Phillips Wealth Planners LLC Sells 2,175 Shares of Walmart Inc. (NYSE:WMT)

Phillips Wealth Planners LLC cut its position in shares of Walmart Inc. (NYSE:WMT) by 42.4% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 2,950 shares of the retailer’s stock after selling 2,175 shares during the period. Phillips Wealth Planners LLC’s holdings in Walmart were worth $274,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the company. Point72 Hong Kong Ltd lifted its position in Walmart by 112.3% during the second quarter. Point72 Hong Kong Ltd now owns 49,863 shares of the retailer’s stock valued at $3,376,000 after purchasing an additional 26,379 shares during the last quarter. AXA S.A. grew its position in Walmart by 4.6% in the second quarter. AXA S.A. now owns 856,755 shares of the retailer’s stock worth $58,011,000 after acquiring an additional 37,585 shares in the last quarter. AQR Capital Management LLC increased its stake in Walmart by 5.1% during the second quarter. AQR Capital Management LLC now owns 4,187,908 shares of the retailer’s stock worth $283,563,000 after acquiring an additional 203,626 shares during the last quarter. Employees Retirement System of Texas raised its position in Walmart by 20.9% during the second quarter. Employees Retirement System of Texas now owns 1,465,762 shares of the retailer’s stock valued at $99,247,000 after purchasing an additional 253,762 shares during the period. Finally, Drucker Wealth 3.0 LLC bought a new stake in shares of Walmart in the 2nd quarter valued at approximately $275,000. Institutional investors own 26.76% of the company’s stock.

Walmart Price Performance

Shares of WMT stock opened at $93.75 on Friday. The company has a market cap of $753.12 billion, a P/E ratio of 38.47, a PEG ratio of 4.42 and a beta of 0.55. 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’s 50-day moving average is $91.62 and its 200 day moving average is $81.87. Walmart Inc. has a 1-year low of $53.44 and a 1-year high of $96.18.

Walmart (NYSE:WMT) last issued 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. Walmart had a net margin of 2.92% and a return on equity of 21.78%. The firm had revenue of $169.59 billion for the quarter, compared to the consensus estimate of $167.69 billion. During the same quarter in the previous year, the firm earned $0.51 EPS. The company’s quarterly revenue was up 5.5% compared to the same quarter last year. Research analysts predict that Walmart Inc. will post 2.48 earnings per share for the current fiscal year.

Insider Activity

In related news, EVP Daniel J. Bartlett sold 1,830 shares of the company’s stock in a transaction dated Wednesday, January 15th. The stock was sold at an average price of $91.07, for a total transaction of $166,658.10. Following the transaction, the executive vice president now directly owns 460,705 shares of the company’s stock, valued at $41,956,404.35. This represents a 0.40 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, EVP John D. Rainey sold 3,000 shares of the stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $82.12, for a total value of $246,360.00. Following the completion of the sale, the executive vice president now owns 378,165 shares of the company’s stock, valued at approximately $31,054,909.80. This trade represents a 0.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 97,928 shares of company stock worth $8,978,123. Insiders own 45.58% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on WMT. KeyCorp increased their price target on Walmart from $96.00 to $100.00 and gave the company an “overweight” rating in a report on Wednesday, December 11th. Robert W. Baird increased their target price on shares of Walmart from $90.00 to $100.00 and gave the company an “outperform” rating in a research note on Wednesday, November 20th. Roth Mkm lifted their price target on shares of Walmart from $81.00 to $97.00 and gave the stock a “buy” rating in a research note on Wednesday, November 20th. Telsey Advisory Group increased their price objective on shares of Walmart from $92.00 to $100.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 19th. Finally, UBS Group boosted 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. Two investment analysts have rated the stock with a hold rating, twenty-nine have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Walmart has a consensus rating of “Moderate Buy” and an average target price of $94.69.

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.