Shellback Capital LP Lowers Position in Walmart Inc. (NYSE:WMT)

Shellback Capital LP lessened its stake in shares of Walmart Inc. (NYSE:WMT) by 18.1% in the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 310,000 shares of the retailer’s stock after selling 68,300 shares during the period. Walmart accounts for about 1.5% of Shellback Capital LP’s investment portfolio, making the stock its 23rd biggest holding. Shellback Capital LP’s holdings in Walmart were worth $20,990,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of WMT. Landmark Financial Advisors LLC boosted its position in shares of Walmart by 1.0% in the fourth quarter. Landmark Financial Advisors LLC now owns 7,055 shares of the retailer’s stock worth $1,112,000 after purchasing an additional 70 shares during the period. Syverson Strege & Co lifted its stake in shares of Walmart by 2.6% during the 4th quarter. Syverson Strege & Co now owns 3,377 shares of the retailer’s stock valued at $532,000 after buying an additional 85 shares in the last quarter. Amussen Hunsaker Associates LLC lifted its stake in shares of Walmart by 0.5% during the 4th quarter. Amussen Hunsaker Associates LLC now owns 15,979 shares of the retailer’s stock valued at $2,519,000 after buying an additional 86 shares in the last quarter. Per Stirling Capital Management LLC. boosted its holdings in Walmart by 2.6% in the 4th quarter. Per Stirling Capital Management LLC. now owns 4,009 shares of the retailer’s stock worth $632,000 after buying an additional 100 shares during the period. Finally, Pin Oak Investment Advisors Inc. increased its stake in Walmart by 1.6% in the 4th quarter. Pin Oak Investment Advisors Inc. now owns 6,166 shares of the retailer’s stock worth $975,000 after buying an additional 100 shares in the last quarter. Hedge funds and other institutional investors own 26.76% of the company’s stock.

Walmart Stock Down 1.8 %

Shares of NYSE WMT opened at $79.91 on Friday. Walmart Inc. has a 1 year low of $49.85 and a 1 year high of $81.60. The firm has a 50-day simple moving average of $74.26 and a two-hundred day simple moving average of $67.35. The company has a market cap of $642.34 billion, a P/E ratio of 34.20, a PEG ratio of 4.04 and a beta of 0.51. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.80 and a quick ratio of 0.22.

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

Analyst Upgrades and Downgrades

Several research firms recently issued reports on WMT. Evercore ISI increased their target price on Walmart from $78.00 to $80.00 and gave the stock an “outperform” rating in a research report on Thursday, August 22nd. TD Cowen increased their price objective on shares of Walmart from $80.00 to $85.00 and gave the company a “buy” rating in a report on Friday, August 16th. Redburn Atlantic upgraded shares of Walmart to a “strong-buy” rating in a research report on Monday. Piper Sandler restated an “overweight” rating and set a $83.00 target price (up previously from $81.00) on shares of Walmart in a research report on Friday, August 16th. Finally, Stifel Nicolaus lifted their price target on shares of Walmart from $71.00 to $73.00 and gave the company a “hold” rating in a report on Tuesday, August 13th. One research analyst has rated the stock with a hold rating, twenty-eight have issued a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus price target of $80.19.

Insider Transactions at Walmart

In other news, major shareholder S Robson Walton sold 359,616 shares of the company’s stock in a transaction dated Thursday, September 19th. The shares were sold at an average price of $78.25, for a total value of $28,139,952.00. Following the transaction, the insider now directly owns 603,989,702 shares in the company, valued at $47,262,194,181.50. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other Walmart news, major shareholder S Robson Walton sold 359,616 shares of the business’s stock in a transaction dated Thursday, September 19th. The shares were sold at an average price of $78.25, for a total value 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 transaction was disclosed in a filing with the SEC, which is available through this link. Also, EVP Daniel J. Bartlett sold 2,063 shares of the company’s stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $80.76, for a total transaction of $166,607.88. Following the completion of the transaction, the executive vice president now owns 459,558 shares in the company, valued at $37,113,904.08. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 12,317,999 shares of company stock worth $956,341,379. 45.58% of the stock is currently owned by insiders.

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.