Pacifica Partners Inc. Sells 5,917 Shares of Walmart Inc. (NYSE:WMT)

Pacifica Partners Inc. lowered its holdings in shares of Walmart Inc. (NYSE:WMT) by 10.0% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 53,337 shares of the retailer’s stock after selling 5,917 shares during the period. Walmart makes up about 2.1% of Pacifica Partners Inc.’s holdings, making the stock its 14th biggest position. Pacifica Partners Inc.’s holdings in Walmart were worth $4,802,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in WMT. Peterson Financial Group Inc. bought a new position in shares of Walmart during the 3rd quarter worth about $26,000. Voisard Asset Management Group Inc. raised its stake in Walmart by 77.3% during the 3rd quarter. Voisard Asset Management Group Inc. now owns 399 shares of the retailer’s stock worth $32,000 after buying an additional 174 shares during the period. Hoese & Co LLP acquired a new position in Walmart during the 3rd quarter worth approximately $33,000. Livelsberger Financial Advisory bought a new position in Walmart in the third quarter worth approximately $36,000. Finally, Hara Capital LLC acquired a new stake in Walmart in the third quarter valued at approximately $37,000. 26.76% of the stock is currently owned by institutional investors.

Walmart Trading Down 0.8 %

Shares of WMT stock opened at $90.79 on Wednesday. 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 firm has a market cap of $729.35 billion, a P/E ratio of 37.26, a price-to-earnings-growth ratio of 4.47 and a beta of 0.55. The business has a 50-day moving average price of $90.70 and a two-hundred day moving average price of $80.96. Walmart Inc. has a 12-month low of $53.44 and a 12-month high of $96.18.

Walmart (NYSE:WMT) last issued its earnings results on Tuesday, November 19th. The retailer reported $0.58 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.53 by $0.05. The business had revenue of $169.59 billion during 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%. Walmart’s revenue for the quarter was up 5.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.51 earnings per share. Equities analysts anticipate that Walmart Inc. will post 2.47 EPS for the current fiscal year.

Analysts Set New Price Targets

WMT has been the topic of a number of research reports. Piper Sandler upped their target price on Walmart from $83.00 to $93.00 and gave the stock an “overweight” rating in a research report on Monday, November 18th. Telsey Advisory Group upped their price objective on shares of Walmart from $92.00 to $100.00 and gave the stock an “outperform” rating in a report on Tuesday, November 19th. Evercore ISI lifted their price objective on shares of Walmart from $94.00 to $96.00 and gave the company an “outperform” rating in a report on Tuesday, December 3rd. StockNews.com lowered shares of Walmart from a “strong-buy” rating to a “buy” rating in a report on Wednesday, November 20th. Finally, Barclays lifted their price target on Walmart from $90.00 to $98.00 and gave the company an “overweight” rating in a research note on Thursday, January 9th. Two investment 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 MarketBeat.com, Walmart presently has a consensus rating of “Moderate Buy” and an average target price of $94.08.

Insider Buying and Selling

In related news, EVP John D. Rainey sold 3,000 shares of the stock in a transaction dated Friday, November 1st. The stock was sold at an average price of $82.12, for a total transaction 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 $31,054,909.80. This represents a 0.79 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP John R. Furner sold 13,125 shares of Walmart stock in a transaction that occurred on Thursday, December 26th. The stock was sold at an average price of $92.60, for a total value of $1,215,375.00. Following the completion of the transaction, the executive vice president now directly owns 566,794 shares in the company, valued at $52,485,124.40. This trade represents a 2.26 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 138,347 shares of company stock worth $12,311,491 in the last 90 days. 45.58% of the stock is owned by company insiders.

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.