Teamwork Financial Advisors LLC Reduces Stake in Walmart Inc. (NYSE:WMT)

Teamwork Financial Advisors LLC decreased its stake in shares of Walmart Inc. (NYSE:WMT) by 13.4% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 6,875 shares of the retailer’s stock after selling 1,067 shares during the period. Teamwork Financial Advisors LLC’s holdings in Walmart were worth $621,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in WMT. Peterson Financial Group Inc. bought a new position in Walmart in the 3rd quarter worth about $26,000. Decker Retirement Planning Inc. bought a new position in Walmart in the 4th quarter worth about $32,000. Voisard Asset Management Group Inc. increased its stake in Walmart by 77.3% in the 3rd quarter. Voisard Asset Management Group Inc. now owns 399 shares of the retailer’s stock worth $32,000 after acquiring an additional 174 shares during the last quarter. Hoese & Co LLP bought a new position in Walmart in the 3rd quarter worth about $33,000. Finally, Livelsberger Financial Advisory bought a new position in Walmart in the 3rd quarter worth about $36,000. Hedge funds and other institutional investors own 26.76% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the company. TD Cowen upped their target price on Walmart from $90.00 to $100.00 and gave the stock a “buy” rating in a research note on Wednesday, November 20th. UBS Group upped their target price on Walmart from $92.00 to $100.00 and gave the stock a “buy” rating in a research note on Wednesday, November 20th. Jefferies Financial Group increased 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. Oppenheimer increased their price objective on Walmart from $81.00 to $90.00 and gave the company an “outperform” rating in a research report on Monday, October 14th. Finally, Stifel Nicolaus increased their price objective on Walmart from $89.00 to $94.00 and gave the company a “hold” rating in a research report on Tuesday, December 10th. Two analysts have rated the stock with a hold rating, twenty-nine have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $94.69.

Insider Activity

In other Walmart news, CEO C Douglas Mcmillon sold 29,124 shares of Walmart stock in a transaction on Thursday, January 23rd. The stock was sold at an average price of $92.62, for a total transaction of $2,697,464.88. Following the completion of the transaction, the chief executive officer now owns 3,766,491 shares in the company, valued at approximately $348,852,396.42. The trade was a 0.77 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP John R. Furner sold 13,125 shares of Walmart stock in a transaction on Thursday, January 23rd. The shares were sold at an average price of $92.96, for a total value of $1,220,100.00. Following the transaction, the executive vice president now owns 568,626 shares of the company’s stock, valued at $52,859,472.96. The trade was a 2.26 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 140,177 shares of company stock worth $12,895,688 in the last quarter. 45.58% of the stock is owned by company insiders.

Walmart Trading Up 1.1 %

WMT opened at $94.84 on Friday. The stock has a market cap of $761.90 billion, a PE ratio of 38.92, a PEG ratio of 4.42 and a beta of 0.55. 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 business has a 50 day moving average of $91.81 and a 200-day moving average of $81.95. Walmart Inc. has a 52 week low of $53.47 and a 52 week high of $96.18.

Walmart (NYSE:WMT) last released its earnings results on Tuesday, November 19th. The retailer reported $0.58 EPS for the quarter, beating analysts’ consensus estimates of $0.53 by $0.05. The company had revenue of $169.59 billion during 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 revenue for the quarter was up 5.5% compared to the same quarter last year. During the same quarter last year, the business posted $0.51 EPS. Equities research analysts predict that Walmart Inc. will post 2.48 earnings per share for the current fiscal year.

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.