Verity & Verity LLC Has $1.12 Million Stock Holdings in Walmart Inc. (NYSE:WMT)

Verity & Verity LLC lessened its position in shares of Walmart Inc. (NYSE:WMT) by 9.4% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 13,882 shares of the retailer’s stock after selling 1,443 shares during the quarter. Verity & Verity LLC’s holdings in Walmart were worth $1,121,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Oxbow Advisors LLC boosted its position in shares of Walmart by 45.0% during the 3rd quarter. Oxbow Advisors LLC now owns 28,453 shares of the retailer’s stock valued at $2,298,000 after acquiring an additional 8,834 shares in the last quarter. Crossmark Global Holdings Inc. grew its stake in shares of Walmart by 21.9% in the 3rd quarter. Crossmark Global Holdings Inc. now owns 587,001 shares of the retailer’s stock valued at $47,400,000 after purchasing an additional 105,430 shares during the period. Whalerock Point Partners LLC raised its holdings in shares of Walmart by 213.5% in the 1st quarter. Whalerock Point Partners LLC now owns 29,613 shares of the retailer’s stock worth $1,782,000 after buying an additional 20,167 shares in the last quarter. WFA Asset Management Corp lifted its position in shares of Walmart by 201.0% during the 1st quarter. WFA Asset Management Corp now owns 2,092 shares of the retailer’s stock worth $126,000 after buying an additional 1,397 shares during the period. Finally, Principal Financial Group Inc. boosted its stake in Walmart by 14.9% in the 3rd quarter. Principal Financial Group Inc. now owns 6,235,504 shares of the retailer’s stock valued at $503,517,000 after buying an additional 809,352 shares in the last quarter. 26.76% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, major shareholder Alice L. Walton sold 2,375,563 shares of the 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 directly owns 619,646,544 shares of the company’s stock, valued at approximately $47,687,998,026.24. This represents a 0.38 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 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 transaction of $166,607.88. Following the sale, the executive vice president now owns 459,558 shares in the company, valued at $37,113,904.08. This trade represents a 0.45 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 12,337,337 shares of company stock valued at $958,823,647. 45.58% of the stock is owned by company insiders.

Walmart Trading Down 0.2 %

WMT opened at $84.09 on Tuesday. The firm’s fifty day moving average is $81.43 and its two-hundred day moving average is $73.15. The firm has a market cap of $675.94 billion, a PE ratio of 43.80, a price-to-earnings-growth ratio of 4.20 and a beta of 0.51. Walmart Inc. has a twelve month low of $49.85 and a twelve month high of $85.79. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.22 and a current ratio of 0.80.

Wall Street Analysts Forecast Growth

WMT has been the subject of a number of analyst reports. UBS Group lifted their price objective on Walmart from $81.00 to $92.00 and gave the company a “buy” rating in a report on Friday, October 11th. Piper Sandler lifted their price target on shares of Walmart from $83.00 to $93.00 and gave the company an “overweight” rating in a report on Monday. Bank of America raised their price objective on shares of Walmart from $75.00 to $85.00 and gave the stock a “buy” rating in a report on Friday, August 16th. Robert W. Baird boosted their target price on Walmart from $82.00 to $90.00 and gave the stock an “outperform” rating in a report on Monday, September 30th. Finally, Royal Bank of Canada raised their price target on Walmart from $88.00 to $92.00 and gave the company an “overweight” rating in a report on Monday. One equities research analyst has rated the stock with a hold rating, twenty-eight have given a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target of $86.71.

Walmart Company 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.