Walmart Inc. (NYSE:WMT) Shares Sold by Tributary Capital Management LLC

Tributary Capital Management LLC decreased its position in Walmart Inc. (NYSE:WMT) by 21.7% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 8,955 shares of the retailer’s stock after selling 2,475 shares during the quarter. Tributary Capital Management LLC’s holdings in Walmart were worth $723,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in WMT. New England Research & Management Inc. raised its stake in shares of Walmart by 160.5% in the 1st quarter. New England Research & Management Inc. now owns 7,923 shares of the retailer’s stock worth $477,000 after buying an additional 4,882 shares in the last quarter. Silverleafe Capital Partners LLC raised its stake in shares of Walmart by 140.1% in the 1st quarter. Silverleafe Capital Partners LLC now owns 48,769 shares of the retailer’s stock worth $2,934,000 after buying an additional 28,458 shares in the last quarter. OneAscent Wealth Management LLC grew its holdings in shares of Walmart by 196.0% in the 1st quarter. OneAscent Wealth Management LLC now owns 7,359 shares of the retailer’s stock worth $443,000 after acquiring an additional 4,873 shares during the last quarter. Webster Bank N. A. grew its holdings in shares of Walmart by 202.7% in the 1st quarter. Webster Bank N. A. now owns 189,334 shares of the retailer’s stock worth $11,392,000 after acquiring an additional 126,794 shares during the last quarter. Finally, S.E.E.D. Planning Group LLC grew its holdings in shares of Walmart by 204.6% in the 1st quarter. S.E.E.D. Planning Group LLC now owns 12,881 shares of the retailer’s stock worth $775,000 after acquiring an additional 8,652 shares during the last quarter. Institutional investors and hedge funds own 26.76% of the company’s stock.

Insider Activity at Walmart

In related news, EVP John D. Rainey sold 3,000 shares of the stock in a transaction that occurred on Thursday, August 1st. The stock was sold at an average price of $69.19, for a total transaction of $207,570.00. Following the completion of the transaction, the executive vice president now directly owns 387,165 shares of the company’s stock, valued at approximately $26,787,946.35. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other Walmart news, major shareholder Alice L. Walton sold 2,375,563 shares of the company’s stock in a transaction that occurred on Thursday, September 5th. The stock was sold at an average price of $76.96, for a total value of $182,823,328.48. Following the sale, the insider now owns 619,646,544 shares in the company, valued at $47,687,998,026.24. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP John D. Rainey sold 3,000 shares of the stock in a transaction that occurred on Thursday, August 1st. The stock was sold at an average price of $69.19, for a total value of $207,570.00. Following the transaction, the executive vice president now owns 387,165 shares in the company, valued at approximately $26,787,946.35. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 12,337,337 shares of company stock valued at $958,784,857. Insiders own 45.58% of the company’s stock.

Walmart Stock Down 0.6 %

WMT stock opened at $82.51 on Monday. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.80 and a quick ratio of 0.22. The stock has a market capitalization of $663.24 billion, a P/E ratio of 42.90, a P/E/G ratio of 4.13 and a beta of 0.51. The business has a 50-day moving average of $79.09 and a 200-day moving average of $70.47. Walmart Inc. has a fifty-two week low of $49.85 and a fifty-two week high of $83.34.

Walmart (NYSE:WMT) last issued its quarterly earnings results on Thursday, August 15th. The retailer reported $0.67 EPS for the quarter, beating the consensus estimate of $0.65 by $0.02. Walmart had a return on equity of 21.72% and a net margin of 2.34%. The firm had revenue of $169.30 billion during the quarter, compared to analysts’ expectations of $168.56 billion. During the same period in the prior year, the firm posted $0.61 earnings per share. The business’s quarterly revenue was up 4.7% compared to the same quarter last year. On average, sell-side analysts anticipate that Walmart Inc. will post 2.44 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on WMT shares. Royal Bank of Canada lifted their price target on Walmart from $74.00 to $80.00 and gave the company an “outperform” rating in a report on Friday, August 16th. Tigress Financial boosted their target price on Walmart from $75.00 to $86.00 and gave the company a “buy” rating in a research note on Tuesday, July 23rd. Stifel Nicolaus boosted their target price on Walmart from $71.00 to $73.00 and gave the company a “hold” rating in a research note on Tuesday, August 13th. StockNews.com upgraded Walmart from a “buy” rating to a “strong-buy” rating in a research note on Friday, August 16th. Finally, Roth Mkm boosted their target price on Walmart from $71.00 to $81.00 and gave the company a “buy” rating in a research note on Friday, August 16th. One investment analyst has rated the stock with a hold rating, twenty-nine have issued a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of $83.51.

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.