LaFleur & Godfrey LLC Sells 1,307 Shares of Walmart Inc. (NYSE:WMT)

LaFleur & Godfrey LLC lowered its stake in shares of Walmart Inc. (NYSE:WMT) by 1.9% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 68,550 shares of the retailer’s stock after selling 1,307 shares during the period. LaFleur & Godfrey LLC’s holdings in Walmart were worth $5,535,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently modified their holdings of the stock. EntryPoint Capital LLC bought a new stake in shares of Walmart in the first quarter worth about $25,000. Northwest Capital Management Inc raised its holdings in Walmart by 199.3% during the 1st quarter. Northwest Capital Management Inc now owns 440 shares of the retailer’s stock worth $26,000 after buying an additional 293 shares during the period. TruNorth Capital Management LLC lifted its stake in Walmart by 138.3% in the second quarter. TruNorth Capital Management LLC now owns 429 shares of the retailer’s stock valued at $29,000 after buying an additional 249 shares in the last quarter. Cultivar Capital Inc. acquired a new position in shares of Walmart in the second quarter valued at approximately $29,000. Finally, FSA Wealth Management LLC increased its position in shares of Walmart by 253.0% during the first quarter. FSA Wealth Management LLC now owns 526 shares of the retailer’s stock worth $32,000 after acquiring an additional 377 shares in the last quarter. 26.76% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other Walmart news, EVP John D. Rainey sold 3,000 shares of Walmart stock in a transaction dated Tuesday, October 1st. The stock was sold at an average price of $80.97, for a total transaction of $242,910.00. Following the transaction, the executive vice president now directly owns 381,165 shares of the company’s stock, valued at approximately $30,862,930.05. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other Walmart news, EVP John D. Rainey sold 3,000 shares of the stock in a transaction dated Tuesday, October 1st. The stock was sold at an average price of $80.97, for a total transaction of $242,910.00. Following the completion of the sale, the executive vice president now directly owns 381,165 shares in the company, valued at approximately $30,862,930.05. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, major shareholder Alice L. Walton sold 2,709,163 shares of the firm’s stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $77.37, for a total value of $209,607,941.31. Following the sale, the insider now directly owns 630,501,148 shares of the company’s stock, valued at $48,781,873,820.76. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 12,335,272 shares of company stock valued at $958,101,276. Insiders own 45.58% of the company’s stock.

Walmart Price Performance

Walmart stock traded down $0.34 during midday trading on Wednesday, reaching $81.31. The company’s stock had a trading volume of 4,796,662 shares, compared to its average volume of 17,165,082. 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 stock has a market cap of $653.59 billion, a PE ratio of 42.05, a price-to-earnings-growth ratio of 4.02 and a beta of 0.51. Walmart Inc. has a 52 week low of $49.85 and a 52 week high of $81.82. The business has a 50-day moving average price of $77.08 and a 200-day moving average price of $69.23.

Walmart (NYSE:WMT) last issued its earnings results on Thursday, August 15th. The retailer reported $0.67 earnings per share for the quarter, beating 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 last year, the business posted $0.61 earnings per share. The company’s quarterly 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 year.

Analysts Set New Price Targets

A number of research firms recently issued reports on WMT. Truist Financial upgraded Walmart from a “hold” rating to a “buy” rating and increased their price objective for the stock from $76.00 to $89.00 in a report on Tuesday, September 24th. Citigroup lifted their price objective on shares of Walmart from $75.00 to $98.00 and gave the company a “buy” rating in a report on Friday, September 27th. The Goldman Sachs Group increased their target price on shares of Walmart from $73.00 to $81.00 and gave the stock a “buy” rating in a report on Friday, August 16th. BMO Capital Markets reaffirmed an “outperform” rating and issued a $80.00 target price on shares of Walmart in a research report on Friday, August 16th. Finally, Oppenheimer boosted their price target on shares of Walmart from $81.00 to $90.00 and gave the stock an “outperform” rating in a research report on Monday. One investment 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 stock. According to data from MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of $82.96.

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.