Tlwm Sells 4,679 Shares of Walmart Inc. (NYSE:WMT)

by · The Markets Daily

Tlwm cut its position in Walmart Inc. (NYSE:WMT – Free Report) by 18.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 20,228 shares of the retailer’s stock after selling 4,679 shares during the quarter. Walmart accounts for about 0.4% of Tlwm’s holdings, making the stock its 22nd biggest holding. Tlwm’s holdings in Walmart were worth $1,828,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Peterson Financial Group Inc. bought a new position in Walmart in the 3rd quarter valued at approximately $26,000. Voisard Asset Management Group Inc. increased its position in Walmart by 77.3% in the 3rd 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 period. Hoese & Co LLP acquired a new position in Walmart in the 3rd quarter valued at approximately $33,000. Livelsberger Financial Advisory acquired a new position in shares of Walmart during the third quarter worth $36,000. Finally, Hara Capital LLC bought a new stake in shares of Walmart in the third quarter worth $37,000. 26.76% of the stock is owned by institutional investors and hedge funds.

Walmart Stock Down 0.8 %

Shares of NYSE:WMT opened at $90.79 on Wednesday. The business’s 50 day moving average is $90.70 and its 200 day moving average is $80.96. Walmart Inc. has a 12-month low of $53.44 and a 12-month high of $96.18. The stock has a market cap of $729.35 billion, a price-to-earnings ratio of 37.26, a PEG ratio of 4.47 and a beta of 0.55. 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 – Get Free Report) last posted its quarterly earnings data on Tuesday, November 19th. The retailer reported $0.58 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.53 by $0.05. The firm had revenue of $169.59 billion for the quarter, compared to the consensus estimate of $167.69 billion. Walmart had a net margin of 2.92% and a return on equity of 21.78%. The business’s revenue for the quarter was up 5.5% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.51 EPS. On average, sell-side analysts forecast that Walmart Inc. will post 2.47 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several brokerages recently issued reports on WMT. Morgan Stanley raised their target price on Walmart from $89.00 to $100.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 20th. 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. Oppenheimer raised their price target on shares of Walmart from $81.00 to $90.00 and gave the stock an “outperform” rating in a report on Monday, October 14th. Redburn Atlantic upgraded shares of Walmart to a “strong-buy” rating in a research report on Monday, September 23rd. Finally, Citigroup increased their price objective on shares of Walmart from $75.00 to $98.00 and gave the stock a “buy” rating in a research report on Friday, September 27th. Two equities research analysts have rated the stock with a hold rating, twenty-nine have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $94.08.

Get Our Latest Stock Analysis on WMT

Insider Buying and Selling at Walmart

In other news, EVP John D. Rainey sold 3,000 shares of the firm’s stock in a transaction on Friday, November 1st. The stock was sold at an average price of $82.12, for a total transaction of $246,360.00. Following the completion of the sale, the executive vice president now directly owns 378,165 shares of the company’s stock, valued at $31,054,909.80. This trade represents a 0.79 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO C Douglas Mcmillon sold 29,124 shares of the business’s stock in a transaction dated Thursday, October 24th. The stock was sold at an average price of $82.79, for a total transaction of $2,411,175.96. Following the completion of the transaction, the chief executive officer now directly owns 3,843,929 shares in the company, valued at $318,238,881.91. This trade represents a 0.75 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 138,347 shares of company stock worth $12,311,491. Insiders own 45.58% of the company’s stock.

Walmart 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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