StoneX Group Inc. Sells 2,877 Shares of Walmart Inc. (NYSE:WMT)

StoneX Group Inc. cut its position in Walmart Inc. (NYSE:WMT) by 6.2% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 43,900 shares of the retailer’s stock after selling 2,877 shares during the period. StoneX Group Inc.’s holdings in Walmart were worth $3,545,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in WMT. EntryPoint Capital LLC bought a new position in shares of Walmart in the 1st quarter valued at about $25,000. Peterson Financial Group Inc. acquired a new stake in Walmart in the 3rd quarter valued at about $26,000. TruNorth Capital Management LLC grew its holdings in 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 period. Cultivar Capital Inc. acquired a new position in Walmart during the second quarter worth approximately $29,000. Finally, FSA Wealth Management LLC raised its stake in Walmart by 253.0% in the first quarter. FSA Wealth Management LLC now owns 526 shares of the retailer’s stock valued at $32,000 after buying an additional 377 shares during the period. 26.76% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the company. The Goldman Sachs Group lifted their target price on Walmart from $73.00 to $81.00 and gave the stock a “buy” rating in a research note on Friday, August 16th. Piper Sandler lifted their price objective on shares of Walmart from $83.00 to $93.00 and gave the stock an “overweight” rating in a research report on Monday, November 18th. Royal Bank of Canada upped their price objective on shares of Walmart from $88.00 to $92.00 and gave the company an “overweight” rating in a report on Monday, November 18th. Stifel Nicolaus raised their target price on shares of Walmart from $85.00 to $89.00 and gave the stock a “hold” rating in a research note on Wednesday. Finally, Truist Financial upped their price target on shares of Walmart from $89.00 to $98.00 and gave the company a “buy” rating in a research note on Wednesday. Two research analysts have rated the stock with a hold rating, twenty-nine have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $91.88.

Insider Activity at Walmart

In related news, major shareholder Alice L. Walton sold 2,709,163 shares of the firm’s stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $77.37, for a total transaction of $209,607,941.31. Following the sale, the insider now owns 630,501,148 shares of the company’s stock, valued at $48,781,873,820.76. This trade represents a 0.43 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO C Douglas Mcmillon sold 29,124 shares of the company’s stock in a transaction dated Thursday, September 26th. The stock was sold at an average price of $80.64, for a total value of $2,348,559.36. Following the completion of the transaction, the chief executive officer now directly owns 3,873,053 shares of the company’s stock, valued at approximately $312,322,993.92. The trade was a 0.75 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 12,337,337 shares of company stock valued at $958,823,647. 45.58% of the stock is owned by insiders.

Walmart Stock Up 2.3 %

NYSE WMT opened at $90.44 on Friday. Walmart Inc. has a fifty-two week low of $49.85 and a fifty-two week high of $90.91. The business has a fifty day moving average price of $82.12 and a two-hundred day moving average price of $73.84. The company has a debt-to-equity ratio of 0.56, a current ratio of 0.85 and a quick ratio of 0.22. The stock has a market capitalization of $726.98 billion, a PE ratio of 37.12, a PEG ratio of 4.30 and a beta of 0.51.

Walmart (NYSE:WMT) last released its quarterly earnings data 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 business had revenue of $169.59 billion for the quarter, compared to analyst estimates of $167.69 billion. Walmart had a return on equity of 21.78% and a net margin of 2.92%. Walmart’s revenue was up 5.5% compared to the same quarter last year. During the same period last year, the firm posted $0.51 earnings per share. Equities analysts expect that Walmart Inc. will post 2.47 earnings per share for the current fiscal year.

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.