D.B. Root & Company LLC Sells 4,874 Shares of Walmart Inc. (NYSE:WMT)

D.B. Root & Company LLC lowered its stake in shares of Walmart Inc. (NYSE:WMT) by 12.5% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 34,054 shares of the retailer’s stock after selling 4,874 shares during the period. Walmart accounts for approximately 0.9% of D.B. Root & Company LLC’s portfolio, making the stock its 22nd largest holding. D.B. Root & Company LLC’s holdings in Walmart were worth $2,750,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in WMT. Liberty Wealth Management LLC purchased a new position in shares of Walmart during the 1st quarter valued at $270,000. Commerce Bank boosted its position in shares of Walmart by 189.4% during the 1st quarter. Commerce Bank now owns 917,625 shares of the retailer’s stock valued at $55,213,000 after acquiring an additional 600,521 shares during the last quarter. Envestnet Portfolio Solutions Inc. grew its holdings in shares of Walmart by 290.7% during the first quarter. Envestnet Portfolio Solutions Inc. now owns 270,065 shares of the retailer’s stock worth $16,250,000 after purchasing an additional 200,947 shares in the last quarter. Sustainable Insight Capital Management LLC purchased a new stake in Walmart in the first quarter valued at approximately $723,000. Finally, Meridian Management Co. lifted its position in Walmart by 200.2% during the first quarter. Meridian Management Co. now owns 140,880 shares of the retailer’s stock valued at $8,477,000 after purchasing an additional 93,955 shares during the last quarter. Institutional investors own 26.76% of the company’s stock.

Walmart Trading Down 0.3 %

NYSE:WMT opened at $83.44 on Thursday. Walmart Inc. has a 52 week low of $49.85 and a 52 week high of $85.54. The stock has a market cap of $670.71 billion, a price-to-earnings ratio of 43.46, a PEG ratio of 4.13 and a beta of 0.51. The company’s 50 day moving average price is $80.22 and its 200-day moving average price is $71.67. 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 posted its earnings results on Thursday, August 15th. The retailer reported $0.67 EPS for the quarter, topping analysts’ consensus estimates of $0.65 by $0.02. The business had revenue of $169.30 billion during the quarter, compared to analyst estimates of $168.56 billion. Walmart had a return on equity of 21.72% and a net margin of 2.34%. The company’s quarterly revenue was up 4.7% compared to the same quarter last year. During the same quarter last year, the company earned $0.61 EPS. On average, equities research analysts forecast that Walmart Inc. will post 2.44 earnings per share for the current fiscal year.

Analyst Ratings Changes

WMT has been the topic of several research reports. Citigroup lifted their price objective on shares of Walmart from $75.00 to $98.00 and gave the stock a “buy” rating in a report on Friday, September 27th. Royal Bank of Canada raised their price objective on Walmart from $74.00 to $80.00 and gave the company an “outperform” rating in a report on Friday, August 16th. Piper Sandler reaffirmed an “overweight” rating and issued a $83.00 target price (up previously from $81.00) on shares of Walmart in a research note on Friday, August 16th. KeyCorp upped their price objective on shares of Walmart from $86.00 to $87.00 and gave the company an “overweight” rating in a research note on Monday, October 28th. Finally, DA Davidson lifted their target price on shares of Walmart from $75.00 to $85.00 and gave the stock a “buy” rating in a research report on Friday, August 16th. One investment analyst has rated the stock with a hold rating, twenty-nine have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, Walmart presently has a consensus rating of “Buy” and an average target price of $83.89.

Insider Buying and Selling at Walmart

In other news, EVP John R. Furner sold 13,125 shares of the business’s stock in a transaction that occurred on Thursday, October 24th. The shares were sold at an average price of $82.96, for a total transaction of $1,088,850.00. Following the completion of the transaction, the executive vice president now directly owns 593,040 shares of the company’s stock, valued at $49,198,598.40. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other Walmart news, EVP John R. Furner sold 13,125 shares of the business’s stock in a transaction dated Thursday, October 24th. The stock was sold at an average price of $82.96, for a total transaction of $1,088,850.00. Following the completion of the sale, the executive vice president now directly owns 593,040 shares in the company, valued at $49,198,598.40. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP John D. Rainey sold 3,000 shares of the stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $77.48, for a total transaction of $232,440.00. Following the completion of the transaction, the executive vice president now owns 384,165 shares in the company, valued at $29,765,104.20. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 12,337,337 shares of company stock worth $958,823,647. Company insiders own 45.58% of the company’s stock.

About Walmart

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.