Walmart Inc. (NYSE:WMT) Holdings Decreased by Kingsview Wealth Management LLC

Kingsview Wealth Management LLC reduced its stake in shares of Walmart Inc. (NYSE:WMT) by 45.9% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 96,905 shares of the retailer’s stock after selling 82,257 shares during the quarter. Kingsview Wealth Management LLC’s holdings in Walmart were worth $7,825,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Legal & General Group Plc grew its stake in Walmart by 1.8% during the 2nd quarter. Legal & General Group Plc now owns 36,282,740 shares of the retailer’s stock worth $2,456,704,000 after buying an additional 644,353 shares during the last quarter. Charles Schwab Investment Management Inc. grew its stake in Walmart by 1.1% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 31,236,769 shares of the retailer’s stock worth $2,522,369,000 after buying an additional 350,881 shares during the last quarter. Jennison Associates LLC grew its stake in Walmart by 479.6% during the 3rd quarter. Jennison Associates LLC now owns 18,479,259 shares of the retailer’s stock worth $1,492,200,000 after buying an additional 15,290,936 shares during the last quarter. Raymond James & Associates grew its stake in Walmart by 3.0% during the 3rd quarter. Raymond James & Associates now owns 16,766,325 shares of the retailer’s stock worth $1,353,881,000 after buying an additional 484,196 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its stake in Walmart by 5.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 16,184,945 shares of the retailer’s stock worth $1,095,946,000 after buying an additional 834,005 shares during the last quarter. 26.76% of the stock is currently owned by institutional investors.

Walmart Trading Up 2.3 %

Shares of NYSE WMT opened at $90.44 on Friday. Walmart Inc. has a 12 month low of $49.85 and a 12 month high of $90.91. The company has a market cap of $726.98 billion, a price-to-earnings ratio of 37.12, a P/E/G ratio of 4.30 and a beta of 0.51. The company has a quick ratio of 0.22, a current ratio of 0.85 and a debt-to-equity ratio of 0.56. The business has a fifty day simple moving average of $82.12 and a 200-day simple moving average of $73.84.

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

Insider Buying and Selling

In related news, EVP Daniel J. Bartlett sold 2,063 shares of the stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $80.76, for a total value of $166,607.88. Following the completion of the sale, the executive vice president now directly owns 459,558 shares of the company’s stock, valued at approximately $37,113,904.08. This represents a 0.45 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP John D. Rainey sold 3,000 shares of the company’s stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $77.48, for a total value of $232,440.00. Following the completion of the transaction, the executive vice president now directly owns 384,165 shares in the company, valued at approximately $29,765,104.20. The trade was a 0.77 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 12,337,337 shares of company stock valued at $958,823,647. Corporate insiders own 45.58% of the company’s stock.

Wall Street Analyst Weigh In

WMT has been the subject of a number of recent research reports. Guggenheim upped their price objective on Walmart from $90.00 to $100.00 and gave the stock a “buy” rating in a research note on Wednesday. Morgan Stanley increased their price target on Walmart from $89.00 to $100.00 and gave the stock an “overweight” rating in a research note on Wednesday. Wells Fargo & Company increased their price target on Walmart from $90.00 to $96.00 and gave the stock an “overweight” rating in a research note on Wednesday. StockNews.com cut Walmart from a “strong-buy” rating to a “buy” rating in a research note on Wednesday. Finally, Piper Sandler increased their price target on Walmart from $83.00 to $93.00 and gave the stock an “overweight” rating in a research note on Monday, November 18th. Two research analysts have rated the stock with a hold rating, twenty-nine have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $91.88.

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.