Atticus Wealth Management LLC downgraded Walmart Inc. (NYSE: WMT – Get a rating) by 24.2% in the first quarter, according to the company in its latest statement 13F to the Securities and Exchange Commission. The fund owned 1,559 retail shares after selling 498 shares during the quarter. At the end of the last reporting period, the value of shares of Atticus Wealth Management LLC in Walmart was $ 232,000.
Several other institutional investors and hedge funds have also changed their WMT stocks. RB Capital Management raised its position in Walmart shares by 0.8% in the 1st quarter. RB Capital Management LLC now owns 8,655 retail shares worth $ 1,289,000 after acquiring an additional 69 shares during that period. Stokes Capital Advisors LLC raised its stake in Walmart by 2.0% in the fourth quarter. Stokes Capital Advisors LLC now owns 3,714 retail shares worth $ 537,000 after purchasing an additional 73 shares during that period. Somerset Trust Co increased its position in Walmart by 0.3% in the first quarter. Somerset Trust Co now owns 27,231 shares of retail stock worth $ 4,055,000 after acquiring an additional 73 shares over the last quarter. McLean Asset Management Corp. increased its stakes in Walmart by 3.0% during the 1st quarter. McLean Asset Management Corp. now owns 2,523 retail shares worth $ 376,000 after acquiring an additional 73 shares during that period. Finally, Demars Financial Group LLC raised its position in Walmart shares by 3.2% in the 4th quarter. Demars Financial Group LLC now owns 2,440 retail shares worth $ 353,000 after acquiring an additional 75 shares in the last quarter. 30.79% of the shares belong to institutional investors.
A number of brokerage firms weighed in on WMT. UBS Group lowered its target price for Walmart from $ 180.00 to $ 165.00 and set the company a “buy” rating in a report on Wednesday, May 18th. StockNews.com on Monday, May 23, downgraded Walmart’s stock rating from a “strong buy” rating to a “buy” rating. Wells Fargo & Company lowered its target price for Walmart shares from $ 165.00 to $ 150.00 and set a rating of “na” in the report on Tuesday, May 17th. Evercore ISI lowered its target price for Walmart shares from $ 140.00 to $ 135.00 and set a stock rating for Wednesday, May 18th. Finally, Stifel Nicolaus lowered the price target for Walmart from $ 155.00 to $ 150.00 and set the company a “hold” rating in a research note on Wednesday, May 18th. One stock research analyst rated stocks with a sales rating, seven gave a hold rating and sixteen gave a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buying” and a target price of $ 157.56.
In other news, the CEO C Douglas McMillon sold 9,708 shares of the company in a deal on Thursday, April 28th. The shares were sold at an average price of $ 154.41, for a total trade of $ 1,499,012.28. Following the transaction, the CEO now owns 1,536,571 shares of the company worth approximately $ 237,261,928.11. The sale was disclosed in a legal statement to the Securities and Exchange Commission, which can be accessed this link. Over the past 90 days, insiders have sold 29,124 shares of the company for $ 3,904,072. Corporate insiders own 48.44% of the company.
WMT opened Monday for $ 123.72. Walmart Inc. has a minimum for fifty-two weeks at $ 117.27 and a maximum for fifty-two weeks at $ 160.77. The firm has a 50-day moving average of $ 135.80 and a 200-day moving average of $ 140.29. The company has a debt to equity ratio of 0.43, a fast ratio of 0.23 and a current ratio of 0.86. The firm’s market capitalization is $ 339.14 billion, a P / E ratio of 26.61, a PEG ratio of 3.51 and a beta ratio of 0.50.
Walmart (COM)NYSE: WMT – Get a rating) last published its quarterly earnings results on Tuesday, May 17th. The retailer reported earnings per share of $ 1.30 (EPS) for the quarter, missing a consensus estimate of $ 1.48 ($ 0.18). Walmart had a return on equity of 19.05% and a net margin of 2.26%. The company’s revenue for the quarter was $ 141.60 billion, compared to analysts’ expectations of $ 138.05 billion. In the same quarter last year, the company earned $ 1.69 per share. The company’s revenue for the quarter increased by 2.4% over the same period last year. Stock research analysts predict that Walmart Inc. will post 6.4 earnings per share in the current fiscal year.
Walmart company profile (Get a rating)
Walmart Inc operates retail, wholesale and other divisions around the world. The company operates in three segments: Walmart US, Walmart International and Sam’s Club. He runs supermarkets, supermarkets, hypermarkets, warehouse clubs, cash and care stores and discount stores; warehouse clubs for membership only; e-commerce websites such as walmart.com, walmart.com.mx, walmart.ca, flipkart.com and samsclub.com; and mobile commerce applications.
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https://www.defenseworld.net/2022/06/27/atticus-wealth-management-llc-has-232000-stock-holdings-in-walmart-inc-nysewmt.html Atticus Wealth Management LLC has a $ 232,000 stake in Walmart Inc. (NYSE: WMT)