Victory Capital Management Inc. Decreases Stake in Walmart Inc. (NYSE:WMT)

Victory Capital Management Inc. lessened its stake in shares of Walmart Inc. (NYSE:WMT) by 6.2% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 2,548,782 shares of the retailer’s stock after selling 167,873 shares during the period. Victory Capital Management Inc.’s holdings in Walmart were worth $205,814,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the stock. Sustainable Insight Capital Management LLC acquired a new position in shares of Walmart in the 1st quarter valued at $723,000. Anchor Capital Advisors LLC lifted its holdings in shares of Walmart by 159.0% during the first quarter. Anchor Capital Advisors LLC now owns 263,650 shares of the retailer’s stock worth $15,864,000 after purchasing an additional 161,846 shares during the period. Oxbow Advisors LLC lifted its holdings in shares of Walmart by 45.0% during the third quarter. Oxbow Advisors LLC now owns 28,453 shares of the retailer’s stock worth $2,298,000 after purchasing an additional 8,834 shares during the period. Crossmark Global Holdings Inc. boosted its position in Walmart by 21.9% in the third quarter. Crossmark Global Holdings Inc. now owns 587,001 shares of the retailer’s stock valued at $47,400,000 after buying an additional 105,430 shares during the last quarter. Finally, Whalerock Point Partners LLC increased its holdings in Walmart by 213.5% in the 1st quarter. Whalerock Point Partners LLC now owns 29,613 shares of the retailer’s stock worth $1,782,000 after buying an additional 20,167 shares during the period. Institutional investors and hedge funds own 26.76% of the company’s stock.

Insiders Place Their Bets

In related news, major shareholder Alice L. Walton sold 2,709,163 shares of Walmart stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $77.37, for a total value of $209,607,941.31. Following the completion of the transaction, the insider now owns 630,501,148 shares in the company, valued at approximately $48,781,873,820.76. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In related news, EVP John D. Rainey sold 3,000 shares of Walmart stock in a transaction that occurred on Friday, November 1st. The shares were sold at an average price of $82.12, for a total value of $246,360.00. Following the completion of the transaction, the executive vice president now owns 378,165 shares in the company, valued at $31,054,909.80. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, major shareholder Alice L. Walton sold 2,709,163 shares of the stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $77.37, for a total transaction of $209,607,941.31. Following the completion of the sale, the insider now directly owns 630,501,148 shares in the company, valued at approximately $48,781,873,820.76. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 12,337,337 shares of company stock worth $958,823,647 over the last three months. Company insiders own 45.58% of the company’s stock.

Walmart Price Performance

Shares of NYSE WMT traded up $0.96 during mid-day trading on Tuesday, reaching $85.17. The company’s stock had a trading volume of 2,669,801 shares, compared to its average volume of 16,684,426. The stock has a 50-day moving average of $80.67 and a two-hundred day moving average of $72.27. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.22 and a current ratio of 0.80. The stock has a market capitalization of $684.62 billion, a P/E ratio of 44.28, a P/E/G ratio of 4.25 and a beta of 0.51. Walmart Inc. has a 1-year low of $49.85 and a 1-year high of $85.54.

Walmart (NYSE:WMT) last released its quarterly earnings data on Thursday, August 15th. The retailer reported $0.67 EPS for the quarter, beating analysts’ consensus estimates of $0.65 by $0.02. The company had revenue of $169.30 billion during the quarter, compared to the consensus estimate of $168.56 billion. Walmart had a net margin of 2.34% and a return on equity of 21.72%. Walmart’s quarterly revenue was up 4.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.61 EPS. On average, equities research analysts anticipate that Walmart Inc. will post 2.44 EPS for the current fiscal year.

Analyst Ratings Changes

WMT has been the topic of several recent research reports. Barclays upped their price objective on shares of Walmart from $66.00 to $78.00 and gave the company an “overweight” rating in a report on Friday, August 16th. Tigress Financial boosted their price objective on Walmart from $75.00 to $86.00 and gave the company a “buy” rating in a report on Tuesday, July 23rd. Truist Financial upgraded Walmart from a “hold” rating to a “buy” rating and upped their target price for the stock from $76.00 to $89.00 in a research note on Tuesday, September 24th. Melius Research started coverage on Walmart in a research report on Monday, September 23rd. They set a “buy” rating and a $95.00 price target for the company. Finally, Bank of America upped their price objective on Walmart from $75.00 to $85.00 and gave the stock a “buy” rating in a research report on Friday, August 16th. One equities research analyst has rated the stock with a hold rating, twenty-nine have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Walmart presently has a consensus rating of “Buy” and an average price target of $84.15.

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.