Walmart Inc. (NYSE:WMT) Shares Acquired by RB Capital Management LLC

RB Capital Management LLC increased its stake in Walmart Inc. (NYSE:WMT) by 1.1% during the third quarter, HoldingsChannel.com reports. The fund owned 34,053 shares of the retailer’s stock after buying an additional 364 shares during the period. RB Capital Management LLC’s holdings in Walmart were worth $2,750,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of WMT. Maia Wealth LLC acquired a new stake in shares of Walmart in the second quarter worth $510,000. Deltec Asset Management LLC boosted its position in shares of Walmart by 60.8% in the second quarter. Deltec Asset Management LLC now owns 93,853 shares of the retailer’s stock worth $6,355,000 after buying an additional 35,487 shares during the period. ORG Partners LLC boosted its position in shares of Walmart by 3,422.6% in the second quarter. ORG Partners LLC now owns 61,822 shares of the retailer’s stock worth $4,172,000 after buying an additional 60,067 shares during the period. Bremer Bank National Association boosted its position in shares of Walmart by 8.1% in the second quarter. Bremer Bank National Association now owns 9,996 shares of the retailer’s stock worth $677,000 after buying an additional 745 shares during the period. Finally, Key Client Fiduciary Advisors LLC boosted its position in shares of Walmart by 2.6% in the second quarter. Key Client Fiduciary Advisors LLC now owns 33,234 shares of the retailer’s stock worth $2,250,000 after buying an additional 829 shares during the period. 26.76% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other Walmart news, major shareholder S Robson Walton sold 1,804,000 shares of the company’s stock in a transaction on Tuesday, September 17th. The stock was sold at an average price of $79.18, for a total transaction of $142,840,720.00. Following the transaction, the insider now owns 605,979,318 shares of the company’s stock, valued at approximately $47,981,442,399.24. This represents a 0.30 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Daniel J. Bartlett sold 2,063 shares of the company’s 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 transaction, the executive vice president now directly owns 459,558 shares in the company, valued at approximately $37,113,904.08. This represents a 0.45 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 3,243,091 shares of company stock worth $257,591,179. Company insiders own 45.58% of the company’s stock.

Walmart Trading Down 1.9 %

Shares of WMT opened at $93.87 on Tuesday. Walmart Inc. has a 12-month low of $49.85 and a 12-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 firm has a market capitalization of $754.55 billion, a price-to-earnings ratio of 38.52, a P/E/G ratio of 4.54 and a beta of 0.54. The stock’s 50-day moving average price is $85.00 and its 200 day moving average price is $76.28.

Walmart (NYSE:WMT) last released its quarterly earnings data on Tuesday, November 19th. The retailer reported $0.58 earnings per share for the quarter, beating the consensus estimate of $0.53 by $0.05. Walmart had a return on equity of 21.78% and a net margin of 2.92%. The company had revenue of $169.59 billion for the quarter, compared to analyst estimates of $167.69 billion. During the same period in the prior year, the company posted $0.51 EPS. The company’s revenue was up 5.5% compared to the same quarter last year. As a group, research analysts predict that Walmart Inc. will post 2.47 earnings per share for the current year.

Analyst Upgrades and Downgrades

WMT has been the subject of a number of research reports. StockNews.com cut Walmart from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, November 20th. Royal Bank of Canada lifted their price objective on Walmart from $88.00 to $92.00 and gave the company an “overweight” rating in a research report on Monday, November 18th. Barclays lifted their price objective on Walmart from $78.00 to $90.00 and gave the company an “overweight” rating in a research report on Friday, November 22nd. Truist Financial lifted their price objective on Walmart from $89.00 to $98.00 and gave the company a “buy” rating in a research report on Wednesday, November 20th. Finally, Oppenheimer boosted their price target on Walmart from $81.00 to $90.00 and gave the stock an “outperform” rating in a research report on Monday, October 14th. Two investment 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 MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $92.11.

About Walmart

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.