Walmart Inc. (NYSE:WMT) Shares Sold by Cary Street Partners Asset Management LLC

Posted by Defense World Staff on Jun 13th, 2023

Walmart logo Cary Street Partners Asset Management LLC reduced its holdings in Walmart Inc. (NYSE:WMT – Get Rating) by 35.1% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 205 shares of the retailer’s stock after selling 111 shares during the quarter. Cary Street Partners Asset Management LLC’s holdings in Walmart were worth $29,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in the business. Masso Torrence Wealth Management Inc. acquired a new stake in Walmart during the fourth quarter worth about $215,000. All Terrain Financial Advisors LLC boosted its position in shares of Walmart by 1.5% in the fourth quarter. All Terrain Financial Advisors LLC now owns 25,476 shares of the retailer’s stock worth $3,612,000 after buying an additional 382 shares during the period. Campbell & CO Investment Adviser LLC purchased a new stake in shares of Walmart in the fourth quarter worth about $307,000. Two Sigma Investments LP purchased a new stake in shares of Walmart in the fourth quarter worth about $9,270,000. Finally, Atlas Wealth LLC purchased a new stake in shares of Walmart in the fourth quarter worth about $222,000. 31.27% of the stock is currently owned by institutional investors and hedge funds.

Walmart Stock Up 0.7 %

Shares of Walmart stock opened at $154.10 on Tuesday. The company has a current ratio of 0.82, a quick ratio of 0.23 and a debt-to-equity ratio of 0.54. The business’s 50 day simple moving average is $150.21 and its 200-day simple moving average is $146.10. The stock has a market capitalization of $414.97 billion, a price-to-earnings ratio of 37.04, a PEG ratio of 4.48 and a beta of 0.49. Walmart Inc. has a twelve month low of $117.90 and a twelve month high of $154.64.

Walmart (NYSE:WMT – Get Rating) last posted its earnings results on Thursday, May 18th. The retailer reported $1.47 EPS for the quarter, beating the consensus estimate of $1.32 by $0.15. Walmart had a return on equity of 21.30% and a net margin of 1.82%. The firm had revenue of $152.30 billion for the quarter, compared to analysts’ expectations of $147.91 billion. During the same period last year, the firm earned $1.30 EPS. The firm’s revenue was up 7.6% compared to the same quarter last year. Equities research analysts forecast that Walmart Inc. will post 6.21 earnings per share for the current year.

Analysts Set New Price Targets

WMT has been the subject of several analyst reports. Oppenheimer upped their target price on Walmart from $160.00 to $165.00 and gave the stock an “outperform” rating in a research report on Thursday, April 6th. Gordon Haskett raised Walmart from an “accumulate” rating to a “buy” rating and upped their target price for the stock from $155.00 to $165.00 in a research report on Wednesday, April 19th. Cowen upped their target price on Walmart from $175.00 to $180.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 15th. Roth Capital reissued a “buy” rating on shares of Walmart in a report on Tuesday, February 14th. Finally, 1-800-FLOWERS.COM reissued a “maintains” rating on shares of Walmart in a report on Friday, May 19th. Five analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $166.91.

Insider Activity at Walmart

In related news, Director S Robson Walton sold 170,587 shares of the firm’s stock in a transaction that occurred on Thursday, June 8th. The stock was sold at an average price of $150.12, for a total value of $25,608,520.44. Following the sale, the director now directly owns 244,364,516 shares in the company, valued at approximately $36,684,001,141.92. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other Walmart news, EVP John R. Furner sold 4,375 shares of the stock in a transaction on Thursday, March 23rd. The stock was sold at an average price of $140.05, for a total transaction of $612,718.75. Following the completion of the transaction, the executive vice president now directly owns 290,992 shares of the company’s stock, valued at approximately $40,753,429.60. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director S Robson Walton sold 170,587 shares of the stock in a transaction on Thursday, June 8th. The shares were sold at an average price of $150.12, for a total value of $25,608,520.44. Following the transaction, the director now directly owns 244,364,516 shares of the company’s stock, valued at $36,684,001,141.92. The disclosure for this sale can be found here. Insiders have sold a total of 14,495,775 shares of company stock worth $2,073,939,686 in the last three months. 46.51% of the stock is owned by company insiders.

Walmart Profile

(Get Rating)

Walmart, Inc engages in retail and wholesale business. The company offers an assortment of merchandise and services at everyday low prices. It operates through the following business segments: Walmart U.S., Walmart International, and Sam’s Club. The Walmart U.S. segment operates as a merchandiser of consumer products, operating under the Walmart, Wal-Mart, and Walmart Neighborhood Market brands, as well as walmart.com and other eCommerce brands.