Walmart Inc. (NYSE:WMT) Shares Sold by Eagle Rock Investment Company LLC

Eagle Rock Investment Company LLC reduced its stake in shares of Walmart Inc. (NYSE:WMT) by 24.3% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 9,895 shares of the retailer’s stock after selling 3,174 shares during the period. Eagle Rock Investment Company LLC’s holdings in Walmart were worth $894,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in WMT. Intech Investment Management LLC raised its position in Walmart by 5.1% during the second quarter. Intech Investment Management LLC now owns 1,197,490 shares of the retailer’s stock valued at $81,082,000 after acquiring an additional 58,542 shares in the last quarter. Brighton Jones LLC increased its holdings in shares of Walmart by 6.7% during the 2nd quarter. Brighton Jones LLC now owns 80,261 shares of the retailer’s stock valued at $5,434,000 after purchasing an additional 5,008 shares in the last quarter. Ieq Capital LLC lifted its stake in shares of Walmart by 12.8% in the 2nd quarter. Ieq Capital LLC now owns 217,577 shares of the retailer’s stock valued at $14,732,000 after purchasing an additional 24,615 shares during the period. Trust Investment Advisors purchased a new stake in Walmart during the second quarter worth $221,000. Finally, Benjamin F. Edwards & Company Inc. grew its position in Walmart by 159.3% during the second quarter. Benjamin F. Edwards & Company Inc. now owns 595,653 shares of the retailer’s stock valued at $40,332,000 after buying an additional 365,914 shares during the period. 26.76% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the stock. KeyCorp upped their price objective on shares of Walmart from $96.00 to $100.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 11th. Barclays increased their price target on Walmart from $90.00 to $98.00 and gave the stock an “overweight” rating in a research report on Thursday, January 9th. Melius Research started coverage on Walmart in a research report on Monday, September 23rd. They issued a “buy” rating and a $95.00 price objective for the company. Wells Fargo & Company increased their target price on Walmart from $96.00 to $100.00 and gave the company an “overweight” rating in a research report on Friday, January 10th. Finally, Telsey Advisory Group boosted their price target on shares of Walmart from $92.00 to $100.00 and gave the stock an “outperform” rating in a report on Tuesday, November 19th. Two research analysts have rated the stock with a hold rating, twenty-nine have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, Walmart has an average rating of “Moderate Buy” and a consensus price target of $94.49.

Walmart Price Performance

Walmart stock opened at $92.02 on Friday. 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 50-day moving average price of $91.01 and a 200 day moving average price of $81.10. Walmart Inc. has a 12-month low of $53.44 and a 12-month high of $96.18. The stock has a market cap of $739.19 billion, a P/E ratio of 37.76, a PEG ratio of 4.41 and a beta of 0.55.

Walmart (NYSE:WMT) last announced its quarterly 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. Walmart had a net margin of 2.92% and a return on equity of 21.78%. The business had revenue of $169.59 billion during the quarter, compared to the consensus estimate of $167.69 billion. During the same quarter last year, the firm earned $0.51 EPS. The business’s revenue was up 5.5% compared to the same quarter last year. Sell-side analysts anticipate that Walmart Inc. will post 2.47 earnings per share for the current year.

Insider Buying and Selling at Walmart

In related news, EVP Daniel J. Bartlett sold 1,830 shares of the firm’s stock in a transaction dated Wednesday, January 15th. The stock was sold at an average price of $91.07, for a total transaction of $166,658.10. Following the completion of the sale, the executive vice president now directly owns 460,705 shares of the company’s stock, valued at approximately $41,956,404.35. This trade represents a 0.40 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP John R. Furner sold 13,125 shares of the company’s stock in a transaction dated Thursday, December 26th. The shares were sold at an average price of $92.60, for a total transaction of $1,215,375.00. Following the completion of the transaction, the executive vice president now directly owns 566,794 shares in the company, valued at $52,485,124.40. The trade was a 2.26 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 140,177 shares of company stock worth $12,478,149 over the last quarter. 45.58% of the stock is currently owned by company 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.