Atlantic Union Bankshares Corp Lowers Stock Holdings in Walmart Inc. (NYSE:WMT)

Atlantic Union Bankshares Corp lowered its stake in Walmart Inc. (NYSE:WMT) by 22.9% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 15,499 shares of the retailer’s stock after selling 4,611 shares during the period. Atlantic Union Bankshares Corp’s holdings in Walmart were worth $2,436,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Geode Capital Management LLC raised its position in Walmart by 1.0% during the 1st quarter. Geode Capital Management LLC now owns 25,104,994 shares of the retailer’s stock worth $3,691,763,000 after buying an additional 249,501 shares during the last quarter. Moneta Group Investment Advisors LLC grew its holdings in Walmart by 112,181.6% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 22,854,919 shares of the retailer’s stock worth $3,240,599,000 after acquiring an additional 22,834,564 shares during the period. Morgan Stanley boosted its position in shares of Walmart by 9.4% during the 4th quarter. Morgan Stanley now owns 22,382,688 shares of the retailer’s stock worth $3,173,642,000 after purchasing an additional 1,923,199 shares in the last quarter. Norges Bank acquired a new position in shares of Walmart during the 4th quarter worth $2,598,736,000. Finally, Bank of New York Mellon Corp increased its holdings in shares of Walmart by 0.3% in the 3rd quarter. Bank of New York Mellon Corp now owns 11,685,848 shares of the retailer’s stock valued at $1,515,655,000 after purchasing an additional 33,452 shares in the last quarter. Hedge funds and other institutional investors own 33.18% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on WMT shares. BNP Paribas began coverage on shares of Walmart in a research report on Monday, June 12th. They set an “outperform” rating and a $186.00 target price on the stock. Guggenheim raised their price objective on Walmart from $170.00 to $180.00 and gave the company a “buy” rating in a research note on Monday, August 14th. Truist Financial boosted their target price on Walmart from $166.00 to $168.00 and gave the stock a “hold” rating in a research report on Friday, August 18th. Roth Mkm raised their price target on Walmart from $169.00 to $179.00 and gave the company a “buy” rating in a research report on Friday, August 18th. Finally, Bank of America boosted their price objective on shares of Walmart from $175.00 to $190.00 in a research report on Wednesday, August 9th. Four analysts have rated the stock with a hold rating, twenty-nine have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $176.51.

Insider Transactions at Walmart

In other Walmart news, major shareholder Alice L. Walton sold 473,370 shares of the company’s stock in a transaction that occurred on Thursday, June 22nd. The stock was sold at an average price of $155.75, for a total value of $73,727,377.50. Following the completion of the transaction, the insider now owns 241,479,146 shares in the company, valued at approximately $37,610,376,989.50. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other news, EVP John D. Rainey sold 1,000 shares of the stock in a transaction that occurred on Tuesday, August 1st. The stock was sold at an average price of $159.48, for a total transaction of $159,480.00. Following the completion of the transaction, the executive vice president now directly owns 170,735 shares in the company, valued at approximately $27,228,817.80. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, major shareholder Alice L. Walton sold 473,370 shares of Walmart stock in a transaction on Thursday, June 22nd. The stock was sold at an average price of $155.75, for a total transaction of $73,727,377.50. Following the completion of the sale, the insider now owns 241,479,146 shares of the company’s stock, valued at approximately $37,610,376,989.50. The disclosure for this sale can be found here. Insiders sold 6,493,773 shares of company stock valued at $1,005,802,298 over the last quarter. Company insiders own 46.51% of the company’s stock.

Walmart Trading Down 0.2 %

NYSE WMT opened at $164.35 on Monday. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.26 and a current ratio of 0.83. Walmart Inc. has a one year low of $128.07 and a one year high of $165.85. The company’s 50 day moving average price is $159.34 and its 200 day moving average price is $152.70. The firm has a market capitalization of $442.36 billion, a price-to-earnings ratio of 31.66, a PEG ratio of 3.90 and a beta of 0.49.

Walmart (NYSE:WMT) last posted its earnings results on Thursday, August 17th. The retailer reported $1.84 earnings per share for the quarter, beating the consensus estimate of $1.69 by $0.15. Walmart had a net margin of 2.23% and a return on equity of 21.47%. The business had revenue of $161.63 billion for the quarter, compared to analyst estimates of $160.22 billion. During the same quarter in the previous year, the business posted $1.77 EPS. The business’s quarterly revenue was up 5.7% on a year-over-year basis. On average, sell-side analysts predict that Walmart Inc. will post 6.44 EPS for the current year.

Walmart Company Profile

Walmart Inc engages in the operation of retail, wholesale, and other units 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, walmart.com.mx, walmart.ca, flipkart.com, and samsclub.com; and mobile commerce applications.