Walmart Inc. (NYSE:WMT) Shares Sold by Charles Schwab Investment Management Inc.

Key Points

• Charles Schwab Investment Management Inc. reduced its stake in Walmart by 0.7%, selling 214,294 shares, and now owns approximately 31.37 million shares valued at around $2.75 billion.
• Insider sales include EVP Kathryn J. Mclay selling 28,000 shares for $2.72 million and CEO C Douglas McMillon selling 29,148 shares for approximately $2.82 million, leading to a decrease in their ownership percentage.
• Walmart's latest earnings report showed an EPS of $0.61, exceeding estimates by $0.03, with a 2.5% rise in revenue year-over-year, amounting to $165.61 billion.

Charles Schwab Investment Management Inc. lessened its position in Walmart Inc. (NYSE:WMT - Free Report) by 0.7% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 31,367,256 shares of the retailer's stock after selling 214,294 shares during the period. Charles Schwab Investment Management Inc. owned approximately 0.39% of Walmart worth $2,753,731,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in WMT. Eagle Capital Management LLC lifted 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 valued at $349,000 after purchasing an additional 321 shares during the period. Brighton Jones LLC lifted its stake in shares of Walmart by 28.8% in the fourth 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 lifted its stake in shares of Walmart by 5.8% in the fourth 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 lifted its stake in shares of Walmart by 4.9% in the fourth 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, Texas Yale Capital Corp. lifted its stake in shares of Walmart by 1.7% in the fourth quarter. Texas Yale Capital Corp. now owns 102,920 shares of the retailer's stock valued at $9,299,000 after purchasing an additional 1,675 shares during the period. Institutional investors and hedge funds own 26.76% of the company's stock.

Insider Activity at Walmart

In related news, EVP Kathryn J. Mclay sold 28,000 shares of the company's stock in a transaction that occurred on 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 completion of the transaction, the executive vice president owned 1,064,455 shares of the company's stock, valued at approximately $103,252,135. This represents a 2.56% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO C Douglas Mcmillon sold 29,148 shares of the company's stock in a transaction that occurred on Thursday, May 22nd. The stock was sold at an average price of $96.58, for a total transaction of $2,815,113.84. Following the transaction, the chief executive officer directly owned 4,451,199 shares of the company's stock, valued at $429,896,799.42. This trade represents a 0.65% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 146,112 shares of company stock worth $14,080,073. 45.58% of the stock is currently owned by company insiders.

Walmart Trading Down 0.2%

Shares of NYSE WMT traded down $0.26 during midday trading on Thursday, reaching $103.10. 12,503,690 shares of the stock were exchanged, compared to its average volume of 14,407,530. The company has a market capitalization of $822.81 billion, a P/E ratio of 44.06, a P/E/G ratio of 4.97 and a beta of 0.66. Walmart Inc. has a 52-week low of $66.67 and a 52-week 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 stock has a 50 day moving average price of $97.20 and a 200-day moving average price of $95.29.

Walmart (NYSE:WMT - Get Free Report) last issued its quarterly earnings results on Thursday, May 15th. The retailer reported $0.61 EPS 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 firm had revenue of $165.61 billion during the quarter, compared to analyst estimates of $164.53 billion. During the same quarter in the prior year, the business posted $0.60 earnings per share. Walmart's revenue for the quarter was up 2.5% compared to the same quarter last year. Equities research analysts expect that Walmart Inc. will post 2.55 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts recently commented on the stock. Tigress Financial raised their price objective on shares of Walmart from $115.00 to $120.00 and gave the company a "buy" rating in a research note on Wednesday, July 2nd. Telsey Advisory Group reiterated an "outperform" rating and issued a $115.00 price objective on shares of Walmart in a research note on Monday, June 9th. Royal Bank Of Canada reiterated an "outperform" rating and issued a $103.00 price objective (up previously from $102.00) on shares of Walmart in a research note on Monday, June 9th. Stifel Nicolaus cut their target price on shares of Walmart from $93.00 to $91.00 and set a "hold" rating for the company in a research report on Wednesday, April 9th. Finally, Oppenheimer lifted their target price on shares of Walmart from $100.00 to $110.00 and gave the stock an "outperform" rating in a research report on Wednesday, May 7th. One investment analyst has rated the stock with a hold rating, thirty-one have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Buy" and an average target price of $106.67.

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.