Cornerstone Advisors LLC Sells 200 Shares of Walmart Inc. (NYSE:WMT)

Cornerstone Advisors LLC decreased its position in shares of Walmart Inc. (NYSE:WMT) by 0.1% during the second quarter, according to its most recent filing with the SEC. The firm owned 372,800 shares of the retailer’s stock after selling 200 shares during the period. Walmart comprises about 1.0% of Cornerstone Advisors LLC’s holdings, making the stock its 19th largest holding. Cornerstone Advisors LLC’s holdings in Walmart were worth $25,242,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. Landmark Financial Advisors LLC increased its stake in shares of Walmart by 1.0% during the fourth quarter. Landmark Financial Advisors LLC now owns 7,055 shares of the retailer’s stock valued at $1,112,000 after purchasing an additional 70 shares in the last quarter. Syverson Strege & Co grew its stake in shares of Walmart by 2.6% in the 4th quarter. Syverson Strege & Co now owns 3,377 shares of the retailer’s stock worth $532,000 after buying an additional 85 shares during the last quarter. Amussen Hunsaker Associates LLC increased its position in Walmart by 0.5% during the 4th quarter. Amussen Hunsaker Associates LLC now owns 15,979 shares of the retailer’s stock valued at $2,519,000 after buying an additional 86 shares in the last quarter. Western Pacific Wealth Management LP raised its stake in Walmart by 4.9% during the fourth quarter. Western Pacific Wealth Management LP now owns 1,892 shares of the retailer’s stock valued at $298,000 after buying an additional 88 shares during the last quarter. Finally, Per Stirling Capital Management LLC. boosted its holdings in Walmart by 2.6% in the fourth quarter. Per Stirling Capital Management LLC. now owns 4,009 shares of the retailer’s stock worth $632,000 after acquiring an additional 100 shares in the last quarter. Institutional investors own 26.76% of the company’s stock.

Walmart Stock Up 1.2 %

WMT stock opened at $80.60 on Monday. Walmart Inc. has a twelve month low of $49.85 and a twelve month high of $80.68. The stock has a market cap of $647.88 billion, a P/E ratio of 34.49, a PEG ratio of 3.99 and a beta of 0.51. The business’s 50-day moving average price is $72.51 and its 200-day moving average price is $66.18. The company has a quick ratio of 0.22, a current ratio of 0.80 and a debt-to-equity ratio of 0.46.

Walmart (NYSE:WMT) last announced its quarterly earnings data on Thursday, August 15th. The retailer reported $0.67 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.65 by $0.02. The firm had revenue of $169.30 billion during the quarter, compared to analysts’ expectations of $168.56 billion. Walmart had a net margin of 2.34% and a return on equity of 21.72%. The company’s revenue for the quarter was up 4.7% compared to the same quarter last year. During the same period in the prior year, the company posted $0.61 earnings per share. On average, equities research analysts forecast that Walmart Inc. will post 2.44 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on WMT shares. Piper Sandler restated an “overweight” rating and set a $83.00 price target (up from $81.00) on shares of Walmart in a report on Friday, August 16th. Evercore ISI raised their price objective on shares of Walmart from $78.00 to $80.00 and gave the company an “outperform” rating in a research note on Thursday, August 22nd. Guggenheim upped their target price on shares of Walmart from $75.00 to $81.00 and gave the stock a “buy” rating in a research note on Friday, August 16th. The Goldman Sachs Group raised their price target on shares of Walmart from $73.00 to $81.00 and gave the company a “buy” rating in a research report on Friday, August 16th. Finally, UBS Group upped their price objective on Walmart from $74.00 to $81.00 and gave the company a “buy” rating in a research report on Friday, August 16th. Two research analysts have rated the stock with a hold rating, twenty-six have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Walmart has a consensus rating of “Moderate Buy” and a consensus target price of $78.99.

Insider Buying and Selling

In other news, major shareholder Jim C. Walton sold 934,000 shares of the business’s stock in a transaction on Thursday, September 12th. The shares were sold at an average price of $79.46, for a total value of $74,215,640.00. Following the transaction, the insider now owns 610,843,318 shares of the company’s stock, valued at $48,537,610,048.28. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other news, EVP John D. Rainey sold 3,000 shares of Walmart stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $77.48, for a total value of $232,440.00. Following the sale, the executive vice president now directly owns 384,165 shares of the company’s stock, valued at $29,765,104.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder Jim C. Walton sold 934,000 shares of the stock in a transaction that occurred on Thursday, September 12th. The shares were sold at an average price of $79.46, for a total value of $74,215,640.00. Following the transaction, the insider now directly owns 610,843,318 shares of the company’s stock, valued at $48,537,610,048.28. The disclosure for this sale can be found here. In the last three months, insiders have sold 10,203,360 shares of company stock valued at $788,678,803. Corporate insiders own 45.58% of the company’s stock.

Walmart Company 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.