Rogco LP Lowers Holdings in Walmart Inc. (NYSE:WMT)

Rogco LP reduced its holdings in shares of Walmart Inc. (NYSE:WMT) by 83.9% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 8,326 shares of the retailer’s stock after selling 43,431 shares during the period. Rogco LP’s holdings in Walmart were worth $752,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Peterson Financial Group Inc. purchased a new position in shares of Walmart in the 3rd quarter valued at about $26,000. Fiduciary Advisors Inc. purchased a new stake in shares of Walmart during the fourth quarter worth approximately $27,000. Voisard Asset Management Group Inc. raised its holdings in 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 acquiring an additional 174 shares in the last quarter. Decker Retirement Planning Inc. purchased a new position in Walmart in the fourth quarter worth approximately $32,000. Finally, Livelsberger Financial Advisory acquired a new position in Walmart during the 3rd quarter worth approximately $36,000. 26.76% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Walmart

In other news, CEO C Douglas Mcmillon sold 29,124 shares of the business’s stock in a transaction 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. The trade was a 0.76 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP Daniel J. Bartlett sold 1,830 shares of the stock in a transaction on Wednesday, January 15th. The shares were sold at an average price of $91.07, for a total value of $166,658.10. Following the sale, the executive vice president now directly owns 460,705 shares in the company, valued at approximately $41,956,404.35. The trade was a 0.40 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 175,177 shares of company stock valued at $16,403,728 over the last quarter. Corporate insiders own 45.58% of the company’s stock.

Analyst Upgrades and Downgrades

WMT has been the subject of a number of analyst reports. Sanford C. Bernstein boosted their target price on shares of Walmart from $98.00 to $102.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 20th. DZ Bank downgraded Walmart from a “buy” rating to a “hold” rating and set a $91.00 price target for the company. in a report on Thursday, November 21st. Stifel Nicolaus increased their price objective on Walmart from $89.00 to $94.00 and gave the company a “hold” rating in a report on Tuesday, December 10th. TD Cowen boosted their target price on Walmart from $90.00 to $100.00 and gave the stock a “buy” rating in a research note on Wednesday, November 20th. Finally, Barclays increased their price target on shares of Walmart from $98.00 to $108.00 and gave the company an “overweight” rating in a research note on Friday. Two investment 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.com, Walmart currently has a consensus rating of “Moderate Buy” and a consensus price target of $100.53.

Walmart Stock Performance

WMT opened at $104.04 on Monday. The stock’s 50 day simple moving average is $94.99 and its 200 day simple moving average is $85.44. The stock has a market cap of $835.78 billion, a P/E ratio of 42.70, a P/E/G ratio of 4.25 and a beta of 0.55. Walmart Inc. has a 1-year low of $55.99 and a 1-year high of $105.30. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.85 and a quick ratio of 0.23.

Walmart (NYSE:WMT) last announced its quarterly 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 analysts’ expectations of $167.69 billion. Walmart had a return on equity of 21.78% and a net margin of 2.92%. The business’s revenue for the quarter was up 5.5% on a year-over-year basis. During the same quarter last year, the business posted $0.51 earnings per share. As a group, equities analysts anticipate that Walmart Inc. will post 2.48 EPS for the current fiscal year.

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.