LJI Wealth Management LLC Cuts Stock Holdings in Walmart Inc. (NYSE:WMT)

LJI Wealth Management LLC cut its stake in Walmart Inc. (NYSE:WMT) by 5.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 6,732 shares of the retailer’s stock after selling 363 shares during the period. LJI Wealth Management LLC’s holdings in Walmart were worth $608,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Peterson Financial Group Inc. acquired a new position in shares of Walmart during the third quarter worth about $26,000. Fiduciary Advisors Inc. purchased a new position in Walmart in the fourth quarter worth approximately $27,000. Voisard Asset Management Group Inc. grew its holdings in Walmart by 77.3% during the 3rd quarter. Voisard Asset Management Group Inc. now owns 399 shares of the retailer’s stock worth $32,000 after acquiring an additional 174 shares in the last quarter. Decker Retirement Planning Inc. purchased a new stake in shares of Walmart in the 4th quarter valued at approximately $32,000. Finally, Livelsberger Financial Advisory purchased a new stake in shares of Walmart in the 3rd quarter valued at approximately $36,000. 26.76% of the stock is currently owned by hedge funds and other institutional investors.

Walmart Price Performance

Shares of NYSE:WMT opened at $102.77 on Tuesday. Walmart Inc. has a 52 week low of $55.85 and a 52 week high of $103.11. The company has a 50-day moving average price of $94.07 and a 200 day moving average price of $84.36. The company has a market cap of $825.62 billion, a P/E ratio of 42.18, a PEG ratio of 4.25 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.

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

Insiders Place Their Bets

In other news, Director Robert Edward Jr. Moritz purchased 5,446 shares of the stock in a transaction that occurred on Wednesday, November 27th. The shares were acquired at an average price of $91.81 per share, for a total transaction of $499,997.26. Following the acquisition, 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 acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO C Douglas Mcmillon sold 29,124 shares of Walmart stock in a transaction 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 transaction, the chief executive officer now directly owns 3,814,805 shares of the company’s stock, valued at approximately $348,825,769.20. This represents a 0.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 175,177 shares of company stock worth $16,403,728. Corporate insiders own 45.58% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the stock. Oppenheimer boosted their target price on shares of Walmart from $100.00 to $110.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 5th. Truist Financial increased their price objective on Walmart from $89.00 to $98.00 and gave the company a “buy” rating in a report on Wednesday, November 20th. Royal Bank of Canada restated an “outperform” rating and set a $105.00 target price on shares of Walmart in a research note on Wednesday, January 15th. Stifel Nicolaus increased their price target on shares of Walmart from $89.00 to $94.00 and gave the company a “hold” rating in a research note on Tuesday, December 10th. Finally, StockNews.com downgraded shares of Walmart from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, November 20th. Two equities research analysts have rated the stock with a hold rating, twenty-nine have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $96.95.

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.