Fonville Wealth Management LLC Has $351,000 Stake in Walmart Inc. (NYSE:WMT)

Fonville Wealth Management LLC decreased its position in shares of Walmart Inc. (NYSE:WMT) by 3.4% in the fourth quarter, Holdings Channel reports. The fund owned 3,886 shares of the retailer’s stock after selling 137 shares during the period. Fonville Wealth Management LLC’s holdings in Walmart were worth $351,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently bought and sold shares of WMT. Ferguson Wellman Capital Management Inc. increased its holdings in shares of Walmart by 4.8% during the 4th quarter. Ferguson Wellman Capital Management Inc. now owns 1,064,228 shares of the retailer’s stock worth $96,153,000 after purchasing an additional 48,819 shares during the period. Canvas Wealth Advisors LLC increased its stake in Walmart by 1.5% in the fourth quarter. Canvas Wealth Advisors LLC now owns 17,558 shares of the retailer’s stock valued at $1,590,000 after acquiring an additional 260 shares during the period. Angeles Wealth Management LLC increased its stake in Walmart by 14.2% in the fourth quarter. Angeles Wealth Management LLC now owns 13,949 shares of the retailer’s stock valued at $1,260,000 after acquiring an additional 1,734 shares during the period. OMC Financial Services LTD increased its stake in Walmart by 3.6% in the fourth quarter. OMC Financial Services LTD now owns 32,546 shares of the retailer’s stock valued at $2,941,000 after acquiring an additional 1,122 shares during the period. Finally, Legacy Financial Strategies LLC increased its stake in Walmart by 101.9% in the fourth quarter. Legacy Financial Strategies LLC now owns 10,410 shares of the retailer’s stock valued at $937,000 after acquiring an additional 5,253 shares during the period. Institutional investors and hedge funds own 26.76% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on WMT. Barclays upped their target price on shares of Walmart from $90.00 to $98.00 and gave the company an “overweight” rating in a research note on Thursday, January 9th. JPMorgan Chase & Co. upped their price objective on shares of Walmart from $97.00 to $112.00 and gave the stock an “overweight” rating in a research note on Monday. Jefferies Financial Group upped their price objective on shares of Walmart from $105.00 to $111.00 and gave the stock a “buy” rating in a research note on Tuesday, December 17th. Sanford C. Bernstein upped their price objective on shares of Walmart from $98.00 to $102.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 20th. Finally, Robert W. Baird upped their price objective on shares of Walmart from $90.00 to $100.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 20th. Two research analysts have rated the stock with a hold rating, twenty-nine have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $96.95.

Walmart Stock Performance

NYSE WMT opened at $102.77 on Tuesday. The firm has a 50-day moving average of $94.07 and a 200-day moving average of $84.36. 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 stock has a market cap of $825.62 billion, a PE ratio of 42.18, a P/E/G ratio of 4.25 and a beta of 0.55. Walmart Inc. has a 52-week low of $55.85 and a 52-week high of $103.11.

Walmart (NYSE:WMT) last posted its earnings results on Tuesday, November 19th. The retailer reported $0.58 earnings per share (EPS) for the quarter, topping 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 net margin of 2.92% and a return on equity of 21.78%. Walmart’s quarterly revenue was up 5.5% compared to the same quarter last year. During the same quarter last year, the company posted $0.51 EPS. On average, sell-side analysts anticipate that Walmart Inc. will post 2.48 EPS for the current year.

Insiders Place Their Bets

In other Walmart news, EVP Daniel J. Bartlett sold 1,830 shares of the firm’s stock in a transaction dated 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 directly owns 460,705 shares of the company’s stock, valued at $41,956,404.35. This trade represents a 0.40 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO C Douglas Mcmillon sold 29,124 shares of the firm’s stock in a transaction dated 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 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. This represents a 0.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 175,177 shares of company stock worth $16,403,728 in the last quarter. 45.58% of the stock is currently owned by corporate 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.