Everett Harris & Co. CA Has $75.97 Million Holdings in Walmart Inc. (NYSE:WMT)

Everett Harris & Co. CA lessened its holdings in Walmart Inc. (NYSE:WMT) by 0.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 840,854 shares of the retailer’s stock after selling 2,222 shares during the period. Walmart comprises 1.0% of Everett Harris & Co. CA’s investment portfolio, making the stock its 22nd biggest holding. Everett Harris & Co. CA’s holdings in Walmart were worth $75,971,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in WMT. Peterson Financial Group Inc. bought a new stake in Walmart in the 3rd quarter worth about $26,000. Fiduciary Advisors Inc. bought a new stake in Walmart in the 4th quarter worth about $27,000. Voisard Asset Management Group Inc. grew its position in Walmart by 77.3% in the 3rd quarter. Voisard Asset Management Group Inc. now owns 399 shares of the retailer’s stock worth $32,000 after purchasing an additional 174 shares in the last quarter. Decker Retirement Planning Inc. bought a new stake in Walmart in the 4th quarter worth about $32,000. Finally, Hoese & Co LLP bought a new stake in Walmart in the 3rd quarter worth about $33,000. Institutional investors and hedge funds own 26.76% of the company’s stock.

Wall Street Analyst Weigh In

WMT has been the subject of a number of recent analyst reports. Truist Financial upped their price objective on shares of Walmart from $89.00 to $98.00 and gave the stock a “buy” rating in a research report on Wednesday, November 20th. Morgan Stanley increased their target price on shares of Walmart from $100.00 to $106.00 and gave the company an “overweight” rating in a research report on Tuesday, January 21st. Wells Fargo & Company increased their target price on shares of Walmart from $96.00 to $100.00 and gave the company an “overweight” rating in a research report on Friday, January 10th. Barclays increased their target price on shares of Walmart from $90.00 to $98.00 and gave the company an “overweight” rating in a research report on Thursday, January 9th. Finally, KeyCorp increased their target price on shares of Walmart from $96.00 to $100.00 and gave the company an “overweight” rating in a research report on Wednesday, December 11th. Two equities research analysts have rated the stock with a hold rating, twenty-nine have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $95.11.

Insider Activity

In other news, CEO C Douglas Mcmillon sold 29,124 shares of the stock in a transaction dated Wednesday, November 27th. The stock was sold at an average price of $91.44, for a total transaction of $2,663,098.56. Following the transaction, the chief executive officer now directly 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Robert Edward Jr. Moritz acquired 5,446 shares of Walmart stock in a transaction dated Wednesday, November 27th. The shares were purchased at an average price of $91.81 per share, for a total transaction of $499,997.26. Following the completion of the transaction, the director now directly owns 7,805 shares in the company, valued at approximately $716,577.05. The trade was a 230.86 % increase in their position. The disclosure for this purchase can be found here. In the last three months, insiders have sold 137,177 shares of company stock worth $12,649,328. 45.58% of the stock is currently owned by insiders.

Walmart Price Performance

Shares of NYSE WMT opened at $97.97 on Monday. The firm has a market capitalization of $787.00 billion, a P/E ratio of 40.20, a P/E/G ratio of 4.46 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. The stock’s 50-day simple moving average is $93.07 and its two-hundred day simple moving average is $83.19. Walmart Inc. has a twelve month low of $55.04 and a twelve month high of $99.00.

Walmart (NYSE:WMT) last announced its quarterly earnings data on Tuesday, November 19th. The retailer reported $0.58 EPS for the quarter, beating the consensus estimate 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 company’s revenue was up 5.5% on a year-over-year basis. During the same period in the prior year, the company earned $0.51 EPS. As a group, equities analysts anticipate that Walmart Inc. will post 2.48 EPS for the current fiscal year.

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.