Walmart Inc. (NYSE:WMT) Holdings Decreased by Harbour Trust & Investment Management Co

Harbour Trust & Investment Management Co reduced its stake in shares of Walmart Inc. (NYSE:WMT) by 2.4% during the fourth quarter, Holdings Channel.com reports. The firm owned 12,499 shares of the retailer’s stock after selling 313 shares during the period. Harbour Trust & Investment Management Co’s holdings in Walmart were worth $1,129,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Fiduciary Advisors Inc. bought a new stake in shares of Walmart during the fourth quarter valued at about $27,000. Peterson Financial Group Inc. bought a new stake in Walmart in the third quarter worth about $26,000. Decker Retirement Planning Inc. bought a new stake in Walmart in the fourth quarter worth about $32,000. Voisard Asset Management Group Inc. raised its position in Walmart by 77.3% in the third quarter. Voisard Asset Management Group Inc. now owns 399 shares of the retailer’s stock worth $32,000 after acquiring an additional 174 shares in the last quarter. Finally, Livelsberger Financial Advisory bought a new stake in Walmart in the third quarter worth about $36,000. 26.76% of the stock is currently owned by institutional investors.

Insider Activity at Walmart

In related news, 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 transaction, the chief executive officer now owns 3,814,805 shares of the company’s stock, valued at approximately $348,825,769.20. This trade represents a 0.76 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Robert Edward Jr. Moritz acquired 5,446 shares of the business’s stock in a transaction that occurred on Wednesday, November 27th. The shares were acquired at an average cost of $91.81 per share, for a total transaction of $499,997.26. Following the transaction, the director now owns 7,805 shares of the company’s stock, valued at approximately $716,577.05. This represents a 230.86 % increase in their position. The disclosure for this purchase can be found here. Over the last quarter, insiders have sold 175,177 shares of company stock valued at $16,403,728. 45.58% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the stock. Robert W. Baird boosted their price target on shares of Walmart from $90.00 to $100.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 20th. Morgan Stanley boosted their price target on shares of Walmart from $100.00 to $106.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 21st. Oppenheimer boosted their price target on shares of Walmart from $100.00 to $110.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 5th. Wells Fargo & Company lifted their price target on Walmart from $100.00 to $108.00 and gave the stock an “overweight” rating in a research note on Monday, February 3rd. Finally, Stifel Nicolaus raised their target price on shares of Walmart from $89.00 to $94.00 and gave the stock a “hold” rating in a report on Tuesday, December 10th. Two research analysts have rated the stock with a hold rating, twenty-nine have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $96.95.

Walmart Price Performance

Shares of WMT opened at $102.77 on Tuesday. The firm has a market cap of $825.62 billion, a PE ratio of 42.18, a PEG ratio of 4.25 and a beta of 0.55. The firm’s 50 day moving average price is $94.07 and its 200 day moving average price is $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. Walmart Inc. has a twelve month low of $55.85 and a twelve month high of $103.11.

Walmart (NYSE:WMT) last issued its quarterly earnings data on Tuesday, November 19th. The retailer reported $0.58 earnings per share for the quarter, beating the consensus estimate of $0.53 by $0.05. The firm had revenue of $169.59 billion for the quarter, compared to analyst estimates of $167.69 billion. Walmart had a net margin of 2.92% and a return on equity of 21.78%. The company’s revenue for the quarter was up 5.5% on a year-over-year basis. During the same quarter last year, the firm earned $0.51 earnings per share. As a group, research analysts expect that Walmart Inc. will post 2.48 EPS for the current fiscal year.

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.