Walmart Inc. (NYSE:WMT) Shares Sold by Fayez Sarofim & Co

Key Points

• Fayez Sarofim & Co reduced its stake in Walmart by 0.5%, owning 1,717,313 shares valued at approximately $150.76 million after selling 9,076 shares.
• Walmart's executives, including EVP Kathryn J. Mclay and John D. Rainey, sold significant shares recently, contributing to a total of 146,112 shares sold worth over $14 million in the past ninety days.
• Walmart's stock has a consensus rating of "Buy" from analysts with an average target price of $106.67, following strong quarterly earnings that surpassed expectations.

Fayez Sarofim & Co lessened its position in shares of Walmart Inc. (NYSE:WMT - Free Report) by 0.5% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,717,313 shares of the retailer's stock after selling 9,076 shares during the quarter. Fayez Sarofim & Co's holdings in Walmart were worth $150,763,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in WMT. Eagle Capital Management LLC grew its position in Walmart by 9.1% during the fourth quarter. Eagle Capital Management LLC now owns 3,861 shares of the retailer's stock valued at $349,000 after buying an additional 321 shares during the period. Brighton Jones LLC grew its position 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 grew its position 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 grew its position 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. grew its position 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 Buying and Selling at Walmart

In other Walmart news, EVP Kathryn J. Mclay sold 28,000 shares of the stock in a transaction that occurred on Wednesday, May 21st. The shares were sold at an average price of $97.00, for a total value of $2,716,000.00. Following the sale, the executive vice president directly owned 1,064,455 shares of the company's stock, valued at approximately $103,252,135. This represents a 2.56% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, EVP John D. Rainey sold 2,200 shares of the stock in a transaction that occurred on Tuesday, July 1st. The shares were sold at an average price of $98.44, for a total transaction of $216,568.00. Following the completion of the sale, the executive vice president directly owned 628,318 shares in the company, valued at approximately $61,851,623.92. This represents a 0.35% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 146,112 shares of company stock worth $14,080,073. 45.58% of the stock is currently owned by company insiders.

Walmart Trading Up 4.0%

Shares of WMT stock opened at $103.27 on Thursday. 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 capitalization of $824.14 billion, a P/E ratio of 44.13, a price-to-earnings-growth ratio of 4.78 and a beta of 0.66. The company has a 50 day moving average price of $97.07 and a 200 day moving average price of $95.22. Walmart Inc. has a fifty-two week low of $66.67 and a fifty-two week high of $105.30.

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

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on WMT. Royal Bank Of Canada reiterated an "outperform" rating and issued a $103.00 target price (up previously from $102.00) on shares of Walmart in a research report on Monday, June 9th. DA Davidson reiterated a "buy" rating and issued a $117.00 target price on shares of Walmart in a research report on Friday, May 16th. Erste Group Bank upgraded shares of Walmart from a "hold" rating to a "buy" rating in a research report on Tuesday. Stifel Nicolaus dropped their target price on shares of Walmart from $93.00 to $91.00 and set a "hold" rating on the stock in a research report on Wednesday, April 9th. Finally, KeyCorp lifted their target price on shares of Walmart from $105.00 to $110.00 and gave the company an "overweight" rating in a research report on Monday, June 9th. One 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. According to MarketBeat, the stock has a consensus 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.

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