Prudent Man Advisors LLC lowered its holdings in shares of Walmart Inc. (NYSE:WMT – Get Rating) by 3.9% in the 1st quarter, Holdings Channel.com reports. The firm owned 3,236 shares of the retailer’s stock after selling 130 shares during the quarter. Prudent Man Advisors LLC’s holdings in Walmart were worth $482,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also made changes to their positions in WMT. Transcend Capital Advisors LLC lifted its stake in shares of Walmart by 5.0% in the 1st quarter. Transcend Capital Advisors LLC now owns 17,829 shares of the retailer’s stock valued at $2,655,000 after purchasing an additional 855 shares during the last quarter. Matisse Capital lifted its position in Walmart by 4.4% in the first quarter. Matisse Capital now owns 3,539 shares of the retailer’s stock worth $527,000 after buying an additional 150 shares during the last quarter. Marietta Wealth Management LLC increased its position in Walmart by 2.6% during the first quarter. Marietta Wealth Management LLC now owns 52,105 shares of the retailer’s stock valued at $7,759,000 after acquiring an additional 1,311 shares during the last quarter. Family Legacy Inc. increased its position in Walmart by 0.9% during the first quarter. Family Legacy Inc. now owns 22,838 shares of the retailer’s stock valued at $3,401,000 after acquiring an additional 194 shares during the last quarter. Finally, Asset Dedication LLC raised its stake in shares of Walmart by 2.7% in the first quarter. Asset Dedication LLC now owns 27,479 shares of the retailer’s stock valued at $4,081,000 after acquiring an additional 718 shares during the period. 30.79% of the stock is owned by hedge funds and other institutional investors.
Walmart Stock Up 0.8 %
Walmart stock opened at $126.58 on Friday. Walmart Inc. has a 1-year low of $117.27 and a 1-year high of $160.77. The business has a fifty day moving average price of $125.33 and a 200-day moving average price of $137.04. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.86 and a quick ratio of 0.23. The stock has a market capitalization of $346.97 billion, a price-to-earnings ratio of 27.22, a PEG ratio of 4.02 and a beta of 0.53.
Insiders Place Their Bets
In other news, CEO C Douglas Mcmillon sold 9,708 shares of the business’s stock in a transaction on Thursday, July 28th. The shares were sold at an average price of $127.05, for a total transaction of $1,233,401.40. Following the sale, the chief executive officer now directly owns 1,507,454 shares of the company’s stock, valued at $191,522,030.70. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Over the last quarter, insiders sold 29,124 shares of company stock valued at $3,638,461. Insiders own 47.06% of the company’s stock.
Analysts Set New Price Targets
WMT has been the topic of several analyst reports. JPMorgan Chase & Co. set a $128.00 price target on shares of Walmart in a report on Tuesday, July 26th. BMO Capital Markets cut their target price on Walmart from $170.00 to $165.00 and set an “outperform” rating on the stock in a research note on Wednesday, May 18th. Stephens decreased their price target on Walmart to $160.00 and set an “underweight” rating for the company in a research note on Thursday, May 19th. Stifel Nicolaus cut their price objective on Walmart from $155.00 to $150.00 and set a “hold” rating on the stock in a research report on Wednesday, May 18th. Finally, Truist Financial decreased their target price on Walmart from $139.00 to $117.00 in a research report on Tuesday, July 26th. One analyst has rated the stock with a sell rating, eight have given a hold rating and eighteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, Walmart currently has an average rating of “Moderate Buy” and a consensus target price of $151.00.
Walmart Inc engages in the operation of retail, wholesale, and other units 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; membership-only warehouse clubs; ecommerce websites, such as walmart.com, walmart.com.mx, walmart.ca, flipkart.com, and samsclub.com; and mobile commerce applications.
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