Arden Trust Co Cuts Stock Position in Walmart Inc. (NYSE:WMT)

Arden Trust Co lowered its holdings in Walmart Inc. (NYSE:WMT) by 4.9% in the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 6,506 shares of the retailer’s stock after selling 334 shares during the quarter. Arden Trust Co’s holdings in Walmart were worth $441,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Flynn Zito Capital Management LLC lifted its position in shares of Walmart by 3.9% in the fourth quarter. Flynn Zito Capital Management LLC now owns 1,636 shares of the retailer’s stock valued at $258,000 after acquiring an additional 61 shares in the last quarter. ICW Investment Advisors LLC increased its position in shares of Walmart by 0.4% in the 4th quarter. ICW Investment Advisors LLC now owns 15,451 shares of the retailer’s stock valued at $2,436,000 after acquiring an additional 62 shares during the period. Rossmore Private Capital increased its position in shares of Walmart by 0.3% in the 4th quarter. Rossmore Private Capital now owns 20,504 shares of the retailer’s stock valued at $3,232,000 after acquiring an additional 65 shares during the period. Sheaff Brock Investment Advisors LLC grew its position in Walmart by 0.3% during the 4th quarter. Sheaff Brock Investment Advisors LLC now owns 21,377 shares of the retailer’s stock worth $3,370,000 after purchasing an additional 65 shares during the period. Finally, Avion Wealth lifted its stake in Walmart by 7.2% in the 4th quarter. Avion Wealth now owns 1,014 shares of the retailer’s stock valued at $160,000 after buying an additional 68 shares in the last quarter. Hedge funds and other institutional investors own 26.76% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on WMT shares. Deutsche Bank Aktiengesellschaft raised their price target on shares of Walmart from $71.00 to $77.00 and gave the stock a “buy” rating in a report on Monday, July 1st. Jefferies Financial Group lifted their price objective on shares of Walmart from $75.00 to $77.00 and gave the stock a “buy” rating in a research report on Monday, June 10th. Bank of America boosted their price target on shares of Walmart from $67.00 to $75.00 and gave the company a “buy” rating in a research report on Friday, May 17th. Stifel Nicolaus lifted their price objective on shares of Walmart from $69.00 to $71.00 and gave the company a “hold” rating in a research note on Tuesday, July 2nd. Finally, Piper Sandler started coverage on shares of Walmart in a research note on Wednesday, July 10th. They set an “overweight” rating and a $81.00 price target on the stock. Three investment analysts have rated the stock with a hold rating and twenty-eight have issued a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $72.09.

Insider Buying and Selling

In other news, major shareholder Alice L. Walton sold 1,132,123 shares of Walmart stock in a transaction on Thursday, May 23rd. The stock was sold at an average price of $65.02, for a total value of $73,610,637.46. Following the transaction, the insider now directly owns 647,371,888 shares in the company, valued at approximately $42,092,120,157.76. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In related news, Director Timothy Patrick Flynn sold 30,000 shares of the stock in a transaction that occurred on Tuesday, May 21st. The stock was sold at an average price of $64.82, for a total value of $1,944,600.00. Following the completion of the transaction, the director now directly owns 144,807 shares in the company, valued at $9,386,389.74. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, major shareholder Alice L. Walton sold 1,132,123 shares of the company’s stock in a transaction on Thursday, May 23rd. The stock was sold at an average price of $65.02, for a total value of $73,610,637.46. Following the transaction, the insider now owns 647,371,888 shares in the company, valued at $42,092,120,157.76. The disclosure for this sale can be found here. In the last three months, insiders sold 14,540,863 shares of company stock valued at $954,455,147. Insiders own 45.58% of the company’s stock.

Walmart Trading Down 1.2 %

WMT stock traded down $0.83 during midday trading on Wednesday, hitting $66.91. The company had a trading volume of 18,368,450 shares, compared to its average volume of 17,388,885. The company has a current ratio of 0.80, a quick ratio of 0.23 and a debt-to-equity ratio of 0.48. Walmart Inc. has a 52 week low of $49.85 and a 52 week high of $71.33. The stock has a market cap of $538.19 billion, a price-to-earnings ratio of 28.63, a PEG ratio of 3.95 and a beta of 0.50. The stock’s 50 day moving average price is $68.33 and its 200 day moving average price is $62.60.

Walmart (NYSE:WMT) last announced its quarterly earnings results on Thursday, May 16th. The retailer reported $0.60 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.52 by $0.08. Walmart had a return on equity of 21.57% and a net margin of 2.88%. The firm had revenue of $161.50 billion for the quarter, compared to the consensus estimate of $159.57 billion. During the same period in the prior year, the company posted $0.49 earnings per share. The company’s quarterly revenue was up 6.0% on a year-over-year basis. As a group, equities research analysts expect that Walmart Inc. will post 2.43 earnings per share for the current fiscal year.

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.