Austin Private Wealth LLC Has $1.11 Million Stock Position in Walmart Inc. (NYSE:WMT)

Austin Private Wealth LLC cut its position in Walmart Inc. (NYSE:WMT) by 8.7% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 16,451 shares of the retailer’s stock after selling 1,572 shares during the period. Austin Private Wealth LLC’s holdings in Walmart were worth $1,114,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its holdings in Walmart by 199.4% during the 1st quarter. Vanguard Group Inc. now owns 411,745,334 shares of the retailer’s stock worth $24,774,717,000 after acquiring an additional 274,229,968 shares during the last quarter. Price T Rowe Associates Inc. MD increased its holdings in shares of Walmart by 181.0% in the first quarter. Price T Rowe Associates Inc. MD now owns 56,861,234 shares of the retailer’s stock valued at $3,421,342,000 after purchasing an additional 36,625,314 shares in the last quarter. Norges Bank bought a new position in Walmart in the 4th quarter worth approximately $3,674,652,000. Bank of New York Mellon Corp lifted its holdings in Walmart by 183.0% during the 1st quarter. Bank of New York Mellon Corp now owns 29,172,985 shares of the retailer’s stock worth $1,755,339,000 after buying an additional 18,865,484 shares in the last quarter. Finally, Raymond James & Associates boosted its position in Walmart by 212.6% in the 1st quarter. Raymond James & Associates now owns 14,035,473 shares of the retailer’s stock valued at $844,514,000 after buying an additional 9,544,958 shares during the last quarter. 26.76% of the stock is owned by institutional investors.

Insider Buying and Selling at Walmart

In other Walmart news, major shareholder Alice L. Walton sold 1,132,123 shares of the firm’s stock in a transaction that occurred on Thursday, May 23rd. The stock was sold at an average price of $65.02, for a total value of $73,610,637.46. Following the completion of the transaction, the insider now directly owns 647,371,888 shares in the company, valued at $42,092,120,157.76. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, Director S Robson Walton sold 3,540,250 shares of Walmart stock in a transaction that occurred on Friday, May 17th. The stock was sold at an average price of $64.55, for a total transaction of $228,523,137.50. Following the completion of the transaction, the director now directly owns 648,504,011 shares in the company, valued at approximately $41,860,933,910.05. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder Alice L. Walton sold 1,132,123 shares of Walmart stock in a transaction on Thursday, May 23rd. The stock was sold at an average price of $65.02, for a total transaction of $73,610,637.46. Following the transaction, the insider now directly owns 647,371,888 shares of the company’s stock, valued at $42,092,120,157.76. The disclosure for this sale can be found here. In the last three months, insiders have sold 14,540,863 shares of company stock worth $954,455,147. Insiders own 45.58% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on WMT shares. Bank of America boosted their target price on Walmart from $67.00 to $75.00 and gave the stock a “buy” rating in a research report on Friday, May 17th. KeyCorp upped their target price on shares of Walmart from $75.00 to $82.00 and gave the company an “overweight” rating in a research report on Wednesday, July 17th. Stifel Nicolaus lifted their price target on shares of Walmart from $69.00 to $71.00 and gave the stock a “hold” rating in a research report on Tuesday, July 2nd. Deutsche Bank Aktiengesellschaft boosted their price target on shares of Walmart from $71.00 to $77.00 and gave the stock a “buy” rating in a research note on Monday, July 1st. Finally, Truist Financial raised their price objective on shares of Walmart from $60.00 to $64.00 and gave the company a “hold” rating in a research note on Friday, May 17th. Three research analysts have rated the stock with a hold rating and twenty-eight have given a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $72.09.

Walmart Stock Up 0.4 %

Walmart stock traded up $0.29 during midday trading on Friday, reaching $67.95. The stock had a trading volume of 13,805,576 shares, compared to its average volume of 17,333,506. The stock has a market capitalization of $546.56 billion, a P/E ratio of 29.04, a price-to-earnings-growth ratio of 3.90 and a beta of 0.50. The firm’s fifty day simple moving average is $68.47 and its 200-day simple moving average is $62.82. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.23 and a current ratio of 0.80. Walmart Inc. has a 1-year low of $49.85 and a 1-year high of $71.33.

Walmart (NYSE:WMT) last posted its quarterly earnings data on Thursday, May 16th. The retailer reported $0.60 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.52 by $0.08. The company had revenue of $161.50 billion for the quarter, compared to the consensus estimate of $159.57 billion. Walmart had a net margin of 2.88% and a return on equity of 21.57%. The firm’s revenue was up 6.0% compared to the same quarter last year. During the same period last year, the company earned $0.49 earnings per share. As a group, analysts expect that Walmart Inc. will post 2.43 EPS 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.