Stonebrook Private Inc. Has $4.97 Million Position in Walmart Inc. (NYSE:WMT)

Stonebrook Private Inc. lessened its holdings in shares of Walmart Inc. (NYSE:WMT) by 4.3% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 73,345 shares of the retailer’s stock after selling 3,291 shares during the period. Walmart makes up 1.4% of Stonebrook Private Inc.’s portfolio, making the stock its 19th biggest position. Stonebrook Private Inc.’s holdings in Walmart were worth $4,966,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of WMT. Oxbow Advisors LLC lifted its position in Walmart by 3.7% in the 2nd quarter. Oxbow Advisors LLC now owns 19,619 shares of the retailer’s stock valued at $1,328,000 after acquiring an additional 703 shares in the last quarter. SVB Wealth LLC lifted its holdings in shares of Walmart by 44.8% in the second quarter. SVB Wealth LLC now owns 214,490 shares of the retailer’s stock valued at $14,523,000 after purchasing an additional 66,313 shares in the last quarter. Chicago Capital LLC boosted its position in shares of Walmart by 7.9% during the second quarter. Chicago Capital LLC now owns 29,787 shares of the retailer’s stock worth $2,017,000 after buying an additional 2,172 shares during the period. EFG Asset Management Americas Corp. grew its holdings in shares of Walmart by 40.2% during the second quarter. EFG Asset Management Americas Corp. now owns 108,483 shares of the retailer’s stock worth $7,345,000 after buying an additional 31,122 shares in the last quarter. Finally, Illinois Municipal Retirement Fund raised its position in Walmart by 58.1% in the 2nd quarter. Illinois Municipal Retirement Fund now owns 717,824 shares of the retailer’s stock valued at $48,604,000 after buying an additional 263,718 shares during the last quarter. 26.76% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on WMT. BMO Capital Markets reaffirmed an “outperform” rating and set a $80.00 price target on shares of Walmart in a research note 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 report on Friday, August 16th. HSBC boosted their price target on shares of Walmart from $70.00 to $81.00 and gave the stock a “buy” rating in a research report on Tuesday, June 11th. Wells Fargo & Company raised their price objective on Walmart from $75.00 to $81.00 and gave the company an “overweight” rating in a report on Friday, August 16th. Finally, Barclays upped their target price on Walmart from $66.00 to $78.00 and gave the stock an “overweight” rating in a report on Friday, August 16th. Two research analysts have rated the stock with a hold rating, twenty-six have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $78.99.

Insider Activity at Walmart

In related news, major shareholder Alice L. Walton sold 40,974 shares of the stock in a transaction that occurred on Wednesday, June 12th. The shares were sold at an average price of $66.79, for a total value of $2,736,653.46. Following the completion of the transaction, the insider now owns 635,512,658 shares of the company’s stock, valued at approximately $42,445,890,427.82. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. In other news, major shareholder Alice L. Walton sold 40,974 shares of Walmart stock in a transaction dated Wednesday, June 12th. The stock was sold at an average price of $66.79, for a total transaction of $2,736,653.46. Following the sale, the insider now directly owns 635,512,658 shares of the company’s stock, valued at $42,445,890,427.82. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder Alice L. Walton sold 3,633,800 shares of the company’s stock in a transaction that occurred on Monday, June 10th. The shares were sold at an average price of $66.80, for a total value of $242,737,840.00. Following the completion of the transaction, the insider now directly owns 636,898,811 shares of the company’s stock, valued at approximately $42,544,840,574.80. The disclosure for this sale can be found here. In the last three months, insiders have sold 10,144,237 shares of company stock valued at $730,497,016. 45.58% of the stock is owned by insiders.

Walmart Price Performance

Shares of WMT traded down $0.32 during midday trading on Friday, hitting $76.64. The company’s stock had a trading volume of 14,548,588 shares, compared to its average volume of 17,411,770. 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 one year low of $49.85 and a one year high of $77.81. The stock has a market capitalization of $616.05 billion, a price-to-earnings ratio of 32.80, a price-to-earnings-growth ratio of 3.87 and a beta of 0.51. The company’s fifty day simple moving average is $71.45 and its two-hundred day simple moving average is $65.38.

Walmart (NYSE:WMT) last released its quarterly earnings data 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. The business had revenue of $169.30 billion for 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%. Walmart’s revenue was up 4.7% compared to the same quarter last year. During the same period last year, the firm posted $0.61 earnings per share. As a group, equities analysts expect that Walmart Inc. will post 2.44 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.