State Street Corp reduced its holdings in Walmart Inc. (NYSE:WMT - Free Report) by 1.7% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 184,239,290 shares of the retailer's stock after selling 3,238,385 shares during the quarter. Walmart comprises 0.6% of State Street Corp's investment portfolio, making the stock its 24th biggest holding. State Street Corp owned 2.29% of Walmart worth $14,877,323,000 as of its most recent SEC filing.
Other hedge funds have also modified their holdings of the company. Peterson Financial Group Inc. purchased a new position in Walmart in the 3rd quarter valued at approximately $26,000. TruNorth Capital Management LLC increased its stake in Walmart by 138.3% in the 2nd quarter. TruNorth Capital Management LLC now owns 429 shares of the retailer's stock valued at $29,000 after purchasing an additional 249 shares in the last quarter. Cultivar Capital Inc. purchased a new position in Walmart in the 2nd quarter valued at approximately $29,000. Voisard Asset Management Group Inc. increased its position in Walmart by 77.3% during the third quarter. Voisard Asset Management Group Inc. now owns 399 shares of the retailer's stock worth $32,000 after buying an additional 174 shares in the last quarter. Finally, Hoese & Co LLP purchased a new position in Walmart during the third quarter worth $33,000. 26.76% of the stock is owned by institutional investors and hedge funds.
WMT stock opened at $94.45 on Thursday. Walmart Inc. has a twelve month low of $49.85 and a twelve month high of $94.51. The company has a market cap of $759.21 billion, a PE ratio of 38.76, a price-to-earnings-growth ratio of 4.44 and a beta of 0.54. The business's 50-day simple moving average is $84.11 and its 200 day simple moving average is $75.57. The company has a quick ratio of 0.23, a current ratio of 0.85 and a debt-to-equity ratio of 0.56.
Walmart (NYSE:WMT - Get Free Report) last released its earnings results on Tuesday, November 19th. The retailer reported $0.58 earnings per share for the quarter, topping analysts' consensus estimates of $0.53 by $0.05. The business had revenue of $169.59 billion for the quarter, compared to the consensus estimate of $167.69 billion. Walmart had a return on equity of 21.78% and a net margin of 2.92%. The firm's revenue for the quarter was up 5.5% compared to the same quarter last year. During the same period last year, the business earned $0.51 earnings per share. On average, research analysts anticipate that Walmart Inc. will post 2.47 earnings per share for the current year.
In related news, SVP David Chojnowski sold 5,600 shares of the company's stock in a transaction on Wednesday, November 27th. The shares were sold at an average price of $91.45, for a total value of $512,120.00. Following the completion of the transaction, the senior vice president now directly owns 87,404 shares of the company's stock, valued at approximately $7,993,095.80. This represents a 6.02 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO C Douglas Mcmillon sold 29,124 shares of the business's stock in a transaction dated Thursday, September 26th. The stock was sold at an average price of $80.64, for a total transaction of $2,348,559.36. Following the sale, the chief executive officer now directly owns 3,873,053 shares in the company, valued at $312,322,993.92. This trade represents a 0.75 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 7,300,460 shares of company stock worth $570,820,065 in the last quarter. Insiders own 45.58% of the company's stock.
Several research firms have recently issued reports on WMT. Piper Sandler raised their price objective on Walmart from $83.00 to $93.00 and gave the stock an "overweight" rating in a report on Monday, November 18th. DA Davidson lifted their target price on Walmart from $75.00 to $85.00 and gave the company a "buy" rating in a report on Friday, August 16th. Deutsche Bank Aktiengesellschaft boosted their price objective on Walmart from $77.00 to $83.00 and gave the stock a "buy" rating in a research note on Friday, August 16th. Evercore ISI boosted their price objective on Walmart from $94.00 to $96.00 and gave the stock an "outperform" rating in a research note on Tuesday. Finally, Roth Mkm boosted their price objective on Walmart from $81.00 to $97.00 and gave the stock a "buy" rating in a research note on Wednesday, November 20th. Two research analysts have rated the stock with a hold rating, twenty-nine have assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, Walmart has a consensus rating of "Moderate Buy" and a consensus price target of $92.11.
View Our Latest Stock Report on 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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