Mizuho Securities USA LLC Reduces Holdings in Walmart Inc. (NYSE:WMT)

Mizuho Securities USA LLC cut its stake in shares of Walmart Inc. (NYSE:WMT - Free Report) by 14.5% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 281,654 shares of the retailer's stock after selling 47,711 shares during the quarter. Walmart accounts for about 0.5% of Mizuho Securities USA LLC's investment portfolio, making the stock its 25th largest holding. Mizuho Securities USA LLC's holdings in Walmart were worth $22,744,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently bought and sold shares of the company. Peterson Financial Group Inc. purchased a new stake in Walmart during the 3rd quarter valued at about $26,000. Voisard Asset Management Group Inc. lifted its holdings in Walmart by 77.3% in the 3rd quarter. Voisard Asset Management Group Inc. now owns 399 shares of the retailer's stock worth $32,000 after buying an additional 174 shares during the period. Hoese & Co LLP purchased a new stake in Walmart in the 3rd quarter worth approximately $33,000. EntryPoint Capital LLC purchased a new stake in Walmart in the 1st quarter worth approximately $25,000. Finally, TruNorth Capital Management LLC lifted its holdings in Walmart by 138.3% in the 2nd quarter. TruNorth Capital Management LLC now owns 429 shares of the retailer's stock worth $29,000 after buying an additional 249 shares during the period. 26.76% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on WMT shares. The Goldman Sachs Group increased their price objective on Walmart from $73.00 to $81.00 and gave the stock a "buy" rating in a report on Friday, August 16th. Stifel Nicolaus increased their price objective on Walmart from $85.00 to $89.00 and gave the stock a "hold" rating in a report on Wednesday. Piper Sandler raised their target price on Walmart from $83.00 to $93.00 and gave the company an "overweight" rating in a research note on Monday. Evercore ISI raised their target price on Walmart from $66.00 to $89.00 and gave the company an "overweight" rating in a research note on Monday. Finally, Roth Mkm raised their target price on Walmart from $81.00 to $97.00 and gave the company a "buy" rating in a research note on Wednesday. Two investment analysts have rated the stock with a hold rating, twenty-nine have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $91.49.

Walmart Stock Performance

Shares of WMT opened at $87.18 on Thursday. The company has a debt-to-equity ratio of 0.56, a current ratio of 0.85 and a quick ratio of 0.22. Walmart Inc. has a one year low of $49.85 and a one year high of $88.29. The firm has a market capitalization of $700.77 billion, a P/E ratio of 35.78, a PEG ratio of 4.33 and a beta of 0.51. The business has a fifty day moving average of $81.75 and a 200 day moving average of $73.43.

Walmart (NYSE:WMT - Get Free Report) last issued its quarterly earnings data on Tuesday, November 19th. The retailer reported $0.58 EPS for the quarter, topping the consensus estimate of $0.53 by $0.05. Walmart had a return on equity of 21.78% and a net margin of 2.92%. The company had revenue of $169.59 billion during the quarter, compared to analyst estimates of $167.69 billion. During the same quarter in the previous year, the company posted $0.51 earnings per share. Walmart's revenue was up 5.5% compared to the same quarter last year. As a group, sell-side analysts anticipate that Walmart Inc. will post 2.43 EPS for the current year.

Insider Activity at Walmart

In related news, CEO C Douglas Mcmillon sold 29,124 shares of Walmart stock in a transaction on Thursday, September 26th. The stock was sold at an average price of $80.64, for a total transaction of $2,348,559.36. Following the transaction, the chief executive officer now directly owns 3,873,053 shares in the company, valued at approximately $312,322,993.92. The trade was a 0.75 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP John R. Furner sold 13,125 shares of Walmart stock in a transaction on Thursday, October 24th. The shares were sold at an average price of $82.96, for a total value of $1,088,850.00. Following the transaction, the executive vice president now owns 593,040 shares in the company, valued at $49,198,598.40. This trade represents a 2.17 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 12,337,337 shares of company stock worth $958,823,647. Corporate insiders own 45.58% of the company's stock.

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.

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