Raiffeisen Bank International AG Reduces Position in Walmart Inc. (NYSE:WMT)

Key Points

• Raiffeisen Bank International AG has reduced its holdings in Walmart Inc. by 9.0%, selling 6,197 shares and ending up with 62,844 shares valued at $5,354,000.
• Several institutional investors, including Eagle Capital Management and Brighton Jones LLC, have increased their stakes in Walmart, highlighting ongoing interest in the retailer amidst recent changes in shareholder positions.
• Walmart's recent quarterly earnings report showed an EPS of $0.61, surpassing the consensus estimate and reflecting a 2.5% year-over-year revenue increase to $165.61 billion.

Raiffeisen Bank International AG cut its holdings in shares of Walmart Inc. (NYSE:WMT - Free Report) by 9.0% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 62,844 shares of the retailer's stock after selling 6,197 shares during the period. Raiffeisen Bank International AG's holdings in Walmart were worth $5,354,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of WMT. Eagle Capital Management LLC raised its stake in shares of Walmart by 9.1% in the fourth quarter. Eagle Capital Management LLC now owns 3,861 shares of the retailer's stock worth $349,000 after buying an additional 321 shares during the period. Brighton Jones LLC raised its stake in Walmart by 28.8% during the 4th quarter. Brighton Jones LLC now owns 98,150 shares of the retailer's stock valued at $8,868,000 after purchasing an additional 21,939 shares during the period. Revolve Wealth Partners LLC raised its stake in Walmart by 5.8% during the 4th quarter. Revolve Wealth Partners LLC now owns 8,849 shares of the retailer's stock valued at $800,000 after purchasing an additional 485 shares during the period. 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 valued at $3,338,000 after purchasing an additional 1,720 shares during the period. Finally, Darden Wealth Group Inc raised its stake in Walmart by 15.7% during the 4th quarter. Darden Wealth Group Inc now owns 5,535 shares of the retailer's stock valued at $500,000 after purchasing an additional 750 shares during the period. 26.76% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Walmart

In other news, EVP Kathryn J. Mclay sold 4,000 shares of the firm's stock in a transaction on Monday, July 21st. The stock was sold at an average price of $95.14, for a total transaction of $380,560.00. Following the completion of the transaction, the executive vice president directly owned 1,056,455 shares in the company, valued at $100,511,128.70. This trade represents a 0.38% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP John R. Furner sold 13,125 shares of the firm's 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 transaction, the executive vice president owned 932,313 shares of the company's stock, valued at approximately $88,700,258.82. This represents a 1.39% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 143,912 shares of company stock valued at $13,863,813 over the last 90 days. Corporate insiders own 45.58% of the company's stock.

Wall Street Analysts Forecast Growth

WMT has been the topic of a number of research reports. DA Davidson reaffirmed a "buy" rating and issued a $117.00 price objective on shares of Walmart in a research note on Friday, May 16th. UBS Group reduced their price objective on Walmart from $112.00 to $110.00 and set a "buy" rating on the stock in a research note on Thursday, April 10th. Tigress Financial lifted their price objective on Walmart from $115.00 to $120.00 and gave the stock a "buy" rating in a research note on Wednesday, July 2nd. Citigroup reaffirmed a "buy" rating on shares of Walmart in a research note on Tuesday, May 6th. Finally, Oppenheimer lifted their price objective on Walmart from $100.00 to $110.00 and gave the stock an "outperform" rating in a research note on Wednesday, May 7th. Two equities research analysts have rated the stock with a hold rating, thirty have assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $106.67.

Walmart Price Performance

NYSE:WMT opened at $98.40 on Monday. Walmart Inc. has a one year low of $66.67 and a one year high of $105.30. 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 cap of $785.27 billion, a PE ratio of 42.05, a P/E/G ratio of 4.74 and a beta of 0.66. The stock has a 50 day moving average price of $96.86 and a 200 day moving average price of $95.08.

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, beating the consensus estimate of $0.58 by $0.03. Walmart had a return on equity of 21.76% and a net margin of 2.75%. The firm had revenue of $165.61 billion during the quarter, compared to analysts' expectations 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. Equities research analysts expect that Walmart Inc. will post 2.55 EPS for the current fiscal year.

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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