DAVENPORT & Co LLC Sells 130 Shares of Walmart Inc. (NYSE:WMT)

DAVENPORT & Co LLC trimmed its stake in shares of Walmart Inc. (NYSE:WMT) by 0.0% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 1,358,782 shares of the retailer’s stock after selling 130 shares during the quarter. DAVENPORT & Co LLC’s holdings in Walmart were worth $122,812,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of WMT. Czech National Bank raised its holdings in shares of Walmart by 8.7% during the 3rd quarter. Czech National Bank now owns 884,820 shares of the retailer’s stock worth $71,449,000 after buying an additional 70,808 shares in the last quarter. GAMMA Investing LLC grew its position in Walmart by 32.5% in the third quarter. GAMMA Investing LLC now owns 71,684 shares of the retailer’s stock valued at $5,788,000 after acquiring an additional 17,593 shares during the last quarter. WealthBridge Capital Management LLC acquired a new position in Walmart during the third quarter worth about $336,000. Diversified Trust Co boosted its stake in shares of Walmart by 4.8% in the 3rd quarter. Diversified Trust Co now owns 129,449 shares of the retailer’s stock valued at $10,453,000 after purchasing an additional 5,983 shares in the last quarter. Finally, Everpar Advisors LLC grew its holdings in shares of Walmart by 2.3% during the 3rd quarter. Everpar Advisors LLC now owns 20,373 shares of the retailer’s stock valued at $1,645,000 after purchasing an additional 449 shares during the last quarter. 26.76% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

WMT has been the topic of a number of research analyst reports. Stifel Nicolaus raised 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 stock an “overweight” rating in a report on Tuesday, January 21st. UBS Group lifted their price target on Walmart from $100.00 to $113.00 and gave the company a “buy” rating in a research note on Friday. Tigress Financial raised their price objective on shares of Walmart from $86.00 to $115.00 and gave the company a “buy” rating in a report on Friday, December 13th. Finally, Evercore ISI boosted their target price on shares of Walmart from $94.00 to $96.00 and gave the stock an “outperform” rating in a report on Tuesday, December 3rd. Two research 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 company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $95.37.

Walmart Price Performance

Shares of WMT opened at $99.60 on Tuesday. The stock has a market cap of $800.13 billion, a P/E ratio of 40.88, a P/E/G ratio of 4.49 and a beta of 0.55. The business’s fifty day moving average is $93.07 and its 200 day moving average is $83.27. 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 Inc. has a 12-month low of $55.85 and a 12-month high of $99.79.

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

Insider Activity at Walmart

In other Walmart news, EVP John R. Furner sold 13,125 shares of the business’s stock in a transaction on Thursday, January 23rd. The stock was sold at an average price of $92.96, for a total value of $1,220,100.00. Following the transaction, the executive vice president now owns 568,626 shares of the company’s stock, valued at approximately $52,859,472.96. The trade was a 2.26 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Robert Edward Jr. Moritz acquired 5,446 shares of Walmart stock in a transaction on Wednesday, November 27th. The stock was acquired at an average price of $91.81 per share, with a total value of $499,997.26. Following the purchase, the director now directly owns 7,805 shares in the company, valued at approximately $716,577.05. This trade represents a 230.86 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last three months, insiders sold 137,177 shares of company stock valued at $12,649,328. 45.58% of the stock is owned by insiders.

Walmart 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.