Hummer Financial Advisory Services Inc Sells 400 Shares of Walmart Inc. (NYSE:WMT)

Hummer Financial Advisory Services Inc trimmed its position in Walmart Inc. (NYSE:WMT) by 6.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 5,765 shares of the retailer’s stock after selling 400 shares during the period. Hummer Financial Advisory Services Inc’s holdings in Walmart were worth $522,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of WMT. Peterson Financial Group Inc. acquired a new stake in Walmart in the third quarter valued at approximately $26,000. Voisard Asset Management Group Inc. raised its holdings in shares of Walmart by 77.3% in the third quarter. Voisard Asset Management Group Inc. now owns 399 shares of the retailer’s stock worth $32,000 after buying an additional 174 shares during the last quarter. Hoese & Co LLP purchased a new position in shares of Walmart in the third quarter worth $33,000. Livelsberger Financial Advisory purchased a new position in shares of Walmart in the third quarter worth $36,000. Finally, Hara Capital LLC purchased a new position in shares of Walmart in the third quarter worth $37,000. 26.76% of the stock is currently owned by institutional investors and hedge funds.

Walmart Stock Performance

WMT opened at $90.79 on Wednesday. The firm has a market capitalization of $729.35 billion, a PE ratio of 37.26, a PEG ratio of 4.47 and a beta of 0.55. Walmart Inc. has a twelve month low of $53.44 and a twelve month high of $96.18. The firm’s 50-day moving average price is $90.70 and its 200 day moving average price is $80.96. The company has a current ratio of 0.85, a quick ratio of 0.23 and a debt-to-equity ratio of 0.42.

Walmart (NYSE:WMT) last posted its quarterly earnings results on Tuesday, November 19th. The retailer reported $0.58 earnings per share for the quarter, topping analysts’ consensus estimates of $0.53 by $0.05. The firm had revenue of $169.59 billion for 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 quarterly revenue was up 5.5% on a year-over-year basis. During the same period in the previous year, the business posted $0.51 earnings per share. As a group, sell-side analysts expect that Walmart Inc. will post 2.47 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on WMT. Wells Fargo & Company raised their price target on shares of Walmart from $96.00 to $100.00 and gave the stock an “overweight” rating in a report on Friday, January 10th. Truist Financial raised their price target on shares of Walmart from $89.00 to $98.00 and gave the stock a “buy” rating in a report on Wednesday, November 20th. Stifel Nicolaus raised their price target on shares of Walmart from $89.00 to $94.00 and gave the stock a “hold” rating in a report on Tuesday, December 10th. Redburn Atlantic raised shares of Walmart to a “strong-buy” rating in a report on Monday, September 23rd. Finally, Roth Mkm raised their target price on shares of Walmart from $81.00 to $97.00 and gave the stock a “buy” rating in a report on Wednesday, November 20th. Two investment 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, the stock has an average rating of “Moderate Buy” and an average price target of $94.08.

Insider Buying and Selling

In related news, EVP John R. Furner sold 13,125 shares of the business’s stock in a transaction dated Thursday, December 26th. The shares were sold at an average price of $92.60, for a total transaction of $1,215,375.00. Following the transaction, the executive vice president now directly owns 566,794 shares in the company, valued at approximately $52,485,124.40. The trade was a 2.26 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, SVP David Chojnowski sold 5,600 shares of the business’s stock in a transaction dated Wednesday, November 27th. The shares were sold at an average price of $91.45, for a total transaction of $512,120.00. Following the completion of the transaction, the senior vice president now owns 87,404 shares in the company, valued at $7,993,095.80. The trade was a 6.02 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 138,347 shares of company stock worth $12,311,491. 45.58% of the stock is owned by insiders.

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.