Ellsworth Advisors LLC Has $408,000 Position in Walmart Inc. (NYSE:WMT)

Ellsworth Advisors LLC decreased its holdings in shares of Walmart Inc. (NYSE:WMT) by 82.3% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 6,026 shares of the retailer’s stock after selling 27,942 shares during the quarter. Ellsworth Advisors LLC’s holdings in Walmart were worth $408,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in WMT. Flynn Zito Capital Management LLC increased its holdings in shares of Walmart by 3.9% during the 4th quarter. Flynn Zito Capital Management LLC now owns 1,636 shares of the retailer’s stock worth $258,000 after purchasing an additional 61 shares during the period. ICW Investment Advisors LLC grew its holdings in shares of Walmart by 0.4% during the 4th quarter. ICW Investment Advisors LLC now owns 15,451 shares of the retailer’s stock worth $2,436,000 after purchasing an additional 62 shares in the last quarter. Rossmore Private Capital increased its position in shares of Walmart by 0.3% during the fourth quarter. Rossmore Private Capital now owns 20,504 shares of the retailer’s stock valued at $3,232,000 after purchasing an additional 65 shares during the period. Sheaff Brock Investment Advisors LLC lifted its position in Walmart by 0.3% in the fourth 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, Landmark Financial Advisors LLC boosted its stake in Walmart by 1.0% during the fourth quarter. Landmark Financial Advisors LLC now owns 7,055 shares of the retailer’s stock worth $1,112,000 after buying an additional 70 shares in the last quarter. Institutional investors and hedge funds own 26.76% of the company’s stock.

Walmart Stock Up 0.7 %

WMT traded up $0.48 during trading hours on Friday, hitting $73.45. 19,872,144 shares of the company’s stock were exchanged, compared to its average volume of 17,647,650. Walmart Inc. has a 1-year low of $49.85 and a 1-year high of $74.44. The stock has a market cap of $590.80 billion, a price-to-earnings ratio of 31.43, a PEG ratio of 3.95 and a beta of 0.50. The company has a quick ratio of 0.23, a current ratio of 0.80 and a debt-to-equity ratio of 0.48. The stock’s 50-day moving average is $68.86 and its two-hundred day moving average is $63.32.

Walmart (NYSE:WMT) last posted its quarterly earnings results on Thursday, August 15th. The retailer reported $0.67 earnings per share for the quarter, topping the consensus estimate of $0.65 by $0.02. Walmart had a return on equity of 21.57% and a net margin of 2.88%. The firm had revenue of $169.30 billion for the quarter, compared to analyst estimates of $168.56 billion. During the same quarter in the previous year, the firm earned $0.61 EPS. The business’s quarterly revenue was up 4.7% on a year-over-year basis. Sell-side analysts predict that Walmart Inc. will post 2.43 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the stock. Bank of America raised their price target on shares of Walmart from $75.00 to $85.00 and gave the stock a “buy” rating in a research note on Friday. The Goldman Sachs Group upped their price objective on shares of Walmart from $73.00 to $81.00 and gave the stock a “buy” rating in a research note on Friday. Truist Financial boosted their target price on Walmart from $64.00 to $76.00 and gave the stock a “hold” rating in a report on Friday. Piper Sandler reaffirmed an “overweight” rating and set a $83.00 price target (up from $81.00) on shares of Walmart in a report on Friday. Finally, StockNews.com raised Walmart from a “buy” rating to a “strong-buy” rating in a research note on Friday. Three equities research analysts have rated the stock with a hold rating, twenty-six have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $77.79.

Insider Transactions at Walmart

In other news, EVP Daniel J. Bartlett sold 2,398 shares of the company’s stock in a transaction that occurred on Monday, July 15th. The stock was sold at an average price of $69.50, for a total transaction of $166,661.00. Following the sale, the executive vice president now owns 463,871 shares in the company, valued at approximately $32,239,034.50. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, EVP Daniel J. Bartlett sold 2,398 shares of the stock in a transaction on Monday, July 15th. The stock was sold at an average price of $69.50, for a total value of $166,661.00. Following the sale, the executive vice president now owns 463,871 shares in the company, valued at approximately $32,239,034.50. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Timothy Patrick Flynn sold 30,000 shares of the stock in a transaction on Tuesday, May 21st. The shares were sold at an average price of $64.82, for a total value of $1,944,600.00. Following the completion of the sale, the director now owns 144,807 shares in the company, valued at approximately $9,386,389.74. The disclosure for this sale can be found here. Insiders have sold a total of 11,000,613 shares of company stock worth $725,932,010 in the last 90 days. Corporate insiders own 45.58% of the company’s stock.

About Walmart

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.