Stewart & Patten Co. LLC lessened its position in Walmart Inc (NYSE:WMT) by 6.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,876 shares of the retailer’s stock after selling 200 shares during the period. Stewart & Patten Co. LLC’s holdings in Walmart were worth $342,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently bought and sold shares of WMT. Corbenic Partners LLC bought a new stake in shares of Walmart during the 4th quarter valued at approximately $27,000. Shine Investment Advisory Services Inc. grew its position in Walmart by 181.7% during the third quarter. Shine Investment Advisory Services Inc. now owns 307 shares of the retailer’s stock valued at $36,000 after buying an additional 198 shares during the period. Knuff & Co LLC bought a new position in Walmart during the third quarter valued at about $36,000. Princeton Global Asset Management LLC bought a new position in Walmart during the second quarter worth about $43,000. Finally, Massey Quick Simon & CO. LLC raised its stake in Walmart by 232.7% in the third quarter. Massey Quick Simon & CO. LLC now owns 366 shares of the retailer’s stock valued at $43,000 after purchasing an additional 256 shares in the last quarter. Institutional investors own 30.37% of the company’s stock.
WMT has been the topic of several recent analyst reports. Guggenheim restated a “buy” rating and issued a $135.00 target price (up previously from $125.00) on shares of Walmart in a report on Thursday, November 14th. BMO Capital Markets boosted their target price on Walmart from $125.00 to $140.00 and gave the stock an “outperform” rating in a research report on Friday, November 15th. They noted that the move was a valuation call. Raymond James boosted their price target on Walmart from $120.00 to $130.00 and gave the stock an “outperform” rating in a report on Friday, November 15th. They noted that the move was a valuation call. UBS Group increased their price target on Walmart from $115.00 to $125.00 and gave the company a “neutral” rating in a report on Friday, November 15th. Finally, Credit Suisse Group reissued a “neutral” rating and set a $115.00 price target (up previously from $105.00) on shares of Walmart in a research report on Friday, November 15th. One research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and seventeen have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $124.22.
In related news, EVP Judith J. Mckenna sold 8,300 shares of the firm’s stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $119.21, for a total transaction of $989,443.00. Following the completion of the sale, the executive vice president now directly owns 216,811 shares of the company’s stock, valued at approximately $25,846,039.31. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Marc E. Lore sold 85,000 shares of Walmart stock in a transaction on Tuesday, January 14th. The shares were sold at an average price of $115.91, for a total value of $9,852,350.00. Following the sale, the executive vice president now directly owns 2,783,450 shares of the company’s stock, valued at $322,629,689.50. The disclosure for this sale can be found here. Over the last three months, insiders sold 178,300 shares of company stock worth $21,090,243. Insiders own 51.11% of the company’s stock.
Shares of NYSE WMT traded down $0.83 during midday trading on Friday, hitting $115.07. 161,834 shares of the company’s stock were exchanged, compared to its average volume of 6,218,285. The business’s fifty day moving average price is $118.75 and its two-hundred day moving average price is $116.23. The company has a market cap of $328.24 billion, a price-to-earnings ratio of 23.43, a PEG ratio of 4.70 and a beta of 0.35. Walmart Inc has a 12-month low of $93.11 and a 12-month high of $125.38. The company has a current ratio of 0.81, a quick ratio of 0.20 and a debt-to-equity ratio of 0.83.
Walmart (NYSE:WMT) last announced its earnings results on Thursday, November 14th. The retailer reported $1.16 EPS for the quarter, beating analysts’ consensus estimates of $1.09 by $0.07. The company had revenue of $126.98 billion during the quarter, compared to the consensus estimate of $128.08 billion. Walmart had a return on equity of 18.47% and a net margin of 2.77%. The firm’s revenue for the quarter was up 2.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.08 earnings per share. Equities analysts expect that Walmart Inc will post 4.98 earnings per share for the current fiscal year.
Walmart Company Profile
Walmart Inc engages in the retail and wholesale operations in various formats 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, discount stores, drugstores, and convenience stores; membership-only warehouse clubs; e-commerce Websites, such as walmart.com, jet.com, shoes.com, and samsclub.com; and mobile commerce applications.
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