their target price on Walmart from $166.00 to $168.00 and gave the stock a “hold” rating in a research report on Friday, August 18th. Finally, Piper Sandler reaffirmed an “overweight” rating and set a $210.00 target price on shares of Walmart in a research report on Wednesday, September 27th. 4 research analysts have rated the stock with a hold rating, 30 have given a buy rating, and 1 has given a strong buy rating to the stock. Based on MarketBeat data, Walmart has a consensus rating of “fair buy” and a consensus price target of $177.22.
Get the latest stock analysis for Walmart
Insider trading at Walmart
In other news, CEO C Douglas Mcmillon sold 9,708 shares of the company’s stock in a transaction on Thursday, July 27th. The shares were sold at an average price of $159.58, for a total transaction of $1,549,202.64. Following the completion of the sale, the CEO now owns 1,480,924 shares of the company’s stock, valued at $236,325,851.92. The transaction was disclosed in his SEC filing, which can be accessed through this link. In other news, EVP John D. Rainey sold 1,000 shares of the company’s stock in a transaction on Tuesday, August 1st. The stock was sold at an average price of $159.48, for a total value of $159,480.00. Following the completion of the sale, the executive vice president will now directly own 170,735 shares of the company’s stock, valued at $27,228,817.80. The sale was disclosed in his SEC filing, which can be accessed through this link. Also, CEO, C. Douglas McMillon sold 9,708 shares of the company’s stock in a transaction on Thursday, July 27th. The shares were sold at an average price of $159.58, for a total transaction of $1,549,202.64. Following the completion of the sale, the CEO now directly owns 1,480,924 shares of the company’s stock, valued at approximately $236,325,851.92. Disclosures regarding this sale can be found here. Over the past 90 days, insiders have sold 31,166 shares of company stock, valued at $5,011,557. Company insiders own 46.51% of the company’s stock.
walmart profile
(Free report)
Walmart Inc is engaged in retail, wholesale, and other segment operations throughout the world. The company operates through three segments: Walmart US, Walmart International, and Sam’s Club. The company operates supercenters, supermarkets, hypermarkets, warehouse clubs, cash-and-carry stores, and discount stores under the Walmart and Walmart Neighborhood Market brands. A members-only warehouse club. E-commerce websites such as walmart.com, walmart.com.mx, walmart.ca, flipkart.com, and samsclub.com. and mobile commerce applications.
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Curious if other hedge funds own WMT? Visit HoldingsChannel.com to get the latest 13F filings and insider transactions for Walmart Inc. (NYSE:WMT – Free Report).
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