HCR Wealth Advisors Has $3.14 Million Stock Holdings in Walmart Inc. (NYSE:WMT)

HCR Wealth Advisors lowered its holdings in Walmart Inc. (NYSE:WMT) by 0.5% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 34,797 shares of the retailer’s stock after selling 160 shares during the period. HCR Wealth Advisors’ holdings in Walmart were worth $3,144,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently added to or reduced their stakes in the business. Peterson Financial Group Inc. acquired a new stake in shares of Walmart in the third quarter worth $26,000. Voisard Asset Management Group Inc. raised its stake in Walmart by 77.3% during the 3rd quarter. Voisard Asset Management Group Inc. now owns 399 shares of the retailer’s stock valued at $32,000 after purchasing an additional 174 shares during the last quarter. Hoese & Co LLP bought a new stake in Walmart in the 3rd quarter valued at $33,000. Livelsberger Financial Advisory acquired a new stake in Walmart in the 3rd quarter worth $36,000. Finally, Hara Capital LLC bought a new position in shares of Walmart during the 3rd quarter worth about $37,000. 26.76% of the stock is owned by institutional investors.

Insider Transactions at Walmart

In related news, Director Robert Edward Jr. Moritz acquired 5,446 shares of the company’s stock in a transaction that occurred on Wednesday, November 27th. The shares were acquired at an average cost of $91.81 per share, for a total transaction 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 purchase was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO C Douglas Mcmillon sold 29,124 shares of the company’s stock in a transaction on Thursday, December 26th. The stock was sold at an average price of $92.35, for a total transaction of $2,689,601.40. Following the completion of the transaction, the chief executive officer now directly owns 3,785,702 shares of the company’s stock, valued at approximately $349,609,579.70. The trade was a 0.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 138,347 shares of company stock valued at $12,311,491 over the last 90 days. 45.58% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several research firms recently weighed in on WMT. TD Cowen increased their target price on shares of Walmart from $90.00 to $100.00 and gave the company a “buy” rating in a research note on Wednesday, November 20th. Melius Research started coverage on Walmart in a research report on Monday, September 23rd. They issued a “buy” rating and a $95.00 price objective for the company. Piper Sandler boosted their price objective on Walmart from $83.00 to $93.00 and gave the company an “overweight” rating in a research report on Monday, November 18th. Redburn Atlantic raised Walmart to a “strong-buy” rating in a research report on Monday, September 23rd. Finally, Royal Bank of Canada reissued an “outperform” rating and issued a $105.00 price target on shares of Walmart in a report on Wednesday. Two research 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. Based on data from MarketBeat.com, Walmart presently has a consensus rating of “Moderate Buy” and an average price target of $94.49.

Walmart Trading Up 0.7 %

NYSE WMT opened at $91.39 on Thursday. Walmart Inc. has a 12 month low of $53.44 and a 12 month high of $96.18. The stock has a 50-day simple moving average of $90.70 and a 200 day simple moving average of $80.96. The company has a current ratio of 0.85, a quick ratio of 0.23 and a debt-to-equity ratio of 0.42. The company has a market capitalization of $734.17 billion, a PE ratio of 37.51, a P/E/G ratio of 4.41 and a beta of 0.55.

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