Exeter Financial LLC Sells 2,918 Shares of Walmart Inc. (NYSE:WMT)

by · The Cerbat Gem

Exeter Financial LLC lowered its stake in Walmart Inc. (NYSE:WMT – Free Report) by 3.7% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 75,509 shares of the retailer’s stock after selling 2,918 shares during the quarter. Walmart comprises 3.1% of Exeter Financial LLC’s portfolio, making the stock its 6th largest position. Exeter Financial LLC’s holdings in Walmart were worth $6,822,000 as of its most recent filing with the SEC.

Several other hedge funds have also modified their holdings of WMT. Jennison Associates LLC grew its stake in shares of Walmart by 479.6% during the third quarter. Jennison Associates LLC now owns 18,479,259 shares of the retailer’s stock valued at $1,492,200,000 after acquiring an additional 15,290,936 shares in the last quarter. FMR LLC lifted its stake in shares of Walmart by 12.9% in the third quarter. FMR LLC now owns 63,135,639 shares of the retailer’s stock worth $5,098,203,000 after acquiring an additional 7,200,004 shares in the last quarter. International Assets Investment Management LLC boosted its holdings in Walmart by 8,814.4% in the third quarter. International Assets Investment Management LLC now owns 6,963,218 shares of the retailer’s stock valued at $562,280,000 after purchasing an additional 6,885,106 shares during the last quarter. Geode Capital Management LLC boosted its holdings in Walmart by 3.3% in the third quarter. Geode Capital Management LLC now owns 87,617,409 shares of the retailer’s stock valued at $7,048,465,000 after purchasing an additional 2,786,061 shares during the last quarter. Finally, Fisher Asset Management LLC increased its holdings in Walmart by 4.6% during the 3rd quarter. Fisher Asset Management LLC now owns 47,659,844 shares of the retailer’s stock worth $3,848,533,000 after purchasing an additional 2,107,197 shares during the last quarter. 26.76% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the company. UBS Group upped their target price on Walmart from $92.00 to $100.00 and gave the company a “buy” rating in a research report on Wednesday, November 20th. Sanford C. Bernstein increased their price objective on shares of Walmart from $98.00 to $102.00 and gave the company an “outperform” rating in a research note on Wednesday, November 20th. Wells Fargo & Company lifted their price target on Walmart from $96.00 to $100.00 and gave the stock an “overweight” rating in a research note on Friday. Truist Financial increased their target price on Walmart from $89.00 to $98.00 and gave the stock a “buy” rating in a report on Wednesday, November 20th. Finally, Oppenheimer boosted their price target on Walmart from $81.00 to $90.00 and gave the company an “outperform” rating in a report on Monday, October 14th. Two investment 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. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $94.08.

Get Our Latest Report on WMT

Insider Buying and Selling

In related news, CEO C Douglas Mcmillon sold 29,124 shares of Walmart stock in a transaction on Thursday, December 26th. The stock was sold at an average price of $92.35, for a total value of $2,689,601.40. Following the transaction, the chief executive officer now directly owns 3,785,702 shares in the company, valued at $349,609,579.70. The trade was a 0.76 % 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 the business’s stock in a transaction 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 sale, 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 valued at $12,311,491 over the last three months. Company insiders own 45.58% of the company’s stock.

Walmart Trading Down 1.7 %

Walmart stock opened at $91.39 on Tuesday. Walmart Inc. has a 12-month low of $53.44 and a 12-month high of $96.18. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.85 and a quick ratio of 0.23. The stock has a market capitalization of $734.17 billion, a PE ratio of 37.51, a price-to-earnings-growth ratio of 4.47 and a beta of 0.55. The firm has a 50 day simple moving average of $90.56 and a 200-day simple moving average of $80.80.

Walmart (NYSE:WMT – Get Free Report) last issued its quarterly earnings results 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 firm had revenue of $169.59 billion during the quarter, compared to analyst estimates of $167.69 billion. During the same period last year, the company posted $0.51 EPS. The firm’s quarterly revenue was up 5.5% on a year-over-year basis. As a group, equities research analysts expect that Walmart Inc. will post 2.47 EPS for the current fiscal year.

Walmart Company Profile

(Free Report)

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.

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