Walmart Inc. (NYSE:WMT) Shares Sold by Foster Victor Wealth Advisors LLC

Foster Victor Wealth Advisors LLC cut its stake in Walmart Inc. (NYSE:WMT) by 11.5% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 137,936 shares of the retailer’s stock after selling 17,949 shares during the period. Foster Victor Wealth Advisors LLC’s holdings in Walmart were worth $11,090,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the stock. EntryPoint Capital LLC acquired a new stake in shares of Walmart during the first quarter worth $25,000. Northwest Capital Management Inc raised its holdings in shares of Walmart by 199.3% during the first quarter. Northwest Capital Management Inc now owns 440 shares of the retailer’s stock worth $26,000 after purchasing an additional 293 shares during the period. TruNorth Capital Management LLC raised its holdings in shares of Walmart by 138.3% during the second quarter. TruNorth Capital Management LLC now owns 429 shares of the retailer’s stock worth $29,000 after purchasing an additional 249 shares during the period. Cultivar Capital Inc. acquired a new stake in shares of Walmart during the second quarter worth $29,000. Finally, FSA Wealth Management LLC raised its holdings in shares of Walmart by 253.0% during the first quarter. FSA Wealth Management LLC now owns 526 shares of the retailer’s stock worth $32,000 after purchasing an additional 377 shares during the period. 26.76% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

WMT has been the topic of a number of research reports. Bank of America increased their target price on shares of Walmart from $75.00 to $85.00 and gave the stock a “buy” rating in a report on Friday, August 16th. KeyCorp increased their price objective on shares of Walmart from $82.00 to $86.00 and gave the stock an “overweight” rating in a report on Monday. Robert W. Baird increased their target price on shares of Walmart from $82.00 to $90.00 and gave the company an “outperform” rating in a research report on Monday, September 30th. Truist Financial upgraded shares of Walmart from a “hold” rating to a “buy” rating and increased their target price for the company from $76.00 to $89.00 in a research report on Tuesday, September 24th. Finally, Redburn Atlantic upgraded shares of Walmart to a “strong-buy” rating in a research report on Monday, September 23rd. One analyst has rated the stock with a hold rating, twenty-eight have issued a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average target price of $82.96.

Walmart Trading Up 1.8 %

Shares of Walmart stock opened at $81.71 on Wednesday. The company’s fifty day simple moving average is $77.08 and its 200-day simple moving average is $69.23. The company has a market cap of $656.81 billion, a price-to-earnings ratio of 42.48, a PEG ratio of 4.02 and a beta of 0.51. The company has a current ratio of 0.80, a quick ratio of 0.22 and a debt-to-equity ratio of 0.46. Walmart Inc. has a 1 year low of $49.85 and a 1 year high of $81.82.

Walmart (NYSE:WMT) last announced its quarterly earnings data on Thursday, August 15th. The retailer reported $0.67 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.65 by $0.02. The business had revenue of $169.30 billion for the quarter, compared to the consensus estimate of $168.56 billion. Walmart had a net margin of 2.34% and a return on equity of 21.72%. Walmart’s quarterly revenue was up 4.7% on a year-over-year basis. During the same quarter last year, the company posted $0.61 earnings per share. As a group, sell-side analysts expect that Walmart Inc. will post 2.44 EPS for the current year.

Insider Buying and Selling at Walmart

In other Walmart news, major shareholder Alice L. Walton sold 2,709,163 shares of the business’s 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 sale, the insider now 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 position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In other Walmart news, CEO C Douglas Mcmillon sold 29,124 shares of the business’s stock in a transaction on Thursday, July 25th. The shares were sold at an average price of $70.61, for a total value of $2,056,445.64. Following the sale, the chief executive officer now owns 3,931,301 shares of the company’s stock, valued at $277,589,163.61. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, major shareholder Alice L. Walton sold 2,709,163 shares of the business’s stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $77.37, for a total transaction of $209,607,941.31. Following the completion of the sale, the insider now directly owns 630,501,148 shares in the company, valued at $48,781,873,820.76. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 12,335,272 shares of company stock valued at $958,101,276 in the last 90 days. 45.58% of the stock is currently owned by company insiders.

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.