Walmart Inc. (NYSE:WMT) Shares Sold by RFP Financial Group LLC

RFP Financial Group LLC reduced its position in shares of Walmart Inc. (NYSE:WMT) by 51.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 28,101 shares of the retailer’s stock after selling 29,301 shares during the period. Walmart makes up about 1.0% of RFP Financial Group LLC’s investment portfolio, making the stock its 22nd largest position. RFP Financial Group LLC’s holdings in Walmart were worth $2,540,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the business. SC&H Financial Advisors Inc. raised its holdings in shares of Walmart by 1.0% in the 4th quarter. SC&H Financial Advisors Inc. now owns 10,232 shares of the retailer’s stock worth $924,000 after purchasing an additional 103 shares in the last quarter. Dakota Community Bank & Trust NA grew its position in Walmart by 4.0% in the fourth quarter. Dakota Community Bank & Trust NA now owns 2,879 shares of the retailer’s stock worth $260,000 after buying an additional 110 shares during the last quarter. Hobart Private Capital LLC lifted its position in shares of Walmart by 1.6% during the 4th quarter. Hobart Private Capital LLC now owns 6,926 shares of the retailer’s stock valued at $626,000 after acquiring an additional 111 shares during the last quarter. Kozak & Associates Inc. lifted its position in shares of Walmart by 22.3% during the 4th quarter. Kozak & Associates Inc. now owns 619 shares of the retailer’s stock valued at $56,000 after acquiring an additional 113 shares during the last quarter. Finally, Summit Financial Wealth Advisors LLC boosted its stake in shares of Walmart by 0.5% during the 3rd quarter. Summit Financial Wealth Advisors LLC now owns 23,720 shares of the retailer’s stock worth $1,915,000 after acquiring an additional 118 shares in the last quarter. 26.76% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

WMT has been the topic of a number of recent analyst reports. Barclays boosted their target price on Walmart from $90.00 to $98.00 and gave the stock an “overweight” rating in a research report on Thursday, January 9th. UBS Group upped their price objective on shares of Walmart from $100.00 to $113.00 and gave the company a “buy” rating in a research note on Friday, January 31st. JPMorgan Chase & Co. lifted their target price on shares of Walmart from $97.00 to $112.00 and gave the stock an “overweight” rating in a research report on Monday. Roth Mkm boosted their price target on shares of Walmart from $81.00 to $97.00 and gave the company a “buy” rating in a report on Wednesday, November 20th. Finally, KeyCorp raised their price objective on shares of Walmart from $96.00 to $100.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 11th. Two research analysts have rated the stock with a hold rating, twenty-nine have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $96.95.

Walmart Price Performance

Shares of NYSE:WMT opened at $102.77 on Tuesday. 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 has a market capitalization of $825.62 billion, a P/E ratio of 42.18, a P/E/G ratio of 4.25 and a beta of 0.55. The business has a 50-day moving average of $94.07 and a two-hundred day moving average of $84.36. Walmart Inc. has a fifty-two week low of $55.85 and a fifty-two week high of $103.11.

Walmart (NYSE:WMT) last announced its earnings results 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 return on equity of 21.78% and a net margin of 2.92%. The firm had revenue of $169.59 billion during the quarter, compared to analysts’ expectations of $167.69 billion. During the same quarter in the prior year, the business earned $0.51 earnings per share. The company’s revenue was up 5.5% on a year-over-year basis. On average, equities research analysts predict that Walmart Inc. will post 2.48 EPS for the current fiscal year.

Insider Activity at Walmart

In other Walmart news, EVP John D. Rainey sold 38,000 shares of the company’s stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $98.80, for a total transaction of $3,754,400.00. Following the completion of the sale, the executive vice president now directly owns 257,281 shares in the company, valued at $25,419,362.80. This represents a 12.87 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP John R. Furner sold 13,125 shares of Walmart stock in a transaction dated Thursday, January 23rd. The stock was sold at an average price of $92.96, for a total value of $1,220,100.00. Following the completion of the transaction, the executive vice president now owns 568,626 shares in the company, valued at $52,859,472.96. The trade was a 2.26 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 175,177 shares of company stock worth $16,403,728. 45.58% of the stock is 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.