Virginia Wealth Management Group Inc. Sells 1,853 Shares of Walmart Inc. (NYSE:WMT)

Virginia Wealth Management Group Inc. decreased its stake in shares of Walmart Inc. (NYSE:WMT) by 3.6% in the fourth quarter, Holdings Channel.com reports. The fund owned 50,149 shares of the retailer’s stock after selling 1,853 shares during the period. Walmart comprises about 2.8% of Virginia Wealth Management Group Inc.’s holdings, making the stock its 13th biggest position. Virginia Wealth Management Group Inc.’s holdings in Walmart were worth $4,531,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Daymark Wealth Partners LLC lifted its position in Walmart by 4.2% during the third quarter. Daymark Wealth Partners LLC now owns 149,659 shares of the retailer’s stock valued at $12,085,000 after purchasing an additional 6,023 shares during the last quarter. CWM LLC raised its position in shares of Walmart by 1.8% during the 3rd quarter. CWM LLC now owns 931,526 shares of the retailer’s stock valued at $75,221,000 after buying an additional 16,749 shares in the last quarter. Abner Herrman & Brock LLC raised its position in Walmart by 1.0% during the third quarter. Abner Herrman & Brock LLC now owns 206,455 shares of the retailer’s stock valued at $16,671,000 after purchasing an additional 2,098 shares during the period. Marcum Wealth LLC lifted its stake in shares of Walmart by 1.2% in the 3rd quarter. Marcum Wealth LLC now owns 25,536 shares of the retailer’s stock valued at $2,062,000 after purchasing an additional 297 shares during the last quarter. Finally, Wedmont Private Capital boosted its holdings in shares of Walmart by 4.3% in the 3rd quarter. Wedmont Private Capital now owns 55,842 shares of the retailer’s stock worth $4,417,000 after purchasing an additional 2,320 shares during the period. 26.76% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Walmart

In other Walmart news, EVP John D. Rainey sold 38,000 shares of the company’s stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $98.80, for a total value of $3,754,400.00. Following the sale, the executive vice president now directly owns 257,281 shares of the company’s stock, valued at approximately $25,419,362.80. This represents a 12.87 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO C Douglas Mcmillon sold 29,124 shares of Walmart stock in a transaction dated Wednesday, November 27th. The shares were sold at an average price of $91.44, for a total value of $2,663,098.56. Following the transaction, the chief executive officer now owns 3,814,805 shares of the company’s stock, valued at $348,825,769.20. The trade was a 0.76 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 175,177 shares of company stock worth $16,403,728 over the last 90 days. 45.58% of the stock is currently owned by company insiders.

Walmart Stock Performance

Shares of WMT opened at $102.86 on Friday. The stock has a 50-day moving average of $93.67 and a two-hundred day moving average of $83.82. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.23 and a current ratio of 0.85. The stock has a market cap of $826.30 billion, a P/E ratio of 42.21, a P/E/G ratio of 4.49 and a beta of 0.55. Walmart Inc. has a one year low of $55.85 and a one year high of $103.02.

Walmart (NYSE:WMT) last issued its 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. Walmart had a return on equity of 21.78% and a net margin of 2.92%. The firm had revenue of $169.59 billion for the quarter, compared to analyst estimates of $167.69 billion. During the same quarter in the prior year, the firm earned $0.51 earnings per share. Walmart’s revenue for the quarter was up 5.5% on a year-over-year basis. As a group, research analysts predict that Walmart Inc. will post 2.48 EPS for the current year.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the company. Royal Bank of Canada restated an “outperform” rating and set a $105.00 price target on shares of Walmart in a report on Wednesday, January 15th. Guggenheim 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. Stifel Nicolaus lifted their price target on shares of Walmart from $89.00 to $94.00 and gave the stock a “hold” rating in a research note on Tuesday, December 10th. Barclays increased their price objective on shares of Walmart from $90.00 to $98.00 and gave the stock an “overweight” rating in a research report on Thursday, January 9th. Finally, Truist Financial boosted their target price on Walmart from $89.00 to $98.00 and gave the company a “buy” rating in a research report on Wednesday, November 20th. Two analysts have rated the stock with a hold rating, twenty-nine have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $96.01.

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.