Bridge Creek Capital Management LLC Has $5.61 Million Stock Position in Walmart Inc. (NYSE:WMT)

Bridge Creek Capital Management LLC lessened its position in shares of Walmart Inc. (NYSE:WMT) by 0.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 62,085 shares of the retailer’s stock after selling 505 shares during the quarter. Walmart comprises about 1.7% of Bridge Creek Capital Management LLC’s investment portfolio, making the stock its 16th largest position. Bridge Creek Capital Management LLC’s holdings in Walmart were worth $5,609,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in the company. Geode Capital Management LLC boosted its stake in shares of Walmart by 3.3% in the 3rd quarter. Geode Capital Management LLC now owns 87,617,409 shares of the retailer’s stock valued at $7,048,465,000 after purchasing an additional 2,786,061 shares during the last quarter. FMR LLC lifted its holdings in Walmart by 12.9% in the third quarter. FMR LLC now owns 63,135,639 shares of the retailer’s stock valued at $5,098,203,000 after buying an additional 7,200,004 shares during the period. Fisher Asset Management LLC boosted its stake in Walmart by 4.6% in the third quarter. Fisher Asset Management LLC now owns 47,659,844 shares of the retailer’s stock valued at $3,848,533,000 after acquiring an additional 2,107,197 shares during the last quarter. Franklin Resources Inc. grew its holdings in Walmart by 3.7% during the 3rd quarter. Franklin Resources Inc. now owns 41,501,782 shares of the retailer’s stock worth $3,392,658,000 after acquiring an additional 1,480,927 shares during the period. Finally, Legal & General Group Plc raised its position in shares of Walmart by 1.8% during the 2nd quarter. Legal & General Group Plc now owns 36,282,740 shares of the retailer’s stock valued at $2,456,704,000 after acquiring an additional 644,353 shares during the last quarter. Institutional investors own 26.76% of the company’s stock.

Wall Street Analysts Forecast Growth

WMT has been the topic of several recent research reports. Barclays raised their price target on Walmart from $90.00 to $98.00 and gave the stock an “overweight” rating in a research report on Thursday. Citigroup boosted their target price on Walmart from $75.00 to $98.00 and gave the stock a “buy” rating in a research report on Friday, September 27th. Robert W. Baird increased their price target on shares of Walmart from $90.00 to $100.00 and gave the company an “outperform” rating in a research report on Wednesday, November 20th. BMO Capital Markets boosted their price objective on shares of Walmart from $80.00 to $100.00 and gave the company an “outperform” rating in a report on Monday, November 18th. Finally, TD Cowen increased their target price on shares of Walmart from $90.00 to $100.00 and gave the stock a “buy” rating in a report on Wednesday, November 20th. Two equities research 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 company’s stock. Based on data from MarketBeat, Walmart has an average rating of “Moderate Buy” and a consensus target price of $94.08.

Insider Activity

In other Walmart news, EVP Daniel J. Bartlett sold 2,065 shares of the business’s stock in a transaction dated Tuesday, October 15th. The shares were sold at an average price of $80.69, for a total value of $166,624.85. Following the completion of the sale, the executive vice president now owns 457,493 shares of the company’s stock, valued at $36,915,110.17. The trade was a 0.45 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Robert Edward Jr. Moritz bought 5,446 shares of the firm’s stock in a transaction on Wednesday, November 27th. The shares were acquired at an average price of $91.81 per share, for a total transaction of $499,997.26. Following the transaction, the director now owns 7,805 shares in the company, valued at approximately $716,577.05. This represents a 230.86 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last 90 days, insiders sold 140,412 shares of company stock valued at $12,478,116. 45.58% of the stock is owned by company insiders.

Walmart Stock Performance

Shares of NYSE WMT traded down $1.46 during midday trading on Monday, hitting $91.54. 10,201,681 shares of the company’s stock were exchanged, compared to its average volume of 13,255,322. Walmart Inc. has a 12 month low of $53.44 and a 12 month high of $96.18. The company’s 50 day moving average price is $90.38 and its 200 day moving average price is $80.63. The company has a quick ratio of 0.23, a current ratio of 0.85 and a debt-to-equity ratio of 0.42. The firm has a market capitalization of $735.38 billion, a PE ratio of 37.57, a price-to-earnings-growth ratio of 4.47 and a beta of 0.55.

Walmart (NYSE:WMT) last released its quarterly earnings results on Tuesday, November 19th. The retailer reported $0.58 earnings per share for the quarter, beating the consensus estimate of $0.53 by $0.05. The firm had revenue of $169.59 billion for the quarter, compared to analysts’ expectations of $167.69 billion. Walmart had a net margin of 2.92% and a return on equity of 21.78%. The business’s revenue was up 5.5% on a year-over-year basis. During the same period in the prior year, the firm earned $0.51 EPS. As a group, analysts predict that Walmart Inc. will post 2.47 earnings per share for the current fiscal year.

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.