Avaii Wealth Management LLC Has $268,000 Position in Walmart Inc. (NYSE:WMT)

Avaii Wealth Management LLC lessened its position in shares of Walmart Inc. (NYSE:WMT) by 16.9% during the 4th quarter, HoldingsChannel reports. The fund owned 2,962 shares of the retailer’s stock after selling 601 shares during the quarter. Avaii Wealth Management LLC’s holdings in Walmart were worth $268,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Peterson Financial Group Inc. acquired a new position in shares of Walmart during the third quarter valued at $26,000. Voisard Asset Management Group Inc. lifted its stake in Walmart by 77.3% in the third quarter. Voisard Asset Management Group Inc. now owns 399 shares of the retailer’s stock valued at $32,000 after buying an additional 174 shares during the period. Decker Retirement Planning Inc. acquired a new position in Walmart in the fourth quarter valued at about $32,000. Hoese & Co LLP acquired a new position in Walmart in the third quarter valued at about $33,000. Finally, Livelsberger Financial Advisory acquired a new position in Walmart in the third quarter valued at about $36,000. Institutional investors and hedge funds own 26.76% of the company’s stock.

Analyst Ratings Changes

WMT has been the topic of several analyst reports. Jefferies Financial Group increased their target price on Walmart from $105.00 to $111.00 and gave the company a “buy” rating in a research note on Tuesday, December 17th. StockNews.com lowered Walmart from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, November 20th. KeyCorp increased their target price on Walmart from $96.00 to $100.00 and gave the company an “overweight” rating in a research note on Wednesday, December 11th. Piper Sandler increased their price target on Walmart from $83.00 to $93.00 and gave the stock an “overweight” rating in a report on Monday, November 18th. Finally, Royal Bank of Canada restated an “outperform” rating and issued a $105.00 price target on shares of Walmart in a report on Wednesday, January 15th. Two analysts have rated the stock with a hold rating, twenty-nine have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Walmart presently has a consensus rating of “Moderate Buy” and an average price target of $94.69.

Walmart Stock Up 2.8 %

WMT stock opened at $97.39 on Tuesday. Walmart Inc. has a twelve month low of $54.51 and a twelve month high of $97.46. The company has a market cap of $782.38 billion, a price-to-earnings ratio of 39.97, a P/E/G ratio of 4.42 and a beta of 0.55. The business has a 50 day moving average price of $92.02 and a two-hundred day moving average price of $82.29. The company has a quick ratio of 0.23, a current ratio of 0.85 and a debt-to-equity ratio of 0.42.

Walmart (NYSE:WMT) last released its quarterly earnings data on Tuesday, November 19th. The retailer reported $0.58 earnings per share (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 company had revenue of $169.59 billion during the quarter, compared to analysts’ expectations of $167.69 billion. During the same period last year, the firm posted $0.51 earnings per share. The business’s revenue was up 5.5% on a year-over-year basis. Analysts anticipate that Walmart Inc. will post 2.48 EPS for the current fiscal year.

Insider Activity

In other news, CEO C Douglas Mcmillon sold 29,124 shares of the firm’s stock in a transaction that occurred on Wednesday, November 27th. The stock was sold at an average price of $91.44, for a total value of $2,663,098.56. Following the completion of the sale, the chief executive officer now directly owns 3,814,805 shares of the company’s stock, valued at $348,825,769.20. This trade represents a 0.76 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Robert Edward Jr. Moritz acquired 5,446 shares of the business’s stock in a transaction dated Wednesday, November 27th. The stock was acquired at an average cost of $91.81 per share, with a total value of $499,997.26. Following the completion of the transaction, the director now owns 7,805 shares of the company’s stock, valued at approximately $716,577.05. The trade was a 230.86 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders sold a total of 140,177 shares of company stock valued at $12,895,688 over the last three months. Insiders own 45.58% of the company’s stock.

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.