Ellenbecker Investment Group Sells 310 Shares of Walmart Inc. (NYSE:WMT)

Ellenbecker Investment Group lessened its position in Walmart Inc. (NYSE:WMT) by 2.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 13,418 shares of the retailer’s stock after selling 310 shares during the period. Ellenbecker Investment Group’s holdings in Walmart were worth $1,212,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of WMT. Traveka Wealth LLC lifted its stake in shares of Walmart by 40.0% during the 4th quarter. Traveka Wealth LLC now owns 11,069 shares of the retailer’s stock worth $1,000,000 after buying an additional 3,160 shares during the last quarter. BCS Wealth Management acquired a new stake in Walmart during the fourth quarter worth approximately $816,000. Granite Bay Wealth Management LLC acquired a new stake in Walmart during the fourth quarter worth approximately $220,000. PFW Advisors LLC bought a new stake in shares of Walmart during the fourth quarter worth approximately $1,588,000. Finally, Pallas Capital Advisors LLC increased its stake in shares of Walmart by 20.2% during the fourth quarter. Pallas Capital Advisors LLC now owns 13,705 shares of the retailer’s stock worth $1,238,000 after purchasing an additional 2,302 shares during the period. 26.76% of the stock is currently owned by institutional investors and hedge funds.

Walmart Stock Performance

Walmart stock opened at $91.39 on Tuesday. The business has a 50 day moving average of $90.56 and a 200-day moving average of $80.80. The company has a market capitalization of $734.17 billion, a P/E ratio of 37.51, a P/E/G ratio of 4.47 and a beta of 0.55. Walmart Inc. has a 1 year low of $53.44 and a 1 year high of $96.18. 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 (EPS) for the quarter, beating 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%. The company’s revenue was up 5.5% on a year-over-year basis. During the same period in the prior year, the company posted $0.51 EPS. On average, equities research analysts predict that Walmart Inc. will post 2.47 earnings per share for the current year.

Wall Street Analyst Weigh In

Several analysts recently issued reports on WMT shares. 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. Robert W. Baird upped their price target on shares of Walmart from $90.00 to $100.00 and gave the company an “outperform” rating in a research note on Wednesday, November 20th. BMO Capital Markets lifted their price objective on shares of Walmart from $80.00 to $100.00 and gave the stock an “outperform” rating in a research note on Monday, November 18th. DZ Bank lowered shares of 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. Finally, Piper Sandler lifted their price target on shares of Walmart from $83.00 to $93.00 and gave the company an “overweight” rating in a research report on Monday, November 18th. Two analysts have rated the stock with a hold rating, twenty-nine have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $94.08.

Insider Buying and Selling

In other Walmart news, EVP John R. Furner sold 13,125 shares of the firm’s stock in a transaction that occurred on Thursday, October 24th. The shares were sold at an average price of $82.96, for a total transaction of $1,088,850.00. Following the completion of the transaction, the executive vice president now owns 593,040 shares in the company, valued at approximately $49,198,598.40. This trade represents a 2.17 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP John D. Rainey sold 3,000 shares of the company’s stock in a transaction on Friday, November 1st. The shares were sold at an average price of $82.12, for a total transaction of $246,360.00. Following the completion of the sale, the executive vice president now directly owns 378,165 shares in the company, valued at approximately $31,054,909.80. This represents a 0.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 138,347 shares of company stock valued at $12,311,491 in the last three months. Insiders own 45.58% of the company’s stock.

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.