Zevin Asset Management LLC Has $638,000 Stock Position in Walmart Inc. (NYSE:WMT)

Zevin Asset Management LLC lessened its holdings in shares of Walmart Inc. (NYSE:WMT) by 1.9% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 7,899 shares of the retailer’s stock after selling 150 shares during the quarter. Zevin Asset Management LLC’s holdings in Walmart were worth $638,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. EntryPoint Capital LLC acquired a new position in shares of Walmart in the 1st quarter valued at approximately $25,000. Peterson Financial Group Inc. acquired a new position in shares of Walmart in the third quarter valued at approximately $26,000. TruNorth Capital Management LLC increased its position 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 acquiring an additional 249 shares in the last quarter. Cultivar Capital Inc. acquired a new stake in shares of Walmart during the second quarter worth $29,000. Finally, FSA Wealth Management LLC lifted its holdings in shares of 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 purchasing an additional 377 shares in the last quarter. 26.76% of the stock is currently owned by institutional investors.

Walmart Stock Performance

Shares of NYSE:WMT opened at $84.25 on Monday. Walmart Inc. has a 1 year low of $49.85 and a 1 year high of $85.79. The stock has a market capitalization of $677.22 billion, a price-to-earnings ratio of 43.80, a price-to-earnings-growth ratio of 4.20 and a beta of 0.51. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.80 and a quick ratio of 0.22. The company’s 50 day simple moving average is $81.29 and its 200 day simple moving average is $72.98.

Walmart (NYSE:WMT) last released its earnings results on Thursday, August 15th. The retailer reported $0.67 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.65 by $0.02. The firm had revenue of $169.30 billion for the quarter, compared to analysts’ expectations of $168.56 billion. Walmart had a return on equity of 21.72% and a net margin of 2.34%. The business’s revenue for the quarter was up 4.7% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.61 earnings per share. As a group, research analysts predict that Walmart Inc. will post 2.44 EPS for the current fiscal year.

Insider Activity

In related news, major shareholder Alice L. Walton sold 2,709,163 shares of the business’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 in the company, valued at $48,781,873,820.76. The trade was a 0.43 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, major shareholder S Robson Walton sold 4,057,369 shares of Walmart stock in a transaction dated 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 sale, the insider now directly owns 611,988,318 shares in the company, valued at $47,245,498,149.60. The trade was a 0.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 12,337,337 shares of company stock worth $958,823,647. Corporate insiders own 45.58% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on WMT. BMO Capital Markets reissued an “outperform” rating and issued a $80.00 target price on shares of Walmart in a research report on Friday, August 16th. Truist Financial raised shares of Walmart from a “hold” rating to a “buy” rating and raised their target price for the company from $76.00 to $89.00 in a research report on Tuesday, September 24th. TD Cowen boosted their price target on shares of Walmart from $80.00 to $85.00 and gave the stock a “buy” rating in a research report on Friday, August 16th. Sanford C. Bernstein assumed coverage on Walmart in a research report on Tuesday, October 22nd. They set an “outperform” rating and a $95.00 price target for the company. Finally, Deutsche Bank Aktiengesellschaft raised their price target on Walmart from $77.00 to $83.00 and gave the company a “buy” rating in a research note on Friday, August 16th. One analyst has rated the stock with a hold rating, twenty-eight have issued a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Walmart presently has an average rating of “Buy” and an average price target of $85.18.

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.