Independent Family Office LLC Sells 3,900 Shares of Walmart Inc. (NYSE:WMT)

Independent Family Office LLC trimmed its holdings in Walmart Inc. (NYSE:WMT) by 55.6% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,120 shares of the retailer’s stock after selling 3,900 shares during the quarter. Independent Family Office LLC’s holdings in Walmart were worth $252,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also modified their holdings of the company. Peterson Financial Group Inc. bought a new stake in shares of Walmart during the third quarter worth $26,000. TruNorth Capital Management LLC grew its holdings in shares of Walmart by 138.3% during the second quarter. TruNorth Capital Management LLC now owns 429 shares of the retailer’s stock worth $29,000 after purchasing an additional 249 shares during the last quarter. Cultivar Capital Inc. bought a new stake in shares of Walmart during the second quarter worth $29,000. Voisard Asset Management Group Inc. grew its holdings in shares of Walmart by 77.3% during the third quarter. Voisard Asset Management Group Inc. now owns 399 shares of the retailer’s stock worth $32,000 after purchasing an additional 174 shares during the last quarter. Finally, Hoese & Co LLP bought a new position in Walmart in the third quarter valued at about $33,000. 26.76% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, major shareholder Alice L. Walton sold 2,375,563 shares of the firm’s stock in a transaction that occurred on Thursday, September 5th. The stock was sold at an average price of $76.96, for a total transaction of $182,823,328.48. Following the completion of the sale, the insider now owns 619,646,544 shares of the company’s stock, valued at $47,687,998,026.24. This trade represents a 0.38 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Daniel J. Bartlett sold 2,063 shares of the firm’s stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $80.76, for a total value of $166,607.88. Following the sale, the executive vice president now directly owns 459,558 shares of the company’s stock, valued at $37,113,904.08. This represents a 0.45 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 9,673,023 shares of company stock valued at $753,365,984. Company insiders own 45.58% of the company’s stock.

Walmart Trading Up 0.5 %

Shares of WMT stock traded up $0.50 on Tuesday, hitting $93.14. The company had a trading volume of 1,734,960 shares, compared to its average volume of 16,814,594. The firm has a market cap of $748.68 billion, a P/E ratio of 38.01, a P/E/G ratio of 4.39 and a beta of 0.54. The stock’s 50-day moving average is $83.35 and its two-hundred day moving average is $75.04. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.23 and a current ratio of 0.85. Walmart Inc. has a twelve month low of $49.85 and a twelve month high of $93.15.

Walmart (NYSE:WMT) last issued its quarterly earnings results on Tuesday, November 19th. The retailer reported $0.58 earnings per share for the quarter, beating the consensus estimate of $0.53 by $0.05. The company had revenue of $169.59 billion during the quarter, compared to analysts’ expectations of $167.69 billion. Walmart had a return on equity of 21.78% and a net margin of 2.92%. The business’s quarterly revenue was up 5.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.51 earnings per share. On average, equities research analysts anticipate that Walmart Inc. will post 2.47 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities analysts recently issued reports on WMT shares. DZ Bank cut Walmart from a “buy” rating to a “hold” rating and set a $91.00 price target on the stock. in a report on Thursday, November 21st. Piper Sandler raised their price target on Walmart from $83.00 to $93.00 and gave the stock an “overweight” rating in a research report on Monday, November 18th. Wells Fargo & Company raised their price target on Walmart from $90.00 to $96.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 20th. Morgan Stanley raised their price target on Walmart from $89.00 to $100.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 20th. Finally, Roth Mkm raised their price target on Walmart from $81.00 to $97.00 and gave the stock a “buy” rating in a research report on Wednesday, November 20th. Two investment analysts have rated the stock with a hold rating, twenty-nine have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $91.88.

Walmart 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.