Mastrapasqua Asset Management Inc. Sells 5,580 Shares of Walmart Inc. (NYSE:WMT)

Mastrapasqua Asset Management Inc. lowered its position in shares of Walmart Inc. (NYSE:WMTGet Rating) by 7.2% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 71,830 shares of the retailer’s stock after selling 5,580 shares during the quarter. Walmart makes up about 1.2% of Mastrapasqua Asset Management Inc.’s investment portfolio, making the stock its 27th largest position. Mastrapasqua Asset Management Inc.’s holdings in Walmart were worth $10,697,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in WMT. Conrad Siegel Investment Advisors Inc. bought a new stake in shares of Walmart during the first quarter worth $27,000. Industrial Alliance Investment Management Inc. bought a new stake in shares of Walmart during the fourth quarter worth $28,000. Gibson Wealth Advisors LLC bought a new stake in shares of Walmart during the fourth quarter worth $29,000. Joseph P. Lucia & Associates LLC bought a new stake in shares of Walmart during the first quarter worth $29,000. Finally, Level Financial Advisors Inc. bought a new stake in shares of Walmart during the fourth quarter worth $35,000. Institutional investors own 30.79% of the company’s stock.

WMT opened at $122.63 on Friday. Walmart Inc. has a 52-week low of $117.27 and a 52-week high of $160.77. The firm has a market capitalization of $336.15 billion, a PE ratio of 26.37, a PEG ratio of 3.51 and a beta of 0.50. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.23 and a current ratio of 0.86. The business’s 50-day simple moving average is $132.25 and its 200 day simple moving average is $139.61.

Walmart (NYSE:WMTGet Rating) last released its earnings results on Tuesday, May 17th. The retailer reported $1.30 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.48 by ($0.18). Walmart had a return on equity of 19.05% and a net margin of 2.26%. The company had revenue of $141.60 billion for the quarter, compared to the consensus estimate of $138.05 billion. During the same quarter in the previous year, the company posted $1.69 EPS. The business’s revenue was up 2.4% on a year-over-year basis. On average, research analysts forecast that Walmart Inc. will post 6.4 earnings per share for the current year.

A number of equities research analysts recently commented on WMT shares. Deutsche Bank Aktiengesellschaft decreased their price objective on Walmart from $184.00 to $181.00 in a research note on Monday, May 16th. JPMorgan Chase & Co. set a $134.00 price objective on Walmart in a research note on Monday, June 6th. Gordon Haskett decreased their price objective on Walmart from $140.00 to $135.00 and set a “hold” rating for the company in a research note on Wednesday, May 18th. StockNews.com cut Walmart from a “strong-buy” rating to a “buy” rating in a research note on Monday, May 23rd. Finally, Truist Financial decreased their price objective on Walmart from $150.00 to $139.00 and set a “na” rating for the company in a research note on Wednesday, May 18th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and sixteen have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $156.74.

In related news, CEO C Douglas Mcmillon sold 9,708 shares of the company’s stock in a transaction dated Thursday, June 23rd. The stock was sold at an average price of $122.13, for a total transaction of $1,185,638.04. Following the sale, the chief executive officer now owns 1,517,160 shares in the company, valued at $185,290,750.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders have sold 29,124 shares of company stock worth $3,904,072 in the last quarter. 48.44% of the stock is currently owned by corporate insiders.

Walmart Company Profile (Get Rating)

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; membership-only warehouse clubs; ecommerce websites, such as walmart.com, walmart.com.mx, walmart.ca, flipkart.com, and samsclub.com; and mobile commerce applications.

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Institutional Ownership by Quarter for Walmart (NYSE:WMT)

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