Good Life Advisors LLC Reduces Stock Holdings in Walmart Inc. (NYSE:WMT)

Good Life Advisors LLC trimmed its holdings in shares of Walmart Inc. (NYSE:WMT – Get Rating) by 1.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 11,291 shares of the retailer’s stock after selling 209 shares during the quarter. Good Life Advisors LLC’s holdings in Walmart were worth $1,601,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Vanguard Group Inc. grew its stake in Walmart by 1.4% during the 3rd quarter. Vanguard Group Inc. now owns 130,176,496 shares of the retailer’s stock worth $16,883,890,000 after buying an additional 1,832,388 shares during the last quarter. BlackRock Inc. grew its stake in Walmart by 2.9% during the 3rd quarter. BlackRock Inc. now owns 96,570,711 shares of the retailer’s stock valued at $12,525,224,000 after purchasing an additional 2,712,886 shares during the last quarter. State Street Corp grew its stake in Walmart by 1.2% during the 3rd quarter. State Street Corp now owns 60,659,193 shares of the retailer’s stock valued at $7,867,497,000 after purchasing an additional 701,415 shares during the last quarter. Bank of New York Mellon Corp grew its stake in Walmart by 0.3% during the 3rd quarter. Bank of New York Mellon Corp now owns 11,685,848 shares of the retailer’s stock valued at $1,515,655,000 after purchasing an additional 33,452 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its stake in Walmart by 2.9% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 10,904,858 shares of the retailer’s stock valued at $1,623,951,000 after purchasing an additional 303,726 shares during the last quarter. 31.27% of the stock is currently owned by hedge funds and other institutional investors.

Walmart Price Performance

Shares of Walmart stock traded up $0.22 during mid-day trading on Friday, reaching $146.38. 2,653,622 shares of the stock traded hands, compared to its average volume of 6,175,695. The business has a 50-day moving average of $148.72 and a 200 day moving average of $145.87. Walmart Inc. has a fifty-two week low of $117.90 and a fifty-two week high of $154.64. The stock has a market capitalization of $394.84 billion, a PE ratio of 35.06, a PEG ratio of 4.32 and a beta of 0.48. The company has a quick ratio of 0.23, a current ratio of 0.82 and a debt-to-equity ratio of 0.71.

Walmart (NYSE:WMT – Get Rating) last posted its quarterly earnings results on Thursday, May 18th. The retailer reported $1.47 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.32 by $0.15. The business had revenue of $152.30 billion during the quarter, compared to analyst estimates of $147.91 billion. Walmart had a return on equity of 21.30% and a net margin of 1.82%. The business’s revenue was up 7.6% compared to the same quarter last year. During the same period in the prior year, the business earned $1.30 earnings per share. On average, analysts predict that Walmart Inc. will post 6.21 EPS for the current year.

Insider Buying and Selling

In related news, CEO C Douglas Mcmillon sold 9,716 shares of the stock in a transaction that occurred on Thursday, March 23rd. The stock was sold at an average price of $140.12, for a total value of $1,361,405.92. Following the completion of the transaction, the chief executive officer now directly owns 1,500,328 shares in the company, valued at $210,225,959.36. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other Walmart news, Director S Robson Walton sold 32,870 shares of the company’s stock in a transaction on Wednesday, March 1st. The stock was sold at an average price of $140.36, for a total transaction of $4,613,633.20. Following the transaction, the director now directly owns 264,840,774 shares in the company, valued at $37,173,051,038.64. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO C Douglas Mcmillon sold 9,716 shares of the company’s stock in a transaction on Thursday, March 23rd. The stock was sold at an average price of $140.12, for a total value of $1,361,405.92. Following the transaction, the chief executive officer now owns 1,500,328 shares in the company, valued at $210,225,959.36. The disclosure for this sale can be found here. Over the last three months, insiders sold 19,763,036 shares of company stock worth $2,801,006,374. Company insiders own 47.06% of the company’s stock.

Analysts Set New Price Targets

WMT has been the topic of several research analyst reports. Morgan Stanley dropped their price target on Walmart from $161.00 to $160.00 and set an “overweight” rating on the stock in a research note on Wednesday, February 22nd. Oppenheimer boosted their price target on Walmart from $160.00 to $165.00 and gave the company an “outperform” rating in a research note on Thursday, April 6th. Truist Financial boosted their price target on Walmart from $160.00 to $166.00 in a research note on Friday, May 19th. Deutsche Bank Aktiengesellschaft boosted their price objective on Walmart from $164.00 to $169.00 in a report on Wednesday, February 22nd. Finally, Tigress Financial raised Walmart from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $170.00 to $176.00 in a report on Thursday, January 26th. Five equities research analysts have rated the stock with a hold rating, twenty-four have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Walmart has an average rating of “Moderate Buy” and an average target price of $166.13.

About Walmart

(Get Rating)

Walmart, Inc engages in retail and wholesale business. The company offers an assortment of merchandise and services at everyday low prices. It operates through the following business segments: Walmart U.S., Walmart International, and Sam’s Club. The Walmart U.S. segment operates as a merchandiser of consumer products, operating under the Walmart, Wal-Mart, and Walmart Neighborhood Market brands, as well as walmart.com and other eCommerce brands.