Walmart Inc. (NYSE:WMT) Shares Sold by Beech Hill Advisors Inc.

Beech Hill Advisors Inc. lowered its position in shares of Walmart Inc. (NYSE:WMT) by 3.1% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 35,452 shares of the retailer’s stock after selling 1,141 shares during the quarter. Beech Hill Advisors Inc.’s holdings in Walmart were worth $3,203,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of WMT. Jennison Associates LLC lifted its holdings in Walmart by 479.6% in the third quarter. Jennison Associates LLC now owns 18,479,259 shares of the retailer’s stock worth $1,492,200,000 after acquiring an additional 15,290,936 shares during the last quarter. FMR LLC raised its position in shares of Walmart by 12.9% during the 3rd quarter. FMR LLC now owns 63,135,639 shares of the retailer’s stock worth $5,098,203,000 after purchasing an additional 7,200,004 shares during the period. International Assets Investment Management LLC lifted its holdings in shares of Walmart by 8,814.4% in the 3rd quarter. International Assets Investment Management LLC now owns 6,963,218 shares of the retailer’s stock worth $562,280,000 after purchasing an additional 6,885,106 shares during the last quarter. Geode Capital Management LLC boosted its position in Walmart by 3.3% during the 3rd quarter. Geode Capital Management LLC now owns 87,617,409 shares of the retailer’s stock valued at $7,048,465,000 after purchasing an additional 2,786,061 shares during the period. Finally, Fisher Asset Management LLC grew its stake in Walmart by 4.6% during the 3rd quarter. Fisher Asset Management LLC now owns 47,659,844 shares of the retailer’s stock worth $3,848,533,000 after buying an additional 2,107,197 shares during the last quarter. Institutional investors own 26.76% of the company’s stock.

Insider Activity

In other Walmart news, EVP John R. Furner sold 13,125 shares of Walmart stock in a transaction dated Thursday, October 24th. The stock was sold at an average price of $82.96, for a total transaction of $1,088,850.00. Following the transaction, the executive vice president now owns 593,040 shares of the company’s stock, valued at $49,198,598.40. The trade was a 2.17 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO C Douglas Mcmillon sold 29,124 shares of the stock in a transaction that occurred on Thursday, October 24th. The stock was sold at an average price of $82.79, for a total transaction of $2,411,175.96. Following the completion of the sale, the chief executive officer now directly owns 3,843,929 shares of the company’s stock, valued at $318,238,881.91. This trade represents a 0.75 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 138,347 shares of company stock worth $12,311,491. 45.58% of the stock is owned by corporate insiders.

Walmart Price Performance

NYSE WMT opened at $91.33 on Friday. Walmart Inc. has a 1 year low of $53.44 and a 1 year high of $96.18. The stock’s 50-day moving average price is $90.86 and its two-hundred day moving average price is $81.03. The company has a market cap of $733.70 billion, a PE ratio of 37.48, a PEG ratio of 4.41 and a beta of 0.55. The company has a current ratio of 0.85, a quick ratio of 0.23 and a debt-to-equity ratio of 0.42.

Walmart (NYSE:WMT) last issued its quarterly earnings results on Tuesday, November 19th. The retailer reported $0.58 EPS for the quarter, beating the consensus estimate of $0.53 by $0.05. Walmart had a net margin of 2.92% and a return on equity of 21.78%. The business had revenue of $169.59 billion during the quarter, compared to the consensus estimate of $167.69 billion. During the same quarter in the prior year, the firm earned $0.51 EPS. The firm’s quarterly revenue was up 5.5% on a year-over-year basis. On average, analysts predict that Walmart Inc. will post 2.47 EPS for the current year.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on WMT shares. Truist Financial raised their target price on Walmart from $89.00 to $98.00 and gave the company a “buy” rating in a research note on Wednesday, November 20th. Morgan Stanley lifted their price objective on shares of Walmart from $89.00 to $100.00 and gave the company an “overweight” rating in a research report on Wednesday, November 20th. Guggenheim upped their target price on shares of Walmart from $90.00 to $100.00 and gave the stock a “buy” rating in a research report on Wednesday, November 20th. Citigroup lifted their price target on Walmart from $75.00 to $98.00 and gave the company a “buy” rating in a report on Friday, September 27th. Finally, Oppenheimer increased their price objective on Walmart from $81.00 to $90.00 and gave the stock an “outperform” rating in a report on Monday, October 14th. Two research analysts have rated the stock with a hold rating, twenty-nine have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $94.49.

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.