Walmart Inc. (NYSE:WMT) Shares Sold by MADDEN SECURITIES Corp

MADDEN SECURITIES Corp trimmed its holdings in Walmart Inc. (NYSE:WMT) by 0.2% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 52,743 shares of the retailer’s stock after selling 132 shares during the period. Walmart accounts for about 1.8% of MADDEN SECURITIES Corp’s investment portfolio, making the stock its 14th largest position. MADDEN SECURITIES Corp’s holdings in Walmart were worth $4,259,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the business. EntryPoint Capital LLC purchased a new stake in shares of Walmart in the first quarter valued at $25,000. Northwest Capital Management Inc grew its stake in Walmart by 199.3% in the 1st quarter. Northwest Capital Management Inc now owns 440 shares of the retailer’s stock worth $26,000 after acquiring an additional 293 shares during the period. 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 during the last quarter. Cultivar Capital Inc. acquired a new stake in shares of Walmart during the second quarter worth $29,000. Finally, Able Wealth Management LLC purchased a new stake in shares of Walmart in the fourth quarter valued at $30,000. 26.76% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Walmart

In related news, EVP Daniel J. Bartlett sold 2,063 shares of the company’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 directly owns 459,558 shares of the company’s stock, valued at approximately $37,113,904.08. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other Walmart news, EVP Daniel J. Bartlett sold 2,063 shares of Walmart stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $80.76, for a total value of $166,607.88. Following the completion of the transaction, the executive vice president now directly owns 459,558 shares in the company, valued at $37,113,904.08. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO C Douglas Mcmillon sold 29,124 shares of the stock in a transaction on Thursday, July 25th. The stock was sold at an average price of $70.61, for a total value of $2,056,445.64. Following the completion of the sale, the chief executive officer now directly owns 3,931,301 shares in the company, valued at $277,589,163.61. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 12,337,670 shares of company stock valued at $958,267,937 over the last three months. 45.58% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several analysts have commented on WMT shares. Telsey Advisory Group lifted their price target on Walmart from $82.00 to $92.00 and gave the company an “outperform” rating in a report on Tuesday. Truist Financial upgraded shares of Walmart from a “hold” rating to a “buy” rating and boosted their target price for the company from $76.00 to $89.00 in a report on Tuesday, September 24th. UBS Group increased their price target on shares of Walmart from $81.00 to $92.00 and gave the stock a “buy” rating in a research note on Friday. Melius Research initiated coverage on shares of Walmart in a research note on Monday, September 23rd. They set a “buy” rating and a $95.00 price objective for the company. Finally, Piper Sandler reaffirmed an “overweight” rating and issued a $83.00 target price (up from $81.00) on shares of Walmart in a research report on Friday, August 16th. One research analyst has rated the stock with a hold rating, twenty-eight have assigned a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target of $82.32.

Walmart Price Performance

WMT stock opened at $80.09 on Friday. The stock’s 50 day moving average is $76.55 and its two-hundred day moving average is $68.82. Walmart Inc. has a 52-week low of $49.85 and a 52-week high of $81.60. The company has a market capitalization of $643.78 billion, a PE ratio of 41.64, a P/E/G ratio of 3.99 and a beta of 0.51. 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 (NYSE:WMT) last issued its quarterly earnings results on Thursday, August 15th. The retailer reported $0.67 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.65 by $0.02. Walmart had a net margin of 2.34% and a return on equity of 21.72%. The business had revenue of $169.30 billion during the quarter, compared to analyst estimates of $168.56 billion. During the same quarter in the previous year, the firm earned $0.61 earnings per share. The business’s revenue was up 4.7% compared to the same quarter last year. Analysts predict that Walmart Inc. will post 2.44 earnings per share for the current fiscal year.

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.