Accretive Wealth Partners LLC Sells 730 Shares of Walmart Inc. (NYSE:WMT)

Accretive Wealth Partners LLC lessened its stake in shares of Walmart Inc. (NYSE:WMT) by 2.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 28,381 shares of the retailer’s stock after selling 730 shares during the quarter. Walmart makes up about 1.1% of Accretive Wealth Partners LLC’s portfolio, making the stock its 20th biggest position. Accretive Wealth Partners LLC’s holdings in Walmart were worth $2,564,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Fiduciary Advisors Inc. bought a new stake in Walmart during the 4th quarter valued at $27,000. Peterson Financial Group Inc. bought a new stake in Walmart during the 3rd quarter valued at $26,000. Decker Retirement Planning Inc. bought a new stake in Walmart during the 4th quarter valued at $32,000. Voisard Asset Management Group Inc. boosted its position in Walmart by 77.3% during the 3rd quarter. Voisard Asset Management Group Inc. now owns 399 shares of the retailer’s stock valued at $32,000 after acquiring an additional 174 shares in the last quarter. Finally, Livelsberger Financial Advisory bought a new stake in Walmart during the 3rd quarter valued at $36,000. Institutional investors own 26.76% of the company’s stock.

Walmart Stock Performance

NYSE WMT opened at $104.04 on Friday. The stock has a 50-day simple moving average of $94.99 and a two-hundred day simple moving average of $85.33. The firm has a market capitalization of $835.78 billion, a P/E ratio of 42.70, a PEG ratio of 4.25 and a beta of 0.55. Walmart Inc. has a fifty-two week low of $55.99 and a fifty-two week high of $105.30. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.23 and a current ratio of 0.85.

Walmart (NYSE:WMT) last posted its 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. Walmart had a return on equity of 21.78% and a net margin of 2.92%. The firm had revenue of $169.59 billion for the quarter, compared to analysts’ expectations of $167.69 billion. During the same period last year, the firm earned $0.51 EPS. The company’s quarterly revenue was up 5.5% on a year-over-year basis. On average, equities analysts forecast that Walmart Inc. will post 2.48 earnings per share for the current year.

Insider Activity

In other news, CEO C Douglas Mcmillon sold 29,124 shares of the firm’s stock in a transaction dated Thursday, January 23rd. The stock was sold at an average price of $92.62, for a total transaction of $2,697,464.88. Following the sale, the chief executive officer now directly owns 3,766,491 shares in the company, valued at $348,852,396.42. This trade represents a 0.77 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP John D. Rainey sold 38,000 shares of Walmart stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $98.80, for a total value of $3,754,400.00. Following the completion of the sale, the executive vice president now owns 257,281 shares in the company, valued at approximately $25,419,362.80. The trade was a 12.87 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 175,177 shares of company stock worth $16,403,728 in the last ninety days. Company insiders own 45.58% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently commented on WMT. Sanford C. Bernstein increased their price objective on Walmart from $98.00 to $102.00 and gave the company an “outperform” rating in a report on Wednesday, November 20th. Telsey Advisory Group increased their price objective on Walmart from $105.00 to $115.00 and gave the company an “outperform” rating in a report on Wednesday. Wells Fargo & Company increased their price objective on Walmart from $100.00 to $108.00 and gave the company an “overweight” rating in a report on Monday, February 3rd. UBS Group increased their price objective on Walmart from $100.00 to $113.00 and gave the company a “buy” rating in a report on Friday, January 31st. Finally, Piper Sandler increased their price objective on Walmart from $83.00 to $93.00 and gave the company an “overweight” rating in a report on Monday, November 18th. Two equities research 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 company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price 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.