Annandale Capital LLC Trims Holdings in Walmart Inc. (NYSE:WMT)

Annandale Capital LLC lowered its holdings in shares of Walmart Inc. (NYSE:WMT) by 0.8% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 86,260 shares of the retailer’s stock after selling 737 shares during the period. Walmart accounts for 1.0% of Annandale Capital LLC’s investment portfolio, making the stock its 22nd largest holding. Annandale Capital LLC’s holdings in Walmart were worth $5,841,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. EntryPoint Capital LLC purchased a new position in shares of Walmart during the first quarter worth about $25,000. Northwest Capital Management Inc increased its holdings in shares of Walmart by 199.3% in the first quarter. Northwest Capital Management Inc now owns 440 shares of the retailer’s stock valued at $26,000 after purchasing an additional 293 shares during the period. TruNorth Capital Management LLC increased its holdings in shares of Walmart by 138.3% in the second quarter. TruNorth Capital Management LLC now owns 429 shares of the retailer’s stock valued at $29,000 after purchasing an additional 249 shares during the period. Cultivar Capital Inc. purchased a new stake in shares of Walmart during the second quarter worth approximately $29,000. Finally, Able Wealth Management LLC acquired a new stake in shares of Walmart during the fourth quarter worth $30,000. 26.76% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Walmart

In other news, major shareholder Alice L. Walton sold 2,709,163 shares of the business’s stock in a transaction dated Tuesday, September 3rd. The stock was 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 owns 630,501,148 shares in the company, valued at approximately $48,781,873,820.76. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Walmart news, major shareholder Alice L. Walton sold 2,709,163 shares of Walmart stock in a transaction that occurred 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 transaction, the insider now directly owns 630,501,148 shares of the company’s stock, valued at $48,781,873,820.76. The sale was disclosed in a filing with the SEC, which is available at this link. Also, major shareholder S Robson Walton sold 359,616 shares of the stock in a transaction on Thursday, September 19th. The stock was sold at an average price of $78.25, for a total transaction of $28,139,952.00. Following the completion of the sale, the insider now directly owns 603,989,702 shares of the company’s stock, valued at approximately $47,262,194,181.50. The disclosure for this sale can be found here. Insiders have sold a total of 12,317,999 shares of company stock worth $956,341,379 in the last three months. 45.58% of the stock is currently owned by company insiders.

Walmart Price Performance

Walmart stock opened at $79.78 on Friday. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.22 and a current ratio of 0.80. The company has a market cap of $641.71 billion, a price-to-earnings ratio of 34.09, a PEG ratio of 4.04 and a beta of 0.51. Walmart Inc. has a 1 year low of $49.85 and a 1 year high of $81.60. The firm has a 50 day moving average price of $74.44 and a 200 day moving average price of $67.52.

Walmart (NYSE:WMT) last released its quarterly earnings data on Thursday, August 15th. The retailer reported $0.67 EPS for the quarter, topping analysts’ consensus estimates of $0.65 by $0.02. Walmart had a return on equity of 21.72% and a net margin of 2.34%. The business had revenue of $169.30 billion during the quarter, compared to the consensus estimate of $168.56 billion. During the same period in the prior year, the firm posted $0.61 EPS. The business’s revenue for the quarter was up 4.7% on a year-over-year basis. Sell-side analysts predict that Walmart Inc. will post 2.44 earnings per share for the current year.

Analysts Set New Price Targets

Several brokerages have issued reports on WMT. Truist Financial raised shares of Walmart from a “hold” rating to a “buy” rating and boosted their price objective for the company from $76.00 to $89.00 in a research note on Tuesday, September 24th. Melius Research started coverage on shares of Walmart in a report on Monday, September 23rd. They set a “buy” rating and a $95.00 price target for the company. UBS Group raised their price objective on shares of Walmart from $74.00 to $81.00 and gave the company a “buy” rating in a research report on Friday, August 16th. Deutsche Bank Aktiengesellschaft boosted their target price on Walmart from $77.00 to $83.00 and gave the stock a “buy” rating in a research report on Friday, August 16th. Finally, Piper Sandler reissued an “overweight” rating and set a $83.00 target price (up from $81.00) on shares of Walmart in a research note on Friday, August 16th. One analyst has rated the stock with a hold rating, twenty-eight have given a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target of $80.96.

Walmart Company Profile

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.