Walmart Inc. (NYSE:WMT) Shares Sold by Hancock Whitney Corp

Hancock Whitney Corp lessened its holdings in Walmart Inc. (NYSE:WMT) by 0.4% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 156,500 shares of the retailer’s stock after selling 707 shares during the period. Hancock Whitney Corp’s holdings in Walmart were worth $10,597,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Legacy Financial Advisors Inc. lifted its position in shares of Walmart by 3.4% in the second quarter. Legacy Financial Advisors Inc. now owns 24,615 shares of the retailer’s stock valued at $1,667,000 after acquiring an additional 812 shares in the last quarter. Forest Avenue Capital Management LP lifted its holdings in Walmart by 74.6% in the 2nd quarter. Forest Avenue Capital Management LP now owns 663,427 shares of the retailer’s stock valued at $44,921,000 after purchasing an additional 283,527 shares in the last quarter. Arista Wealth Management LLC acquired a new stake in shares of Walmart during the 2nd quarter worth about $481,000. TPG Advisors LLC purchased a new stake in shares of Walmart during the second quarter worth about $442,000. Finally, Summit Trail Advisors LLC raised its position in shares of Walmart by 27.3% in the second quarter. Summit Trail Advisors LLC now owns 35,845 shares of the retailer’s stock valued at $2,427,000 after buying an additional 7,698 shares during the last quarter. 26.76% of the stock is currently owned by institutional investors and hedge funds.

Walmart Price Performance

Shares of WMT stock opened at $79.06 on Friday. The firm has a fifty day simple moving average of $73.44 and a 200-day simple moving average of $66.78. The company has a market capitalization of $635.92 billion, a PE ratio of 33.79, a price-to-earnings-growth ratio of 4.03 and a beta of 0.51. Walmart Inc. has a twelve month low of $49.85 and a twelve month high of $81.02. The company has a current ratio of 0.80, a quick ratio of 0.22 and a debt-to-equity ratio of 0.46.

Walmart (NYSE:WMT) last announced its earnings results on Thursday, August 15th. The retailer reported $0.67 earnings per share for the quarter, beating 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 company had revenue of $169.30 billion during the quarter, compared to the consensus estimate of $168.56 billion. During the same period last year, the firm earned $0.61 earnings per share. The company’s revenue was up 4.7% on a year-over-year basis. Equities research analysts anticipate that Walmart Inc. will post 2.44 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, major shareholder S Robson Walton sold 4,057,369 shares of the firm’s stock in a transaction that occurred on Monday, September 9th. The shares were sold at an average price of $77.20, for a total transaction of $313,228,886.80. Following the completion of the sale, the insider now owns 611,988,318 shares of the company’s stock, valued at $47,245,498,149.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, SVP David Chojnowski sold 8,791 shares of the company’s stock in a transaction dated Wednesday, June 26th. The shares were sold at an average price of $68.00, for a total value of $597,788.00. Following the sale, the senior vice president now owns 94,415 shares in the company, valued at approximately $6,420,220. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, major shareholder S Robson Walton sold 4,057,369 shares of the stock in a transaction dated Monday, September 9th. The stock was sold at an average price of $77.20, for a total transaction of $313,228,886.80. Following the transaction, the insider now directly owns 611,988,318 shares in the company, valued at approximately $47,245,498,149.60. The disclosure for this sale can be found here. Insiders have sold 12,369,039 shares of company stock worth $959,826,083 in the last three months. 45.58% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

WMT has been the topic of a number of analyst reports. The Goldman Sachs Group raised their target price on shares of Walmart from $73.00 to $81.00 and gave the stock a “buy” rating in a research report on Friday, August 16th. Roth Mkm lifted their price objective on Walmart from $71.00 to $81.00 and gave the company a “buy” rating in a research report on Friday, August 16th. Morgan Stanley increased their target price on Walmart from $75.00 to $82.00 and gave the stock an “overweight” rating in a research report on Friday, August 16th. Evercore ISI lifted their price target on Walmart from $78.00 to $80.00 and gave the company an “outperform” rating in a report on Thursday, August 22nd. Finally, Oppenheimer upped their price objective on shares of Walmart from $69.00 to $75.00 and gave the company an “outperform” rating in a research note on Thursday, June 6th. Two equities research analysts have rated the stock with a hold rating, twenty-six have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Walmart presently has an average rating of “Moderate Buy” and an average price target of $78.99.

Walmart 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.