Old Port Advisors reduced its stake in shares of Walmart Inc. (NYSE:WMT – Free Report) by 0.5% during the fourth quarter, Holdings Channel.com reports. The firm owned 24,328 shares of the retailer’s stock after selling 125 shares during the period. Old Port Advisors’ holdings in Walmart were worth $2,198,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Summit Financial Wealth Advisors LLC increased its stake in shares of Walmart by 0.5% during the third quarter. Summit Financial Wealth Advisors LLC now owns 23,720 shares of the retailer’s stock valued at $1,915,000 after acquiring an additional 118 shares during the period. Providence Wealth Advisors LLC increased its position in shares of Walmart by 0.3% during the 3rd quarter. Providence Wealth Advisors LLC now owns 43,549 shares of the retailer’s stock valued at $3,591,000 after purchasing an additional 122 shares during the period. 3Chopt Investment Partners LLC raised its stake in shares of Walmart by 0.4% in the 3rd quarter. 3Chopt Investment Partners LLC now owns 32,633 shares of the retailer’s stock worth $2,635,000 after buying an additional 124 shares in the last quarter. CAP Partners LLC raised its stake in shares of Walmart by 2.1% in the 3rd quarter. CAP Partners LLC now owns 6,054 shares of the retailer’s stock worth $489,000 after buying an additional 125 shares in the last quarter. Finally, Investment Advisory Group LLC lifted its holdings in shares of Walmart by 2.1% in the third quarter. Investment Advisory Group LLC now owns 6,182 shares of the retailer’s stock valued at $499,000 after buying an additional 126 shares during the period. 26.76% of the stock is currently owned by institutional investors.
Wall Street Analyst Weigh In
Several equities research analysts have commented on WMT shares. Wells Fargo & Company boosted their price target on shares of Walmart from $90.00 to $96.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 20th. Royal Bank of Canada boosted their target price on shares of Walmart from $88.00 to $92.00 and gave the stock an “overweight” rating in a report on Monday, November 18th. Sanford C. Bernstein increased their target price on shares of Walmart from $98.00 to $102.00 and gave the company an “outperform” rating in a research note on Wednesday, November 20th. DZ Bank lowered shares of Walmart from a “buy” rating to a “hold” rating and set a $91.00 price target on the stock. in a research report on Thursday, November 21st. Finally, Tigress Financial raised their price objective on Walmart from $86.00 to $115.00 and gave the stock a “buy” rating in a research note on Friday, December 13th. Two analysts have rated the stock with a hold rating, twenty-nine have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $93.69.
Walmart Stock Down 0.6 %
Shares of Walmart stock traded down $0.55 during trading on Thursday, hitting $89.80. 3,082,019 shares of the stock traded hands, compared to its average volume of 16,991,166. The stock has a market cap of $721.40 billion, a P/E ratio of 36.85, a PEG ratio of 4.47 and a beta of 0.54. The company has a fifty day moving average price of $89.11 and a two-hundred day moving average price of $79.40. Walmart Inc. has a twelve month low of $51.87 and a twelve month high of $96.18. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.23 and a current ratio of 0.85.
Walmart (NYSE:WMT – Get Free Report) last posted its earnings results on Tuesday, November 19th. The retailer reported $0.58 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.53 by $0.05. Walmart had a net margin of 2.92% and a return on equity of 21.78%. The firm had revenue of $169.59 billion during the quarter, compared to analysts’ expectations of $167.69 billion. During the same period in the previous year, the company earned $0.51 earnings per share. The company’s revenue was up 5.5% compared to the same quarter last year. Equities research analysts predict that Walmart Inc. will post 2.47 EPS for the current fiscal year.
Insider Buying and Selling
In other news, CEO C Douglas Mcmillon sold 29,124 shares of Walmart stock in a transaction that occurred on Thursday, December 26th. The shares were sold at an average price of $92.35, for a total value of $2,689,601.40. Following the transaction, the chief executive officer now owns 3,785,702 shares of the company’s stock, valued at $349,609,579.70. This trade represents a 0.76 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Daniel J. Bartlett sold 2,065 shares of the company’s stock in a transaction on Tuesday, October 15th. The stock was sold at an average price of $80.69, for a total transaction of $166,624.85. Following the sale, the executive vice president now directly owns 457,493 shares of the company’s stock, valued at approximately $36,915,110.17. This represents a 0.45 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 140,412 shares of company stock worth $12,478,116. Corporate insiders own 45.58% of the company’s stock.
Walmart Company Profile
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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