Kingswood Wealth Advisors LLC Trims Stock Position in Walmart Inc. (NYSE:WMT)

Kingswood Wealth Advisors LLC lowered its holdings in shares of Walmart Inc. (NYSE:WMT) by 32.5% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 55,543 shares of the retailer’s stock after selling 26,768 shares during the quarter. Kingswood Wealth Advisors LLC’s holdings in Walmart were worth $5,018,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Driehaus Capital Management LLC grew its stake in shares of Walmart by 25.2% during the 2nd quarter. Driehaus Capital Management LLC now owns 13,461 shares of the retailer’s stock valued at $911,000 after acquiring an additional 2,706 shares during the period. Kimelman & Baird LLC bought a new position in shares of Walmart during the 2nd quarter valued at approximately $283,000. Advisory Alpha LLC grew its stake in shares of Walmart by 2.0% during the 2nd quarter. Advisory Alpha LLC now owns 27,345 shares of the retailer’s stock valued at $1,852,000 after acquiring an additional 539 shares during the period. SPC Financial Inc. boosted its stake in Walmart by 0.8% in the 2nd quarter. SPC Financial Inc. now owns 63,895 shares of the retailer’s stock worth $4,326,000 after purchasing an additional 504 shares during the period. Finally, 3Chopt Investment Partners LLC boosted its stake in Walmart by 2.6% in the 2nd quarter. 3Chopt Investment Partners LLC now owns 32,509 shares of the retailer’s stock worth $2,201,000 after purchasing an additional 817 shares during the period. Hedge funds and other institutional investors own 26.76% of the company’s stock.

Walmart Trading Down 0.0 %

Shares of NYSE:WMT opened at $97.36 on Wednesday. Walmart Inc. has a 52-week low of $54.51 and a 52-week high of $97.84. The stock has a market cap of $782.16 billion, a price-to-earnings ratio of 39.96, a PEG ratio of 4.42 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. The business has a 50-day moving average price of $92.29 and a 200-day moving average price of $82.49.

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 company had revenue of $169.59 billion during the quarter, compared to analysts’ expectations of $167.69 billion. Walmart had a return on equity of 21.78% and a net margin of 2.92%. Walmart’s quarterly revenue was up 5.5% on a year-over-year basis. During the same period last year, the business earned $0.51 earnings per share. Equities analysts predict that Walmart Inc. will post 2.48 EPS for the current year.

Insider Activity at Walmart

In other Walmart 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 of the company’s stock, valued at approximately $348,825,769.20. This trade represents a 0.76 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP John D. Rainey sold 3,000 shares of the firm’s stock in a transaction that occurred on Friday, November 1st. The shares were sold at an average price of $82.12, for a total value of $246,360.00. Following the completion of the sale, the executive vice president now directly owns 378,165 shares in the company, valued at approximately $31,054,909.80. The trade was a 0.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 140,177 shares of company stock worth $12,895,688. 45.58% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several research firms have weighed in on WMT. Morgan Stanley upped their price target on Walmart from $100.00 to $106.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 21st. Tigress Financial upped their price target on Walmart from $86.00 to $115.00 and gave the stock a “buy” rating in a research note on Friday, December 13th. TD Cowen upped their price target on Walmart from $90.00 to $100.00 and gave the stock a “buy” rating in a research note on Wednesday, November 20th. DZ Bank downgraded Walmart from a “buy” rating to a “hold” rating and set a $91.00 price target for the company. in a research note on Thursday, November 21st. Finally, Jefferies Financial Group upped their price objective on Walmart from $105.00 to $111.00 and gave the stock a “buy” rating in a report on Tuesday, December 17th. Two analysts have rated the stock with a hold rating, twenty-nine have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $94.69.

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.