Triton Wealth Management PLLC Decreases Stake in Walmart Inc. (NYSE:WMT)

Triton Wealth Management PLLC reduced its position in Walmart Inc. (NYSE:WMT) by 16.3% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 4,690 shares of the retailer’s stock after selling 910 shares during the period. Walmart accounts for approximately 0.4% of Triton Wealth Management PLLC’s portfolio, making the stock its 28th largest holding. Triton Wealth Management PLLC’s holdings in Walmart were worth $750,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of WMT. Sageworth Trust Co lifted its position in Walmart by 2,414.3% in the 1st quarter. Sageworth Trust Co now owns 176 shares of the retailer’s stock worth $26,000 after buying an additional 169 shares during the last quarter. PFG Private Wealth Management LLC bought a new position in shares of Walmart in the 2nd quarter worth approximately $28,000. Knott David M Jr bought a new position in shares of Walmart in the 1st quarter worth about $33,000. Marquette Asset Management LLC purchased a new position in shares of Walmart during the second quarter valued at approximately $34,000. Finally, Milestone Investment Advisors LLC bought a new position in Walmart in the 1st quarter worth about $38,000. 33.18% of the stock is currently owned by hedge funds and other institutional investors.

Walmart Stock Performance

WMT traded down $0.69 during midday trading on Friday, hitting $155.35. 14,177,801 shares of the company were exchanged, compared to its average volume of 6,899,861. The firm has a market capitalization of $418.13 billion, a price-to-earnings ratio of 25.76, a price-to-earnings-growth ratio of 3.23 and a beta of 0.53. Walmart Inc. has a 1-year low of $136.09 and a 1-year high of $169.94. The company’s 50 day simple moving average is $162.21 and its 200 day simple moving average is $157.82. The company has a current ratio of 0.85, a quick ratio of 0.26 and a debt-to-equity ratio of 0.49.

Walmart (NYSE:WMT) last issued its quarterly earnings data on Thursday, November 16th. The retailer reported $1.53 EPS for the quarter, hitting analysts’ consensus estimates of $1.53. Walmart had a net margin of 2.55% and a return on equity of 21.20%. The business had revenue of $160.80 billion for the quarter, compared to analysts’ expectations of $159.65 billion. During the same quarter last year, the company earned $1.50 EPS. The business’s revenue was up 5.2% on a year-over-year basis. As a group, sell-side analysts predict that Walmart Inc. will post 6.44 earnings per share for the current year.

Insiders Place Their Bets

In other news, CEO C Douglas Mcmillon sold 9,708 shares of the firm’s stock in a transaction dated Thursday, September 28th. The stock was sold at an average price of $162.40, for a total transaction of $1,576,579.20. Following the sale, the chief executive officer now directly owns 1,461,509 shares in the company, valued at approximately $237,349,061.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Walmart news, EVP John R. Furner sold 4,375 shares of the stock in a transaction on Wednesday, September 27th. The shares were sold at an average price of $162.00, for a total transaction of $708,750.00. Following the transaction, the executive vice president now directly owns 269,119 shares of the company’s stock, valued at $43,597,278. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO C Douglas Mcmillon sold 9,708 shares of Walmart stock in a transaction dated Thursday, September 28th. The shares were sold at an average price of $162.40, for a total transaction of $1,576,579.20. Following the completion of the sale, the chief executive officer now owns 1,461,509 shares in the company, valued at approximately $237,349,061.60. The disclosure for this sale can be found here. Over the last quarter, insiders sold 31,166 shares of company stock worth $5,066,701. Company insiders own 46.51% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on WMT. UBS Group raised their price target on Walmart from $173.00 to $190.00 and gave the stock a “buy” rating in a research note on Friday, August 18th. Truist Financial raised their price objective on Walmart from $168.00 to $170.00 and gave the stock a “hold” rating in a research note on Friday. Robert W. Baird raised their price objective on shares of Walmart from $165.00 to $180.00 and gave the company an “outperform” rating in a research report on Thursday, August 17th. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $185.00 target price on shares of Walmart in a report on Friday. Finally, BMO Capital Markets decreased their target price on Walmart from $180.00 to $175.00 and set an “outperform” rating on the stock in a research note on Friday. Four analysts have rated the stock with a hold rating and twenty-eight have given a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $179.00.

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.