Walmart Inc. (NYSE:WMT) Shares Sold by Waldron Private Wealth LLC

Waldron Private Wealth LLC decreased its position in Walmart Inc. (NYSE:WMT) by 0.2% in the 4th quarter, Holdings Channel.com reports. The fund owned 79,683 shares of the retailer’s stock after selling 154 shares during the period. Waldron Private Wealth LLC’s holdings in Walmart were worth $7,216,000 as of its most recent filing with the Securities and Exchange Commission.

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

Insider Buying and Selling at Walmart

In other Walmart news, EVP Daniel J. Bartlett sold 1,830 shares of the business’s stock in a transaction dated Wednesday, January 15th. The stock was sold at an average price of $91.07, for a total value of $166,658.10. Following the transaction, the executive vice president now owns 460,705 shares in the company, valued at $41,956,404.35. The trade was a 0.40 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP John R. Furner sold 13,125 shares of the business’s stock in a transaction dated Thursday, January 23rd. The shares were sold at an average price of $92.96, for a total value of $1,220,100.00. Following the completion of the transaction, the executive vice president now owns 568,626 shares in the company, valued at $52,859,472.96. This trade represents a 2.26 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 137,177 shares of company stock worth $12,649,328 over the last 90 days. 45.58% of the stock is currently owned by corporate insiders.

Walmart Stock Performance

Shares of WMT stock opened at $97.97 on Monday. Walmart Inc. has a 1-year low of $55.04 and a 1-year high of $99.00. The company has a current ratio of 0.85, a quick ratio of 0.23 and a debt-to-equity ratio of 0.42. The company has a market capitalization of $787.00 billion, a price-to-earnings ratio of 40.20, a P/E/G ratio of 4.46 and a beta of 0.55. The stock’s fifty day simple moving average is $93.07 and its 200-day simple moving average is $83.19.

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

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on WMT. Morgan Stanley lifted their target price on Walmart from $100.00 to $106.00 and gave the company an “overweight” rating in a research note on Tuesday, January 21st. Wells Fargo & Company lifted their target price on Walmart from $96.00 to $100.00 and gave the company an “overweight” rating in a research note on Friday, January 10th. Jefferies Financial Group lifted their target price on Walmart from $105.00 to $111.00 and gave the company a “buy” rating in a research note on Tuesday, December 17th. DZ Bank downgraded Walmart from a “buy” rating to a “hold” rating and set a $91.00 target price on the stock. in a research note on Thursday, November 21st. Finally, Guggenheim boosted their price objective on Walmart from $90.00 to $100.00 and gave the stock a “buy” rating in a research note on Wednesday, November 20th. Two analysts have rated the stock with a hold rating, twenty-nine have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Walmart currently has an average rating of “Moderate Buy” and an average price target of $95.11.

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.