SteelPeak Wealth LLC Trims Position in Walmart Inc. (NYSE:WMT)

SteelPeak Wealth LLC reduced its holdings in Walmart Inc. (NYSE:WMT) by 2.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 49,669 shares of the retailer’s stock after selling 1,001 shares during the period. SteelPeak Wealth LLC’s holdings in Walmart were worth $4,498,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. NorthStar Asset Management LLC NJ purchased a new position in Walmart during the fourth quarter valued at approximately $213,000. Mayflower Financial Advisors LLC grew its stake in shares of Walmart by 7.2% during the 4th quarter. Mayflower Financial Advisors LLC now owns 7,491 shares of the retailer’s stock worth $677,000 after purchasing an additional 504 shares during the period. Kennedy Investment Group increased its holdings in shares of Walmart by 2.4% during the 4th quarter. Kennedy Investment Group now owns 6,745 shares of the retailer’s stock valued at $609,000 after purchasing an additional 160 shares in the last quarter. BSW Wealth Partners boosted its holdings in Walmart by 2.3% during the fourth quarter. BSW Wealth Partners now owns 11,875 shares of the retailer’s stock worth $1,073,000 after buying an additional 266 shares in the last quarter. Finally, Watershed Private Wealth LLC grew its position in Walmart by 22.0% during the fourth quarter. Watershed Private Wealth LLC now owns 5,814 shares of the retailer’s stock valued at $525,000 after buying an additional 1,050 shares during the period. Institutional investors and hedge funds own 26.76% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the stock. DZ Bank lowered shares of Walmart from a “buy” rating to a “hold” rating and set a $91.00 target price on the stock. in a research note on Thursday, November 21st. Barclays increased their price target on Walmart from $90.00 to $98.00 and gave the stock an “overweight” rating in a research report on Thursday, January 9th. Robert W. Baird upped their target price on Walmart from $90.00 to $100.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 20th. Wells Fargo & Company lifted their price target on shares of Walmart from $96.00 to $100.00 and gave the company an “overweight” rating in a research note on Friday, January 10th. Finally, UBS Group upped their price objective on shares of Walmart from $92.00 to $100.00 and gave the stock a “buy” rating in a research report on Wednesday, November 20th. Two analysts have rated the stock with a hold rating, twenty-nine have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $94.69.

Insider Activity at Walmart

In other news, Director Robert Edward Jr. Moritz bought 5,446 shares of the company’s stock in a transaction on Wednesday, November 27th. The stock was bought at an average cost of $91.81 per share, with a total value of $499,997.26. Following the transaction, the director now directly owns 7,805 shares in the company, valued at $716,577.05. The trade was a 230.86 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO C Douglas Mcmillon sold 29,124 shares of the stock in a transaction dated 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 sale, the chief executive officer now directly owns 3,766,491 shares in the company, valued at $348,852,396.42. This represents a 0.77 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 137,177 shares of company stock worth $12,649,328. Insiders own 45.58% of the company’s stock.

Walmart Price Performance

NYSE:WMT opened at $98.61 on Friday. Walmart Inc. has a 52 week low of $55.04 and a 52 week high of $98.93. The stock’s fifty day moving average is $92.71 and its two-hundred day moving average is $82.79. The company has a market capitalization of $792.15 billion, a P/E ratio of 40.47, a P/E/G 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.

Walmart (NYSE:WMT) last announced 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 company had revenue of $169.59 billion during the quarter, compared to analyst estimates of $167.69 billion. During the same quarter last year, the firm posted $0.51 earnings per share. Walmart’s revenue was up 5.5% compared to the same quarter last year. Equities analysts expect that Walmart Inc. will post 2.48 EPS for the current year.

Walmart 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.