Walmart Inc. (NYSE:WMT) is Northern Financial Advisors Inc’s 4th Largest Position

Northern Financial Advisors Inc lowered its holdings in Walmart Inc. (NYSE:WMT) by 6.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 44,528 shares of the retailer’s stock after selling 3,205 shares during the period. Walmart accounts for 3.2% of Northern Financial Advisors Inc’s investment portfolio, making the stock its 4th biggest position. Northern Financial Advisors Inc’s holdings in Walmart were worth $4,023,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Peterson Financial Group Inc. purchased a new stake in shares of Walmart in the third quarter valued at $26,000. Fiduciary Advisors Inc. purchased a new stake in shares of Walmart in the fourth quarter valued at $27,000. Voisard Asset Management Group Inc. grew its position in shares of Walmart by 77.3% in the third 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 period. Decker Retirement Planning Inc. purchased a new stake in shares of Walmart in the fourth quarter valued at $32,000. Finally, Livelsberger Financial Advisory purchased a new stake in shares of Walmart in the third quarter valued at $36,000. Hedge funds and other institutional investors own 26.76% of the company’s stock.

Insider Transactions at Walmart

In related news, CEO C Douglas Mcmillon sold 29,124 shares of the stock in a transaction that occurred on Wednesday, November 27th. The stock was sold at an average price of $91.44, for a total value of $2,663,098.56. Following the completion of the transaction, the chief executive officer now directly owns 3,814,805 shares of the company’s stock, valued at $348,825,769.20. This represents a 0.76 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP John D. Rainey sold 38,000 shares of the stock in a transaction that occurred 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 directly owns 257,281 shares of the company’s stock, valued at $25,419,362.80. This trade represents a 12.87 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 175,177 shares of company stock worth $16,403,728. 45.58% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on WMT shares. Citigroup boosted their price target on Walmart from $98.00 to $120.00 and gave the company a “buy” rating in a research report on Tuesday. Piper Sandler boosted their price target on Walmart from $83.00 to $93.00 and gave the company an “overweight” rating in a research report on Monday, November 18th. Bank of America boosted their price target on Walmart from $95.00 to $105.00 and gave the company a “buy” rating in a research report on Wednesday, November 20th. StockNews.com downgraded Walmart from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, November 20th. Finally, Robert W. Baird boosted their price target on Walmart from $90.00 to $100.00 and gave the company an “outperform” rating in a research report on Wednesday, November 20th. Two research 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 stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $99.17.

Walmart Trading Down 1.0 %

Shares of NYSE WMT opened at $104.04 on Friday. The stock’s 50 day moving average price is $94.83 and its two-hundred day moving average price is $85.09. Walmart Inc. has a 52-week low of $55.99 and a 52-week high of $105.30. The stock has a market capitalization of $835.78 billion, a P/E ratio of 42.70, a PEG ratio of 4.25 and a beta of 0.55. The company has a quick ratio of 0.23, a current ratio of 0.85 and a debt-to-equity ratio of 0.42.

Walmart (NYSE:WMT) last announced its quarterly earnings data on Tuesday, November 19th. The retailer reported $0.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.53 by $0.05. The firm had revenue of $169.59 billion for the quarter, compared to analysts’ expectations of $167.69 billion. Walmart had a return on equity of 21.78% and a net margin of 2.92%. Walmart’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 earnings per share. On average, analysts anticipate that Walmart Inc. will post 2.48 earnings per share for the current fiscal year.

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.