Berkshire Asset Management LLC PA Cuts Holdings in Walmart Inc. (NYSE:WMT)

Berkshire Asset Management LLC PA lowered its stake in shares of Walmart Inc. (NYSE:WMT) by 0.1% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 197,160 shares of the retailer’s stock after selling 295 shares during the quarter. Walmart accounts for 1.8% of Berkshire Asset Management LLC PA’s investment portfolio, making the stock its 22nd biggest position. Berkshire Asset Management LLC PA’s holdings in Walmart were worth $29,071,000 as of its most recent filing with the SEC.

A number of other institutional investors have also added to or reduced their stakes in the company. Moneta Group Investment Advisors LLC boosted its stake in Walmart by 112,181.6% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 22,854,919 shares of the retailer’s stock worth $3,240,599,000 after buying an additional 22,834,564 shares in the last quarter. Norges Bank bought a new position in shares of Walmart during the 4th quarter valued at $2,598,736,000. Providence Capital Advisors LLC raised its position in Walmart by 1,164,937.0% in the 1st quarter. Providence Capital Advisors LLC now owns 4,718,400 shares of the retailer’s stock worth $32,000,000 after purchasing an additional 4,717,995 shares during the period. Boston Partners boosted its position in Walmart by 7,546.2% during the first quarter. Boston Partners now owns 3,166,995 shares of the retailer’s stock valued at $467,747,000 after buying an additional 3,125,576 shares during the period. Finally, Envestnet Asset Management Inc. grew its position in Walmart by 179.2% during the 1st quarter. Envestnet Asset Management Inc. now owns 4,578,677 shares of the retailer’s stock worth $254,078,000 after acquiring an additional 2,938,948 shares during the last quarter. Institutional investors own 33.18% of the company’s stock.

Walmart Trading Up 0.0 %

Walmart stock opened at $164.56 on Thursday. The business has a 50-day simple moving average of $158.83 and a two-hundred day simple moving average of $152.20. Walmart Inc. has a 52-week low of $128.07 and a 52-week high of $165.85. The company has a quick ratio of 0.26, a current ratio of 0.83 and a debt-to-equity ratio of 0.50. The company has a market cap of $442.92 billion, a P/E ratio of 31.65, a P/E/G ratio of 3.86 and a beta of 0.49.

Walmart (NYSE:WMT) last released its quarterly earnings results on Thursday, August 17th. The retailer reported $1.84 earnings per share for the quarter, topping the consensus estimate of $1.69 by $0.15. The business had revenue of $161.63 billion for the quarter, compared to the consensus estimate of $160.22 billion. Walmart had a net margin of 2.23% and a return on equity of 21.47%. The company’s quarterly revenue was up 5.7% on a year-over-year basis. During the same period last year, the firm earned $1.77 earnings per share. Analysts predict that Walmart Inc. will post 6.45 EPS for the current year.

Insider Activity

In related news, major shareholder Alice L. Walton sold 473,370 shares of the stock in a transaction that occurred 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 sale, the insider now directly owns 241,479,146 shares of the company’s stock, valued at approximately $37,610,376,989.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In related 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 owns 241,479,146 shares of the company’s stock, valued at approximately $37,610,376,989.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, major shareholder Jim C. Walton sold 2,149,275 shares of the firm’s stock in a transaction dated 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 sale, the insider now directly 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 have sold a total of 7,862,773 shares of company stock valued at $1,219,366,298 in the last ninety days. Corporate insiders own 46.51% of the company’s stock.

Wall Street Analysts Forecast Growth

WMT has been the subject of a number of analyst reports. Wells Fargo & Company increased their price objective on Walmart from $175.00 to $180.00 and gave the company an “overweight” rating in a research note on Friday, August 18th. KeyCorp boosted their price objective on shares of Walmart from $175.00 to $177.00 and gave the company an “overweight” rating in a research report on Friday, August 18th. Oppenheimer upped their price objective on shares of Walmart from $165.00 to $175.00 and gave the company an “outperform” rating in a research note on Tuesday, August 8th. Citigroup raised their target price on Walmart from $174.00 to $180.00 and gave the stock a “buy” rating in a research note on Monday, August 21st. Finally, Truist Financial upped their price target on Walmart from $166.00 to $168.00 and gave the company a “hold” rating in a research report on Friday, August 18th. Four equities 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 stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $176.51.

About Walmart

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.