River Street Advisors LLC Sells 240 Shares of Walmart Inc. (NYSE:WMT)

River Street Advisors LLC lowered its position in Walmart Inc. (NYSE:WMT) by 1.9% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 12,141 shares of the retailer’s stock after selling 240 shares during the period. River Street Advisors LLC’s holdings in Walmart were worth $980,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. EntryPoint Capital LLC bought a new position in Walmart during the 1st quarter worth about $25,000. TruNorth Capital Management LLC grew its holdings in shares of 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 in the last quarter. Cultivar Capital Inc. acquired a new stake in Walmart in the 2nd quarter valued at about $29,000. FSA Wealth Management LLC lifted its stake in Walmart by 253.0% in the 1st quarter. FSA Wealth Management LLC now owns 526 shares of the retailer’s stock valued at $32,000 after purchasing an additional 377 shares during the last quarter. Finally, Kozak & Associates Inc. lifted its stake in Walmart by 216.4% in the 1st quarter. Kozak & Associates Inc. now owns 503 shares of the retailer’s stock valued at $32,000 after purchasing an additional 344 shares during the last quarter. Institutional investors own 26.76% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently commented on the stock. UBS Group raised their target price on shares of Walmart from $81.00 to $92.00 and gave the stock a “buy” rating in a report on Friday, October 11th. The Goldman Sachs Group boosted their target price on shares of Walmart from $73.00 to $81.00 and gave the stock a “buy” rating in a research note on Friday, August 16th. Sanford C. Bernstein started coverage on shares of Walmart in a research note on Tuesday, October 22nd. They set an “outperform” rating and a $95.00 target price on the stock. Melius Research started coverage on shares of Walmart in a research note on Monday, September 23rd. They set a “buy” rating and a $95.00 target price on the stock. Finally, Truist Financial raised shares of Walmart from a “hold” rating to a “buy” rating and boosted their target price for the stock from $76.00 to $89.00 in a research note on Tuesday, September 24th. One research analyst has rated the stock with a hold rating, twenty-eight have assigned a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, Walmart has a consensus rating of “Buy” and an average target price of $85.18.

Insiders Place Their Bets

In related news, EVP John D. Rainey sold 3,000 shares of the stock in a transaction on Friday, November 1st. The stock was sold at an average price of $82.12, for a total transaction of $246,360.00. Following the sale, the executive vice president now directly owns 378,165 shares of the company’s stock, valued at $31,054,909.80. This trade represents a 0.79 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, major shareholder Alice L. Walton sold 2,375,563 shares of the firm’s stock in a transaction dated Thursday, September 5th. The stock was sold at an average price of $76.96, for a total value of $182,823,328.48. Following the completion of the transaction, the insider now directly owns 619,646,544 shares in the company, valued at $47,687,998,026.24. The trade was a 0.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 12,337,337 shares of company stock valued at $958,823,647. 45.58% of the stock is currently owned by corporate insiders.

Walmart Stock Down 0.3 %

WMT stock traded down $0.22 during midday trading on Friday, hitting $84.25. The stock had a trading volume of 17,370,602 shares, compared to its average volume of 12,192,850. The firm has a market cap of $677.22 billion, a price-to-earnings ratio of 43.81, a price-to-earnings-growth ratio of 4.22 and a beta of 0.51. The business has a 50-day moving average of $81.29 and a two-hundred day moving average of $72.78. Walmart Inc. has a 52-week low of $49.85 and a 52-week high of $85.79. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.80 and a quick ratio of 0.22.

Walmart (NYSE:WMT) last issued its quarterly earnings results on Thursday, August 15th. The retailer reported $0.67 earnings per share for the quarter, topping the consensus estimate of $0.65 by $0.02. Walmart had a return on equity of 21.72% and a net margin of 2.34%. The company had revenue of $169.30 billion for the quarter, compared to analysts’ expectations of $168.56 billion. During the same period in the prior year, the firm earned $0.61 earnings per share. The firm’s revenue for the quarter was up 4.7% on a year-over-year basis. As a group, equities research analysts forecast that Walmart Inc. will post 2.44 earnings per share 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.