Walmart Inc. (NYSE:WMT) Holdings Reduced by Keene & Associates Inc.

Keene & Associates Inc. decreased its holdings in Walmart Inc. (NYSE:WMT) by 3.3% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 69,410 shares of the retailer’s stock after selling 2,404 shares during the period. Walmart comprises about 3.8% of Keene & Associates Inc.’s investment portfolio, making the stock its biggest holding. Keene & Associates Inc.’s holdings in Walmart were worth $4,700,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. EntryPoint Capital LLC purchased a new stake in Walmart during the 1st quarter valued at $25,000. Northwest Capital Management Inc increased its position in Walmart by 199.3% during the first quarter. Northwest Capital Management Inc now owns 440 shares of the retailer’s stock valued at $26,000 after acquiring an additional 293 shares during the last quarter. TruNorth Capital Management LLC lifted its holdings in Walmart by 138.3% in the second 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 period. Cultivar Capital Inc. purchased a new position in Walmart in the second quarter worth about $29,000. Finally, Able Wealth Management LLC bought a new stake in shares of Walmart during the 4th quarter valued at about $30,000. 26.76% of the stock is owned by institutional investors.

Analyst Ratings Changes

WMT has been the topic of a number of research reports. Guggenheim raised their price objective on shares of Walmart from $75.00 to $81.00 and gave the stock a “buy” rating in a report on Friday, August 16th. Piper Sandler reissued an “overweight” rating and set a $83.00 price objective (up previously from $81.00) on shares of Walmart in a research report on Friday, August 16th. HSBC raised their target price on Walmart from $70.00 to $81.00 and gave the stock a “buy” rating in a report on Tuesday, June 11th. Wells Fargo & Company upped their price target on Walmart from $75.00 to $81.00 and gave the stock an “overweight” rating in a research report on Friday, August 16th. Finally, DA Davidson lifted their price objective on Walmart from $75.00 to $85.00 and gave the company a “buy” rating in a research report on Friday, August 16th. Two research analysts have rated the stock with a hold rating, twenty-six have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $78.99.

Insider Buying and Selling

In other Walmart news, major shareholder Jim C. Walton sold 934,000 shares of the company’s stock in a transaction that occurred on Thursday, September 12th. The stock was sold at an average price of $79.46, for a total transaction of $74,215,640.00. Following the sale, the insider now directly owns 610,843,318 shares in the company, valued at $48,537,610,048.28. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, EVP John D. Rainey sold 25,578 shares of Walmart stock in a transaction dated Monday, July 1st. The shares were sold at an average price of $67.58, for a total transaction of $1,728,561.24. Following the completion of the transaction, the executive vice president now directly owns 390,165 shares of the company’s stock, valued at approximately $26,367,350.70. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, major shareholder Jim C. Walton sold 934,000 shares of the stock in a transaction dated Thursday, September 12th. The stock was sold at an average price of $79.46, for a total transaction of $74,215,640.00. Following the completion of the sale, the insider now directly owns 610,843,318 shares in the company, valued at $48,537,610,048.28. The disclosure for this sale can be found here. Over the last quarter, insiders sold 10,203,360 shares of company stock worth $788,678,803. Corporate insiders own 45.58% of the company’s stock.

Walmart Stock Up 1.2 %

NYSE WMT opened at $80.60 on Monday. The stock has a 50 day moving average price of $72.51 and a 200-day moving average price of $66.18. Walmart Inc. has a one year low of $49.85 and a one year high of $80.68. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.22 and a current ratio of 0.80. The company has a market capitalization of $647.88 billion, a P/E ratio of 34.49, a P/E/G ratio of 3.99 and a beta of 0.51.

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

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.