McKinley Carter Wealth Services Inc. Reduces Holdings in Walmart Inc. (NYSE:WMT)

McKinley Carter Wealth Services Inc. reduced its holdings in Walmart Inc. (NYSE:WMT) by 1.5% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 15,961 shares of the retailer’s stock after selling 242 shares during the quarter. McKinley Carter Wealth Services Inc.’s holdings in Walmart were worth $1,442,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of WMT. Robeco Institutional Asset Management B.V. lifted its stake in shares of Walmart by 18.0% in the 4th quarter. Robeco Institutional Asset Management B.V. now owns 3,584,166 shares of the retailer’s stock worth $323,829,000 after purchasing an additional 546,917 shares during the period. Sumitomo Life Insurance Co. lifted its position in Walmart by 4.8% during the fourth quarter. Sumitomo Life Insurance Co. now owns 118,144 shares of the retailer’s stock valued at $10,674,000 after purchasing an additional 5,402 shares during the last quarter. R Squared Ltd bought a new position in shares of Walmart during the 4th quarter valued at approximately $246,000. Foster Group Inc. lifted its stake in Walmart by 33.3% in the fourth quarter. Foster Group Inc. now owns 20,111 shares of the retailer’s stock worth $1,817,000 after purchasing an additional 5,023 shares during the last quarter. Finally, Fulton Breakefield Broenniman LLC grew its position in Walmart by 73.1% in the 4th quarter. Fulton Breakefield Broenniman LLC now owns 8,176 shares of the retailer’s stock valued at $739,000 after acquiring an additional 3,453 shares during the last quarter. Institutional investors own 26.76% of the company’s stock.

Walmart Price Performance

WMT stock opened at $98.61 on Friday. 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 company’s fifty day simple moving average is $92.71 and its 200 day simple moving average is $82.79. Walmart Inc. has a 12-month low of $55.04 and a 12-month high of $98.93. The firm has a market cap of $792.15 billion, a price-to-earnings ratio of 40.47, a PEG ratio of 4.42 and a beta of 0.55.

Walmart (NYSE:WMT) last announced its quarterly earnings results on Tuesday, November 19th. The retailer reported $0.58 EPS for the quarter, beating analysts’ consensus estimates of $0.53 by $0.05. The business 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%. Walmart’s quarterly revenue was up 5.5% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.51 EPS. On average, analysts expect that Walmart Inc. will post 2.48 earnings per share for the current year.

Analyst Ratings Changes

WMT has been the topic of a number of research reports. Bank of America raised their target price on shares of Walmart from $95.00 to $105.00 and gave the company a “buy” rating in a research report on Wednesday, November 20th. Robert W. Baird upped their price target on shares of Walmart from $90.00 to $100.00 and gave the company an “outperform” rating in a research note on Wednesday, November 20th. TD Cowen upped their target price on Walmart from $90.00 to $100.00 and gave the company a “buy” rating in a research report on Wednesday, November 20th. KeyCorp lifted their price objective on Walmart from $96.00 to $100.00 and gave the company an “overweight” rating in a research note on Wednesday, December 11th. Finally, Truist Financial increased their price target on shares of Walmart from $89.00 to $98.00 and gave the stock a “buy” rating in a report on Wednesday, November 20th. 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 stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $94.69.

Insider Buying and Selling at Walmart

In related news, EVP John R. Furner sold 13,125 shares of the stock in a transaction dated Thursday, January 23rd. The stock was sold at an average price of $92.96, for a total transaction of $1,220,100.00. Following the sale, 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 position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP David Chojnowski sold 5,600 shares of Walmart stock in a transaction dated Wednesday, November 27th. The shares were sold at an average price of $91.45, for a total value of $512,120.00. Following the sale, the senior vice president now owns 87,404 shares of the company’s stock, valued at approximately $7,993,095.80. This trade represents a 6.02 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 137,177 shares of company stock worth $12,649,328 over the last three months. 45.58% of the stock is currently owned by insiders.

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.