Harrell Investment Partners LLC Trims Stock Position in Walmart Inc. (NYSE:WMT)

Harrell Investment Partners LLC lessened its holdings in shares of Walmart Inc. (NYSE:WMT) by 1.2% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 99,557 shares of the retailer’s stock after selling 1,238 shares during the quarter. Walmart makes up 2.3% of Harrell Investment Partners LLC’s portfolio, making the stock its 11th largest holding. Harrell Investment Partners LLC’s holdings in Walmart were worth $8,039,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Professional Financial Advisors LLC increased its position in Walmart by 0.6% in the third quarter. Professional Financial Advisors LLC now owns 21,839 shares of the retailer’s stock worth $1,763,000 after buying an additional 137 shares in the last quarter. Trust Co of the South grew its stake in shares of Walmart by 0.5% during the 3rd quarter. Trust Co of the South now owns 25,647 shares of the retailer’s stock valued at $2,071,000 after acquiring an additional 138 shares during the period. LVZ Inc. increased its holdings in Walmart by 1.9% in the 2nd quarter. LVZ Inc. now owns 7,824 shares of the retailer’s stock worth $530,000 after acquiring an additional 143 shares in the last quarter. Delta Investment Management LLC lifted its holdings in Walmart by 0.4% during the second quarter. Delta Investment Management LLC now owns 41,813 shares of the retailer’s stock valued at $2,831,000 after purchasing an additional 148 shares in the last quarter. Finally, Sage Rhino Capital LLC boosted its position in shares of Walmart by 2.6% in the second quarter. Sage Rhino Capital LLC now owns 5,893 shares of the retailer’s stock worth $399,000 after purchasing an additional 149 shares during the period. 26.76% of the stock is currently owned by hedge funds and other institutional investors.

Walmart Trading Down 0.1 %

WMT stock traded down $0.09 during trading on Monday, hitting $80.01. The company had a trading volume of 1,733,042 shares, compared to its average volume of 17,205,869. The company has a 50 day simple moving average of $76.55 and a 200-day simple moving average of $68.93. The company has a quick ratio of 0.22, a current ratio of 0.80 and a debt-to-equity ratio of 0.46. Walmart Inc. has a 52-week low of $49.85 and a 52-week high of $81.60. The firm has a market capitalization of $643.56 billion, a P/E ratio of 34.20, a PEG ratio of 3.99 and a beta of 0.51.

Walmart (NYSE:WMT) last posted its earnings results on Thursday, August 15th. The retailer reported $0.67 earnings per share for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to analyst estimates of $168.56 billion. During the same quarter in the prior year, the business earned $0.61 earnings per share. Walmart’s revenue was up 4.7% on a year-over-year basis. As a group, research analysts forecast that Walmart Inc. will post 2.44 earnings per share for the current fiscal year.

Insider Activity at Walmart

In other Walmart news, EVP Daniel J. Bartlett sold 2,063 shares of the stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $80.76, for a total transaction of $166,607.88. Following the completion of 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 represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In related news, major shareholder Alice L. Walton sold 2,709,163 shares of the company’s stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $77.37, for a total transaction of $209,607,941.31. Following the transaction, the insider now directly owns 630,501,148 shares of the company’s stock, valued at $48,781,873,820.76. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, EVP Daniel J. Bartlett sold 2,063 shares of the stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $80.76, for a total value of $166,607.88. Following the completion of the sale, the executive vice president now owns 459,558 shares of the company’s stock, valued at approximately $37,113,904.08. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 12,335,272 shares of company stock valued at $958,101,276 over the last quarter. 45.58% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several analysts have recently commented on the stock. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Walmart from $77.00 to $83.00 and gave the company a “buy” rating in a research report on Friday, August 16th. JPMorgan Chase & Co. increased their target price on Walmart from $81.00 to $83.00 and gave the stock an “overweight” rating in a research report on Friday, August 16th. Bank of America boosted their price target on Walmart from $75.00 to $85.00 and gave the stock a “buy” rating in a report on Friday, August 16th. Piper Sandler reiterated 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. Finally, Melius Research started coverage on shares of Walmart in a research report on Monday, September 23rd. They set a “buy” rating and a $95.00 target price for the company. One investment analyst has rated the stock with a hold rating, twenty-eight have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus price target of $82.96.

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.