St. Johns Investment Management Company LLC Lowers Stock Position in Walmart Inc. (NYSE:WMT)

St. Johns Investment Management Company LLC lessened its holdings in Walmart Inc. (NYSE:WMT) by 3.8% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 39,297 shares of the retailer’s stock after selling 1,560 shares during the quarter. Walmart accounts for about 1.5% of St. Johns Investment Management Company LLC’s holdings, making the stock its 17th biggest position. St. Johns Investment Management Company LLC’s holdings in Walmart were worth $3,173,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. Hoese & Co LLP purchased a new stake in Walmart in the 3rd quarter valued at approximately $33,000. EntryPoint Capital LLC purchased a new stake in Walmart in the 1st quarter valued at approximately $25,000. TruNorth Capital Management LLC boosted its holdings 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 stake in Walmart in the 2nd quarter valued at approximately $29,000. Finally, Livelsberger Financial Advisory purchased a new stake in Walmart in the 3rd quarter valued at approximately $36,000. Hedge funds and other institutional investors own 26.76% of the company’s stock.

Walmart Stock Down 0.6 %

Shares of NYSE WMT opened at $82.51 on Friday. Walmart Inc. has a 52-week low of $49.85 and a 52-week high of $83.34. The firm has a fifty day moving average of $79.09 and a 200-day moving average of $70.40. The stock has a market capitalization of $663.67 billion, a PE ratio of 35.26, a P/E/G ratio of 4.11 and a beta of 0.51. The company has a quick ratio of 0.22, a current ratio of 0.80 and a debt-to-equity ratio of 0.46.

Walmart (NYSE:WMT) last announced 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. Walmart had a net margin of 2.34% and a return on equity of 21.72%. The company had revenue of $169.30 billion during the quarter, compared to analysts’ expectations of $168.56 billion. During the same period in the previous year, the company earned $0.61 EPS. The business’s quarterly revenue was up 4.7% compared to the same quarter last year. On average, analysts anticipate that Walmart Inc. will post 2.44 EPS for the current year.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on WMT shares. Roth Mkm boosted their price target on Walmart from $71.00 to $81.00 and gave the stock a “buy” rating in a research note on Friday, August 16th. Piper Sandler reissued an “overweight” rating and set a $83.00 price target (up previously from $81.00) on shares of Walmart in a research note on Friday, August 16th. Oppenheimer boosted their price target on Walmart from $81.00 to $90.00 and gave the stock an “outperform” rating in a research note on Monday, October 14th. Evercore ISI boosted their price target on Walmart from $82.00 to $85.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 22nd. Finally, Truist Financial raised Walmart from a “hold” rating to a “buy” rating and boosted their price target for the stock from $76.00 to $89.00 in a research note on Tuesday, September 24th. One research analyst has rated the stock with a hold rating, twenty-nine have assigned a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average target price of $83.51.

Insider Activity

In related 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 transaction of $166,607.88. Following the completion of 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, major shareholder Alice L. Walton sold 2,709,163 shares of the company’s stock in a transaction 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 of the company’s stock, valued at approximately $48,781,873,820.76. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Daniel J. Bartlett sold 2,063 shares of the company’s stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $80.76, for a total transaction of $166,607.88. Following the completion of the transaction, the executive vice president now directly owns 459,558 shares of the company’s stock, valued at approximately $37,113,904.08. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 12,337,337 shares of company stock valued at $958,784,857 in the last ninety days. Company insiders own 45.58% of the company’s stock.

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.