Schnieders Capital Management LLC Decreases Stock Position in Walmart Inc. (NYSE:WMT)

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 lowered its position in shares of Walmart Inc. (NYSE:WMT - Free Report) by 9.7% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 90,293 shares of the retailer's stock after selling 9,697 shares during the period. Walmart comprises about 1.7% of Schnieders Capital Management LLC's 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 bought and sold shares of WMT. Bear Mountain Capital Inc. grew its position in Walmart by 98.2% during 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 last quarter. EQ Wealth Advisors LLC bought a new stake in shares of Walmart in the 1st quarter valued at about $35,000. Lipe & Dalton grew its position in shares of Walmart by 95.2% in the 1st 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 bought a new stake in shares of Walmart in the 1st quarter valued at about $49,000. Finally, Vega Investment Solutions bought a new stake in shares of Walmart in the 4th quarter valued at about $54,000. Institutional investors own 26.76% of the company's stock.

Walmart Stock Up 0.6%

WMT stock traded up $0.65 during trading on Friday, reaching $103.77. 12,392,140 shares of the stock were exchanged, compared to its average volume of 14,088,264. The firm's 50 day moving average is $97.30 and its 200 day moving average is $95.37. Walmart Inc. has a twelve month low of $67.14 and a twelve month high of $105.30. The company has a current ratio of 0.78, a quick ratio of 0.22 and a debt-to-equity ratio of 0.47. The firm has a market cap of $828.13 billion, a P/E ratio of 44.35, a price-to-earnings-growth ratio of 4.96 and a beta of 0.66.

Walmart (NYSE:WMT - Get Free Report) last issued its quarterly earnings data on Thursday, May 15th. The retailer reported $0.61 EPS for the quarter, topping the consensus estimate of $0.58 by $0.03. The firm had revenue of $165.61 billion during the quarter, compared to the consensus estimate of $164.53 billion. Walmart had a return on equity of 21.76% and a net margin of 2.75%. The company's quarterly revenue was up 2.5% compared to the same quarter last year. During the same period in the prior year, the business posted $0.60 earnings per share. As a group, research analysts forecast that Walmart Inc. will post 2.55 EPS for the current year.

Wall Street Analysts Forecast Growth

WMT has been the topic of a number of analyst reports. Tigress Financial upped their price target on Walmart from $115.00 to $120.00 and gave the company a "buy" rating in a research report on Wednesday, July 2nd. Telsey Advisory Group reiterated an "outperform" rating and issued a $115.00 price target on shares of Walmart in a research report on Monday, June 9th. Truist Financial upped their price target on Walmart from $107.00 to $111.00 and gave the company a "buy" rating in a research report on Friday, May 16th. KeyCorp upped their price target on Walmart from $105.00 to $110.00 and gave the company an "overweight" rating in a research report on Monday, June 9th. Finally, Oppenheimer upped their price target on Walmart from $100.00 to $110.00 and gave the company an "outperform" rating in a research report on Wednesday, May 7th. One analyst has rated the stock with a hold rating, thirty-one have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, Walmart has a consensus rating of "Buy" and an average price target of $106.67.

Insider Transactions at Walmart

In other news, EVP John R. Furner sold 13,125 shares of the stock in a transaction that occurred 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 completion of the sale, the executive vice president directly owned 932,313 shares of the company's stock, valued at $88,700,258.82. This represents a 1.39% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP John D. Rainey sold 2,200 shares of the stock in a transaction that occurred 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 completion of the sale, the executive vice president directly owned 626,118 shares of the company's stock, valued at approximately $61,547,399.40. This trade represents a 0.35% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 146,112 shares of company stock valued at $14,080,073. Corporate insiders own 45.58% of the company's stock.

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.