Koshinski Asset Management Inc. Decreases Stake in Walmart Inc. (NYSE:WMT)

by · The Cerbat Gem

Koshinski Asset Management Inc. reduced its stake in Walmart Inc. (NYSE:WMT – Free Report) by 5.3% during the third quarter, Holdings Channel.com reports. The firm owned 24,468 shares of the retailer’s stock after selling 1,364 shares during the period. Koshinski Asset Management Inc.’s holdings in Walmart were worth $3,913,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in the business. LCM Capital Management Inc boosted its position in shares of Walmart by 1.3% during the second quarter. LCM Capital Management Inc now owns 9,456 shares of the retailer’s stock valued at $1,486,000 after purchasing an additional 124 shares in the last quarter. Inspirion Wealth Advisors LLC boosted its holdings in Walmart by 7.8% in the second quarter. Inspirion Wealth Advisors LLC now owns 2,071 shares of the retailer’s stock worth $326,000 after acquiring an additional 150 shares in the last quarter. LMG Wealth Partners LLC boosted its holdings in Walmart by 1.3% in the second quarter. LMG Wealth Partners LLC now owns 66,651 shares of the retailer’s stock worth $10,476,000 after acquiring an additional 858 shares in the last quarter. Avitas Wealth Management LLC boosted its holdings in Walmart by 0.7% in the second quarter. Avitas Wealth Management LLC now owns 51,561 shares of the retailer’s stock worth $8,104,000 after acquiring an additional 350 shares in the last quarter. Finally, WJ Interests LLC bought a new stake in Walmart in the second quarter worth $247,000. 33.18% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts have commented on the company. Telsey Advisory Group reissued an “outperform” rating and issued a $185.00 target price on shares of Walmart in a report on Friday, November 17th. Truist Financial boosted their target price on Walmart from $168.00 to $170.00 and gave the stock a “hold” rating in a report on Friday, November 17th. Piper Sandler reissued an “overweight” rating and issued a $210.00 target price on shares of Walmart in a report on Wednesday, September 27th. Jefferies Financial Group boosted their target price on Walmart from $190.00 to $195.00 and gave the stock a “buy” rating in a report on Tuesday, November 14th. Finally, Evercore ISI lowered their price target on Walmart from $187.00 to $177.00 and set an “outperform” rating on the stock in a report on Friday, November 17th. Four equities research analysts have rated the stock with a hold rating and twenty-eight have issued a buy rating to the company’s stock. According to MarketBeat.com, Walmart currently has a consensus rating of “Moderate Buy” and an average price target of $179.44.

Read Our Latest Research Report on Walmart

Walmart Stock Performance

WMT traded down $0.22 during midday trading on Tuesday, reaching $156.43. The company had a trading volume of 1,190,542 shares, compared to its average volume of 6,300,524. The company has a quick ratio of 0.23, a current ratio of 0.85 and a debt-to-equity ratio of 0.49. The business has a 50-day moving average of $158.70 and a two-hundred day moving average of $158.76. The company has a market cap of $421.15 billion, a P/E ratio of 25.98, a P/E/G ratio of 3.32 and a beta of 0.48. Walmart Inc. has a 1 year low of $136.09 and a 1 year high of $169.94.

Walmart (NYSE:WMT – Get Free Report) last issued its quarterly earnings results on Thursday, November 16th. The retailer reported $1.53 EPS for the quarter, hitting analysts’ consensus estimates of $1.53. Walmart had a return on equity of 21.20% and a net margin of 2.55%. The business had revenue of $160.80 billion during the quarter, compared to analysts’ expectations of $159.65 billion. During the same quarter in the prior year, the business posted $1.50 earnings per share. The business’s quarterly revenue was up 5.2% on a year-over-year basis. As a group, equities research analysts predict that Walmart Inc. will post 6.45 earnings per share for the current fiscal year.

Insider Activity at Walmart

In other news, EVP John R. Furner sold 4,375 shares of the firm’s stock in a transaction that occurred on Wednesday, September 27th. The stock was sold at an average price of $162.00, for a total value of $708,750.00. Following the completion of the sale, the executive vice president now directly owns 269,119 shares of the company’s stock, valued at approximately $43,597,278. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, EVP John D. Rainey sold 1,000 shares of Walmart stock in a transaction on Wednesday, November 1st. The stock was sold at an average price of $164.37, for a total value of $164,370.00. Following the transaction, the executive vice president now directly owns 167,735 shares in the company, valued at approximately $27,570,601.95. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP John R. Furner sold 4,375 shares of the firm’s stock in a transaction on Wednesday, September 27th. The stock was sold at an average price of $162.00, for a total value of $708,750.00. Following the completion of the sale, the executive vice president now directly owns 269,119 shares of the company’s stock, valued at approximately $43,597,278. The disclosure for this sale can be found here. Over the last three months, insiders sold 3,493,089 shares of company stock valued at $544,456,070. Insiders own 46.51% of the company’s stock.

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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