RMR Capital Management LLC Sells 5,765 Shares of Walmart Inc. (NYSE:WMT)

RMR Capital Management LLC decreased its position in shares of Walmart Inc. (NYSE:WMT) by 18.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 25,050 shares of the retailer’s stock after selling 5,765 shares during the quarter. Walmart makes up 1.7% of RMR Capital Management LLC’s holdings, making the stock its 15th largest holding. RMR Capital Management LLC’s holdings in Walmart were worth $2,263,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Czech National Bank raised its position in shares of Walmart by 8.7% in the 3rd quarter. Czech National Bank now owns 884,820 shares of the retailer’s stock worth $71,449,000 after acquiring an additional 70,808 shares in the last quarter. Curbstone Financial Management Corp grew its stake in Walmart by 4.2% in the third quarter. Curbstone Financial Management Corp now owns 14,598 shares of the retailer’s stock valued at $1,179,000 after purchasing an additional 594 shares during the last quarter. Meritas Wealth Management LLC raised its holdings in Walmart by 4.4% in the third quarter. Meritas Wealth Management LLC now owns 7,052 shares of the retailer’s stock worth $569,000 after purchasing an additional 300 shares in the last quarter. Marotta Asset Management purchased a new stake in shares of Walmart during the third quarter valued at about $209,000. Finally, Wiser Wealth Management Inc bought a new stake in shares of Walmart in the 3rd quarter valued at about $247,000. Hedge funds and other institutional investors own 26.76% of the company’s stock.

Walmart Price Performance

Shares of Walmart stock opened at $97.97 on Friday. The firm has a market cap of $787.00 billion, a PE ratio of 40.20, a P/E/G ratio of 4.46 and a beta of 0.55. Walmart Inc. has a twelve month low of $55.04 and a twelve month high of $99.00. The company has a quick ratio of 0.23, a current ratio of 0.85 and a debt-to-equity ratio of 0.42. The business has a 50-day moving average price of $92.91 and a 200 day moving average price of $82.90.

Walmart (NYSE:WMT) last issued its quarterly earnings results on Tuesday, November 19th. The retailer reported $0.58 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.53 by $0.05. The firm had revenue of $169.59 billion for the quarter, compared to analyst estimates of $167.69 billion. Walmart had a return on equity of 21.78% and a net margin of 2.92%. The business’s revenue was up 5.5% on a year-over-year basis. During the same period in the previous year, the company posted $0.51 earnings per share. Sell-side analysts predict that Walmart Inc. will post 2.48 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts recently commented on WMT shares. Stifel Nicolaus increased their target price on shares of Walmart from $89.00 to $94.00 and gave the company a “hold” rating in a research report on Tuesday, December 10th. Morgan Stanley upped their target price on Walmart from $100.00 to $106.00 and gave the company an “overweight” rating in a research report on Tuesday, January 21st. Telsey Advisory Group raised their price target on Walmart from $92.00 to $100.00 and gave the stock an “outperform” rating in a report on Tuesday, November 19th. Bank of America upped their price objective on shares of Walmart from $95.00 to $105.00 and gave the company a “buy” rating in a report on Wednesday, November 20th. Finally, BMO Capital Markets lifted their target price on shares of Walmart from $80.00 to $100.00 and gave the stock an “outperform” rating in a research note on Monday, November 18th. Two analysts have rated the stock with a hold rating, twenty-nine have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $95.11.

Insiders Place Their Bets

In other news, SVP David Chojnowski sold 5,600 shares of the firm’s stock in a transaction that occurred on Wednesday, November 27th. The shares were sold at an average price of $91.45, for a total transaction of $512,120.00. Following the completion of the sale, the senior vice president now owns 87,404 shares in the company, valued at $7,993,095.80. This trade represents a 6.02 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP John R. Furner sold 13,125 shares of the company’s stock in a transaction that occurred on Wednesday, November 27th. The shares were sold at an average price of $92.00, for a total value of $1,207,500.00. Following the completion of the transaction, the executive vice president now owns 579,915 shares in the company, valued at $53,352,180. This represents a 2.21 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 137,177 shares of company stock valued at $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.