Walmart Inc. (NYSE:WMT) Shares Sold by Banque Pictet & Cie SA

by · The Markets Daily

Banque Pictet & Cie SA trimmed its stake in shares of Walmart Inc. (NYSE:WMT – Free Report) by 41.8% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 57,927 shares of the retailer’s stock after selling 41,688 shares during the quarter. Banque Pictet & Cie SA’s holdings in Walmart were worth $3,922,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently made changes to their positions in the company. Vanguard Group Inc. lifted its position in Walmart by 199.4% in the first quarter. Vanguard Group Inc. now owns 411,745,334 shares of the retailer’s stock worth $24,774,717,000 after purchasing an additional 274,229,968 shares during the period. Price T Rowe Associates Inc. MD lifted its holdings in shares of Walmart by 181.0% in the first quarter. Price T Rowe Associates Inc. MD now owns 56,861,234 shares of the retailer’s stock valued at $3,421,342,000 after buying an additional 36,625,314 shares during the period. Norges Bank acquired a new stake in shares of Walmart in the fourth quarter valued at $3,674,652,000. Bank of New York Mellon Corp boosted its stake in Walmart by 183.0% during the first quarter. Bank of New York Mellon Corp now owns 29,172,985 shares of the retailer’s stock valued at $1,755,339,000 after buying an additional 18,865,484 shares in the last quarter. Finally, Swiss National Bank raised its position in Walmart by 187.4% in the first quarter. Swiss National Bank now owns 13,303,200 shares of the retailer’s stock worth $800,454,000 after acquiring an additional 8,674,100 shares in the last quarter. 26.76% of the stock is owned by institutional investors and hedge funds.

Walmart Stock Up 0.2 %

WMT stock opened at $75.70 on Friday. The company has a current ratio of 0.80, a quick ratio of 0.22 and a debt-to-equity ratio of 0.46. The firm has a market cap of $608.90 billion, a PE ratio of 32.40, a PEG ratio of 3.79 and a beta of 0.50. Walmart Inc. has a 1 year low of $49.85 and a 1 year high of $76.22. The company has a fifty day simple moving average of $69.68 and a 200 day simple moving average of $64.03.

Walmart (NYSE:WMT – Get Free Report) last released its quarterly earnings results on Thursday, August 15th. The retailer reported $0.67 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.65 by $0.02. Walmart had a return on equity of 21.72% and a net margin of 2.34%. The company had revenue of $169.30 billion during the quarter, compared to the consensus estimate of $168.56 billion. During the same quarter in the prior year, the company posted $0.61 EPS. The firm’s revenue was up 4.7% on a year-over-year basis. Sell-side analysts anticipate that Walmart Inc. will post 2.44 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the stock. Truist Financial raised their price objective on shares of Walmart from $64.00 to $76.00 and gave the company a “hold” rating in a research report on Friday, August 16th. Robert W. Baird lifted their price target on shares of Walmart from $65.00 to $70.00 and gave the stock an “outperform” rating in a research report on Friday, May 17th. Guggenheim upped their price target on Walmart from $75.00 to $81.00 and gave the company a “buy” rating in a report on Friday, August 16th. Citigroup raised their price objective on Walmart from $63.33 to $75.00 and gave the stock a “buy” rating in a research note on Friday, May 17th. Finally, Deutsche Bank Aktiengesellschaft boosted their price objective on Walmart from $77.00 to $83.00 and gave the stock a “buy” rating in a report on Friday, August 16th. Two equities research analysts have rated the stock with a hold rating, twenty-six have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $78.64.

View Our Latest Report on WMT

Insider Activity

In related news, EVP John D. Rainey sold 3,000 shares of the company’s stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $69.19, for a total transaction of $207,570.00. Following the completion of the sale, the executive vice president now directly owns 387,165 shares of the company’s stock, valued at approximately $26,787,946.35. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In other news, CEO C Douglas Mcmillon sold 29,124 shares of the company’s stock in a transaction that occurred on Thursday, July 25th. The stock was sold at an average price of $70.61, for a total transaction of $2,056,445.64. Following the completion of the transaction, the chief executive officer now directly owns 3,931,301 shares in the company, valued at $277,589,163.61. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP John D. Rainey sold 3,000 shares of the firm’s stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $69.19, for a total transaction of $207,570.00. Following the completion of the sale, the executive vice president now owns 387,165 shares in the company, valued at approximately $26,787,946.35. The disclosure for this sale can be found here. Insiders have sold a total of 8,827,328 shares of company stock valued at $584,261,549 over the last 90 days. 45.58% of the stock is currently owned by company insiders.

Walmart Company Profile

(Free Report)

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.

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