C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors Sells 2,478 Shares of Walmart Inc. (NYSE:WMT)

C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors cut its holdings in Walmart Inc. (NYSE:WMT) by 8.7% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 25,846 shares of the retailer’s stock after selling 2,478 shares during the period. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors’ holdings in Walmart were worth $2,335,000 as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. Brophy Wealth Management LLC bought a new position in shares of Walmart in the third quarter worth about $2,072,000. Bank of New Hampshire increased its stake in shares of Walmart by 13.7% in the fourth quarter. Bank of New Hampshire now owns 47,949 shares of the retailer’s stock worth $4,332,000 after purchasing an additional 5,786 shares during the period. Iowa State Bank increased its stake in shares of Walmart by 213.8% in the fourth quarter. Iowa State Bank now owns 26,807 shares of the retailer’s stock worth $2,422,000 after purchasing an additional 18,263 shares during the period. Fisher Asset Management LLC grew its position in Walmart by 4.6% during the third quarter. Fisher Asset Management LLC now owns 47,659,844 shares of the retailer’s stock worth $3,848,533,000 after buying an additional 2,107,197 shares in the last quarter. Finally, Virtu Financial LLC acquired a new stake in Walmart during the third quarter worth about $541,000. 26.76% of the stock is currently owned by institutional investors.

Walmart Stock Performance

WMT stock opened at $103.73 on Wednesday. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.85 and a quick ratio of 0.23. The company has a 50 day moving average price of $95.38 and a 200 day moving average price of $86.05. Walmart Inc. has a fifty-two week low of $57.60 and a fifty-two week high of $105.30. The stock has a market capitalization of $833.31 billion, a PE ratio of 42.57, a price-to-earnings-growth ratio of 4.30 and a beta of 0.55.

Walmart (NYSE:WMT) last posted its quarterly earnings data on Tuesday, November 19th. The retailer reported $0.58 earnings per share for the quarter, topping the consensus estimate of $0.53 by $0.05. The firm had revenue of $169.59 billion during the quarter, compared to analysts’ expectations of $167.69 billion. Walmart had a net margin of 2.92% and a return on equity of 21.78%. Walmart’s revenue was up 5.5% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.51 EPS. Analysts forecast that Walmart Inc. will post 2.48 EPS for the current year.

Analysts Set New Price Targets

WMT has been the topic of a number of recent research reports. DZ Bank downgraded Walmart from a “buy” rating to a “hold” rating and set a $91.00 target price on the stock. in a research report on Thursday, November 21st. StockNews.com downgraded Walmart from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, November 20th. BMO Capital Markets lifted their target price on Walmart from $80.00 to $100.00 and gave the stock an “outperform” rating in a research report on Monday, November 18th. Truist Financial lifted their target price on Walmart from $98.00 to $111.00 and gave the stock a “buy” rating in a research report on Tuesday, February 11th. Finally, JPMorgan Chase & Co. lifted their target price on Walmart from $97.00 to $112.00 and gave the stock an “overweight” rating in a research report on Monday, February 10th. Two investment analysts have rated the stock with a hold rating, twenty-nine have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, Walmart presently has an average rating of “Moderate Buy” and a consensus price target of $101.87.

Insider Buying and Selling at Walmart

In other Walmart news, Director Robert Edward Jr. Moritz bought 5,446 shares of the company’s stock in a transaction on Wednesday, November 27th. The stock was bought at an average price of $91.81 per share, for a total transaction of $499,997.26. Following the transaction, the director now owns 7,805 shares of the company’s stock, valued at approximately $716,577.05. The trade was a 230.86 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO C Douglas Mcmillon sold 29,124 shares of the company’s stock in a transaction on Wednesday, November 27th. The shares were sold at an average price of $91.44, for a total transaction of $2,663,098.56. Following the sale, 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. In the last 90 days, insiders sold 175,177 shares of company stock worth $16,403,728. Insiders own 45.58% of the company’s stock.

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.