Walmart Inc. (NYSE:WMT) Shares Sold by Eagle Bluffs Wealth Management LLC

Eagle Bluffs Wealth Management LLC trimmed its holdings in Walmart Inc. (NYSE:WMT) by 7.3% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 38,106 shares of the retailer’s stock after selling 2,979 shares during the period. Walmart accounts for about 1.9% of Eagle Bluffs Wealth Management LLC’s holdings, making the stock its 16th biggest holding. Eagle Bluffs Wealth Management LLC’s holdings in Walmart were worth $3,451,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Peterson Financial Group Inc. acquired a new stake in shares of Walmart during the third quarter valued at about $26,000. Fiduciary Advisors Inc. acquired a new stake in shares of Walmart during the fourth quarter valued at about $27,000. Voisard Asset Management Group Inc. increased its position in shares of Walmart by 77.3% during the third 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 during the last quarter. Decker Retirement Planning Inc. acquired a new stake in shares of Walmart during the fourth quarter valued at about $32,000. Finally, Hoese & Co LLP acquired a new stake in shares of Walmart during the third quarter valued at about $33,000. 26.76% of the stock is currently owned by institutional investors and hedge funds.

Walmart Trading Up 1.5 %

Shares of NYSE WMT opened at $99.60 on Tuesday. The stock has a market cap of $800.13 billion, a price-to-earnings ratio of 40.88, a PEG ratio of 4.49 and a beta of 0.55. The business has a 50 day simple moving average of $93.07 and a 200 day simple moving average of $83.27. Walmart Inc. has a 52 week low of $55.85 and a 52 week high of $99.79. 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 earnings per share for the quarter, topping 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 firm had revenue of $169.59 billion during the quarter, compared to analyst estimates of $167.69 billion. During the same period in the previous year, the company earned $0.51 EPS. The company’s revenue for the quarter was up 5.5% on a year-over-year basis. On average, research analysts predict that Walmart Inc. will post 2.48 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts have weighed in on WMT shares. Tigress Financial lifted their price target on shares of Walmart from $86.00 to $115.00 and gave the company a “buy” rating in a research report on Friday, December 13th. TD Cowen raised their price objective on shares of Walmart from $90.00 to $100.00 and gave the company a “buy” rating in a research note on Wednesday, November 20th. DZ Bank lowered shares of Walmart from a “buy” rating to a “hold” rating and set a $91.00 price objective for the company. in a research note on Thursday, November 21st. KeyCorp raised their price objective on shares of Walmart from $96.00 to $100.00 and gave the company an “overweight” rating in a research note on Wednesday, December 11th. Finally, Roth Mkm raised their price objective on shares of Walmart from $81.00 to $97.00 and gave the company a “buy” rating in a research note on Wednesday, November 20th. 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 company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $95.37.

Insider Transactions at Walmart

In other news, CEO C Douglas Mcmillon sold 29,124 shares of the business’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 transaction of $2,663,098.56. Following the sale, the chief executive officer now directly owns 3,814,805 shares in the company, valued at approximately $348,825,769.20. The trade was a 0.76 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP John R. Furner sold 13,125 shares of the business’s stock in a transaction that occurred on Thursday, January 23rd. The shares were sold at an average price of $92.96, for a total value of $1,220,100.00. Following the sale, the executive vice president now owns 568,626 shares in the company, valued at approximately $52,859,472.96. This represents a 2.26 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 137,177 shares of company stock worth $12,649,328 over the last three months. 45.58% of the stock is currently owned by 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.