Welch Group LLC Sells 785 Shares of Walmart Inc. (NYSE:WMT)

Welch Group LLC cut its position in Walmart Inc. (NYSE:WMT) by 1.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 46,744 shares of the retailer’s stock after selling 785 shares during the quarter. Welch Group LLC’s holdings in Walmart were worth $4,234,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Fiduciary Advisors Inc. acquired a new stake in shares of Walmart during the fourth quarter worth $27,000. Peterson Financial Group Inc. acquired a new stake in shares of Walmart during the third quarter worth $26,000. Decker Retirement Planning Inc. acquired a new stake in shares of Walmart during the fourth quarter worth $32,000. Voisard Asset Management Group Inc. lifted its holdings in shares of Walmart by 77.3% during the third quarter. Voisard Asset Management Group Inc. now owns 399 shares of the retailer’s stock worth $32,000 after buying an additional 174 shares in the last quarter. Finally, Hoese & Co LLP acquired a new stake in shares of Walmart during the third quarter worth $33,000. 26.76% of the stock is owned by institutional investors.

Insider Buying and Selling at Walmart

In other Walmart news, SVP David Chojnowski sold 5,600 shares of the stock in a transaction that occurred on Wednesday, November 27th. The stock was 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 in the company, valued at approximately $7,993,095.80. This represents a 6.02 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP John D. Rainey sold 38,000 shares of the stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $98.80, for a total value of $3,754,400.00. Following the completion of the transaction, the executive vice president now owns 257,281 shares in the company, valued at approximately $25,419,362.80. This represents a 12.87 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 175,177 shares of company stock valued at $16,403,728. 45.58% of the stock is currently owned by company insiders.

Walmart Stock Performance

NYSE:WMT opened at $102.47 on Thursday. The company has a market capitalization of $823.21 billion, a PE ratio of 42.05, a P/E/G ratio of 4.49 and a beta of 0.55. The company has a 50 day simple moving average of $93.46 and a two-hundred day simple moving average of $83.69. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.23 and a current ratio of 0.85. Walmart Inc. has a fifty-two week low of $55.85 and a fifty-two week high of $102.58.

Walmart (NYSE:WMT) last released its earnings results on Tuesday, November 19th. The retailer reported $0.58 earnings per share 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 the consensus estimate of $167.69 billion. Walmart had a net margin of 2.92% and a return on equity of 21.78%. The company’s revenue for the quarter was up 5.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.51 EPS. Research analysts anticipate that Walmart Inc. will post 2.48 earnings per share for the current year.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the company. BMO Capital Markets lifted their target price on Walmart from $80.00 to $100.00 and gave the stock an “outperform” rating in a report on Monday, November 18th. Tigress Financial lifted their target price on Walmart from $86.00 to $115.00 and gave the stock a “buy” rating in a report on Friday, December 13th. Roth Mkm boosted their price target on Walmart from $81.00 to $97.00 and gave the company a “buy” rating in a research note on Wednesday, November 20th. Stifel Nicolaus boosted their price target on Walmart from $89.00 to $94.00 and gave the company a “hold” rating in a research note on Tuesday, December 10th. Finally, Truist Financial boosted their price target on Walmart from $89.00 to $98.00 and gave the company a “buy” rating in a research note on Wednesday, November 20th. Two analysts have rated the stock with a hold rating, twenty-nine have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $96.01.

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.