Dillon & Associates Inc. Sells 150 Shares of Walmart Inc. (NYSE:WMT)

Dillon & Associates Inc. cut its holdings in Walmart Inc. (NYSE:WMT) by 0.9% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 16,104 shares of the retailer’s stock after selling 150 shares during the period. Dillon & Associates Inc.’s holdings in Walmart were worth $1,304,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in the business. EntryPoint Capital LLC bought a new position in Walmart during the first quarter worth $25,000. TruNorth Capital Management LLC raised its holdings in Walmart by 138.3% in the 2nd quarter. TruNorth Capital Management LLC now owns 429 shares of the retailer’s stock valued at $29,000 after acquiring an additional 249 shares in the last quarter. Cultivar Capital Inc. acquired a new stake in shares of Walmart during the 2nd quarter worth approximately $29,000. FSA Wealth Management LLC grew its holdings in shares of 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 purchasing an additional 377 shares in the last quarter. Finally, Kozak & Associates Inc. increased its position in shares of Walmart by 216.4% during the first quarter. Kozak & Associates Inc. now owns 503 shares of the retailer’s stock valued at $32,000 after purchasing an additional 344 shares during the period. Institutional investors and hedge funds own 26.76% of the company’s stock.

Insider Buying and Selling

In other Walmart news, major shareholder S Robson Walton sold 4,057,369 shares of the company’s stock in a transaction on Monday, September 9th. The stock was sold at an average price of $77.20, for a total value of $313,228,886.80. Following the transaction, the insider now directly owns 611,988,318 shares of the company’s stock, valued at $47,245,498,149.60. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. In other news, major shareholder S Robson Walton sold 4,057,369 shares of Walmart stock in a transaction that occurred on Monday, September 9th. The shares were sold at an average price of $77.20, for a total value of $313,228,886.80. Following the completion of the sale, the insider now directly owns 611,988,318 shares in the company, valued at approximately $47,245,498,149.60. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO C Douglas Mcmillon sold 29,124 shares of the firm’s stock in a transaction on 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 transaction, the chief executive officer now owns 3,873,053 shares in the company, valued at approximately $312,322,993.92. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 12,337,337 shares of company stock valued at $958,823,647. Insiders own 45.58% of the company’s stock.

Walmart Trading Up 1.0 %

Shares of Walmart stock opened at $85.01 on Wednesday. Walmart Inc. has a 1 year low of $49.85 and a 1 year high of $85.54. The company has a market capitalization of $683.33 billion, a price-to-earnings ratio of 44.20, a P/E/G ratio of 4.21 and a beta of 0.51. The business has a fifty day simple moving average of $80.67 and a two-hundred day simple moving average of $72.27. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.80 and a quick ratio of 0.22.

Walmart (NYSE:WMT) last announced its earnings results on Thursday, August 15th. The retailer reported $0.67 EPS for the quarter, topping the consensus estimate of $0.65 by $0.02. The business had revenue of $169.30 billion during the quarter, compared to the consensus estimate of $168.56 billion. Walmart had a net margin of 2.34% and a return on equity of 21.72%. Walmart’s revenue was up 4.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.61 EPS. Research analysts forecast that Walmart Inc. will post 2.44 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the stock. Truist Financial upgraded shares of Walmart from a “hold” rating to a “buy” rating and increased their price objective for the company from $76.00 to $89.00 in a research note on Tuesday, September 24th. Bank of America raised their price target on shares of Walmart from $75.00 to $85.00 and gave the stock a “buy” rating in a research note on Friday, August 16th. Sanford C. Bernstein initiated coverage on Walmart in a report on Tuesday, October 22nd. They issued an “outperform” rating and a $95.00 target price for the company. The Goldman Sachs Group boosted their price target on Walmart from $73.00 to $81.00 and gave the company a “buy” rating in a research note on Friday, August 16th. Finally, Guggenheim upped their target price on shares of Walmart from $81.00 to $90.00 and gave the stock a “buy” rating in a report on Monday, October 28th. One investment analyst has rated the stock with a hold rating, twenty-nine have assigned a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target of $84.15.

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.