Walmart Inc. (NYSE:WMT) Shares Sold by Sunburst Financial Group LLC

Sunburst Financial Group LLC cut its stake in Walmart Inc. (NYSE:WMT) by 18.7% during the 4th quarter, Holdings Channel.com reports. The fund owned 15,132 shares of the retailer’s stock after selling 3,489 shares during the period. Sunburst Financial Group LLC’s holdings in Walmart were worth $1,367,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Fiduciary Advisors Inc. purchased a new position in Walmart in the fourth quarter valued at approximately $27,000. Peterson Financial Group Inc. purchased a new position in Walmart in the third quarter valued at approximately $26,000. Decker Retirement Planning Inc. purchased a new position in Walmart in the fourth quarter valued at approximately $32,000. Voisard Asset Management Group Inc. raised its holdings 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 buying an additional 174 shares during the period. Finally, Livelsberger Financial Advisory purchased a new position in Walmart in the third quarter valued at approximately $36,000. 26.76% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms recently commented on WMT. JPMorgan Chase & Co. raised their price target on shares of Walmart from $97.00 to $112.00 and gave the company an “overweight” rating in a report on Monday, February 10th. Roth Mkm raised their price target on shares of Walmart from $81.00 to $97.00 and gave the company a “buy” rating in a report on Wednesday, November 20th. Wells Fargo & Company lifted their price objective on shares of Walmart from $100.00 to $108.00 and gave the company an “overweight” rating in a research note on Monday, February 3rd. DZ Bank lowered shares of Walmart from a “buy” rating to a “hold” rating and set a $91.00 price objective on the stock. in a research note on Thursday, November 21st. Finally, Barclays lifted their price objective on shares of Walmart from $98.00 to $108.00 and gave the company an “overweight” rating in a research note on Friday. Two equities research 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 data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $99.17.

Insider Activity at Walmart

In related news, CEO C Douglas Mcmillon sold 29,124 shares of the firm’s stock in a transaction that occurred 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 sale, the chief executive officer now directly owns 3,814,805 shares in the company, valued at $348,825,769.20. This trade represents a 0.76 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Daniel J. Bartlett sold 1,830 shares of the business’s stock in a transaction on 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 of the company’s stock, valued at $41,956,404.35. This trade represents a 0.40 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 175,177 shares of company stock worth $16,403,728 in the last ninety days. 45.58% of the stock is owned by insiders.

Walmart Stock Down 1.0 %

NYSE:WMT opened at $104.04 on Friday. The firm has a market capitalization 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 Inc. has a 52 week low of $55.99 and a 52 week high of $105.30. 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 stock has a 50 day moving average of $94.83 and a 200-day moving average of $85.09.

Walmart (NYSE:WMT) last issued its quarterly earnings data on Tuesday, November 19th. The retailer reported $0.58 EPS for the quarter, topping analysts’ consensus estimates of $0.53 by $0.05. The firm had revenue of $169.59 billion during the quarter, compared to the consensus estimate of $167.69 billion. Walmart had a return on equity of 21.78% and a net margin of 2.92%. The firm’s revenue was up 5.5% on a year-over-year basis. During the same period in the prior year, the business earned $0.51 EPS. Analysts predict that Walmart Inc. will post 2.48 EPS for the current year.

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.