Walmart Inc. (NYSE:WMT) Shares Sold by Peterson Wealth Management

Peterson Wealth Management decreased its position in Walmart Inc. (NYSE:WMT) by 21.3% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 46,562 shares of the retailer’s stock after selling 12,629 shares during the quarter. Walmart comprises about 2.4% of Peterson Wealth Management’s holdings, making the stock its 16th largest position. Peterson Wealth Management’s holdings in Walmart were worth $3,760,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Peterson Financial Group Inc. purchased a new position in shares of Walmart during the third quarter valued at approximately $26,000. TruNorth Capital Management LLC raised its holdings in Walmart by 138.3% in the 2nd quarter. TruNorth Capital Management LLC now owns 429 shares of the retailer’s stock valued at $29,000 after acquiring an additional 249 shares during the last quarter. Cultivar Capital Inc. purchased a new position in shares of Walmart during the 2nd quarter worth $29,000. Voisard Asset Management Group Inc. boosted its holdings in shares of Walmart by 77.3% during the third quarter. Voisard Asset Management Group Inc. now owns 399 shares of the retailer’s stock worth $32,000 after purchasing an additional 174 shares during the last quarter. Finally, Hoese & Co LLP purchased a new stake in shares of Walmart in the third quarter valued at $33,000. 26.76% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts have issued reports on WMT shares. Bank of America raised their price target on Walmart from $95.00 to $105.00 and gave the stock a “buy” rating in a research note on Wednesday, November 20th. Piper Sandler raised their target price on shares of Walmart from $83.00 to $93.00 and gave the stock an “overweight” rating in a research report on Monday, November 18th. Sanford C. Bernstein upped their price target on shares of Walmart from $98.00 to $102.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 20th. Royal Bank of Canada increased their price target on shares of Walmart from $88.00 to $92.00 and gave the stock an “overweight” rating in a research note on Monday, November 18th. Finally, Deutsche Bank Aktiengesellschaft upped their price objective on Walmart from $77.00 to $83.00 and gave the stock a “buy” rating in a report on Friday, August 16th. Two analysts have rated the stock with a hold rating, twenty-nine have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Walmart has a consensus rating of “Moderate Buy” and an average target price of $91.88.

Walmart Stock Up 0.6 %

Shares of Walmart stock opened at $91.88 on Friday. Walmart Inc. has a 1-year low of $49.85 and a 1-year high of $92.25. The company has a market capitalization of $738.55 billion, a PE ratio of 37.71, a P/E/G ratio of 4.36 and a beta of 0.51. The company has a debt-to-equity ratio of 0.56, a current ratio of 0.85 and a quick ratio of 0.23. The business has a 50-day moving average of $83.08 and a 200-day moving average of $74.60.

Walmart (NYSE:WMT) last issued its quarterly earnings data on Tuesday, November 19th. The retailer reported $0.58 earnings per share for the quarter, beating analysts’ consensus estimates of $0.53 by $0.05. Walmart had a return on equity of 21.78% and a net margin of 2.92%. The firm had revenue of $169.59 billion during the quarter, compared to analyst estimates of $167.69 billion. During the same quarter last year, the firm earned $0.51 EPS. Walmart’s quarterly revenue was up 5.5% on a year-over-year basis. As a group, equities analysts forecast that Walmart Inc. will post 2.47 EPS for the current fiscal year.

Insider Buying and Selling

In related news, major shareholder Alice L. Walton sold 2,709,163 shares of Walmart stock in a transaction dated Tuesday, September 3rd. The stock was 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 directly owns 630,501,148 shares in the company, valued at approximately $48,781,873,820.76. This trade represents a 0.43 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, major shareholder S Robson Walton sold 4,057,369 shares of the company’s stock in a transaction that occurred on Monday, September 9th. The shares were sold at an average price of $77.20, for a total value of $313,228,886.80. Following the sale, the insider now owns 611,988,318 shares in the company, valued at $47,245,498,149.60. The trade was a 0.66 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 12,337,337 shares of company stock worth $958,823,647. Insiders own 45.58% of the company’s stock.

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.