Walmart Inc. (NYSE:WMT) Shares Sold by D.B. Root & Company LLC

D.B. Root & Company LLC lowered its position in shares of Walmart Inc. (NYSE:WMT) by 4.1% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 32,641 shares of the retailer’s stock after selling 1,413 shares during the quarter. Walmart comprises about 0.9% of D.B. Root & Company LLC’s investment portfolio, making the stock its 24th largest position. D.B. Root & Company LLC’s holdings in Walmart were worth $2,949,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of WMT. Peterson Financial Group Inc. bought a new position in shares of Walmart during the third quarter valued at approximately $26,000. Voisard Asset Management Group Inc. grew its holdings in shares of Walmart by 77.3% during the third quarter. Voisard Asset Management Group Inc. now owns 399 shares of the retailer’s stock valued at $32,000 after purchasing an additional 174 shares during the last quarter. Decker Retirement Planning Inc. bought a new position in shares of Walmart during the fourth quarter valued at approximately $32,000. Hoese & Co LLP bought a new position in shares of Walmart during the third quarter valued at approximately $33,000. Finally, Livelsberger Financial Advisory bought a new position in shares of Walmart during the third quarter valued at approximately $36,000. Institutional investors and hedge funds own 26.76% of the company’s stock.

Insider Activity

In related news, Director Robert Edward Jr. Moritz purchased 5,446 shares of the company’s stock in a transaction dated Wednesday, November 27th. The shares were acquired at an average cost of $91.81 per share, with a total value of $499,997.26. Following the completion of the purchase, the director now owns 7,805 shares of the company’s stock, valued at $716,577.05. The trade was a 230.86 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO C Douglas Mcmillon sold 29,124 shares of the company’s 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 directly owns 3,766,491 shares in the company, valued at $348,852,396.42. This trade represents a 0.77 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 140,177 shares of company stock worth $12,895,688 over the last quarter. Corporate insiders own 45.58% of the company’s stock.

Walmart Price Performance

WMT opened at $94.84 on Friday. The stock has a fifty day moving average of $91.81 and a 200-day moving average of $81.95. The firm has a market capitalization of $761.90 billion, a P/E ratio of 38.92, a PEG ratio of 4.42 and a beta of 0.55. Walmart Inc. has a 12-month low of $53.47 and a 12-month high of $96.18. The company has a quick ratio of 0.23, a current ratio of 0.85 and a debt-to-equity ratio of 0.42.

Walmart (NYSE:WMT) last released its earnings results on Tuesday, November 19th. The retailer reported $0.58 earnings per share (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 analyst estimates of $167.69 billion. Walmart had a return on equity of 21.78% and a net margin of 2.92%. The company’s revenue for the quarter was up 5.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.51 earnings per share. Equities analysts forecast that Walmart Inc. will post 2.48 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the company. Guggenheim increased their price objective on Walmart from $90.00 to $100.00 and gave the stock a “buy” rating in a report on Wednesday, November 20th. StockNews.com lowered Walmart from a “strong-buy” rating to a “buy” rating in a report on Wednesday, November 20th. Roth Mkm increased their price objective on Walmart from $81.00 to $97.00 and gave the stock a “buy” rating in a report on Wednesday, November 20th. Royal Bank of Canada reissued an “outperform” rating and issued a $105.00 price objective on shares of Walmart in a report on Wednesday, January 15th. Finally, Barclays increased their price objective on Walmart from $90.00 to $98.00 and gave the stock an “overweight” rating in a report on Thursday, January 9th. Two investment analysts have rated the stock with a hold rating, twenty-nine have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, Walmart has an average rating of “Moderate Buy” and an average target price of $94.69.

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.