Hemenway Trust Co LLC Sells 1,965 Shares of Walmart Inc. (NYSE:WMT)

Hemenway Trust Co LLC cut its holdings in shares of Walmart Inc. (NYSE:WMT) by 5.1% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 36,558 shares of the retailer’s stock after selling 1,965 shares during the period. Hemenway Trust Co LLC’s holdings in Walmart were worth $2,952,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. EntryPoint Capital LLC acquired a new stake in Walmart in the first quarter valued at about $25,000. TruNorth Capital Management LLC increased 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 buying an additional 249 shares in the last quarter. Cultivar Capital Inc. bought a new position in shares of Walmart in the 2nd quarter valued at $29,000. FSA Wealth Management LLC grew its position in Walmart by 253.0% during the 1st quarter. FSA Wealth Management LLC now owns 526 shares of the retailer’s stock worth $32,000 after acquiring an additional 377 shares during the last quarter. Finally, Kozak & Associates Inc. increased its holdings in Walmart by 216.4% in the 1st quarter. Kozak & Associates Inc. now owns 503 shares of the retailer’s stock worth $32,000 after purchasing an additional 344 shares in the last quarter. Institutional investors and hedge funds own 26.76% of the company’s stock.

Insiders Place Their Bets

In related news, EVP John D. Rainey sold 3,000 shares of the stock in a transaction on Friday, November 1st. The stock was sold at an average price of $82.12, for a total value of $246,360.00. Following the sale, the executive vice president now owns 378,165 shares in the company, valued at approximately $31,054,909.80. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In related news, major shareholder Alice L. Walton sold 2,709,163 shares of the stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $77.37, for a total value of $209,607,941.31. Following the transaction, the insider now owns 630,501,148 shares of the company’s stock, valued at $48,781,873,820.76. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP John D. Rainey sold 3,000 shares of Walmart stock in a transaction dated Friday, November 1st. The stock was sold at an average price of $82.12, for a total value of $246,360.00. Following the completion of the transaction, the executive vice president now owns 378,165 shares in the company, valued at approximately $31,054,909.80. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 12,337,337 shares of company stock worth $958,823,647 in the last three months. 45.58% of the stock is currently owned by corporate insiders.

Walmart Stock Performance

WMT traded up $0.80 on Tuesday, hitting $85.01. The company’s stock had a trading volume of 883,338 shares, compared to its average volume of 16,676,268. The company’s 50 day simple moving average is $80.67 and its 200-day simple moving average is $72.27. 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 Inc. has a 12 month low of $49.85 and a 12 month high of $85.54. The firm has a market cap of $683.33 billion, a P/E ratio of 43.86, a price-to-earnings-growth ratio of 4.25 and a beta of 0.51.

Walmart (NYSE:WMT) last announced its quarterly earnings results on Thursday, August 15th. The retailer reported $0.67 earnings per share for the quarter, beating 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 analysts’ expectations of $168.56 billion. During the same period in the previous year, the business earned $0.61 earnings per share. The firm’s quarterly revenue was up 4.7% compared to the same quarter last year. Analysts forecast that Walmart Inc. will post 2.44 EPS for the current year.

Analyst Ratings Changes

Several analysts have recently weighed in on WMT shares. JPMorgan Chase & Co. boosted their price target on Walmart from $81.00 to $83.00 and gave the stock an “overweight” rating in a report on Friday, August 16th. Piper Sandler restated an “overweight” rating and issued a $83.00 price target (up from $81.00) on shares of Walmart in a research report on Friday, August 16th. BMO Capital Markets restated an “outperform” rating and set a $80.00 target price on shares of Walmart in a research report on Friday, August 16th. StockNews.com upgraded Walmart from a “buy” rating to a “strong-buy” rating in a report on Friday, August 16th. Finally, Tigress Financial raised their price objective on shares of Walmart from $75.00 to $86.00 and gave the stock a “buy” rating in a research report on Tuesday, July 23rd. One equities research analyst has rated the stock with a hold rating, twenty-nine have given a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus target price of $84.15.

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.