Alpha Financial Partners LLC Sells 765 Shares of Walmart Inc. (NYSE:WMT)

Alpha Financial Partners LLC decreased its position in Walmart Inc. (NYSE:WMT) by 18.4% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,400 shares of the retailer’s stock after selling 765 shares during the quarter. Alpha Financial Partners LLC’s holdings in Walmart were worth $230,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Landmark Financial Advisors LLC lifted its holdings in shares of Walmart by 1.0% in the 4th quarter. Landmark Financial Advisors LLC now owns 7,055 shares of the retailer’s stock worth $1,112,000 after acquiring an additional 70 shares during the last quarter. Syverson Strege & Co lifted its holdings in shares of Walmart by 2.6% in the 4th quarter. Syverson Strege & Co now owns 3,377 shares of the retailer’s stock worth $532,000 after acquiring an additional 85 shares during the last quarter. Amussen Hunsaker Associates LLC lifted its holdings in shares of Walmart by 0.5% in the 4th quarter. Amussen Hunsaker Associates LLC now owns 15,979 shares of the retailer’s stock worth $2,519,000 after acquiring an additional 86 shares during the last quarter. Western Pacific Wealth Management LP lifted its holdings in shares of Walmart by 4.9% in the 4th quarter. Western Pacific Wealth Management LP now owns 1,892 shares of the retailer’s stock worth $298,000 after acquiring an additional 88 shares during the last quarter. Finally, Per Stirling Capital Management LLC. increased its stake in shares of Walmart by 2.6% in the fourth quarter. Per Stirling Capital Management LLC. now owns 4,009 shares of the retailer’s stock worth $632,000 after buying an additional 100 shares during the period. Hedge funds and other institutional investors own 26.76% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently commented on the stock. Piper Sandler reaffirmed an “overweight” rating and issued a $83.00 target price (up from $81.00) on shares of Walmart in a research note on Friday, August 16th. StockNews.com raised shares of Walmart from a “buy” rating to a “strong-buy” rating in a research report on Friday, August 16th. Roth Mkm boosted their price objective on shares of Walmart from $71.00 to $81.00 and gave the company a “buy” rating in a research report on Friday, August 16th. JPMorgan Chase & Co. boosted their target price on shares of Walmart from $81.00 to $83.00 and gave the company an “overweight” rating in a report on Friday, August 16th. Finally, Stifel Nicolaus boosted their target price on shares of Walmart from $71.00 to $73.00 and gave the company a “hold” rating in a report on Tuesday, August 13th. Two equities research analysts have rated the stock with a hold rating, twenty-six have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Walmart presently has an average rating of “Moderate Buy” and a consensus price target of $78.99.

Insider Activity

In other news, major shareholder S Robson Walton sold 4,057,369 shares of the company’s stock in a transaction dated Monday, September 9th. The shares were sold at an average price of $77.20, for a total transaction of $313,228,886.80. Following the completion of the sale, the insider now owns 611,988,318 shares of the company’s stock, valued at approximately $47,245,498,149.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, major shareholder S Robson Walton sold 4,057,369 shares of the 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 completion of the sale, the insider now directly owns 611,988,318 shares of the company’s stock, valued at approximately $47,245,498,149.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO C Douglas Mcmillon sold 29,124 shares of the stock in a transaction that occurred on Thursday, June 27th. The stock was sold at an average price of $68.39, for a total transaction of $1,991,790.36. Following the completion of the sale, the chief executive officer now directly owns 3,960,402 shares of the company’s stock, valued at $270,851,892.78. The disclosure for this sale can be found here. Insiders sold 10,203,360 shares of company stock valued at $788,678,803 in the last quarter. 45.58% of the stock is currently owned by insiders.

Walmart Price Performance

NYSE WMT opened at $80.60 on Tuesday. Walmart Inc. has a 52 week low of $49.85 and a 52 week high of $81.02. The firm has a market capitalization of $647.88 billion, a P/E ratio of 34.49, a PEG ratio of 3.99 and a beta of 0.51. The company has a quick ratio of 0.22, a current ratio of 0.80 and a debt-to-equity ratio of 0.46. The company has a 50-day moving average price of $72.73 and a 200-day moving average price of $66.34.

Walmart (NYSE:WMT) last released its quarterly earnings results 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 firm had revenue of $169.30 billion during the quarter, compared to analyst estimates of $168.56 billion. During the same quarter in the prior year, the firm earned $0.61 EPS. The business’s revenue for the quarter was up 4.7% compared to the same quarter last year. Equities research analysts anticipate that Walmart Inc. will post 2.44 earnings per share for the current year.

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.