Accuvest Global Advisors Sells 15,672 Shares of Walmart Inc. (NYSE:WMT)

Key Points

• Accuvest Global Advisors reduced its Walmart holdings by 25.3% to retain 46,272 shares, which now represent 3.5% of their portfolio and were valued at approximately $4.06 million.
• Walmart reported $0.61 earnings per share for the last quarter, which exceeded analysts' expectations of $0.58, and its revenue reached $165.61 billion.
• Insider selling activity was noted, with EVP John R. Furner selling 13,125 shares for about $1.26 million, and insiders overall selling 146,112 shares worth $14.08 million in the last quarter.

Accuvest Global Advisors lowered its position in Walmart Inc. (NYSE:WMT - Free Report) by 25.3% during the first quarter, according to its most recent filing with the SEC. The firm owned 46,272 shares of the retailer's stock after selling 15,672 shares during the period. Walmart accounts for approximately 3.5% of Accuvest Global Advisors' portfolio, making the stock its 5th largest position. Accuvest Global Advisors' holdings in Walmart were worth $4,062,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the company. Eagle Capital Management LLC increased its stake in Walmart by 9.1% in the fourth quarter. Eagle Capital Management LLC now owns 3,861 shares of the retailer's stock valued at $349,000 after purchasing an additional 321 shares in the last quarter. Brighton Jones LLC grew its stake in shares of Walmart by 28.8% in the 4th quarter. Brighton Jones LLC now owns 98,150 shares of the retailer's stock valued at $8,868,000 after buying an additional 21,939 shares during the period. Revolve Wealth Partners LLC increased its position in Walmart by 5.8% in the 4th quarter. Revolve Wealth Partners LLC now owns 8,849 shares of the retailer's stock valued at $800,000 after buying an additional 485 shares in the last quarter. Highview Capital Management LLC DE raised its stake in Walmart by 4.9% during the 4th quarter. Highview Capital Management LLC DE now owns 36,945 shares of the retailer's stock worth $3,338,000 after buying an additional 1,720 shares during the period. Finally, Texas Yale Capital Corp. boosted its holdings in Walmart by 1.7% in the fourth quarter. Texas Yale Capital Corp. now owns 102,920 shares of the retailer's stock worth $9,299,000 after acquiring an additional 1,675 shares in the last quarter. 26.76% of the stock is currently owned by institutional investors and hedge funds.

Walmart Price Performance

WMT opened at $103.27 on Thursday. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.22 and a current ratio of 0.78. The stock has a market capitalization of $824.14 billion, a PE ratio of 44.13, a price-to-earnings-growth ratio of 4.78 and a beta of 0.66. The stock's 50 day moving average price is $97.07 and its 200-day moving average price is $95.22. Walmart Inc. has a 52-week low of $66.67 and a 52-week high of $105.30.

Walmart (NYSE:WMT - Get Free Report) last announced its earnings results on Thursday, May 15th. The retailer reported $0.61 earnings per share for the quarter, beating analysts' consensus estimates of $0.58 by $0.03. Walmart had a net margin of 2.75% and a return on equity of 21.76%. The business had revenue of $165.61 billion during the quarter, compared to the consensus estimate of $164.53 billion. During the same quarter last year, the firm earned $0.60 earnings per share. The business's revenue for the quarter was up 2.5% on a year-over-year basis. On average, equities research analysts predict that Walmart Inc. will post 2.55 EPS for the current year.

Insider Activity

In other Walmart news, EVP John R. Furner sold 13,125 shares of the firm's stock in a transaction dated Friday, June 20th. The stock was sold at an average price of $95.85, for a total value of $1,258,031.25. Following the transaction, the executive vice president directly owned 945,434 shares of the company's stock, valued at approximately $90,619,848.90. This trade represents a 1.37% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP John D. Rainey sold 2,200 shares of the firm's stock in a transaction that occurred on Tuesday, July 1st. The stock was sold at an average price of $98.44, for a total transaction of $216,568.00. Following the completion of the transaction, the executive vice president directly owned 628,318 shares in the company, valued at approximately $61,851,623.92. The trade was a 0.35% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 146,112 shares of company stock worth $14,080,073. 45.58% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the company. Royal Bank Of Canada reiterated an "outperform" rating and issued a $103.00 target price (up from $102.00) on shares of Walmart in a report on Monday, June 9th. KeyCorp lifted their price target on Walmart from $105.00 to $110.00 and gave the company an "overweight" rating in a research note on Monday, June 9th. Mizuho increased their price objective on Walmart from $105.00 to $115.00 and gave the stock an "outperform" rating in a research note on Monday, June 9th. Oppenheimer upped their price target on Walmart from $100.00 to $110.00 and gave the stock an "outperform" rating in a report on Wednesday, May 7th. Finally, Tigress Financial boosted their price target on shares of Walmart from $115.00 to $120.00 and gave the stock a "buy" rating in a report on Wednesday, July 2nd. One equities research analyst has rated the stock with a hold rating, thirty-one have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Buy" and an average price target of $106.67.

About Walmart

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.

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