TrinityPoint Wealth LLC Trims Position in Walmart Inc. (NYSE:WMT)

TrinityPoint Wealth LLC lowered its stake in shares of Walmart Inc. (NYSE:WMT) by 2.0% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 72,395 shares of the retailer’s stock after selling 1,515 shares during the quarter. Walmart comprises 0.8% of TrinityPoint Wealth LLC’s portfolio, making the stock its 26th largest position. TrinityPoint Wealth LLC’s holdings in Walmart were worth $5,846,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently bought and sold shares of the company. Investment Advisory Group LLC increased its stake in shares of Walmart by 2.1% in the 3rd quarter. Investment Advisory Group LLC now owns 6,182 shares of the retailer’s stock worth $499,000 after acquiring an additional 126 shares in the last quarter. Jag Capital Management LLC grew its holdings in Walmart by 1.4% in the third quarter. Jag Capital Management LLC now owns 9,413 shares of the retailer’s stock worth $760,000 after purchasing an additional 132 shares during the period. Professional Financial Advisors LLC increased its stake in shares of Walmart by 0.6% during the third quarter. Professional Financial Advisors LLC now owns 21,839 shares of the retailer’s stock valued at $1,763,000 after purchasing an additional 137 shares in the last quarter. Inspire Advisors LLC lifted its holdings in shares of Walmart by 2.1% during the third quarter. Inspire Advisors LLC now owns 6,677 shares of the retailer’s stock valued at $539,000 after purchasing an additional 137 shares during the last quarter. Finally, Creative Financial Designs Inc. ADV boosted its position in shares of Walmart by 2.0% in the 3rd quarter. Creative Financial Designs Inc. ADV now owns 6,987 shares of the retailer’s stock worth $564,000 after purchasing an additional 137 shares in the last quarter. 26.76% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on WMT. Melius Research initiated coverage on Walmart in a research note on Monday, September 23rd. They set a “buy” rating and a $95.00 price objective for the company. TD Cowen lifted their price target on Walmart from $80.00 to $85.00 and gave the stock a “buy” rating in a research report on Friday, August 16th. Robert W. Baird upped their price target on shares of Walmart from $82.00 to $90.00 and gave the stock an “outperform” rating in a research note on Monday, September 30th. Guggenheim raised their price objective on shares of Walmart from $81.00 to $90.00 and gave the company a “buy” rating in a research note on Monday, October 28th. Finally, Truist Financial upgraded shares of Walmart from a “hold” rating to a “buy” rating and upped their target price for the stock from $76.00 to $89.00 in a research note on Tuesday, September 24th. One equities research analyst has rated the stock with a hold rating, twenty-eight have issued a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price of $85.18.

Walmart Trading Down 0.3 %

NYSE:WMT opened at $84.25 on Monday. Walmart Inc. has a one year low of $49.85 and a one year high of $85.79. The business has a fifty day moving average price of $81.29 and a 200-day moving average price of $72.98. The firm has a market capitalization of $677.22 billion, a price-to-earnings ratio of 43.80, a price-to-earnings-growth ratio of 4.20 and a beta of 0.51. 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 EPS for the quarter, topping analysts’ consensus estimates of $0.65 by $0.02. The business had revenue of $169.30 billion during the quarter, compared to analysts’ expectations of $168.56 billion. Walmart had a return on equity of 21.72% and a net margin of 2.34%. The business’s quarterly revenue was up 4.7% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.61 earnings per share. Sell-side analysts forecast that Walmart Inc. will post 2.44 EPS for the current year.

Insider Buying and Selling

In related news, major shareholder Alice L. Walton sold 2,709,163 shares of Walmart stock in a transaction 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 transaction, the insider now owns 630,501,148 shares in the company, valued at approximately $48,781,873,820.76. The trade was a 0.43 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, 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 value of $246,360.00. Following the completion of the sale, the executive vice president now owns 378,165 shares of the company’s stock, valued at $31,054,909.80. The trade was a 0.79 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 12,337,337 shares of company stock valued at $958,823,647. 45.58% of the stock is owned by corporate insiders.

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.