Walmart Inc. (NYSE:WMT) Shares Sold by Greenwood Capital Associates LLC

Greenwood Capital Associates LLC lessened its holdings in Walmart Inc. (NYSE:WMT) by 14.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 82,925 shares of the retailer’s stock after selling 13,840 shares during the quarter. Greenwood Capital Associates LLC’s holdings in Walmart were worth $7,492,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Brown Lisle Cummings Inc. grew its stake in Walmart by 11.5% in the 4th quarter. Brown Lisle Cummings Inc. now owns 7,037 shares of the retailer’s stock valued at $636,000 after acquiring an additional 727 shares during the period. Rockline Wealth Management LLC raised its holdings in shares of Walmart by 5.3% during the 4th quarter. Rockline Wealth Management LLC now owns 47,129 shares of the retailer’s stock worth $4,258,000 after acquiring an additional 2,369 shares during the period. Tempus Wealth Planning LLC raised its holdings in shares of Walmart by 1.8% during the 4th quarter. Tempus Wealth Planning LLC now owns 24,489 shares of the retailer’s stock worth $2,213,000 after acquiring an additional 428 shares during the period. Flavin Financial Services Inc. purchased a new position in shares of Walmart during the 4th quarter worth $3,539,000. Finally, First Dallas Securities Inc. increased its position in shares of Walmart by 0.4% during the 4th quarter. First Dallas Securities Inc. now owns 29,536 shares of the retailer’s stock worth $2,669,000 after purchasing an additional 125 shares during the last quarter. Institutional investors and hedge funds own 26.76% of the company’s stock.

Insider Buying and Selling at Walmart

In other Walmart news, SVP David Chojnowski sold 5,600 shares of the firm’s stock in a transaction on Wednesday, November 27th. The stock was sold at an average price of $91.45, for a total transaction of $512,120.00. Following the transaction, the senior vice president now directly owns 87,404 shares in the company, valued at approximately $7,993,095.80. This trade represents a 6.02 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP John D. Rainey sold 38,000 shares of the firm’s stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $98.80, for a total value of $3,754,400.00. Following 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 ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 175,177 shares of company stock valued at $16,403,728. 45.58% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

WMT has been the subject of several research reports. StockNews.com downgraded Walmart from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, November 20th. BMO Capital Markets increased their price target on shares of Walmart from $80.00 to $100.00 and gave the company an “outperform” rating in a research note on Monday, November 18th. Royal Bank of Canada reissued an “outperform” rating and issued a $105.00 price objective on shares of Walmart in a report on Wednesday, January 15th. Tigress Financial raised their target price on Walmart from $86.00 to $115.00 and gave the company a “buy” rating in a report on Friday, December 13th. Finally, Truist Financial raised their price target on Walmart from $89.00 to $98.00 and gave the company a “buy” rating in a research report on Wednesday, November 20th. Two investment 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 company has a consensus rating of “Moderate Buy” and a consensus target price of $96.01.

Walmart Trading Up 1.7 %

WMT stock opened at $102.47 on Thursday. The company has a fifty day moving average price of $93.46 and a two-hundred day moving average price of $83.69. The stock has a market cap of $823.21 billion, a price-to-earnings ratio of 42.05, a price-to-earnings-growth ratio of 4.49 and a beta of 0.55. Walmart Inc. has a one year low of $55.85 and a one year high of $102.58. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.85 and a quick ratio of 0.23.

Walmart (NYSE:WMT) last posted its quarterly earnings results on Tuesday, November 19th. The retailer reported $0.58 EPS for the quarter, beating analysts’ consensus estimates of $0.53 by $0.05. The business 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%. Walmart’s revenue for the quarter was up 5.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.51 earnings per share. Equities analysts anticipate that Walmart Inc. will post 2.48 EPS for the current year.

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.