MetLife Investment Management LLC Sells 11,247 Shares of Walmart Inc. (NYSE:WMT)

MetLife Investment Management LLC lowered its stake in shares of Walmart Inc. (NYSE:WMT - Free Report) by 1.0% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,129,398 shares of the retailer's stock after selling 11,247 shares during the period. Walmart makes up 0.5% of MetLife Investment Management LLC's portfolio, making the stock its 24th biggest position. MetLife Investment Management LLC's holdings in Walmart were worth $91,199,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently bought and sold shares of the company. CreativeOne Wealth LLC boosted its position in Walmart by 27.7% during the third quarter. CreativeOne Wealth LLC now owns 71,558 shares of the retailer's stock valued at $5,778,000 after purchasing an additional 15,538 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund boosted its position in shares of Walmart by 21.7% during the 3rd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 561,000 shares of the retailer's stock worth $45,301,000 after acquiring an additional 100,000 shares in the last quarter. Hardy Reed LLC raised its holdings in shares of Walmart by 23.8% during the 3rd quarter. Hardy Reed LLC now owns 12,657 shares of the retailer's stock worth $1,022,000 after buying an additional 2,436 shares in the last quarter. Cadence Bank lifted its stake in Walmart by 0.3% in the 3rd quarter. Cadence Bank now owns 181,868 shares of the retailer's stock valued at $14,686,000 after purchasing an additional 467 shares during the last quarter. Finally, Carlson Capital Management increased its holdings in Walmart by 1.8% in the 3rd quarter. Carlson Capital Management now owns 7,499 shares of the retailer's stock worth $606,000 after purchasing an additional 134 shares in the last quarter. Institutional investors own 26.76% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on WMT. Sanford C. Bernstein raised their target price on Walmart from $98.00 to $102.00 and gave the stock an "outperform" rating in a research report on Wednesday, November 20th. Robert W. Baird increased their price target on Walmart from $90.00 to $100.00 and gave the stock an "outperform" rating in a report on Wednesday, November 20th. TD Cowen raised their price objective on Walmart from $90.00 to $100.00 and gave the company a "buy" rating in a research note on Wednesday, November 20th. Wells Fargo & Company lifted their price target on Walmart from $90.00 to $96.00 and gave the company an "overweight" rating in a research note on Wednesday, November 20th. Finally, Piper Sandler increased their target price on shares of Walmart from $83.00 to $93.00 and gave the company an "overweight" rating in a report on Monday, November 18th. Two research analysts have rated the stock with a hold rating, twenty-nine have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $91.88.

Insider Activity

In other news, EVP John D. Rainey sold 3,000 shares of the firm's stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $82.12, for a total transaction of $246,360.00. Following the completion of the transaction, the executive vice president now owns 378,165 shares in the company, valued at approximately $31,054,909.80. This trade represents a 0.79 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, major shareholder Alice L. Walton sold 2,375,563 shares of the business's stock in a transaction on Thursday, September 5th. The stock was sold at an average price of $76.96, for a total value of $182,823,328.48. Following the sale, the insider now directly owns 619,646,544 shares in the company, valued at $47,687,998,026.24. This trade represents a 0.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 12,337,337 shares of company stock valued at $958,823,647. Company insiders own 45.58% of the company's stock.

Walmart Price Performance

Walmart stock traded up $0.56 during trading hours on Wednesday, hitting $91.87. The stock had a trading volume of 14,338,720 shares, compared to its average volume of 16,906,879. Walmart Inc. has a 1-year low of $49.85 and a 1-year high of $92.25. The company has a debt-to-equity ratio of 0.56, a current ratio of 0.85 and a quick ratio of 0.23. The stock's fifty day moving average is $82.81 and its two-hundred day moving average is $74.48. The stock has a market capitalization of $738.47 billion, a price-to-earnings ratio of 37.70, a PEG ratio of 4.25 and a beta of 0.51.

Walmart (NYSE:WMT - Get Free Report) last released its quarterly earnings results on Tuesday, November 19th. The retailer reported $0.58 earnings per share for the quarter, topping analysts' consensus estimates of $0.53 by $0.05. The company had revenue of $169.59 billion during the quarter, compared to analysts' expectations of $167.69 billion. Walmart had a return on equity of 21.78% and a net margin of 2.92%. The business's revenue for the quarter was up 5.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.51 earnings per share. As a group, analysts predict that Walmart Inc. will post 2.47 earnings per share for the current fiscal year.

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.