Capstone Financial Advisors Inc. Reduces Holdings in Walmart Inc. (NYSE:WMT)

Key Points

• Capstone Financial Advisors Inc. has reduced its holdings in Walmart Inc. by 15.8%, ending the first quarter with 32,553 shares valued at approximately $2.86 million.
• Recent actions by other institutional investors include Whelan Financial, which increased its Walmart stake by 2.3% and now owns 4,339 shares worth $392,000.
• Walmart's stock has seen price target upgrades from various analysts, with KeyCorp raising its target from $105 to $110 while maintaining an "overweight" rating.

Capstone Financial Advisors Inc. decreased its position in shares of Walmart Inc. (NYSE:WMT - Free Report) by 15.8% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 32,553 shares of the retailer's stock after selling 6,102 shares during the period. Capstone Financial Advisors Inc.'s holdings in Walmart were worth $2,858,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in WMT. Whelan Financial raised its holdings in Walmart by 2.3% during the 4th quarter. Whelan Financial now owns 4,339 shares of the retailer's stock valued at $392,000 after buying an additional 97 shares during the period. Bedel Financial Consulting Inc. grew its stake in Walmart by 0.4% during the 1st quarter. Bedel Financial Consulting Inc. now owns 25,915 shares of the retailer's stock worth $2,275,000 after buying an additional 102 shares during the last quarter. Scott & Selber Inc. grew its stake in Walmart by 3.7% during the 1st quarter. Scott & Selber Inc. now owns 2,920 shares of the retailer's stock worth $256,000 after buying an additional 105 shares during the last quarter. Capital Advisors Wealth Management LLC lifted its position in 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 acquiring an additional 105 shares during the period. Finally, Lauterbach Financial Advisors LLC lifted its position in Walmart by 1.8% during the 1st quarter. Lauterbach Financial Advisors LLC now owns 5,885 shares of the retailer's stock worth $517,000 after acquiring an additional 106 shares during the period. Institutional investors own 26.76% of the company's stock.

Insider Activity

In other Walmart news, EVP John R. Furner sold 13,125 shares of the business's stock in a transaction on Thursday, July 17th. The shares were sold at an average price of $95.14, for a total value of $1,248,712.50. Following the completion of the sale, the executive vice president directly owned 932,313 shares of the company's stock, valued at $88,700,258.82. The trade was a 1.39% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP John D. Rainey sold 2,200 shares of the business's stock in a transaction 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 sale, the executive vice president directly owned 628,318 shares of the company's stock, valued at $61,851,623.92. This represents a 0.35% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 143,912 shares of company stock worth $13,863,813. Corporate insiders own 45.58% of the company's stock.

Walmart Stock Up 0.4%

WMT stock opened at $98.40 on Monday. 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's 50 day simple moving average is $96.86 and its 200 day simple moving average is $95.08. The company has a market cap of $785.27 billion, a P/E ratio of 42.05, a price-to-earnings-growth ratio of 4.74 and a beta of 0.66. Walmart Inc. has a fifty-two week low of $66.67 and a fifty-two week high of $105.30.

Walmart (NYSE:WMT - Get Free Report) last posted its quarterly earnings results 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 net margin of 2.75% and a return on equity of 21.76%. 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 EPS. Walmart's revenue was up 2.5% on a year-over-year basis. On average, research analysts expect that Walmart Inc. will post 2.55 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on WMT shares. KeyCorp raised their target price on Walmart from $105.00 to $110.00 and gave the company an "overweight" rating in a research report on Monday, June 9th. Royal Bank Of Canada reissued an "outperform" rating and issued a $103.00 price target (up previously from $102.00) on shares of Walmart in a research note on Monday, June 9th. Stifel Nicolaus decreased their price objective on shares of Walmart from $93.00 to $91.00 and set a "hold" rating on the stock in a report on Wednesday, April 9th. Wall Street Zen upgraded shares of Walmart from a "hold" rating to a "buy" rating in a report on Monday, May 12th. Finally, Truist Financial lifted their target price on shares of Walmart from $107.00 to $111.00 and gave the company a "buy" rating in a report on Friday, May 16th. Two equities research analysts have rated the stock with a hold rating, thirty have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price 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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