Atria Wealth Solutions Inc. Lowers Stake in Walmart Inc. (NYSE:WMT)

Key Points

• Atria Wealth Solutions Inc. reduced its stake in Walmart by 7.1%, holding 270,144 shares valued at approximately $23.7 million after selling 20,582 shares in the first quarter.
• Walmart reported a quarterly revenue of $165.61 billion, exceeding analysts’ expectations, and announced an EPS of $0.61 for the quarter, which is higher than the previous year's $0.60 EPS.
• Insider transactions included sales by EVP John D. Rainey and CEO C. Douglas McMillon, with a total of 146,112 shares sold by insiders in the past 90 days.

Atria Wealth Solutions Inc. trimmed its holdings in Walmart Inc. (NYSE:WMT - Free Report) by 7.1% in the first quarter, according to its most recent disclosure with the SEC. The fund owned 270,144 shares of the retailer's stock after selling 20,582 shares during the period. Atria Wealth Solutions Inc.'s holdings in Walmart were worth $23,749,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Whelan Financial increased its stake in Walmart by 2.3% in the 4th quarter. Whelan Financial now owns 4,339 shares of the retailer's stock valued at $392,000 after purchasing an additional 97 shares in the last quarter. Bedel Financial Consulting Inc. grew its holdings in Walmart by 0.4% in the first quarter. Bedel Financial Consulting Inc. now owns 25,915 shares of the retailer's stock valued at $2,275,000 after purchasing an additional 102 shares during the last quarter. Scott & Selber Inc. increased its position in shares of Walmart by 3.7% in the first quarter. Scott & Selber Inc. now owns 2,920 shares of the retailer's stock valued at $256,000 after buying an additional 105 shares in the last quarter. Capital Advisors Wealth Management LLC raised its stake in shares of Walmart by 1.4% during the 1st quarter. Capital Advisors Wealth Management LLC now owns 7,794 shares of the retailer's stock worth $684,000 after buying an additional 105 shares during the last quarter. Finally, Lauterbach Financial Advisors LLC boosted its position in shares of Walmart by 1.8% in the 1st quarter. Lauterbach Financial Advisors LLC now owns 5,885 shares of the retailer's stock worth $517,000 after buying an additional 106 shares in the last quarter. Institutional investors and hedge funds own 26.76% of the company's stock.

Walmart Stock Performance

NYSE:WMT opened at $99.49 on Tuesday. The firm's fifty day simple moving average is $96.92 and its 200 day simple moving average is $95.13. The company has a current ratio of 0.78, a quick ratio of 0.22 and a debt-to-equity ratio of 0.47. Walmart Inc. has a twelve month low of $66.67 and a twelve month high of $105.30. The firm has a market capitalization of $793.95 billion, a price-to-earnings ratio of 42.52, a PEG ratio of 4.74 and a beta of 0.66.

Walmart (NYSE:WMT - Get Free Report) last issued its quarterly earnings data on Thursday, May 15th. The retailer reported $0.61 EPS for the quarter, topping analysts' consensus estimates of $0.58 by $0.03. Walmart had a return on equity of 21.76% and a net margin of 2.75%. The company had revenue of $165.61 billion for the quarter, compared to analysts' expectations of $164.53 billion. During the same quarter in the previous year, the firm posted $0.60 earnings per share. The firm's quarterly revenue was up 2.5% on a year-over-year basis. As a group, equities research analysts expect that Walmart Inc. will post 2.55 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, EVP John D. Rainey sold 2,200 shares of Walmart stock in a transaction that occurred on Tuesday, July 1st. The shares were sold at an average price of $98.44, for a total transaction of $216,568.00. Following the sale, the executive vice president owned 628,318 shares in the company, valued at $61,851,623.92. This trade represents a 0.35% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO C Douglas Mcmillon sold 29,148 shares of the company's stock in a transaction on Thursday, May 22nd. The shares were sold at an average price of $96.58, for a total transaction of $2,815,113.84. Following the completion of the transaction, the chief executive officer owned 4,451,199 shares of the company's stock, valued at $429,896,799.42. This trade represents a 0.65% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 146,112 shares of company stock worth $14,080,073 in the last 90 days. 45.58% of the stock is owned by insiders.

Analysts Set New Price Targets

WMT has been the subject of several recent research reports. DA Davidson restated a "buy" rating and set a $117.00 target price on shares of Walmart in a report on Friday, May 16th. Wall Street Zen raised shares of Walmart from a "hold" rating to a "buy" rating in a research note on Monday, May 12th. Oppenheimer upped their target price on Walmart from $100.00 to $110.00 and gave the company an "outperform" rating in a research note on Wednesday, May 7th. Truist Financial raised their price target on Walmart from $107.00 to $111.00 and gave the stock a "buy" rating in a research report on Friday, May 16th. Finally, Royal Bank Of Canada reissued an "outperform" rating and issued a $103.00 price target (up from $102.00) on shares of Walmart in a report on Monday, June 9th. Two analysts have rated the stock with a hold rating, thirty have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $106.67.

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.

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