Walmart Inc. (NYSE:WMT) Shares Sold by Triangle Securities Wealth Management

Triangle Securities Wealth Management decreased its position in shares of Walmart Inc. (NYSE:WMT) by 1.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 13,655 shares of the retailer’s stock after selling 225 shares during the period. Triangle Securities Wealth Management’s holdings in Walmart were worth $1,234,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Krilogy Financial LLC grew its position in shares of Walmart by 29.3% during the fourth quarter. Krilogy Financial LLC now owns 67,031 shares of the retailer’s stock worth $6,056,000 after buying an additional 15,190 shares in the last quarter. TruWealth Advisors LLC lifted its holdings in Walmart by 2.8% during the 4th quarter. TruWealth Advisors LLC now owns 33,406 shares of the retailer’s stock worth $3,018,000 after buying an additional 923 shares during the last quarter. Ameritas Advisory Services LLC lifted its stake in Walmart by 18.9% during the fourth quarter. Ameritas Advisory Services LLC now owns 111,987 shares of the retailer’s stock worth $10,118,000 after purchasing an additional 17,799 shares during the last quarter. HB Wealth Management LLC boosted its holdings in Walmart by 1.3% in the fourth quarter. HB Wealth Management LLC now owns 349,637 shares of the retailer’s stock worth $31,591,000 after purchasing an additional 4,592 shares during the period. Finally, Trust Co. of Vermont increased its stake in Walmart by 1.2% during the fourth quarter. Trust Co. of Vermont now owns 173,702 shares of the retailer’s stock valued at $15,694,000 after purchasing an additional 2,001 shares during the last quarter. 26.76% of the stock is owned by hedge funds and other institutional investors.

Walmart Stock Performance

WMT opened at $92.02 on Monday. The company has a quick ratio of 0.23, a current ratio of 0.85 and a debt-to-equity ratio of 0.42. The firm has a market cap of $739.19 billion, a PE ratio of 37.76, a P/E/G ratio of 4.41 and a beta of 0.55. The business has a fifty day simple moving average of $91.15 and a 200-day simple moving average of $81.37. Walmart Inc. has a fifty-two week low of $53.44 and a fifty-two week high of $96.18.

Walmart (NYSE:WMT) last released its earnings results 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. Walmart had a net margin of 2.92% and a return on equity of 21.78%. The business had revenue of $169.59 billion for the quarter, compared to the consensus estimate of $167.69 billion. During the same period last year, the firm posted $0.51 earnings per share. The firm’s quarterly revenue was up 5.5% compared to the same quarter last year. As a group, equities analysts predict that Walmart Inc. will post 2.47 EPS for the current fiscal year.

Wall Street Analyst Weigh In

WMT has been the subject of several research reports. Robert W. Baird lifted their price target on shares of Walmart from $90.00 to $100.00 and gave the company an “outperform” rating in a report on Wednesday, November 20th. Piper Sandler lifted their target price on Walmart from $83.00 to $93.00 and gave the company an “overweight” rating in a research note on Monday, November 18th. DZ Bank cut Walmart from a “buy” rating to a “hold” rating and set a $91.00 price target on the stock. in a research report on Thursday, November 21st. Tigress Financial boosted their price objective on Walmart from $86.00 to $115.00 and gave the company a “buy” rating in a research report on Friday, December 13th. Finally, Oppenheimer increased their price objective on shares of Walmart from $81.00 to $90.00 and gave the stock an “outperform” rating in a report on Monday, October 14th. Two research analysts have rated the stock with a hold rating, twenty-nine have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Walmart presently has a consensus rating of “Moderate Buy” and an average price target of $94.49.

Insider Buying and Selling

In other Walmart news, EVP Daniel J. Bartlett sold 1,830 shares of the stock in a transaction that occurred on Wednesday, January 15th. The shares were sold at an average price of $91.07, for a total value of $166,658.10. Following the completion of the sale, the executive vice president now owns 460,705 shares in the company, 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 hyperlink. Also, EVP John R. Furner sold 13,125 shares of the company’s stock in a transaction on Thursday, October 24th. The stock was 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 directly owns 593,040 shares in the company, valued at $49,198,598.40. This trade represents a 2.17 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 140,177 shares of company stock valued at $12,478,149. Corporate 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.