Octavia Wealth Advisors LLC Sells 726 Shares of Walmart Inc. (NYSE:WMT)

Octavia Wealth Advisors LLC reduced its position in Walmart Inc. (NYSE:WMT) by 1.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 47,749 shares of the retailer’s stock after selling 726 shares during the quarter. Octavia Wealth Advisors LLC’s holdings in Walmart were worth $4,324,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of WMT. Peterson Financial Group Inc. bought a new position in Walmart in the 3rd quarter worth $26,000. Voisard Asset Management Group Inc. boosted its stake in shares of Walmart by 77.3% in the third quarter. Voisard Asset Management Group Inc. now owns 399 shares of the retailer’s stock worth $32,000 after acquiring an additional 174 shares during the period. Decker Retirement Planning Inc. bought a new position in shares of Walmart in the fourth quarter worth about $32,000. Hoese & Co LLP purchased a new position in Walmart in the 3rd quarter worth approximately $33,000. Finally, Livelsberger Financial Advisory purchased a new position in Walmart in the 3rd quarter worth approximately $36,000. 26.76% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Walmart

In related news, EVP John D. Rainey sold 3,000 shares of the stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $92.47, for a total value of $277,410.00. Following the transaction, the executive vice president now owns 375,165 shares in the company, valued at approximately $34,691,507.55. This represents a 0.79 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP John R. Furner sold 13,125 shares of Walmart stock in a transaction dated Thursday, December 26th. The shares were sold at an average price of $92.60, for a total value of $1,215,375.00. Following the transaction, the executive vice president now owns 566,794 shares of the company’s stock, valued at $52,485,124.40. The trade was a 2.26 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 97,928 shares of company stock valued at $8,978,123. Company insiders own 45.58% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the stock. StockNews.com cut shares of Walmart from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, November 20th. Roth Mkm increased their price objective on shares of Walmart from $81.00 to $97.00 and gave the company a “buy” rating in a report on Wednesday, November 20th. Morgan Stanley lifted their target price on Walmart from $100.00 to $106.00 and gave the stock an “overweight” rating in a report on Tuesday. Tigress Financial increased their price target on Walmart from $86.00 to $115.00 and gave the company a “buy” rating in a research note on Friday, December 13th. Finally, Piper Sandler lifted their price objective on Walmart from $83.00 to $93.00 and gave the stock an “overweight” rating in a research note on Monday, November 18th. 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 stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $94.69.

Walmart Stock Performance

Walmart stock opened at $93.26 on Thursday. Walmart Inc. has a fifty-two week low of $53.44 and a fifty-two week high of $96.18. The company has a market capitalization of $749.19 billion, a PE ratio of 38.27, a P/E/G ratio of 4.36 and a beta of 0.55. The company has a 50 day moving average price of $91.47 and a 200-day moving average price of $81.79. 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 issued 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. The business had revenue of $169.59 billion during the quarter, compared to analysts’ expectations of $167.69 billion. Walmart had a return on equity of 21.78% and a net margin of 2.92%. The business’s revenue for the quarter was up 5.5% compared to the same quarter last year. During the same period in the prior year, the business earned $0.51 EPS. As a group, equities analysts forecast that Walmart Inc. will post 2.47 earnings per share for the current year.

Walmart Company 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.