TFC Financial Management Inc. Reduces Position in Walmart Inc. (NYSE:WMT)

TFC Financial Management Inc. decreased its stake in shares of Walmart Inc. (NYSE:WMT) by 9.3% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 9,320 shares of the retailer’s stock after selling 959 shares during the period. TFC Financial Management Inc.’s holdings in Walmart were worth $842,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the stock. Park Capital Management LLC WI purchased a new position in Walmart during the fourth quarter worth $1,011,000. Consolidated Planning Corp increased its position in Walmart by 1.7% during the fourth quarter. Consolidated Planning Corp now owns 105,303 shares of the retailer’s stock worth $9,514,000 after buying an additional 1,757 shares in the last quarter. Raab & Moskowitz Asset Management LLC increased its position in Walmart by 0.8% during the fourth quarter. Raab & Moskowitz Asset Management LLC now owns 95,478 shares of the retailer’s stock worth $8,626,000 after buying an additional 728 shares in the last quarter. Warren Street Wealth Advisors LLC increased its position in Walmart by 3.3% during the fourth quarter. Warren Street Wealth Advisors LLC now owns 5,408 shares of the retailer’s stock worth $489,000 after buying an additional 171 shares in the last quarter. Finally, C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors increased its position in Walmart by 137.3% during the fourth quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors now owns 67,222 shares of the retailer’s stock worth $6,074,000 after buying an additional 38,898 shares in the last quarter. Hedge funds and other institutional investors own 26.76% of the company’s stock.

Walmart Trading Up 1.4 %

Shares of WMT opened at $105.10 on Friday. The stock’s 50-day moving average is $94.63 and its two-hundred day moving average is $84.95. The stock has a market cap of $844.29 billion, a PE ratio of 43.13, a P/E/G ratio of 4.25 and a beta of 0.55. Walmart Inc. has a 12 month low of $55.85 and a 12 month high of $105.24. 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 issued its quarterly earnings data on Tuesday, November 19th. The retailer reported $0.58 EPS for the quarter, topping analysts’ consensus estimates of $0.53 by $0.05. The company 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%. The firm’s quarterly revenue was up 5.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.51 earnings per share. Equities analysts forecast that Walmart Inc. will post 2.48 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Walmart news, Director Robert Edward Jr. Moritz purchased 5,446 shares of the business’s stock in a transaction that occurred on Wednesday, November 27th. The shares were acquired at an average price of $91.81 per share, for a total transaction of $499,997.26. Following the completion of the purchase, the director now owns 7,805 shares in the company, valued at $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 can be accessed through this hyperlink. Also, EVP John D. Rainey sold 38,000 shares of the business’s stock in a transaction dated 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 position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 175,177 shares of company stock worth $16,403,728. 45.58% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on WMT shares. Citigroup lifted their price objective on Walmart from $98.00 to $120.00 and gave the company a “buy” rating in a research report on Tuesday. Jefferies Financial Group lifted their price objective on Walmart from $105.00 to $111.00 and gave the company a “buy” rating in a research report on Tuesday, December 17th. Truist Financial lifted their price objective on Walmart from $98.00 to $111.00 and gave the company a “buy” rating in a research report on Tuesday. DZ Bank downgraded Walmart from a “buy” rating to a “hold” rating and set a $91.00 price objective for the company. in a research report on Thursday, November 21st. Finally, Oppenheimer lifted their price objective on Walmart from $100.00 to $110.00 and gave the company an “outperform” rating in a research report on Wednesday, February 5th. Two equities research analysts have rated the stock with a hold rating, twenty-nine have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Walmart presently has an average rating of “Moderate Buy” and a consensus price target of $98.85.

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.