Motley Fool Wealth Management LLC Sells 3,938 Shares of Walmart Inc. (NYSE:WMT)

Key Points

• Motley Fool Wealth Management LLC reduced its stake in Walmart Inc. by 12% in the first quarter, selling 3,938 shares, and ending with 28,987 shares valued at $2.5 million.
• Multiple analysts have expressed positive sentiments regarding Walmart's stock, with several raising their price targets and maintaining an "outperform" rating, reflecting strong market confidence.
• Insider activity includes significant stock sales by executives, with EVP Kathryn J. Mclay selling 28,000 shares for $2.7 million, indicating a 2.56% decrease in their ownership.

Motley Fool Wealth Management LLC lessened its holdings in shares of Walmart Inc. (NYSE:WMT - Free Report) by 12.0% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 28,987 shares of the retailer's stock after selling 3,938 shares during the period. Motley Fool Wealth Management LLC's holdings in Walmart were worth $2,545,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Eagle Capital Management LLC increased its position in shares of Walmart by 9.1% during the 4th quarter. Eagle Capital Management LLC now owns 3,861 shares of the retailer's stock worth $349,000 after purchasing an additional 321 shares during the last quarter. Brighton Jones LLC grew its holdings in 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 in the last quarter. Revolve Wealth Partners LLC grew its holdings 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 grew its holdings in shares of 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 purchasing an additional 1,720 shares in the last quarter. Finally, Sagespring Wealth Partners LLC acquired a new stake in shares of Walmart during the 4th quarter worth $10,972,000. Institutional investors and hedge funds own 26.76% of the company's stock.

Wall Street Analyst Weigh In

Several analysts recently weighed in on WMT shares. Mizuho raised their price objective on Walmart from $105.00 to $115.00 and gave the company an "outperform" rating in a research note on Monday, June 9th. Telsey Advisory Group restated an "outperform" rating and set a $115.00 price objective on shares of Walmart in a research report on Monday, June 9th. Oppenheimer lifted their target price on Walmart from $100.00 to $110.00 and gave the stock an "outperform" rating in a report on Wednesday, May 7th. Sanford C. Bernstein reiterated an "outperform" rating on shares of Walmart in a report on Monday, May 5th. Finally, Evercore ISI boosted their price objective on Walmart from $105.00 to $107.00 and gave the company an "outperform" rating in a report on Wednesday, June 4th. One investment analyst has rated the stock with a hold rating, thirty-one have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Buy" and a consensus price target of $106.67.

Insider Activity at Walmart

In other Walmart news, EVP Kathryn J. Mclay sold 28,000 shares of the company's stock in a transaction dated Wednesday, May 21st. The shares were sold at an average price of $97.00, for a total transaction of $2,716,000.00. Following the transaction, the executive vice president directly owned 1,064,455 shares in the company, valued at approximately $103,252,135. This represents a 2.56% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP John D. Rainey sold 2,200 shares of the company's stock in a transaction dated Tuesday, July 1st. The stock was sold at an average price of $98.44, for a total transaction of $216,568.00. Following the transaction, the executive vice president owned 628,318 shares in the company, valued at $61,851,623.92. The trade was a 0.35% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 146,112 shares of company stock valued at $14,080,073. 0.10% of the stock is owned by corporate insiders.

Walmart Trading Up 0.6%

Shares of Walmart stock opened at $103.77 on Monday. Walmart Inc. has a 52-week low of $67.14 and a 52-week high of $105.30. The company has a quick ratio of 0.22, a current ratio of 0.78 and a debt-to-equity ratio of 0.47. The company's 50-day simple moving average is $97.30 and its 200-day simple moving average is $95.39. The firm has a market cap of $828.13 billion, a price-to-earnings ratio of 44.35, a price-to-earnings-growth ratio of 4.99 and a beta of 0.66.

Walmart (NYSE:WMT - Get Free Report) last issued its earnings results on Thursday, May 15th. The retailer reported $0.61 earnings per share for the quarter, topping the consensus estimate 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 analyst estimates of $164.53 billion. During the same period in the prior year, the business posted $0.60 earnings per share. The firm's revenue for the quarter was up 2.5% compared to the same quarter last year. As a group, equities research analysts anticipate that Walmart Inc. will post 2.55 earnings per share for the current year.

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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