Curbstone Financial Management Corp Sells 220 Shares of Walmart Inc. (NYSE:WMT)

Curbstone Financial Management Corp cut its stake in shares of Walmart Inc. (NYSE:WMT) by 1.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 14,378 shares of the retailer’s stock after selling 220 shares during the period. Curbstone Financial Management Corp’s holdings in Walmart were worth $1,299,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Peterson Financial Group Inc. bought a new stake in shares of Walmart during the third quarter valued at about $26,000. Decker Retirement Planning Inc. bought a new stake in shares of Walmart during the fourth quarter valued at about $32,000. Voisard Asset Management Group Inc. increased its position in shares of Walmart by 77.3% during the third quarter. Voisard Asset Management Group Inc. now owns 399 shares of the retailer’s stock valued at $32,000 after buying an additional 174 shares during the period. Hoese & Co LLP bought a new stake in shares of Walmart during the third quarter valued at about $33,000. Finally, Livelsberger Financial Advisory bought a new stake in shares of Walmart during the third quarter valued at about $36,000. 26.76% of the stock is currently owned by institutional investors.

Walmart Stock Performance

Shares of WMT stock opened at $97.55 on Thursday. The stock has a fifty day moving average of $92.50 and a 200 day moving average of $82.69. Walmart Inc. has a 52 week low of $54.54 and a 52 week high of $98.17. The firm has a market capitalization of $783.66 billion, a price-to-earnings ratio of 40.03, a PEG ratio of 4.42 and a beta of 0.55. The company has a quick ratio of 0.23, a current ratio of 0.85 and a debt-to-equity ratio of 0.42.

Walmart (NYSE:WMT) last announced its quarterly earnings results on Tuesday, November 19th. The retailer reported $0.58 EPS for the quarter, topping analysts’ consensus estimates 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 last year, the firm posted $0.51 earnings per share. The firm’s revenue was up 5.5% on a year-over-year basis. As a group, research analysts expect that Walmart Inc. will post 2.48 earnings per share for the current year.

Analysts Set New Price Targets

WMT has been the topic of several analyst reports. StockNews.com cut Walmart from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, November 20th. Robert W. Baird boosted their price objective on Walmart from $90.00 to $100.00 and gave the stock an “outperform” rating in a report on Wednesday, November 20th. KeyCorp boosted their price objective on Walmart from $96.00 to $100.00 and gave the stock an “overweight” rating in a report on Wednesday, December 11th. Oppenheimer boosted their price objective on Walmart from $81.00 to $90.00 and gave the stock an “outperform” rating in a report on Monday, October 14th. Finally, Truist Financial boosted their price objective on Walmart from $89.00 to $98.00 and gave the stock a “buy” rating in a report on Wednesday, November 20th. Two research 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 company’s stock. According to MarketBeat.com, Walmart currently has an average rating of “Moderate Buy” and a consensus price target of $94.69.

Insider Buying and Selling

In other Walmart news, EVP John R. Furner sold 13,125 shares of the firm’s stock in a transaction on Thursday, January 23rd. The stock was sold at an average price of $92.96, for a total transaction of $1,220,100.00. Following the completion of the transaction, the executive vice president now owns 568,626 shares of the company’s stock, valued at approximately $52,859,472.96. This trade represents a 2.26 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO C Douglas Mcmillon sold 29,124 shares of the firm’s stock in a transaction on Wednesday, November 27th. The shares were sold at an average price of $91.44, for a total value of $2,663,098.56. Following the transaction, the chief executive officer now directly owns 3,814,805 shares of the company’s stock, valued at $348,825,769.20. This represents a 0.76 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 140,177 shares of company stock valued at $12,895,688 over the last quarter. 45.58% of the stock is owned by company insiders.

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.