Asset Dedication LLC Sells 20,314 Shares of Walmart Inc. (NYSE:WMT)

Asset Dedication LLC lessened its stake in Walmart Inc. (NYSE:WMT) by 19.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 86,664 shares of the retailer’s stock after selling 20,314 shares during the period. Walmart comprises 0.6% of Asset Dedication LLC’s portfolio, making the stock its 26th biggest holding. Asset Dedication LLC’s holdings in Walmart were worth $7,830,000 as of its most recent filing with the SEC.

A number of other institutional investors have also added to or reduced their stakes in WMT. Brophy Wealth Management LLC acquired a new position in shares of Walmart in the third quarter valued at $2,072,000. Bank of New Hampshire increased its holdings in Walmart by 13.7% in the 4th quarter. Bank of New Hampshire now owns 47,949 shares of the retailer’s stock valued at $4,332,000 after buying an additional 5,786 shares during the period. Iowa State Bank raised its stake in shares of Walmart by 213.8% in the 4th quarter. Iowa State Bank now owns 26,807 shares of the retailer’s stock valued at $2,422,000 after buying an additional 18,263 shares in the last quarter. Fisher Asset Management LLC lifted its holdings in shares of Walmart by 4.6% during the 3rd quarter. Fisher Asset Management LLC now owns 47,659,844 shares of the retailer’s stock worth $3,848,533,000 after acquiring an additional 2,107,197 shares during the period. Finally, Virtu Financial LLC acquired a new stake in shares of Walmart during the 3rd quarter valued at about $541,000. 26.76% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the company. Evercore ISI raised their target price on Walmart from $94.00 to $96.00 and gave the stock an “outperform” rating in a research report on Tuesday, December 3rd. Bank of America boosted their target price on shares of Walmart from $95.00 to $105.00 and gave the company a “buy” rating in a research note on Wednesday, November 20th. Tigress Financial increased their target price on shares of Walmart from $86.00 to $115.00 and gave the stock a “buy” rating in a research report on Friday, December 13th. Truist Financial boosted their price target on shares of Walmart from $89.00 to $98.00 and gave the company a “buy” rating in a research report on Wednesday, November 20th. Finally, Oppenheimer raised their price objective on shares of Walmart from $81.00 to $90.00 and gave the stock an “outperform” rating in a report on Monday, October 14th. Two investment analysts have rated the stock with a hold rating, twenty-nine have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Walmart has a consensus rating of “Moderate Buy” and a consensus price target of $94.69.

Walmart Stock Up 1.1 %

WMT stock opened at $98.61 on Friday. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.85 and a quick ratio of 0.23. The stock has a market capitalization of $792.15 billion, a P/E ratio of 40.47, a P/E/G ratio of 4.42 and a beta of 0.55. Walmart Inc. has a fifty-two week low of $55.04 and a fifty-two week high of $98.93. The business has a 50-day moving average of $92.71 and a 200-day moving average of $82.79.

Walmart (NYSE:WMT) last released its quarterly earnings results on Tuesday, November 19th. The retailer reported $0.58 earnings per share 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 firm had revenue of $169.59 billion during the quarter, compared to the consensus estimate of $167.69 billion. During the same quarter in the prior year, the firm posted $0.51 EPS. The business’s revenue was up 5.5% on a year-over-year basis. On average, sell-side analysts anticipate that Walmart Inc. will post 2.48 earnings per share for the current fiscal year.

Insider Buying and Selling at Walmart

In related news, Director Robert Edward Jr. Moritz purchased 5,446 shares of the stock in a transaction on Wednesday, November 27th. The shares were purchased at an average price of $91.81 per share, with a total value of $499,997.26. Following the transaction, the director now directly owns 7,805 shares of the company’s stock, valued at $716,577.05. This trade represents a 230.86 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO C Douglas Mcmillon sold 29,124 shares of the company’s stock in a transaction that occurred on Wednesday, November 27th. The stock was sold at an average price of $91.44, for a total value of $2,663,098.56. Following the sale, the chief executive officer now owns 3,814,805 shares in the company, valued at approximately $348,825,769.20. This represents a 0.76 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 137,177 shares of company stock worth $12,649,328. 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.