West Family Investments Inc. Has $1.44 Million Holdings in Walmart Inc. (NYSE:WMT)

by · The Cerbat Gem

West Family Investments Inc. cut its stake in shares of Walmart Inc. (NYSE:WMT – Free Report) by 1.3% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 9,000 shares of the retailer’s stock after selling 116 shares during the quarter. West Family Investments Inc.’s holdings in Walmart were worth $1,439,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Bank Julius Baer & Co. Ltd Zurich boosted its stake in shares of Walmart by 93,272.8% in the 2nd quarter. Bank Julius Baer & Co. Ltd Zurich now owns 821,003,685 shares of the retailer’s stock valued at $129,045,359,000 after purchasing an additional 820,124,410 shares during the last quarter. Moneta Group Investment Advisors LLC lifted its holdings in Walmart by 112,181.6% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 22,854,919 shares of the retailer’s stock valued at $3,240,599,000 after buying an additional 22,834,564 shares during the period. Norges Bank bought a new stake in Walmart during the fourth quarter valued at $2,598,736,000. Barclays PLC grew its holdings in Walmart by 184.7% during the 2nd quarter. Barclays PLC now owns 3,074,778 shares of the retailer’s stock worth $483,297,000 after acquiring an additional 1,994,682 shares during the period. Finally, Morgan Stanley raised its position in shares of Walmart by 9.4% in the 4th quarter. Morgan Stanley now owns 22,382,688 shares of the retailer’s stock worth $3,173,642,000 after acquiring an additional 1,923,199 shares in the last quarter. Institutional investors own 33.18% of the company’s stock.

Insider Buying and Selling at Walmart

In related news, Director S Robson Walton sold 885,170 shares of the firm’s stock in a transaction that occurred on Tuesday, November 21st. The stock was sold at an average price of $156.13, for a total transaction of $138,201,592.10. Following the transaction, the director now directly owns 233,094,355 shares in the company, valued at approximately $36,393,021,646.15. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. In other Walmart news, Director S Robson Walton sold 885,170 shares of the firm’s stock in a transaction on Tuesday, November 21st. The shares were sold at an average price of $156.13, for a total value of $138,201,592.10. Following the sale, the director now owns 233,094,355 shares of the company’s stock, valued at approximately $36,393,021,646.15. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP John R. Furner sold 4,375 shares of the business’s stock in a transaction dated Wednesday, October 25th. The shares were sold at an average price of $163.16, for a total transaction of $713,825.00. Following the completion of the transaction, the executive vice president now owns 264,744 shares in the company, valued at approximately $43,195,631.04. The disclosure for this sale can be found here. Insiders sold a total of 6,438,607 shares of company stock worth $1,008,984,703 over the last three months. Company insiders own 46.51% of the company’s stock.

Walmart Price Performance

NYSE WMT traded down $0.86 during trading hours on Friday, reaching $162.38. 6,391,765 shares of the stock traded hands, compared to its average volume of 5,252,547. The company has a debt-to-equity ratio of 0.49, a current ratio of 0.85 and a quick ratio of 0.23. The stock has a 50 day simple moving average of $157.35 and a two-hundred day simple moving average of $159.25. Walmart Inc. has a 1 year low of $136.09 and a 1 year high of $169.94. The company has a market cap of $437.16 billion, a price-to-earnings ratio of 26.93, a price-to-earnings-growth ratio of 3.46 and a beta of 0.48.

Walmart (NYSE:WMT – Get Free Report) last issued its earnings results on Thursday, November 16th. The retailer reported $1.53 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.53. The business had revenue of $160.80 billion during the quarter, compared to analyst estimates of $159.65 billion. Walmart had a return on equity of 21.20% and a net margin of 2.55%. Walmart’s revenue for the quarter was up 5.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.50 earnings per share. On average, analysts predict that Walmart Inc. will post 6.44 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on WMT shares. Morgan Stanley decreased their target price on Walmart from $170.00 to $168.00 and set an “overweight” rating for the company in a research note on Friday, November 17th. Royal Bank of Canada reissued an “outperform” rating and set a $168.00 price target on shares of Walmart in a research report on Friday, November 17th. Truist Financial boosted their price objective on Walmart from $168.00 to $170.00 and gave the stock a “hold” rating in a research report on Friday, November 17th. Telsey Advisory Group restated an “outperform” rating and set a $185.00 price objective on shares of Walmart in a report on Friday, November 17th. Finally, Jefferies Financial Group boosted their target price on shares of Walmart from $190.00 to $195.00 and gave the company a “buy” rating in a research note on Tuesday, November 14th. Four equities research analysts have rated the stock with a hold rating and twenty-eight have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $179.44.

View Our Latest Analysis on Walmart

Walmart Company Profile

(Free Report)

Walmart Inc engages in the operation of retail, wholesale, and other units 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, walmart.com.mx, walmart.ca, flipkart.com, and samsclub.com; and mobile commerce applications.

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