International Assets Investment Management LLC Decreases Stock Holdings in Walmart Inc. (NYSE:WMT)

International Assets Investment Management LLC cut its stake in Walmart Inc. (NYSE:WMT) by 98.8% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 82,923 shares of the retailer’s stock after selling 6,880,295 shares during the quarter. International Assets Investment Management LLC’s holdings in Walmart were worth $7,463,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Peterson Financial Group Inc. acquired a new position in Walmart during the third quarter worth $26,000. Voisard Asset Management Group Inc. increased its position 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 valued at $32,000 after buying an additional 174 shares in the last quarter. Hoese & Co LLP acquired a new position in shares of Walmart during the 3rd quarter worth $33,000. Livelsberger Financial Advisory acquired a new stake in Walmart in the 3rd quarter valued at about $36,000. Finally, Hara Capital LLC acquired a new position in Walmart during the third quarter worth about $37,000. 26.76% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other Walmart news, EVP John D. Rainey sold 3,000 shares of the firm’s stock in a transaction on Friday, November 1st. The shares were sold at an average price of $82.12, for a total transaction of $246,360.00. Following the completion of the transaction, the executive vice president now directly owns 378,165 shares of the company’s stock, valued at $31,054,909.80. This trade represents a 0.79 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Daniel J. Bartlett sold 2,065 shares of the company’s stock in a transaction dated Tuesday, October 15th. The shares were sold at an average price of $80.69, for a total transaction of $166,624.85. Following the completion of the sale, the executive vice president now owns 457,493 shares in the company, valued at approximately $36,915,110.17. This trade represents a 0.45 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 140,412 shares of company stock worth $12,478,116 over the last ninety days. Corporate insiders own 45.58% of the company’s stock.

Wall Street Analyst Weigh In

WMT has been the topic of several research reports. Sanford C. Bernstein increased their price target on shares of Walmart from $98.00 to $102.00 and gave the company an “outperform” rating in a research report on Wednesday, November 20th. Guggenheim increased their target price on Walmart from $90.00 to $100.00 and gave the company a “buy” rating in a report on Wednesday, November 20th. TD Cowen boosted their price target on Walmart from $90.00 to $100.00 and gave the stock a “buy” rating in a report on Wednesday, November 20th. Truist Financial increased their price objective on Walmart from $89.00 to $98.00 and gave the company a “buy” rating in a research note on Wednesday, November 20th. Finally, Barclays boosted their target price on shares of Walmart from $78.00 to $90.00 and gave the company an “overweight” rating in a research note on Friday, November 22nd. Two investment analysts have rated the stock with a hold rating, twenty-nine have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Walmart has a consensus rating of “Moderate Buy” and an average price target of $93.69.

Walmart Stock Up 0.2 %

Shares of WMT traded up $0.22 during midday trading on Wednesday, reaching $91.03. 1,633,789 shares of the company were exchanged, compared to its average volume of 10,481,730. The company has a current ratio of 0.85, a quick ratio of 0.23 and a debt-to-equity ratio of 0.42. Walmart Inc. has a 1-year low of $52.58 and a 1-year high of $96.18. The company has a market cap of $731.28 billion, a price-to-earnings ratio of 37.36, a P/E/G ratio of 4.47 and a beta of 0.55. The stock has a 50-day moving average price of $89.76 and a 200-day moving average price of $80.13.

Walmart (NYSE:WMT) last released its quarterly earnings results on Tuesday, November 19th. The retailer reported $0.58 earnings per share 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 EPS. Walmart’s quarterly revenue was up 5.5% compared to the same quarter last year. Research analysts expect 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.