Walmart Inc. (NYSE:WMT) Shares Sold by Edge Financial Advisors LLC

Edge Financial Advisors LLC trimmed its holdings in shares of Walmart Inc. (NYSE:WMT) by 7.8% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 3,943 shares of the retailer’s stock after selling 335 shares during the period. Edge Financial Advisors LLC’s holdings in Walmart were worth $356,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Peterson Financial Group Inc. acquired a new position in shares of Walmart during the third quarter valued at $26,000. Voisard Asset Management Group Inc. grew its holdings in Walmart by 77.3% during 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. acquired a new position in Walmart during the fourth quarter worth about $32,000. Hoese & Co LLP acquired a new position in Walmart during the third quarter worth about $33,000. Finally, Livelsberger Financial Advisory acquired a new position in Walmart during the third quarter worth about $36,000. 26.76% of the stock is owned by institutional investors and hedge funds.

Walmart Stock Up 1.1 %

Shares of Walmart stock opened at $94.84 on Friday. The firm has a market cap of $761.90 billion, a price-to-earnings ratio of 38.92, a P/E/G 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. Walmart Inc. has a 52-week low of $53.47 and a 52-week high of $96.18. The stock has a 50-day simple moving average of $91.81 and a 200-day simple moving average of $81.95.

Walmart (NYSE:WMT) last announced its quarterly earnings results on Tuesday, November 19th. The retailer reported $0.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.53 by $0.05. Walmart had a return on equity of 21.78% and a net margin of 2.92%. The business had revenue of $169.59 billion during the quarter, compared to analyst estimates of $167.69 billion. During the same period in the previous year, the company earned $0.51 EPS. The firm’s revenue was up 5.5% on a year-over-year basis. On average, equities research analysts expect that Walmart Inc. will post 2.48 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the company. StockNews.com lowered Walmart from a “strong-buy” rating to a “buy” rating in a report on Wednesday, November 20th. Piper Sandler lifted their target price on Walmart from $83.00 to $93.00 and gave the stock an “overweight” rating in a report on Monday, November 18th. Citigroup lifted their target price on Walmart from $75.00 to $98.00 and gave the stock a “buy” rating in a report on Friday, September 27th. Sanford C. Bernstein lifted their price target on Walmart from $98.00 to $102.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 20th. Finally, BMO Capital Markets lifted their price target on Walmart from $80.00 to $100.00 and gave the stock an “outperform” rating in a research note on Monday, November 18th. Two research analysts have rated the stock with a hold rating, twenty-nine have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, Walmart presently has a consensus rating of “Moderate Buy” and an average target price of $94.69.

Insider Buying and Selling

In related news, CEO C Douglas Mcmillon sold 29,124 shares of the business’s stock in a transaction that occurred on Thursday, January 23rd. The stock was sold at an average price of $92.62, for a total value of $2,697,464.88. Following the completion of the sale, the chief executive officer now directly owns 3,766,491 shares in the company, valued at approximately $348,852,396.42. The trade was a 0.77 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Robert Edward Jr. Moritz bought 5,446 shares of Walmart stock in a transaction that occurred on Wednesday, November 27th. The stock was bought 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 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. In the last ninety days, insiders sold 140,177 shares of company stock worth $12,895,688. 45.58% of the stock is currently owned by insiders.

About Walmart

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.