Caisse Des Depots ET Consignations Sells 3,946 Shares of Walmart Inc. (NYSE:WMT)

Key Points

• Caisse Des Depots ET Consignations reduced its Walmart holdings by 2.8%, selling 3,946 shares and retaining a total of 139,376 shares valued at $12.2 million, making Walmart its 21st largest position.
• Walmart's insider trading saw CEO C. Douglas McMillon and EVP John R. Furner sell over 32,500 shares collectively, reflecting decreases in their ownership.
• Walmart's stock has a market capitalization of approximately $822.81 billion and is currently rated with a consensus "Buy" stance from analysts with a target price around $106.67.

Caisse Des Depots ET Consignations decreased its holdings in shares of Walmart Inc. (NYSE:WMT - Free Report) by 2.8% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 139,376 shares of the retailer's stock after selling 3,946 shares during the quarter. Walmart comprises approximately 0.6% of Caisse Des Depots ET Consignations' holdings, making the stock its 21st largest position. Caisse Des Depots ET Consignations' holdings in Walmart were worth $12,236,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Bear Mountain Capital Inc. lifted its position in shares of Walmart by 98.2% in the 1st quarter. Bear Mountain Capital Inc. now owns 337 shares of the retailer's stock worth $32,000 after acquiring an additional 167 shares during the period. EQ Wealth Advisors LLC bought a new stake in shares of Walmart in the 1st quarter worth approximately $35,000. Lipe & Dalton lifted its position in shares of Walmart by 95.2% in the 1st quarter. Lipe & Dalton now owns 410 shares of the retailer's stock worth $36,000 after acquiring an additional 200 shares during the period. Nexus Investment Management ULC bought a new stake in shares of Walmart in the 1st quarter worth approximately $49,000. Finally, Vega Investment Solutions bought a new stake in shares of Walmart in the 4th quarter worth approximately $54,000. Institutional investors own 26.76% of the company's stock.

Insider Buying and Selling at Walmart

In related news, CEO C Douglas Mcmillon sold 19,416 shares of Walmart stock in a transaction on Thursday, July 24th. The stock was sold at an average price of $95.58, for a total transaction of $1,855,781.28. Following the completion of the sale, the chief executive officer directly owned 4,412,398 shares of the company's stock, valued at $421,737,000.84. The trade was a 0.44% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP John R. Furner sold 13,125 shares of Walmart stock in a transaction on Thursday, July 17th. The stock was sold at an average price of $95.14, for a total value of $1,248,712.50. Following the sale, the executive vice president directly owned 932,313 shares of the company's stock, valued at approximately $88,700,258.82. This trade represents a 1.39% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 146,112 shares of company stock valued at $14,080,073 over the last quarter. 45.58% of the stock is owned by corporate insiders.

Walmart Stock Down 0.2%

Shares of WMT opened at $103.10 on Friday. The firm has a market capitalization of $822.81 billion, a price-to-earnings ratio of 44.06, a PEG ratio of 4.97 and a beta of 0.66. 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 business's fifty day moving average price is $97.20 and its two-hundred day moving average price is $95.29. 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 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 business had revenue of $165.61 billion during the quarter, compared to analysts' expectations of $164.53 billion. During the same period in the previous year, the firm earned $0.60 earnings per share. The firm's quarterly revenue was up 2.5% compared to the same quarter last year. On average, analysts predict that Walmart Inc. will post 2.55 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of brokerages have commented on WMT. Truist Financial raised their price objective on Walmart from $107.00 to $111.00 and gave the stock a "buy" rating in a research report on Friday, May 16th. Sanford C. Bernstein reiterated an "outperform" rating on shares of Walmart in a research report on Monday, May 5th. Tigress Financial raised their price objective on Walmart from $115.00 to $120.00 and gave the stock a "buy" rating in a research report on Wednesday, July 2nd. UBS Group reduced their price objective on Walmart from $112.00 to $110.00 and set a "buy" rating for the company in a research report on Thursday, April 10th. Finally, Telsey Advisory Group reiterated an "outperform" rating and issued a $115.00 price objective on shares of Walmart in a research report on Monday, June 9th. One research analyst has rated the stock with a hold rating, thirty-one have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and a consensus target price of $106.67.

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.

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