Horrell Capital Management Inc. Decreases Stake in Walmart Inc. (NYSE:WMT)

Horrell Capital Management Inc. lessened its position in shares of Walmart Inc. (NYSE:WMT) by 9.4% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 86,375 shares of the retailer’s stock after selling 8,940 shares during the period. Walmart comprises 2.1% of Horrell Capital Management Inc.’s investment portfolio, making the stock its 13th biggest holding. Horrell Capital Management Inc.’s holdings in Walmart were worth $6,975,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. New Mexico Educational Retirement Board raised its position in shares of Walmart by 12.7% during the 1st quarter. New Mexico Educational Retirement Board now owns 82,293 shares of the retailer’s stock worth $4,952,000 after acquiring an additional 9,300 shares in the last quarter. MPS Loria Financial Planners LLC increased its stake in Walmart by 139.6% in the first quarter. MPS Loria Financial Planners LLC now owns 5,670 shares of the retailer’s stock valued at $341,000 after purchasing an additional 3,304 shares during the last quarter. Physician Wealth Advisors Inc. raised its holdings in Walmart by 209.2% during the first quarter. Physician Wealth Advisors Inc. now owns 10,713 shares of the retailer’s stock worth $641,000 after purchasing an additional 7,248 shares in the last quarter. River Street Advisors LLC lifted its position in shares of Walmart by 190.3% during the 1st quarter. River Street Advisors LLC now owns 11,992 shares of the retailer’s stock worth $722,000 after buying an additional 7,861 shares during the last quarter. Finally, Annapolis Financial Services LLC lifted its position in shares of Walmart by 29.5% during the 1st quarter. Annapolis Financial Services LLC now owns 3,942 shares of the retailer’s stock worth $237,000 after buying an additional 898 shares during the last quarter. 26.76% of the stock is owned by hedge funds and other institutional investors.

Walmart Price Performance

NYSE:WMT opened at $81.72 on Wednesday. Walmart Inc. has a 12-month low of $49.85 and a 12-month high of $83.34. The firm has a market cap of $656.89 billion, a price-to-earnings ratio of 42.56, a price-to-earnings-growth ratio of 4.13 and a beta of 0.51. The company’s 50-day moving average is $79.42 and its two-hundred day moving average is $70.78. The company has a current ratio of 0.80, a quick ratio of 0.22 and a debt-to-equity ratio of 0.46.

Walmart (NYSE:WMT) last announced its quarterly earnings data on Thursday, August 15th. The retailer reported $0.67 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.65 by $0.02. The business had revenue of $169.30 billion for the quarter, compared to the consensus estimate of $168.56 billion. Walmart had a net margin of 2.34% and a return on equity of 21.72%. The company’s quarterly revenue was up 4.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.61 earnings per share. Research analysts expect that Walmart Inc. will post 2.44 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the stock. Guggenheim lifted their price target on shares of Walmart from $81.00 to $90.00 and gave the stock a “buy” rating in a research note on Monday. The Goldman Sachs Group raised their price objective on shares of Walmart from $73.00 to $81.00 and gave the stock a “buy” rating in a research report on Friday, August 16th. TD Cowen upped their price objective on Walmart from $80.00 to $85.00 and gave the company a “buy” rating in a research note on Friday, August 16th. Evercore ISI lifted their target price on Walmart from $82.00 to $85.00 and gave the company an “outperform” rating in a research note on Tuesday, October 22nd. Finally, Royal Bank of Canada upped their price target on Walmart from $74.00 to $80.00 and gave the stock an “outperform” rating in a research note on Friday, August 16th. One investment analyst has rated the stock with a hold rating, twenty-nine have assigned a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Buy” and an average target price of $83.83.

Insider Transactions at Walmart

In related news, major shareholder S Robson Walton sold 4,057,369 shares of the company’s stock in a transaction on Monday, September 9th. The stock was sold at an average price of $77.20, for a total value of $313,228,886.80. Following the completion of the transaction, the insider now directly owns 611,988,318 shares in the company, valued at approximately $47,245,498,149.60. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In related news, major shareholder Alice L. Walton sold 2,709,163 shares of the company’s stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $77.37, for a total transaction of $209,607,941.31. Following the completion of the transaction, the insider now owns 630,501,148 shares of the company’s stock, valued at approximately $48,781,873,820.76. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, major shareholder S Robson Walton sold 4,057,369 shares of Walmart stock in a transaction on 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 transaction, the insider now owns 611,988,318 shares in the company, valued at approximately $47,245,498,149.60. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 12,337,337 shares of company stock worth $958,784,857 over the last quarter. 45.58% of the stock is currently owned by insiders.

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.