Mendel Capital Management LLC Has $4.24 Million Stock Position in Walmart Inc. (NYSE:WMT)

Mendel Capital Management LLC trimmed its holdings in Walmart Inc. (NYSE:WMT) by 2.2% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 52,490 shares of the retailer’s stock after selling 1,177 shares during the quarter. Walmart comprises about 2.6% of Mendel Capital Management LLC’s investment portfolio, making the stock its 9th biggest holding. Mendel Capital Management LLC’s holdings in Walmart were worth $4,239,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the business. Oxbow Advisors LLC increased its stake in Walmart by 45.0% during the 3rd quarter. Oxbow Advisors LLC now owns 28,453 shares of the retailer’s stock valued at $2,298,000 after purchasing an additional 8,834 shares in the last quarter. Crossmark Global Holdings Inc. grew its stake in shares of Walmart by 21.9% in the third quarter. Crossmark Global Holdings Inc. now owns 587,001 shares of the retailer’s stock worth $47,400,000 after acquiring an additional 105,430 shares during the period. Whalerock Point Partners LLC grew its stake in shares of Walmart by 213.5% in the first quarter. Whalerock Point Partners LLC now owns 29,613 shares of the retailer’s stock worth $1,782,000 after acquiring an additional 20,167 shares during the period. WFA Asset Management Corp grew its stake in shares of Walmart by 201.0% in the first quarter. WFA Asset Management Corp now owns 2,092 shares of the retailer’s stock worth $126,000 after acquiring an additional 1,397 shares during the period. Finally, Principal Financial Group Inc. grew its stake in shares of Walmart by 14.9% in the third quarter. Principal Financial Group Inc. now owns 6,235,504 shares of the retailer’s stock worth $503,517,000 after acquiring an additional 809,352 shares during the period. 26.76% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

WMT has been the subject of a number of research analyst reports. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Walmart from $77.00 to $83.00 and gave the stock a “buy” rating in a research note on Friday, August 16th. Wells Fargo & Company raised their price objective on shares of Walmart from $88.00 to $90.00 and gave the stock an “overweight” rating in a report on Thursday, October 31st. Piper Sandler reissued an “overweight” rating and issued a $83.00 price objective (up previously from $81.00) on shares of Walmart in a report on Friday, August 16th. UBS Group raised their price objective on shares of Walmart from $81.00 to $92.00 and gave the stock a “buy” rating in a report on Friday, October 11th. Finally, 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 report on Friday, August 16th. One analyst has rated the stock with a hold rating, twenty-eight have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target of $85.18.

Insider Buying and Selling at Walmart

In other news, major shareholder S Robson Walton sold 4,057,369 shares of the business’s 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 sale, the insider now directly owns 611,988,318 shares of the company’s stock, valued at approximately $47,245,498,149.60. The trade was a 0.66 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, major shareholder Alice L. Walton sold 2,709,163 shares of the business’s 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 sale, the insider now directly owns 630,501,148 shares of the company’s stock, valued at $48,781,873,820.76. This represents a 0.43 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 12,337,337 shares of company stock worth $958,823,647 over the last quarter. Insiders own 45.58% of the company’s stock.

Walmart Trading Down 0.3 %

Shares of WMT opened at $84.25 on Monday. The company’s fifty day moving average is $81.29 and its 200 day moving average is $72.98. Walmart Inc. has a fifty-two week low of $49.85 and a fifty-two week high of $85.79. The stock has a market capitalization of $677.22 billion, a PE ratio of 43.80, a P/E/G ratio of 4.20 and a beta of 0.51. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.22 and a current ratio of 0.80.

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

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.