Sustainable Insight Capital Management LLC Has $2.43 Million Position in Walmart Inc. (NYSE:WMT)

Sustainable Insight Capital Management LLC cut its holdings in shares of Walmart Inc. (NYSE:WMT) by 8.9% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 26,884 shares of the retailer’s stock after selling 2,627 shares during the period. Walmart comprises approximately 1.1% of Sustainable Insight Capital Management LLC’s portfolio, making the stock its 27th largest position. Sustainable Insight Capital Management LLC’s holdings in Walmart were worth $2,429,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Beaird Harris Wealth Management LLC boosted its holdings in Walmart by 44.8% in the second quarter. Beaird Harris Wealth Management LLC now owns 2,726 shares of the retailer’s stock valued at $185,000 after acquiring an additional 843 shares during the last quarter. Susquehanna Fundamental Investments LLC acquired a new position in shares of Walmart in the 2nd quarter worth approximately $45,264,000. Arkos Global Advisors lifted its position in shares of Walmart by 7.8% in the 2nd quarter. Arkos Global Advisors now owns 22,184 shares of the retailer’s stock worth $1,502,000 after purchasing an additional 1,605 shares during the period. Kathmere Capital Management LLC boosted its stake in shares of Walmart by 14.8% in the 2nd quarter. Kathmere Capital Management LLC now owns 44,866 shares of the retailer’s stock valued at $3,038,000 after purchasing an additional 5,769 shares during the last quarter. Finally, Texas Capital Bank Wealth Management Services Inc acquired a new stake in shares of Walmart during the second quarter worth $270,000. 26.76% of the stock is owned by institutional investors.

Walmart Stock Performance

Shares of WMT stock opened at $94.84 on Friday. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.85 and a quick ratio of 0.23. The firm has a 50-day moving average of $92.02 and a 200-day moving average of $82.13. Walmart Inc. has a one year low of $53.47 and a one year high of $96.18. The company has a market cap of $761.90 billion, a P/E ratio of 38.92, a P/E/G ratio of 4.42 and a beta of 0.55.

Walmart (NYSE:WMT) last posted its quarterly earnings data on Tuesday, November 19th. The retailer reported $0.58 EPS for the quarter, beating the consensus estimate of $0.53 by $0.05. Walmart had a net margin of 2.92% and a return on equity of 21.78%. The firm had revenue of $169.59 billion during the quarter, compared to analyst estimates of $167.69 billion. During the same quarter last year, the business posted $0.51 EPS. The company’s revenue for the quarter was up 5.5% on a year-over-year basis. Equities research analysts forecast that Walmart Inc. will post 2.48 EPS for the current fiscal year.

Wall Street Analyst Weigh In

WMT has been the topic of several recent analyst reports. StockNews.com lowered shares of Walmart from a “strong-buy” rating to a “buy” rating in a report on Wednesday, November 20th. Barclays boosted their price objective on Walmart from $90.00 to $98.00 and gave the company an “overweight” rating in a research note on Thursday, January 9th. Telsey Advisory Group raised their target price on Walmart from $92.00 to $100.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 19th. Stifel Nicolaus boosted their price target on Walmart from $89.00 to $94.00 and gave the company a “hold” rating in a research note on Tuesday, December 10th. Finally, Wells Fargo & Company raised their price objective on shares of Walmart from $96.00 to $100.00 and gave the stock an “overweight” rating in a research report on Friday, January 10th. Two investment 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 company. Based on data from MarketBeat, Walmart has a consensus rating of “Moderate Buy” and a consensus price target of $94.69.

Insider Buying and Selling

In other news, CEO C Douglas Mcmillon sold 29,124 shares of Walmart stock in a transaction on Wednesday, November 27th. The stock was sold at an average price of $91.44, for a total transaction of $2,663,098.56. Following the sale, the chief executive officer now directly owns 3,814,805 shares in the company, valued at $348,825,769.20. The trade was a 0.76 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP John R. Furner sold 13,125 shares of the business’s stock in a transaction dated Thursday, January 23rd. The stock was sold at an average price of $92.96, for a total transaction of $1,220,100.00. Following the completion of the transaction, the executive vice president now directly owns 568,626 shares in the company, valued at $52,859,472.96. This trade represents a 2.26 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 140,177 shares of company stock worth $12,895,688. 45.58% of the stock is owned by company insiders.

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.