Resources Management Corp CT ADV Has $4.44 Million Holdings in Walmart Inc. (NYSE:WMT)

Resources Management Corp CT ADV lessened its position in shares of Walmart Inc. (NYSE:WMT) by 0.3% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 54,934 shares of the retailer’s stock after selling 182 shares during the quarter. Resources Management Corp CT ADV’s holdings in Walmart were worth $4,436,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Peterson Financial Group Inc. acquired a new stake in shares of Walmart during the 3rd quarter worth approximately $26,000. TruNorth Capital Management LLC grew its holdings in shares of Walmart by 138.3% during the 2nd quarter. TruNorth Capital Management LLC now owns 429 shares of the retailer’s stock worth $29,000 after purchasing an additional 249 shares in the last quarter. Cultivar Capital Inc. acquired a new stake in shares of Walmart during the 2nd quarter worth approximately $29,000. Voisard Asset Management Group Inc. grew its holdings in shares of Walmart by 77.3% during the 3rd quarter. Voisard Asset Management Group Inc. now owns 399 shares of the retailer’s stock worth $32,000 after purchasing an additional 174 shares in the last quarter. Finally, Hoese & Co LLP acquired a new stake in shares of Walmart during the 3rd quarter worth approximately $33,000. Institutional investors and hedge funds own 26.76% of the company’s stock.

Insider Buying and Selling

In related news, EVP John D. Rainey sold 3,000 shares of Walmart stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $92.47, for a total transaction of $277,410.00. Following the completion of the sale, the executive vice president now directly owns 375,165 shares of the company’s stock, valued at $34,691,507.55. The trade was a 0.79 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Daniel J. Bartlett sold 2,063 shares of Walmart stock in a transaction on Monday, September 16th. The stock was sold at an average price of $80.76, for a total value of $166,607.88. Following the sale, the executive vice president now directly owns 459,558 shares of the company’s stock, valued at approximately $37,113,904.08. This trade represents a 0.45 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 3,243,091 shares of company stock valued at $257,591,179 over the last three months. Company insiders own 45.58% of the company’s stock.

Walmart Trading Down 1.9 %

WMT stock opened at $93.87 on Tuesday. The company has a market cap of $754.55 billion, a P/E ratio of 38.52, a PEG ratio of 4.54 and a beta of 0.54. Walmart Inc. has a twelve month low of $49.85 and a twelve month high of $96.18. The company has a quick ratio of 0.23, a current ratio of 0.85 and a debt-to-equity ratio of 0.56. The business has a fifty day moving average of $85.00 and a 200-day moving average of $76.28.

Walmart (NYSE:WMT) last announced its quarterly earnings data on Tuesday, November 19th. The retailer reported $0.58 EPS for the quarter, topping 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 business had revenue of $169.59 billion during the quarter, compared to analysts’ expectations of $167.69 billion. During the same period in the previous year, the firm earned $0.51 earnings per share. The firm’s quarterly revenue was up 5.5% compared to the same quarter last year. As a group, equities research analysts expect that Walmart Inc. will post 2.47 EPS for the current year.

Analyst Ratings Changes

Several brokerages recently commented on WMT. Sanford C. Bernstein boosted their price target on Walmart from $98.00 to $102.00 and gave the company an “outperform” rating in a research note on Wednesday, November 20th. Stifel Nicolaus boosted their price target on Walmart from $85.00 to $89.00 and gave the company a “hold” rating in a research note on Wednesday, November 20th. Piper Sandler boosted their price target on Walmart from $83.00 to $93.00 and gave the company an “overweight” rating in a research note on Monday, November 18th. Roth Mkm boosted their price target on Walmart from $81.00 to $97.00 and gave the company a “buy” rating in a research note on Wednesday, November 20th. Finally, Royal Bank of Canada boosted their price target on Walmart from $88.00 to $92.00 and gave the company an “overweight” rating in a research note on Monday, November 18th. Two equities research analysts have rated the stock with a hold rating, twenty-nine have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $92.11.

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.