Bill Few Associates Inc. Sells 370 Shares of Walmart Inc. (NYSE:WMT)

Bill Few Associates Inc. lowered its stake in Walmart Inc. (NYSE:WMT) by 1.9% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 18,659 shares of the retailer’s stock after selling 370 shares during the quarter. Bill Few Associates Inc.’s holdings in Walmart were worth $1,686,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Brophy Wealth Management LLC bought a new stake in Walmart in the third quarter valued at approximately $2,072,000. Bank of New Hampshire lifted its position in Walmart by 13.7% in the fourth quarter. Bank of New Hampshire now owns 47,949 shares of the retailer’s stock valued at $4,332,000 after purchasing an additional 5,786 shares during the last quarter. Iowa State Bank lifted its position in Walmart by 213.8% in the fourth quarter. Iowa State Bank now owns 26,807 shares of the retailer’s stock valued at $2,422,000 after purchasing an additional 18,263 shares during the last quarter. Fisher Asset Management LLC lifted its position in Walmart by 4.6% in the third quarter. Fisher Asset Management LLC now owns 47,659,844 shares of the retailer’s stock valued at $3,848,533,000 after purchasing an additional 2,107,197 shares during the last quarter. Finally, Virtu Financial LLC bought a new stake in Walmart in the third quarter valued at approximately $541,000. Institutional investors own 26.76% of the company’s stock.

Insider Activity at Walmart

In other Walmart 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 value of $246,360.00. Following the transaction, the executive vice president now owns 378,165 shares of the company’s stock, valued at approximately $31,054,909.80. This represents a 0.79 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO C Douglas Mcmillon sold 29,124 shares of the stock in a transaction dated Wednesday, November 27th. The shares were sold at an average price of $91.44, for a total value of $2,663,098.56. Following the completion of the transaction, the chief executive officer now directly owns 3,814,805 shares in the company, valued at approximately $348,825,769.20. This represents a 0.76 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 140,177 shares of company stock valued at $12,895,688 over the last ninety days. Insiders own 45.58% of the company’s stock.

Walmart Trading Up 1.1 %

Walmart stock opened at $94.84 on Friday. 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 Inc. has a one year low of $53.47 and a one year high of $96.18. The stock has a market capitalization of $761.90 billion, a PE ratio of 38.92, a price-to-earnings-growth ratio of 4.42 and a beta of 0.55. The business’s fifty day moving average is $91.81 and its 200 day moving average is $81.95.

Walmart (NYSE:WMT) last released its quarterly earnings data on Tuesday, November 19th. The retailer reported $0.58 EPS for the quarter, beating the consensus estimate of $0.53 by $0.05. Walmart had a return on equity of 21.78% and a net margin of 2.92%. The company 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 posted $0.51 earnings per share. Walmart’s revenue was up 5.5% compared to the same quarter last year. On average, sell-side analysts predict that Walmart Inc. will post 2.48 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on WMT shares. TD Cowen upped their target price on Walmart from $90.00 to $100.00 and gave the company a “buy” rating in a report on Wednesday, November 20th. Guggenheim upped their target price on Walmart from $90.00 to $100.00 and gave the company a “buy” rating in a report on Wednesday, November 20th. Piper Sandler upped their target price on Walmart from $83.00 to $93.00 and gave the company an “overweight” rating in a report on Monday, November 18th. BMO Capital Markets upped their target price on Walmart from $80.00 to $100.00 and gave the company an “outperform” rating in a report on Monday, November 18th. Finally, Truist Financial upped their target price on Walmart from $89.00 to $98.00 and gave the company a “buy” rating in a report on Wednesday, November 20th. Two analysts have rated the stock with a hold rating, twenty-nine have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus 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.