Bright Futures Wealth Management LLC. Decreases Position in Walmart Inc. (NYSE:WMT)

Bright Futures Wealth Management LLC. trimmed its position in Walmart Inc. (NYSE:WMT) by 10.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 9,207 shares of the retailer’s stock after selling 1,099 shares during the quarter. Bright Futures Wealth Management LLC.’s holdings in Walmart were worth $898,000 at the end of the most recent reporting period.

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

Walmart Stock Down 1.0 %

WMT stock opened at $104.04 on Friday. 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 fifty-two week low of $55.99 and a fifty-two week high of $105.30. The firm’s 50-day simple moving average is $94.83 and its 200 day simple moving average is $85.09. The stock has a market cap of $835.78 billion, a PE ratio of 42.70, a price-to-earnings-growth ratio of 4.25 and a beta of 0.55.

Walmart (NYSE:WMT) last released its 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. The firm 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%. Walmart’s quarterly revenue was up 5.5% on a year-over-year basis. During the same quarter last year, the company earned $0.51 EPS. As a group, sell-side analysts predict that Walmart Inc. will post 2.48 EPS for the current year.

Insider Buying and Selling at Walmart

In other news, EVP John D. Rainey sold 38,000 shares of the firm’s stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $98.80, for a total transaction of $3,754,400.00. Following the completion of the transaction, the executive vice president now owns 257,281 shares in the company, valued at approximately $25,419,362.80. This trade represents a 12.87 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP Daniel J. Bartlett sold 1,830 shares of the firm’s stock in a transaction dated Wednesday, January 15th. The shares were sold at an average price of $91.07, for a total transaction of $166,658.10. Following the transaction, the executive vice president now owns 460,705 shares of the company’s stock, valued at approximately $41,956,404.35. This trade represents a 0.40 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 175,177 shares of company stock valued at $16,403,728. Company insiders own 45.58% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently weighed in on WMT. Citigroup lifted their target price on shares of Walmart from $98.00 to $120.00 and gave the company a “buy” rating in a report on Tuesday. Truist Financial upped their price target on shares of Walmart from $98.00 to $111.00 and gave the company a “buy” rating in a report on Tuesday. KeyCorp boosted their price objective 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. Piper Sandler boosted their price objective on shares of Walmart from $83.00 to $93.00 and gave the company an “overweight” rating in a research report on Monday, November 18th. Finally, UBS Group upped their price target on shares of Walmart from $100.00 to $113.00 and gave the stock a “buy” rating in a research report on Friday, January 31st. Two 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. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $99.17.

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.