State of Wyoming Raises Stake in Walmart Inc. (NYSE:WMT)

by · The Cerbat Gem

State of Wyoming boosted its stake in shares of Walmart Inc. (NYSE:WMT – Free Report) by 44.6% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,546 shares of the retailer’s stock after acquiring an additional 785 shares during the quarter. State of Wyoming’s holdings in Walmart were worth $400,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. PFG Private Wealth Management LLC purchased a new stake in Walmart in the 2nd quarter worth approximately $28,000. Knott David M Jr purchased a new stake in shares of Walmart in the 1st quarter worth about $33,000. Marquette Asset Management LLC purchased a new stake in Walmart in the second quarter worth about $34,000. Union Savings Bank purchased a new stake in Walmart in the second quarter worth about $37,000. Finally, Milestone Investment Advisors LLC purchased a new position in shares of Walmart in the 1st quarter valued at approximately $38,000. Hedge funds and other institutional investors own 33.18% of the company’s stock.

Walmart Stock Performance

NYSE WMT opened at $150.86 on Friday. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.23 and a current ratio of 0.85. The stock’s fifty day moving average is $159.76 and its two-hundred day moving average is $158.16. The firm has a market capitalization of $406.15 billion, a P/E ratio of 25.02, a price-to-earnings-growth ratio of 3.23 and a beta of 0.48. Walmart Inc. has a fifty-two week low of $136.09 and a fifty-two week 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 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $1.53. The company had revenue of $160.80 billion for the quarter, compared to analyst estimates of $159.65 billion. Walmart had a net margin of 2.55% and a return on equity of 21.20%. The business’s revenue for the quarter was up 5.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.50 earnings per share. On average, research analysts anticipate that Walmart Inc. will post 6.45 earnings per share for the current year.

Wall Street Analysts Forecast Growth

WMT has been the subject of several recent research reports. Truist Financial raised their price objective on Walmart from $168.00 to $170.00 and gave the company a “hold” rating in a research report on Friday, November 17th. Raymond James boosted their price target on Walmart from $160.00 to $170.00 and gave the stock an “outperform” rating in a research report on Friday, August 18th. Roth Mkm raised their price objective on Walmart from $169.00 to $179.00 and gave the company a “buy” rating in a research report on Friday, August 18th. Barclays boosted their target price on Walmart from $162.00 to $167.00 and gave the stock an “overweight” rating in a report on Friday, August 18th. Finally, Telsey Advisory Group restated an “outperform” rating and set a $185.00 price objective on shares of Walmart in a research note on Friday, November 17th. Four research analysts have rated the stock with a hold rating and twenty-eight have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $179.44.

Check Out Our Latest Report on Walmart

Insiders Place Their Bets

In other Walmart news, Director S Robson Walton sold 885,170 shares of the firm’s stock in a transaction dated 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 owns 233,094,355 shares of the company’s stock, valued at $36,393,021,646.15. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In other Walmart news, Director S Robson Walton sold 885,170 shares of the 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 completion of the sale, the director now directly owns 233,094,355 shares of the company’s stock, valued at approximately $36,393,021,646.15. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, major shareholder Jim C. Walton sold 90,436 shares of the firm’s stock in a transaction dated Monday, November 20th. The shares were sold at an average price of $155.90, for a total transaction of $14,098,972.40. Following the completion of the sale, the insider now owns 234,917,525 shares of the company’s stock, valued at approximately $36,623,642,147.50. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 2,990,310 shares of company stock valued at $466,515,037. 46.51% of the stock is owned by corporate insiders.

About Walmart

(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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