Walmart Inc. (NYSE:WMT) Shares Sold by Phoenix Wealth Advisors

Phoenix Wealth Advisors cut its stake in shares of Walmart Inc. (NYSE:WMT) by 3.8% in the 4th quarter, Holdings Channel.com reports. The firm owned 46,124 shares of the retailer’s stock after selling 1,841 shares during the period. Walmart makes up 1.8% of Phoenix Wealth Advisors’ portfolio, making the stock its 14th largest holding. Phoenix Wealth Advisors’ holdings in Walmart were worth $4,167,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Advisory Alpha LLC lifted its holdings in Walmart by 3.5% in the fourth quarter. Advisory Alpha LLC now owns 29,408 shares of the retailer’s stock valued at $2,657,000 after acquiring an additional 988 shares during the period. West Branch Capital LLC raised its stake in shares of Walmart by 4.5% during the 4th quarter. West Branch Capital LLC now owns 69,915 shares of the retailer’s stock worth $6,317,000 after buying an additional 3,034 shares during the last quarter. Missouri Trust & Investment Co raised its stake in shares of Walmart by 2.6% during the 4th quarter. Missouri Trust & Investment Co now owns 21,860 shares of the retailer’s stock worth $1,975,000 after buying an additional 555 shares during the last quarter. XML Financial LLC raised its stake in shares of Walmart by 8.4% during the 4th quarter. XML Financial LLC now owns 26,568 shares of the retailer’s stock worth $2,400,000 after buying an additional 2,053 shares during the last quarter. Finally, Nisa Investment Advisors LLC increased its position in Walmart by 16.7% during the 4th quarter. Nisa Investment Advisors LLC now owns 1,568,029 shares of the retailer’s stock worth $141,994,000 after purchasing an additional 224,699 shares in the last quarter. 26.76% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Walmart

In other news, EVP John D. Rainey sold 3,000 shares of the business’s stock in a transaction that occurred on Friday, November 1st. The stock was 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 directly owns 378,165 shares in the company, valued at approximately $31,054,909.80. The trade was a 0.79 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Robert Edward Jr. Moritz purchased 5,446 shares of the stock in a transaction dated Wednesday, November 27th. The stock was purchased at an average price of $91.81 per share, with a total value of $499,997.26. Following the completion of the acquisition, the director now directly owns 7,805 shares in the company, valued at approximately $716,577.05. The trade was a 230.86 % increase in their position. The disclosure for this purchase can be found here. Insiders have sold a total of 97,928 shares of company stock valued at $8,978,123 in the last three months. Corporate insiders own 45.58% of the company’s stock.

Walmart Stock Performance

Shares of WMT opened at $93.75 on Friday. The business’s 50 day moving average is $91.62 and its two-hundred day moving average is $81.87. Walmart Inc. has a 52-week low of $53.44 and a 52-week high of $96.18. The firm has a market cap of $753.12 billion, a price-to-earnings ratio of 38.47, a PEG ratio of 4.42 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) last announced its 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 company had revenue of $169.59 billion for the quarter, compared to analyst estimates of $167.69 billion. During the same period in the prior year, the company posted $0.51 EPS. Walmart’s quarterly revenue was up 5.5% on a year-over-year basis. Analysts forecast that Walmart Inc. will post 2.47 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts recently commented on the company. Guggenheim lifted their price objective on Walmart from $90.00 to $100.00 and gave the stock a “buy” rating in a research report on Wednesday, November 20th. Barclays lifted their price target on Walmart from $90.00 to $98.00 and gave the company an “overweight” rating in a report on Thursday, January 9th. StockNews.com cut Walmart from a “strong-buy” rating to a “buy” rating in a report on Wednesday, November 20th. Morgan Stanley lifted their price target on Walmart from $100.00 to $106.00 and gave the company an “overweight” rating in a report on Tuesday. Finally, KeyCorp lifted 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. Two 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 company’s stock. According to data from MarketBeat, Walmart currently has an average rating of “Moderate Buy” and a consensus price target of $94.69.

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.