Walmart Inc. (NYSE:WMT) Shares Sold by Commonwealth Financial Services LLC

Commonwealth Financial Services LLC lowered its stake in shares of Walmart Inc. (NYSE:WMT) by 2.9% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 25,463 shares of the retailer’s stock after selling 753 shares during the quarter. Commonwealth Financial Services LLC’s holdings in Walmart were worth $2,301,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in WMT. Peterson Financial Group Inc. acquired a new position in Walmart during the 3rd quarter worth $26,000. Fiduciary Advisors Inc. acquired a new position in Walmart during the 4th quarter worth $27,000. Voisard Asset Management Group Inc. boosted its position in Walmart by 77.3% during 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 period. Decker Retirement Planning Inc. acquired a new position in Walmart during the 4th quarter worth $32,000. Finally, Hoese & Co LLP acquired a new position in Walmart during the 3rd quarter worth $33,000. Institutional investors and hedge funds own 26.76% of the company’s stock.

Walmart Stock Up 1.7 %

Shares of Walmart stock opened at $102.47 on Thursday. The stock has a 50-day moving average price of $93.46 and a 200 day moving average price of $83.69. The company has a market cap of $823.21 billion, a P/E ratio of 42.05, a P/E/G ratio of 4.49 and a beta of 0.55. The company has a current ratio of 0.85, a quick ratio of 0.23 and a debt-to-equity ratio of 0.42. Walmart Inc. has a 1 year low of $55.85 and a 1 year high of $102.58.

Walmart (NYSE:WMT) last issued 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 return on equity of 21.78% and a net margin of 2.92%. The company had revenue of $169.59 billion for the quarter, compared to analyst estimates of $167.69 billion. During the same period in the prior year, the firm posted $0.51 EPS. The business’s revenue was up 5.5% compared to the same quarter last year. As a group, analysts expect that Walmart Inc. will post 2.48 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

WMT has been the subject of a number of analyst reports. Morgan Stanley boosted their price target on Walmart from $100.00 to $106.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 21st. Bank of America boosted their price target on Walmart from $95.00 to $105.00 and gave the stock a “buy” rating in a research report on Wednesday, November 20th. BMO Capital Markets boosted their price target on Walmart from $80.00 to $100.00 and gave the stock an “outperform” rating in a research report on Monday, November 18th. TD Cowen boosted their price objective on Walmart from $90.00 to $100.00 and gave the stock a “buy” rating in a research note on Wednesday, November 20th. Finally, Royal Bank of Canada reissued an “outperform” rating and issued a $105.00 price objective on shares of Walmart in a research note on Wednesday, January 15th. Two research analysts have rated the stock with a hold rating, twenty-nine have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $96.01.

Insiders Place Their Bets

In other Walmart news, EVP Daniel J. Bartlett sold 1,830 shares of the company’s stock in a transaction dated Wednesday, January 15th. The stock was sold at an average price of $91.07, for a total value of $166,658.10. Following the transaction, the executive vice president now directly owns 460,705 shares of the company’s stock, valued at $41,956,404.35. This represents a 0.40 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO C Douglas Mcmillon sold 29,124 shares of the company’s stock in a transaction dated Wednesday, November 27th. The stock was sold at an average price of $91.44, for a total value of $2,663,098.56. Following the completion of the transaction, the chief executive officer now directly owns 3,814,805 shares in the company, valued at approximately $348,825,769.20. The trade was a 0.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 175,177 shares of company stock valued at $16,403,728 in the last three months. Insiders own 45.58% of the company’s stock.

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.