Alliance Wealth Advisors LLC UT Has $1.11 Million Holdings in Walmart Inc. (NYSE:WMT)

Alliance Wealth Advisors LLC UT lowered its position in shares of Walmart Inc. (NYSE:WMT) by 3.8% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 12,323 shares of the retailer’s stock after selling 492 shares during the period. Alliance Wealth Advisors LLC UT’s holdings in Walmart were worth $1,113,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the company. Geode Capital Management LLC lifted its stake in shares of Walmart by 3.3% in the third quarter. Geode Capital Management LLC now owns 87,617,409 shares of the retailer’s stock worth $7,048,465,000 after acquiring an additional 2,786,061 shares during the period. FMR LLC increased its holdings in Walmart by 12.9% in the third quarter. FMR LLC now owns 63,135,639 shares of the retailer’s stock worth $5,098,203,000 after purchasing an additional 7,200,004 shares in the last quarter. Fisher Asset Management LLC boosted its stake 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 acquiring an additional 2,107,197 shares in the last quarter. Franklin Resources Inc. boosted its holdings in Walmart by 3.7% in the third quarter. Franklin Resources Inc. now owns 41,501,782 shares of the retailer’s stock worth $3,392,658,000 after acquiring an additional 1,480,927 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its holdings in shares of Walmart by 1.1% during the third quarter. Charles Schwab Investment Management Inc. now owns 31,236,769 shares of the retailer’s stock valued at $2,522,369,000 after buying an additional 350,881 shares during the last quarter. 26.76% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

WMT has been the subject of a number of recent analyst reports. Morgan Stanley upped their price objective on shares of Walmart from $100.00 to $106.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 21st. Truist Financial boosted their price target on shares of Walmart from $89.00 to $98.00 and gave the company a “buy” rating in a research report on Wednesday, November 20th. Telsey Advisory Group raised their target price on Walmart from $92.00 to $100.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 19th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $105.00 price target on shares of Walmart in a research note on Wednesday, January 15th. Finally, Barclays boosted their target price on Walmart from $90.00 to $98.00 and gave the company an “overweight” rating in a research note on Thursday, January 9th. 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 presently has a consensus rating of “Moderate Buy” and an average price target of $96.01.

Walmart Trading Up 1.7 %

Walmart stock opened at $102.47 on Thursday. The business’s fifty day simple moving average is $93.46 and its two-hundred day simple moving average is $83.69. The company has a current ratio of 0.85, a quick ratio of 0.23 and a debt-to-equity ratio of 0.42. The company has a market capitalization of $823.21 billion, a price-to-earnings ratio of 42.05, a price-to-earnings-growth ratio of 4.49 and a beta of 0.55. Walmart Inc. has a 12 month low of $55.85 and a 12 month high of $102.58.

Walmart (NYSE:WMT) last released its quarterly earnings data 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 analyst estimates 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% compared to the same quarter last year. During the same period last year, the business earned $0.51 EPS. As a group, equities analysts predict that Walmart Inc. will post 2.48 earnings per share for the current fiscal year.

Insider Transactions at Walmart

In other news, EVP Daniel J. Bartlett sold 1,830 shares of the stock in a transaction on Wednesday, January 15th. The stock was sold at an average price of $91.07, for a total transaction of $166,658.10. Following the transaction, the executive vice president now directly owns 460,705 shares of the company’s stock, valued at $41,956,404.35. This represents a 0.40 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP John D. Rainey sold 38,000 shares of the firm’s stock in a transaction 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 owns 257,281 shares in the company, valued at approximately $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. Insiders sold 175,177 shares of company stock worth $16,403,728 over the last quarter. 45.58% of the stock is currently owned by insiders.

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.