MADDEN SECURITIES Corp Decreases Stake in Walmart Inc. (NYSE:WMT)

MADDEN SECURITIES Corp lowered its holdings in Walmart Inc. (NYSE:WMT) by 9.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 47,846 shares of the retailer’s stock after selling 4,897 shares during the quarter. Walmart accounts for about 1.7% of MADDEN SECURITIES Corp’s investment portfolio, making the stock its 15th biggest holding. MADDEN SECURITIES Corp’s holdings in Walmart were worth $4,323,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of the business. Sapient Capital LLC grew its holdings in shares of Walmart by 2.2% in the fourth quarter. Sapient Capital LLC now owns 410,077 shares of the retailer’s stock worth $37,135,000 after acquiring an additional 8,683 shares during the period. Pineridge Advisors LLC grew its holdings in shares of Walmart by 14.5% in the fourth quarter. Pineridge Advisors LLC now owns 7,514 shares of the retailer’s stock worth $679,000 after acquiring an additional 953 shares during the period. Panoramic Capital Partners LLC bought a new stake in shares of Walmart in the fourth quarter worth $412,000. International Private Wealth Advisors LLC grew its holdings in shares of Walmart by 132.7% in the fourth quarter. International Private Wealth Advisors LLC now owns 9,128 shares of the retailer’s stock worth $825,000 after acquiring an additional 5,206 shares during the period. Finally, Arlington Trust Co LLC grew its holdings in shares of Walmart by 15.8% in the fourth quarter. Arlington Trust Co LLC now owns 24,219 shares of the retailer’s stock worth $2,188,000 after acquiring an additional 3,306 shares during the period. Hedge funds and other institutional investors own 26.76% of the company’s stock.

Walmart Price Performance

NYSE:WMT opened at $102.45 on Wednesday. The company has a current ratio of 0.85, a quick ratio of 0.23 and a debt-to-equity ratio of 0.42. The company has a market capitalization of $822.98 billion, a P/E ratio of 42.04, a P/E/G ratio of 4.25 and a beta of 0.55. Walmart Inc. has a 12 month low of $55.85 and a 12 month high of $103.11. The business’s 50-day moving average is $94.27 and its 200 day moving average is $84.59.

Walmart (NYSE:WMT) last issued 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 for the quarter, compared to the consensus estimate of $167.69 billion. During the same period in the prior year, the business posted $0.51 earnings per share. The company’s quarterly revenue was up 5.5% compared to the same quarter last year. On average, equities research analysts forecast that Walmart Inc. will post 2.48 earnings per share for the current fiscal year.

Insider Buying and Selling at Walmart

In other news, EVP John D. Rainey sold 38,000 shares of the stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $98.80, for a total value of $3,754,400.00. Following the sale, the executive vice president now directly owns 257,281 shares in the company, valued at approximately $25,419,362.80. This represents a 12.87 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Daniel J. Bartlett sold 1,830 shares of the stock in a transaction that occurred on Wednesday, January 15th. The stock was sold at an average price of $91.07, for a total value of $166,658.10. Following the completion of the sale, the executive vice president now owns 460,705 shares in the company, valued at approximately $41,956,404.35. The trade was a 0.40 % 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 worth $16,403,728 over the last ninety days. Company insiders own 45.58% of the company’s stock.

Analyst Ratings Changes

Several analysts recently commented on the company. Robert W. Baird lifted their price objective on Walmart from $90.00 to $100.00 and gave the stock an “outperform” rating in a report on Wednesday, November 20th. Royal Bank of Canada reissued an “outperform” rating and set a $105.00 price target on shares of Walmart in a report on Wednesday, January 15th. Oppenheimer boosted their price target on Walmart from $100.00 to $110.00 and gave the company an “outperform” rating in a report on Wednesday, February 5th. Telsey Advisory Group boosted their price target on Walmart from $92.00 to $100.00 and gave the company an “outperform” rating in a report on Tuesday, November 19th. Finally, Roth Mkm boosted their price target on Walmart from $81.00 to $97.00 and gave the company a “buy” rating in a 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 assigned a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $98.08.

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.