AllGen Financial Advisors Inc. Sells 2,217 Shares of Walmart Inc. (NYSE:WMT)

AllGen Financial Advisors Inc. reduced its stake in shares of Walmart Inc. (NYSE:WMT) by 4.9% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 43,319 shares of the retailer’s stock after selling 2,217 shares during the quarter. Walmart comprises approximately 1.1% of AllGen Financial Advisors Inc.’s holdings, making the stock its 21st largest position. AllGen Financial Advisors Inc.’s holdings in Walmart were worth $3,498,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. EntryPoint Capital LLC bought a new position in Walmart during the first quarter valued at approximately $25,000. TruNorth Capital Management LLC raised its holdings in shares of Walmart by 138.3% during the 2nd quarter. TruNorth Capital Management LLC now owns 429 shares of the retailer’s stock worth $29,000 after acquiring an additional 249 shares in the last quarter. Cultivar Capital Inc. purchased a new stake in shares of Walmart during the 2nd quarter worth approximately $29,000. FSA Wealth Management LLC grew its holdings in shares of Walmart by 253.0% in the first quarter. FSA Wealth Management LLC now owns 526 shares of the retailer’s stock valued at $32,000 after purchasing an additional 377 shares in the last quarter. Finally, Kozak & Associates Inc. increased its position in Walmart by 216.4% in the first quarter. Kozak & Associates Inc. now owns 503 shares of the retailer’s stock worth $32,000 after purchasing an additional 344 shares during the last quarter. Institutional investors own 26.76% of the company’s stock.

Insider Activity

In other news, EVP John D. Rainey sold 3,000 shares of the firm’s stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $69.19, for a total transaction of $207,570.00. Following the transaction, the executive vice president now owns 387,165 shares in the company, valued at approximately $26,787,946.35. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. In other Walmart news, EVP John D. Rainey sold 3,000 shares of Walmart stock in a transaction dated Thursday, August 1st. The stock was sold at an average price of $69.19, for a total value of $207,570.00. Following the transaction, the executive vice president now owns 387,165 shares in the company, valued at $26,787,946.35. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder Alice L. Walton sold 2,709,163 shares of Walmart stock in a transaction dated 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 completion of the transaction, the insider now 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. Over the last 90 days, insiders have sold 12,337,337 shares of company stock worth $958,784,857. Company insiders own 45.58% of the company’s stock.

Walmart Stock Performance

Shares of Walmart stock opened at $82.51 on Friday. The firm has a market cap of $663.67 billion, a P/E ratio of 35.26, a P/E/G ratio of 4.11 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 12 month low of $49.85 and a 12 month high of $83.34. The stock’s fifty day moving average price is $79.09 and its 200-day moving average price is $70.40.

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

Analysts Set New Price Targets

WMT has been the subject of several research reports. DA Davidson increased their price objective on shares of Walmart from $75.00 to $85.00 and gave the company a “buy” rating in a research report on Friday, August 16th. JPMorgan Chase & Co. lifted their price target on Walmart from $81.00 to $83.00 and gave the stock an “overweight” rating in a research report on Friday, August 16th. Piper Sandler restated an “overweight” rating and set a $83.00 price objective (up from $81.00) on shares of Walmart in a research report on Friday, August 16th. Roth Mkm lifted their target price on Walmart from $71.00 to $81.00 and gave the stock a “buy” rating in a report on Friday, August 16th. Finally, KeyCorp increased their price target on Walmart from $82.00 to $86.00 and gave the company an “overweight” rating in a report on Monday, October 14th. One research analyst has rated the stock with a hold rating, twenty-nine have issued a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, Walmart presently has an average rating of “Buy” and an average target price of $83.51.

Walmart 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.