Sugarloaf Wealth Management LLC Lowers Stake in Walmart Inc. (NYSE:WMT)

Sugarloaf Wealth Management LLC cut its holdings in shares of Walmart Inc. (NYSE:WMT) by 18.5% during the fourth quarter, Holdings Channel reports. The firm owned 57,348 shares of the retailer’s stock after selling 13,008 shares during the quarter. Walmart comprises about 0.9% of Sugarloaf Wealth Management LLC’s holdings, making the stock its 18th largest position. Sugarloaf Wealth Management LLC’s holdings in Walmart were worth $5,181,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Brophy Wealth Management LLC purchased a new position in shares of Walmart during the third quarter worth about $2,072,000. Bank of New Hampshire lifted its position in shares of Walmart by 13.7% during the 4th quarter. Bank of New Hampshire now owns 47,949 shares of the retailer’s stock valued at $4,332,000 after acquiring an additional 5,786 shares during the period. Iowa State Bank boosted its stake in shares of Walmart by 213.8% during the 4th quarter. Iowa State Bank now owns 26,807 shares of the retailer’s stock worth $2,422,000 after purchasing an additional 18,263 shares during the last quarter. Fisher Asset Management LLC boosted its holdings in shares of Walmart by 4.6% in the 3rd 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 purchased a new position in shares of Walmart in the 3rd quarter valued at $541,000. Hedge funds and other institutional investors own 26.76% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on WMT shares. Sanford C. Bernstein upped their target price on Walmart from $98.00 to $102.00 and gave the company an “outperform” rating in a research report on Wednesday, November 20th. Piper Sandler increased their price objective on shares of Walmart from $83.00 to $93.00 and gave the stock an “overweight” rating in a report on Monday, November 18th. BMO Capital Markets boosted their price target on Walmart from $80.00 to $100.00 and gave the stock an “outperform” rating in a research report on Monday, November 18th. Oppenheimer boosted their target price on Walmart from $81.00 to $90.00 and gave the stock an “outperform” rating in a report on Monday, October 14th. Finally, Tigress Financial boosted their target price on shares of Walmart from $86.00 to $115.00 and gave the stock a “buy” rating in a report on Friday, December 13th. Two research analysts have rated the stock with a hold rating, twenty-nine have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Walmart has a consensus rating of “Moderate Buy” and an average target price of $94.08.

Walmart Stock Performance

NYSE WMT traded up $1.67 on Friday, hitting $93.47. 11,966,674 shares of the stock traded hands, compared to its average volume of 12,693,666. Walmart Inc. has a 12 month low of $53.39 and a 12 month high of $96.18. The business’s fifty day moving average is $90.16 and its two-hundred day moving average is $80.29. The firm has a market capitalization of $750.88 billion, a price-to-earnings ratio of 38.36, a PEG ratio of 4.47 and a beta of 0.55. 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 released its quarterly earnings data on Tuesday, November 19th. The retailer reported $0.58 EPS for the quarter, beating analysts’ consensus estimates of $0.53 by $0.05. Walmart had a net margin of 2.92% and a return on equity of 21.78%. The company had revenue of $169.59 billion during the quarter, compared to analyst estimates of $167.69 billion. During the same period last year, the business earned $0.51 earnings per share. Walmart’s revenue was up 5.5% compared to the same quarter last year. As a group, equities analysts anticipate that Walmart Inc. will post 2.47 EPS for the current fiscal year.

Insider Activity

In other news, Director Robert Edward Jr. Moritz bought 5,446 shares of the stock in a transaction that occurred on Wednesday, November 27th. The shares were bought at an average price of $91.81 per share, for a total transaction of $499,997.26. Following the purchase, the director now owns 7,805 shares in the company, valued at $716,577.05. This represents a 230.86 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available through this link. Also, CEO C Douglas Mcmillon sold 29,124 shares of the company’s stock in a transaction that occurred on Thursday, October 24th. The stock was sold at an average price of $82.79, for a total value of $2,411,175.96. Following the completion of the transaction, the chief executive officer now owns 3,843,929 shares of the company’s stock, valued at $318,238,881.91. The trade was a 0.75 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 140,412 shares of company stock valued at $12,478,116. 45.58% of the stock is currently owned by insiders.

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.