Keystone Wealth Services LLC Sells 436 Shares of Walmart Inc. (NYSE:WMT)

Keystone Wealth Services LLC trimmed its holdings in Walmart Inc. (NYSE:WMT) by 6.6% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 6,139 shares of the retailer’s stock after selling 436 shares during the quarter. Keystone Wealth Services LLC’s holdings in Walmart were worth $496,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Professional Financial Advisors LLC boosted its holdings in shares of Walmart by 0.6% during the 3rd quarter. Professional Financial Advisors LLC now owns 21,839 shares of the retailer’s stock worth $1,763,000 after buying an additional 137 shares during the period. Trust Co of the South boosted its holdings in shares of Walmart by 0.5% during the 3rd quarter. Trust Co of the South now owns 25,647 shares of the retailer’s stock worth $2,071,000 after buying an additional 138 shares during the period. LVZ Inc. boosted its holdings in shares of Walmart by 1.9% during the 2nd quarter. LVZ Inc. now owns 7,824 shares of the retailer’s stock worth $530,000 after buying an additional 143 shares during the period. Ullmann Wealth Partners Group LLC boosted its holdings in shares of Walmart by 1.1% during the 3rd quarter. Ullmann Wealth Partners Group LLC now owns 13,036 shares of the retailer’s stock worth $1,053,000 after buying an additional 147 shares during the period. Finally, Delta Investment Management LLC boosted its holdings in shares of Walmart by 0.4% during the 2nd quarter. Delta Investment Management LLC now owns 41,813 shares of the retailer’s stock worth $2,831,000 after buying an additional 148 shares during the period. 26.76% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several analysts recently issued reports on the stock. Redburn Atlantic raised shares of Walmart to a “strong-buy” rating in a report on Monday, September 23rd. Truist Financial raised shares of Walmart from a “hold” rating to a “buy” rating and increased their price target for the company from $76.00 to $89.00 in a report on Tuesday, September 24th. Tigress Financial increased their price target on shares of Walmart from $75.00 to $86.00 and gave the company a “buy” rating in a report on Tuesday, July 23rd. Morgan Stanley increased their price target on shares of Walmart from $75.00 to $82.00 and gave the company an “overweight” rating in a report on Friday, August 16th. Finally, Bank of America increased their price target on shares of Walmart from $75.00 to $85.00 and gave the company a “buy” rating in a report on Friday, August 16th. One analyst has rated the stock with a hold rating, twenty-eight have given a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of $82.96.

Walmart Price Performance

Shares of Walmart stock traded up $1.42 during mid-day trading on Tuesday, reaching $81.71. 13,273,996 shares of the stock were exchanged, compared to its average volume of 17,227,215. Walmart Inc. has a fifty-two week low of $49.85 and a fifty-two week high of $81.82. The firm has a 50-day simple moving average of $76.80 and a 200 day simple moving average of $69.07. The company has a current ratio of 0.80, a quick ratio of 0.22 and a debt-to-equity ratio of 0.46. The company has a market cap of $657.24 billion, a price-to-earnings ratio of 34.92, a price-to-earnings-growth ratio of 3.99 and a beta of 0.51.

Walmart (NYSE:WMT) last issued its quarterly earnings data on Thursday, August 15th. The retailer reported $0.67 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 firm had revenue of $169.30 billion for the quarter, compared to analyst estimates of $168.56 billion. During the same quarter in the prior year, the firm earned $0.61 EPS. The company’s revenue was up 4.7% on a year-over-year basis. On average, sell-side analysts predict that Walmart Inc. will post 2.44 EPS for the current fiscal year.

Insiders Place Their Bets

In other Walmart news, EVP Daniel J. Bartlett sold 2,063 shares of the stock in a transaction dated Monday, September 16th. The shares were 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 of the company’s stock, valued at $37,113,904.08. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, EVP Daniel J. Bartlett sold 2,063 shares of the firm’s stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $80.76, for a total value of $166,607.88. Following the transaction, the executive vice president now owns 459,558 shares of the company’s stock, valued at approximately $37,113,904.08. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP John R. Furner sold 13,125 shares of the firm’s stock in a transaction dated Thursday, September 26th. The shares were sold at an average price of $81.04, for a total transaction of $1,063,650.00. Following the completion of the transaction, the executive vice president now directly owns 606,165 shares in the company, valued at $49,123,611.60. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 12,335,272 shares of company stock valued at $958,101,276 in the last 90 days. 45.58% of the stock is currently owned by insiders.

Walmart 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.