Perfromance Wealth Partners LLC Sells 8,480 Shares of Walmart Inc. (NYSE:WMT)

by · The Markets Daily

Perfromance Wealth Partners LLC lessened its holdings in shares of Walmart Inc. (NYSE:WMT – Free Report) by 2.1% in the third quarter, HoldingsChannel.com reports. The firm owned 398,794 shares of the retailer’s stock after selling 8,480 shares during the period. Walmart comprises 1.1% of Perfromance Wealth Partners LLC’s holdings, making the stock its 14th largest position. Perfromance Wealth Partners LLC’s holdings in Walmart were worth $32,203,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Vanguard Group Inc. boosted its position in Walmart by 199.4% in the first quarter. Vanguard Group Inc. now owns 411,745,334 shares of the retailer’s stock worth $24,774,717,000 after purchasing an additional 274,229,968 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its holdings in shares of Walmart by 181.0% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 56,861,234 shares of the retailer’s stock worth $3,421,342,000 after buying an additional 36,625,314 shares during the last quarter. Legal & General Group Plc grew its position in Walmart by 1.8% during the second quarter. Legal & General Group Plc now owns 36,282,740 shares of the retailer’s stock valued at $2,456,704,000 after buying an additional 644,353 shares during the period. Raymond James & Associates increased its stake in shares of Walmart by 16.0% during the 2nd quarter. Raymond James & Associates now owns 16,282,129 shares of the retailer’s stock worth $1,102,463,000 after purchasing an additional 2,246,656 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its stake in Walmart by 5.4% in the second quarter. Dimensional Fund Advisors LP now owns 16,184,945 shares of the retailer’s stock valued at $1,095,946,000 after purchasing an additional 834,005 shares during the last quarter. Institutional investors and hedge funds own 26.76% of the company’s stock.

Analysts Set New Price Targets

WMT has been the topic of a number of research reports. Telsey Advisory Group boosted their price objective on Walmart from $82.00 to $92.00 and gave the company an “outperform” rating in a research note on Tuesday. Citigroup upped their price target on shares of Walmart from $75.00 to $98.00 and gave the company a “buy” rating in a research note on Friday, September 27th. Stifel Nicolaus lifted their target price on Walmart from $71.00 to $73.00 and gave the company a “hold” rating in a report on Tuesday, August 13th. Truist Financial upgraded shares of Walmart from a “hold” rating to a “buy” rating and increased their target price for the stock from $76.00 to $89.00 in a research note on Tuesday, September 24th. Finally, Evercore ISI upped their price target on shares of Walmart from $78.00 to $80.00 and gave the stock an “outperform” rating in a report on Thursday, August 22nd. One research analyst has rated the stock with a hold rating, twenty-eight have issued a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, Walmart currently has an average rating of “Buy” and an average target price of $82.32.

Get Our Latest Stock Report on Walmart

Insider Transactions at Walmart

In other Walmart news, major shareholder Alice L. Walton sold 2,709,163 shares of the company’s stock in a transaction on Tuesday, September 3rd. The stock was 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 owns 630,501,148 shares in the company, valued at $48,781,873,820.76. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other Walmart news, EVP Daniel J. Bartlett sold 2,063 shares of the company’s stock in a transaction on Monday, September 16th. The shares were sold at an average price of $80.76, for a total value of $166,607.88. Following the sale, the executive vice president now directly owns 459,558 shares of the company’s stock, valued at approximately $37,113,904.08. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, major shareholder Alice L. Walton sold 2,709,163 shares of the firm’s stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $77.37, for a total transaction of $209,607,941.31. Following the sale, the insider now directly owns 630,501,148 shares in the company, valued at $48,781,873,820.76. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 12,337,670 shares of company stock worth $958,267,937. 45.58% of the stock is currently owned by company insiders.

Walmart Stock Performance

WMT stock traded up $0.49 during trading on Friday, reaching $80.10. The stock had a trading volume of 9,570,734 shares, compared to its average volume of 16,313,674. Walmart Inc. has a 52 week low of $49.85 and a 52 week high of $81.60. The stock’s 50 day moving average is $76.55 and its two-hundred day moving average is $68.82. The firm has a market cap of $643.86 billion, a PE ratio of 41.64, a PEG ratio of 3.99 and a beta of 0.51. The company has a current ratio of 0.80, a quick ratio of 0.22 and a debt-to-equity ratio of 0.46.

Walmart (NYSE:WMT – Get Free Report) last released its quarterly earnings data on Thursday, August 15th. The retailer reported $0.67 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.65 by $0.02. The firm had revenue of $169.30 billion for the quarter, compared to analysts’ expectations of $168.56 billion. Walmart had a net margin of 2.34% and a return on equity of 21.72%. The company’s revenue for the quarter was up 4.7% compared to the same quarter last year. During the same quarter last year, the business posted $0.61 earnings per share. As a group, equities analysts anticipate that Walmart Inc. will post 2.44 earnings per share for the current year.

About Walmart

(Free Report)

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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