Walmart Inc. (NYSE:WMT) Shares Sold by Strategic Investment Advisors MI

Strategic Investment Advisors MI reduced its position in shares of Walmart Inc. (NYSE:WMT) by 1.9% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 10,718 shares of the retailer’s stock after selling 211 shares during the quarter. Strategic Investment Advisors MI’s holdings in Walmart were worth $968,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Jennison Associates LLC lifted its stake in Walmart by 479.6% during the third quarter. Jennison Associates LLC now owns 18,479,259 shares of the retailer’s stock valued at $1,492,200,000 after purchasing an additional 15,290,936 shares during the last quarter. FMR LLC increased its holdings in shares of 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 in the last quarter. International Assets Investment Management LLC increased its holdings in shares of Walmart by 8,814.4% in the third quarter. International Assets Investment Management LLC now owns 6,963,218 shares of the retailer’s stock valued at $562,280,000 after buying an additional 6,885,106 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of Walmart by 3.3% in the third quarter. Geode Capital Management LLC now owns 87,617,409 shares of the retailer’s stock valued at $7,048,465,000 after buying an additional 2,786,061 shares in the last quarter. Finally, Fisher Asset Management LLC increased its holdings in shares of 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 buying an additional 2,107,197 shares in the last quarter. 26.76% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

WMT has been the topic of several research reports. Morgan Stanley upped their price target on Walmart from $100.00 to $106.00 and gave the company an “overweight” rating in a report on Tuesday, January 21st. KeyCorp upped their price target on Walmart from $96.00 to $100.00 and gave the company an “overweight” rating in a report on Wednesday, December 11th. Tigress Financial upped their price target on Walmart from $86.00 to $115.00 and gave the company a “buy” rating in a report on Friday, December 13th. Barclays upped their price target on Walmart from $90.00 to $98.00 and gave the company an “overweight” rating in a report on Thursday, January 9th. Finally, Bank of America lifted their price objective on shares of Walmart from $95.00 to $105.00 and gave the stock a “buy” rating in a research report on Wednesday, November 20th. Two 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.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $94.69.

Walmart Stock Down 0.0 %

WMT stock opened at $97.36 on Wednesday. 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 $54.51 and a 1 year high of $97.84. The company has a fifty day simple moving average of $92.29 and a 200 day simple moving average of $82.49. The firm has a market cap of $782.16 billion, a PE ratio of 39.96, a PEG ratio of 4.42 and a beta of 0.55.

Walmart (NYSE:WMT) last released its 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. The firm had revenue of $169.59 billion during the quarter, compared to analyst estimates 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 quarter in the previous year, the business earned $0.51 EPS. Sell-side analysts anticipate that Walmart Inc. will post 2.48 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, EVP John R. Furner sold 13,125 shares of the company’s stock in a transaction dated Thursday, January 23rd. The shares were sold at an average price of $92.96, for a total transaction of $1,220,100.00. Following the completion of the transaction, the executive vice president now owns 568,626 shares of the company’s stock, valued at approximately $52,859,472.96. This represents a 2.26 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP David Chojnowski sold 5,600 shares of the company’s stock in a transaction dated Wednesday, November 27th. The shares were sold at an average price of $91.45, for a total transaction of $512,120.00. Following the transaction, the senior vice president now directly owns 87,404 shares of the company’s stock, valued at $7,993,095.80. This represents a 6.02 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 140,177 shares of company stock valued at $12,895,688 in the last quarter. Insiders own 45.58% of the company’s stock.

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.