Walmart Inc. (NYSE:WMT) Shares Sold by Mattern Capital Management LLC

Mattern Capital Management LLC trimmed its position in shares of Walmart Inc. (NYSE:WMT) by 1.0% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 168,133 shares of the retailer’s stock after selling 1,736 shares during the period. Walmart accounts for approximately 1.6% of Mattern Capital Management LLC’s investment portfolio, making the stock its 9th biggest position. Mattern Capital Management LLC’s holdings in Walmart were worth $11,384,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Rossmore Private Capital grew its stake in shares of Walmart by 0.3% in the 4th quarter. Rossmore Private Capital now owns 20,504 shares of the retailer’s stock worth $3,232,000 after acquiring an additional 65 shares in the last quarter. Sheaff Brock Investment Advisors LLC increased its stake in Walmart by 0.3% in the 4th quarter. Sheaff Brock Investment Advisors LLC now owns 21,377 shares of the retailer’s stock valued at $3,370,000 after buying an additional 65 shares during the last quarter. Landmark Financial Advisors LLC lifted its position in shares of Walmart by 1.0% during the 4th quarter. Landmark Financial Advisors LLC now owns 7,055 shares of the retailer’s stock worth $1,112,000 after buying an additional 70 shares in the last quarter. MinichMacGregor Wealth Management LLC boosted its stake in shares of Walmart by 4.0% in the 4th quarter. MinichMacGregor Wealth Management LLC now owns 2,063 shares of the retailer’s stock worth $325,000 after buying an additional 79 shares during the last quarter. Finally, Lee Financial Co increased its position in shares of Walmart by 2.1% during the fourth quarter. Lee Financial Co now owns 4,076 shares of the retailer’s stock valued at $644,000 after acquiring an additional 82 shares during the last quarter. 26.76% of the stock is owned by institutional investors.

Insider Activity at Walmart

In other Walmart news, CEO C Douglas Mcmillon sold 29,124 shares of Walmart stock in a transaction dated Thursday, July 25th. The stock was sold at an average price of $70.61, for a total transaction of $2,056,445.64. Following the completion of the sale, the chief executive officer now owns 3,931,301 shares of the company’s stock, valued at $277,589,163.61. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other news, EVP John R. Furner sold 13,125 shares of the company’s stock in a transaction on Thursday, July 25th. The shares were sold at an average price of $70.60, for a total value of $926,625.00. Following the completion of the sale, the executive vice president now owns 632,415 shares of the company’s stock, valued at approximately $44,648,499. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO C Douglas Mcmillon sold 29,124 shares of the stock in a transaction on Thursday, July 25th. The shares were sold at an average price of $70.61, for a total transaction of $2,056,445.64. Following the transaction, the chief executive officer now directly owns 3,931,301 shares in the company, valued at approximately $277,589,163.61. The disclosure for this sale can be found here. Insiders have sold a total of 6,306,511 shares of company stock valued at $420,470,807 over the last 90 days. 45.58% of the stock is owned by insiders.

Analyst Ratings Changes

Several brokerages have recently issued reports on WMT. HSBC raised their target price on Walmart from $70.00 to $81.00 and gave the company a “buy” rating in a research report on Tuesday, June 11th. Wells Fargo & Company raised their price target on shares of Walmart from $75.00 to $81.00 and gave the stock an “overweight” rating in a research note on Friday, August 16th. Bank of America increased their price objective on Walmart from $75.00 to $85.00 and gave the company a “buy” rating in a report on Friday, August 16th. StockNews.com upgraded Walmart from a “buy” rating to a “strong-buy” rating in a research note on Friday, August 16th. Finally, Citigroup increased their price target on Walmart from $63.33 to $75.00 and gave the stock a “buy” rating in a research note on Friday, May 17th. Two analysts have rated the stock with a hold rating, twenty-six have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $78.99.

Walmart Stock Up 0.1 %

WMT stock opened at $77.24 on Thursday. The company’s 50 day moving average is $71.09 and its 200 day moving average is $65.16. The stock has a market cap of $621.28 billion, a price-to-earnings ratio of 33.06, a price-to-earnings-growth ratio of 3.87 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 Inc. has a 1-year low of $49.85 and a 1-year high of $77.81.

Walmart (NYSE:WMT) last released its quarterly earnings results on Thursday, August 15th. The retailer reported $0.67 EPS for the quarter, topping analysts’ consensus estimates of $0.65 by $0.02. The business had revenue of $169.30 billion during 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 business’s quarterly revenue was up 4.7% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.61 EPS. Sell-side analysts predict that Walmart Inc. will post 2.44 EPS for the current fiscal year.

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.