Walmart Inc. (NYSE:WMT) Stock Holdings Decreased by Virtu Financial LLC

Key Points

• Virtu Financial LLC has significantly decreased its stake in Walmart Inc. by 58.0%, holding 23,341 shares valued at approximately $2,049,000.
• Walmart reported $0.61 earnings per share for the latest quarter, surpassing analysts' expectations of $0.58, with a revenue of $165.61 billion.
• Several hedge funds increased their positions in Walmart, with Monument Capital Management growing its stake by 94.2% to 55,004 shares valued at $4,829,000.

Virtu Financial LLC lowered its stake in Walmart Inc. (NYSE:WMT - Free Report) by 58.0% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 23,341 shares of the retailer's stock after selling 32,196 shares during the period. Virtu Financial LLC's holdings in Walmart were worth $2,049,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of WMT. Full Sail Capital LLC grew its position in shares of Walmart by 6.6% during the 4th quarter. Full Sail Capital LLC now owns 8,702 shares of the retailer's stock valued at $786,000 after buying an additional 541 shares during the last quarter. Leslie Global Wealth LLC grew its position in shares of Walmart by 22.0% during the 4th quarter. Leslie Global Wealth LLC now owns 3,154 shares of the retailer's stock valued at $285,000 after buying an additional 568 shares during the last quarter. Monument Capital Management grew its position in shares of Walmart by 94.2% during the 1st quarter. Monument Capital Management now owns 55,004 shares of the retailer's stock valued at $4,829,000 after buying an additional 26,685 shares during the last quarter. Milestone Asset Management LLC grew its position in shares of Walmart by 156.7% during the 1st quarter. Milestone Asset Management LLC now owns 54,659 shares of the retailer's stock valued at $4,799,000 after buying an additional 33,370 shares during the last quarter. Finally, Rossby Financial LCC bought a new stake in shares of Walmart during the 4th quarter valued at about $1,404,000. Institutional investors own 26.76% of the company's stock.

Walmart Trading Up 0.6%

NYSE WMT opened at $103.77 on Monday. Walmart Inc. has a twelve month low of $67.14 and a twelve month 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 $828.13 billion, a price-to-earnings ratio of 44.35, a PEG ratio of 4.99 and a beta of 0.66. The firm's 50 day moving average price is $97.30 and its two-hundred day moving average price is $95.39.

Walmart (NYSE:WMT - Get Free Report) last posted its quarterly earnings data on Thursday, May 15th. The retailer reported $0.61 earnings per share 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 for the quarter, compared to analysts' expectations of $164.53 billion. During the same period in the previous year, the company posted $0.60 EPS. The company's quarterly revenue was up 2.5% compared to the same quarter last year. Equities analysts anticipate that Walmart Inc. will post 2.55 EPS for the current year.

Insider Activity at Walmart

In other news, EVP John R. Furner sold 13,125 shares of the business's stock in a transaction on Friday, June 20th. The shares were sold at an average price of $95.85, for a total transaction of $1,258,031.25. Following the transaction, the executive vice president directly owned 945,434 shares in the company, valued at $90,619,848.90. The trade was a 1.37% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP John D. Rainey sold 2,200 shares of the business's stock in a transaction 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 transaction, the executive vice president 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. In the last quarter, insiders have sold 146,112 shares of company stock valued at $14,080,073. Insiders own 0.10% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on WMT. KeyCorp boosted their price objective 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. Telsey Advisory Group reissued an "outperform" rating and set a $115.00 target price on shares of Walmart in a research note on Monday, June 9th. Evercore ISI boosted their target price on shares of Walmart from $105.00 to $107.00 and gave the company an "outperform" rating in a research note on Wednesday, June 4th. Erste Group Bank raised shares of Walmart from a "hold" rating to a "buy" rating in a research note on Tuesday, August 5th. Finally, Wall Street Zen raised shares of Walmart from a "hold" rating to a "buy" rating in a research note on Monday, May 12th. 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 presently has an average rating of "Buy" and an average target price of $106.67.

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.

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