Good Life Advisors LLC Sells 1,376 Shares of Walmart Inc. (NYSE:WMT)

Good Life Advisors LLC trimmed its holdings in shares of Walmart Inc. (NYSE:WMT) by 2.2% in the 4th quarter, Holdings Channel reports. The firm owned 59,782 shares of the retailer’s stock after selling 1,376 shares during the quarter. Good Life Advisors LLC’s holdings in Walmart were worth $5,401,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the stock. Brophy Wealth Management LLC purchased a new stake in Walmart in the 3rd quarter valued at about $2,072,000. Bank of New Hampshire boosted its holdings in shares of Walmart by 13.7% in the fourth quarter. Bank of New Hampshire now owns 47,949 shares of the retailer’s stock valued at $4,332,000 after purchasing an additional 5,786 shares during the period. Iowa State Bank grew its stake in Walmart by 213.8% in the fourth quarter. Iowa State Bank now owns 26,807 shares of the retailer’s stock worth $2,422,000 after purchasing an additional 18,263 shares in the last quarter. Fisher Asset Management LLC increased its holdings in Walmart by 4.6% during the 3rd quarter. Fisher Asset Management LLC now owns 47,659,844 shares of the retailer’s stock worth $3,848,533,000 after purchasing an additional 2,107,197 shares during the period. Finally, Virtu Financial LLC bought a new stake in Walmart during the 3rd quarter valued at $541,000. 26.76% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, CEO C Douglas Mcmillon sold 29,124 shares of the company’s stock in a transaction on Wednesday, November 27th. The shares were 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 of the company’s stock, valued at $348,825,769.20. This represents a 0.76 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Robert Edward Jr. Moritz bought 5,446 shares of the firm’s stock in a transaction that occurred on Wednesday, November 27th. The shares were acquired at an average price of $91.81 per share, with a total value of $499,997.26. Following the completion of the transaction, the director now directly owns 7,805 shares of the company’s stock, valued at $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 quarter, insiders have sold 175,177 shares of company stock worth $16,403,728. 45.58% of the stock is owned by company insiders.

Walmart Price Performance

NYSE WMT opened at $103.90 on Thursday. The stock’s fifty day moving average price is $95.56 and its 200 day moving average price is $86.17. Walmart Inc. has a 1 year low of $57.60 and a 1 year high of $105.30. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.85 and a quick ratio of 0.23. The company has a market cap of $834.69 billion, a price-to-earnings ratio of 42.64, a PEG ratio of 4.39 and a beta of 0.55.

Walmart (NYSE:WMT) last announced its quarterly earnings data on Tuesday, November 19th. The retailer reported $0.58 earnings per share for the quarter, beating analysts’ consensus estimates of $0.53 by $0.05. The business had revenue of $169.59 billion for the quarter, compared to analyst estimates of $167.69 billion. Walmart had a return on equity of 21.78% and a net margin of 2.92%. The company’s revenue was up 5.5% on a year-over-year basis. During the same period in the prior year, the company earned $0.51 earnings per share. As a group, equities research analysts forecast that Walmart Inc. will post 2.48 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on WMT shares. Jefferies Financial Group raised their price target on Walmart from $105.00 to $111.00 and gave the company a “buy” rating in a research note on Tuesday, December 17th. Morgan Stanley reissued an “overweight” rating and set a $115.00 target price (up previously from $106.00) on shares of Walmart in a research report on Thursday, February 13th. StockNews.com cut shares of Walmart from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, November 20th. Piper Sandler lifted their price objective on shares of Walmart from $93.00 to $118.00 and gave the company an “overweight” rating in a report on Tuesday. Finally, Evercore ISI upped their target price on Walmart from $94.00 to $96.00 and gave the stock an “outperform” rating in a report on Tuesday, December 3rd. Two 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 stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $101.87.

Walmart Company 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.