Rice Partnership LLC Sells 345 Shares of Walmart Inc. (NYSE:WMT)

Rice Partnership LLC lowered its position in Walmart Inc. (NYSE:WMT) by 1.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 19,670 shares of the retailer’s stock after selling 345 shares during the period. Rice Partnership LLC’s holdings in Walmart were worth $1,777,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Peterson Financial Group Inc. acquired a new stake in shares of Walmart in the 3rd quarter worth about $26,000. Fiduciary Advisors Inc. purchased a new stake in shares of Walmart in the fourth quarter worth approximately $27,000. Voisard Asset Management Group Inc. lifted 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 valued at $32,000 after purchasing an additional 174 shares in the last quarter. Decker Retirement Planning Inc. purchased a new position in shares of Walmart during the fourth quarter valued at approximately $32,000. Finally, Hoese & Co LLP bought a new stake in Walmart during the third quarter worth $33,000. Institutional investors and hedge funds own 26.76% of the company’s stock.

Wall Street Analyst Weigh In

WMT has been the topic of several recent analyst reports. Telsey Advisory Group lifted their price objective on shares of Walmart from $92.00 to $100.00 and gave the stock an “outperform” rating in a report on Tuesday, November 19th. KeyCorp increased their price objective on shares of Walmart from $96.00 to $100.00 and gave the company an “overweight” rating in a research note on Wednesday, December 11th. Truist Financial lifted their target price on Walmart from $89.00 to $98.00 and gave the stock a “buy” rating in a research note on Wednesday, November 20th. Sanford C. Bernstein raised their price objective on shares of Walmart from $98.00 to $102.00 and gave the stock an “outperform” rating in a report on Wednesday, November 20th. Finally, TD Cowen increased their target price on shares of Walmart from $90.00 to $100.00 and gave the company a “buy” rating in a research report on Wednesday, November 20th. Two investment 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. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $95.37.

Walmart Price Performance

WMT stock opened at $100.92 on Wednesday. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.23 and a current ratio of 0.85. The firm has a market capitalization of $810.71 billion, a price-to-earnings ratio of 41.42, a PEG ratio of 4.49 and a beta of 0.55. The firm has a 50 day moving average price of $93.27 and a 200-day moving average price of $83.48. Walmart Inc. has a 52-week low of $55.85 and a 52-week high of $100.95.

Walmart (NYSE:WMT) last announced its quarterly earnings data 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. Walmart had a return on equity of 21.78% and a net margin of 2.92%. The business had revenue of $169.59 billion during the quarter, compared to analysts’ expectations of $167.69 billion. During the same quarter in the previous year, the business earned $0.51 earnings per share. The firm’s quarterly revenue was up 5.5% compared to the same quarter last year. Equities research analysts forecast that Walmart Inc. will post 2.48 EPS for the current fiscal year.

Insider Activity at Walmart

In other news, EVP Daniel J. Bartlett sold 1,830 shares of the company’s 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 transaction, the executive vice president now owns 460,705 shares in the company, valued at approximately $41,956,404.35. This represents a 0.40 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO C Douglas Mcmillon sold 29,124 shares of the firm’s stock in a transaction that occurred on Wednesday, November 27th. The shares were sold at an average price of $91.44, for a total transaction of $2,663,098.56. Following the sale, the chief executive officer now directly owns 3,814,805 shares of the company’s stock, valued at $348,825,769.20. This trade represents a 0.76 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 137,177 shares of company stock valued at $12,649,328. 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.