Walmart Inc. (NYSE:WMT) Shares Sold by Schnieders Capital Management LLC

Key Points

• Schnieders Capital Management LLC reduced its stake in Walmart Inc. by 9.7%, now owning 90,293 shares valued at approximately $7.93 million.
• Several institutional investors, including GAMMA Investing LLC and Goldman Sachs Group Inc., significantly increased their positions in Walmart during the first quarter of 2023.
• Walmart reported a net income of $0.61 EPS for the last quarter, exceeding analysts' expectations, with revenue of $165.61 billion, marking a 2.5% year-over-year increase.

Schnieders Capital Management LLC decreased its position in Walmart Inc. (NYSE:WMT - Free Report) by 9.7% in the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 90,293 shares of the retailer's stock after selling 9,697 shares during the period. Walmart accounts for about 1.7% of Schnieders Capital Management LLC's investment portfolio, making the stock its 15th biggest position. Schnieders Capital Management LLC's holdings in Walmart were worth $7,927,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Bear Mountain Capital Inc. lifted its holdings in Walmart by 98.2% in the 1st quarter. Bear Mountain Capital Inc. now owns 337 shares of the retailer's stock valued at $32,000 after purchasing an additional 167 shares in the last quarter. EQ Wealth Advisors LLC acquired a new stake in shares of Walmart in the first quarter valued at about $35,000. Lipe & Dalton raised its position in shares of Walmart by 95.2% in the first quarter. Lipe & Dalton now owns 410 shares of the retailer's stock valued at $36,000 after buying an additional 200 shares during the last quarter. Nexus Investment Management ULC purchased a new position in shares of Walmart in the first quarter worth about $49,000. Finally, Vega Investment Solutions acquired a new position in Walmart during the fourth quarter worth about $54,000. Institutional investors own 26.76% of the company's stock.

Walmart Trading Up 4.0%

Shares of WMT stock traded up $3.96 on Wednesday, hitting $103.27. The stock had a trading volume of 23,730,095 shares, compared to its average volume of 13,905,739. The company's 50 day moving average price is $96.95 and its 200-day moving average price is $95.16. Walmart Inc. has a 1 year low of $66.67 and a 1 year high of $105.30. The firm has a market capitalization of $824.14 billion, a P/E ratio of 44.13, a P/E/G ratio of 4.78 and a beta of 0.66. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.78 and a quick ratio of 0.22.

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

Wall Street Analysts Forecast Growth

A number of research firms have commented on WMT. Erste Group Bank upgraded shares of Walmart from a "hold" rating to a "buy" rating in a report on Tuesday. Wall Street Zen raised Walmart from a "hold" rating to a "buy" rating in a report on Monday, May 12th. Stifel Nicolaus reduced their price objective on Walmart from $93.00 to $91.00 and set a "hold" rating on the stock in a research report on Wednesday, April 9th. UBS Group dropped their target price on Walmart from $112.00 to $110.00 and set a "buy" rating for the company in a report on Thursday, April 10th. Finally, Tigress Financial raised their target price on Walmart from $115.00 to $120.00 and gave the stock a "buy" rating in a research note on Wednesday, July 2nd. One research analyst has rated the stock with a hold rating, thirty-one have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Buy" and a consensus price target of $106.67.

Insider Activity at Walmart

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 transaction, the executive vice president owned 932,313 shares in the company, 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 legal filing with the SEC, which is available at the SEC website. Also, EVP John D. Rainey sold 2,200 shares of the company's stock in a transaction on Friday, August 1st. The stock was sold at an average price of $98.30, for a total value of $216,260.00. Following the sale, the executive vice president directly owned 626,118 shares in the company, valued at $61,547,399.40. This represents a 0.35% decrease in their position. The disclosure for this sale can be found here. Insiders sold 146,112 shares of company stock worth $14,080,073 over the last 90 days. 45.58% of the stock is currently owned by corporate insiders.

About Walmart

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.