Walmart Inc. (NYSE:WMT) is Constitution Capital LLC’s 7th Largest Position

Constitution Capital LLC lifted its position in shares of Walmart Inc. (NYSE:WMT) by 27.6% in the 2nd quarter, Holdings Channel.com reports. The firm owned 36,854 shares of the retailer’s stock after purchasing an additional 7,982 shares during the period. Walmart comprises about 3.3% of Constitution Capital LLC’s holdings, making the stock its 7th largest position. Constitution Capital LLC’s holdings in Walmart were worth $5,793,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of WMT. Sageworth Trust Co raised its stake in Walmart by 2,414.3% during the 1st quarter. Sageworth Trust Co now owns 176 shares of the retailer’s stock worth $26,000 after acquiring an additional 169 shares in the last quarter. Dark Forest Capital Management LP acquired a new stake in Walmart during the 4th quarter worth $27,000. NewSquare Capital LLC raised its stake in Walmart by 58.3% during the 1st quarter. NewSquare Capital LLC now owns 190 shares of the retailer’s stock worth $28,000 after acquiring an additional 70 shares in the last quarter. First Command Advisory Services Inc. raised its stake in Walmart by 387.8% during the 1st quarter. First Command Advisory Services Inc. now owns 200 shares of the retailer’s stock worth $29,000 after acquiring an additional 159 shares in the last quarter. Finally, FSC Wealth Advisors LLC acquired a new stake in Walmart during the 1st quarter worth $29,000. 33.18% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages recently commented on WMT. Roth Mkm lifted their price target on shares of Walmart from $169.00 to $179.00 and gave the stock a “buy” rating in a research note on Friday, August 18th. Raymond James lifted their price objective on shares of Walmart from $160.00 to $170.00 and gave the company an “outperform” rating in a research note on Friday, August 18th. Truist Financial lifted their price objective on shares of Walmart from $166.00 to $168.00 and gave the company a “hold” rating in a research note on Friday, August 18th. UBS Group lifted their price objective on shares of Walmart from $173.00 to $190.00 and gave the company a “buy” rating in a research note on Friday, August 18th. Finally, Telsey Advisory Group lifted their price objective on shares of Walmart from $168.00 to $185.00 and gave the company an “outperform” rating in a research note on Friday, August 18th. Four investment 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 an average rating of “Moderate Buy” and an average target price of $176.51.

Insider Transactions at Walmart

In other news, major shareholder Jim C. Walton sold 2,149,275 shares of the stock in a transaction on Thursday, June 29th. The shares were sold at an average price of $153.97, for a total value of $330,923,871.75. Following the completion of the sale, the insider now owns 235,440,961 shares of the company’s stock, valued at $36,250,844,765.17. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other news, major shareholder Alice L. Walton sold 473,370 shares of the company’s stock in a transaction on Thursday, June 22nd. The shares were sold at an average price of $155.75, for a total value of $73,727,377.50. Following the completion of the transaction, the insider now directly owns 241,479,146 shares in the company, valued at $37,610,376,989.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder Jim C. Walton sold 2,149,275 shares of the stock in a transaction on Thursday, June 29th. The shares were sold at an average price of $153.97, for a total transaction of $330,923,871.75. Following the transaction, the insider now owns 235,440,961 shares in the company, valued at $36,250,844,765.17. The disclosure for this sale can be found here. Insiders sold 6,493,773 shares of company stock valued at $1,005,802,298 over the last 90 days. Corporate insiders own 46.51% of the company’s stock.

Walmart Trading Down 0.4 %

WMT stock traded down $0.68 on Tuesday, hitting $162.74. 1,295,975 shares of the company were exchanged, compared to its average volume of 5,935,683. Walmart Inc. has a twelve month low of $128.07 and a twelve month high of $165.85. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.83 and a quick ratio of 0.26. The business’s fifty day moving average is $159.34 and its two-hundred day moving average is $152.70. The stock has a market capitalization of $438.02 billion, a price-to-earnings ratio of 31.43, a price-to-earnings-growth ratio of 3.89 and a beta of 0.49.

Walmart (NYSE:WMT) last released its quarterly earnings data on Thursday, August 17th. The retailer reported $1.84 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.69 by $0.15. Walmart had a net margin of 2.23% and a return on equity of 21.47%. The company had revenue of $161.63 billion during the quarter, compared to analyst estimates of $160.22 billion. During the same quarter in the prior year, the business earned $1.77 earnings per share. The business’s quarterly revenue was up 5.7% compared to the same quarter last year. As a group, research analysts forecast that Walmart Inc. will post 6.44 earnings per share for the current year.

Walmart Profile

Walmart Inc engages in the operation of retail, wholesale, and other units 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, walmart.com.mx, walmart.ca, flipkart.com, and samsclub.com; and mobile commerce applications.