Onyx Bridge Wealth Group LLC Decreases Holdings in Walmart Inc. (NYSE:WMT)

Onyx Bridge Wealth Group LLC trimmed its holdings in shares of Walmart Inc. (NYSE:WMT) by 2.0% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 8,456 shares of the retailer’s stock after selling 171 shares during the period. Onyx Bridge Wealth Group LLC’s holdings in Walmart were worth $764,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Geode Capital Management LLC boosted its position in Walmart by 3.3% during the 3rd quarter. Geode Capital Management LLC now owns 87,617,409 shares of the retailer’s stock worth $7,048,465,000 after purchasing an additional 2,786,061 shares during the period. FMR LLC lifted its holdings in Walmart by 12.9% in the 3rd quarter. FMR LLC now owns 63,135,639 shares of the retailer’s stock worth $5,098,203,000 after buying an additional 7,200,004 shares in the last quarter. Fisher Asset Management LLC lifted its holdings in Walmart by 4.6% in the 3rd quarter. Fisher Asset Management LLC now owns 47,659,844 shares of the retailer’s stock worth $3,848,533,000 after buying an additional 2,107,197 shares in the last quarter. Franklin Resources Inc. lifted its holdings in Walmart by 3.7% in the 3rd quarter. Franklin Resources Inc. now owns 41,501,782 shares of the retailer’s stock worth $3,392,658,000 after buying an additional 1,480,927 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its holdings in Walmart by 1.1% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 31,236,769 shares of the retailer’s stock worth $2,522,369,000 after buying an additional 350,881 shares in the last quarter. 26.76% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have commented on WMT. Oppenheimer boosted their price objective on shares of Walmart from $100.00 to $110.00 and gave the stock an “outperform” rating in a report on Wednesday. Evercore ISI boosted their price objective on shares of Walmart from $94.00 to $96.00 and gave the stock an “outperform” rating in a report on Tuesday, December 3rd. UBS Group boosted their price objective on shares of Walmart from $100.00 to $113.00 and gave the stock a “buy” rating in a report on Friday, January 31st. TD Cowen boosted their price objective on shares of Walmart from $90.00 to $100.00 and gave the stock a “buy” rating in a report on Wednesday, November 20th. Finally, Guggenheim upped their target price on shares of Walmart from $90.00 to $100.00 and gave the company a “buy” rating in a research note on Wednesday, November 20th. Two research analysts have rated the stock with a hold rating, twenty-nine have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, Walmart currently has an average rating of “Moderate Buy” and an average target price of $96.01.

Insider Activity

In other news, SVP David Chojnowski sold 5,600 shares of the stock in a transaction that occurred on Wednesday, November 27th. The shares were sold at an average price of $91.45, for a total value of $512,120.00. Following the completion of the transaction, the senior vice president now directly owns 87,404 shares in the company, valued at $7,993,095.80. This trade represents a 6.02 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO C Douglas Mcmillon sold 29,124 shares of the 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 completion of the transaction, the chief executive officer now owns 3,814,805 shares of the company’s stock, valued at $348,825,769.20. This trade 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 over the last three months. Corporate insiders own 45.58% of the company’s stock.

Walmart Price Performance

NYSE WMT opened at $101.17 on Friday. Walmart Inc. has a 52 week low of $55.85 and a 52 week high of $103.11. 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 stock has a market cap of $812.73 billion, a price-to-earnings ratio of 41.52, a price-to-earnings-growth ratio of 4.49 and a beta of 0.55. The company has a 50-day moving average price of $93.89 and a two-hundred day moving average price of $83.95.

Walmart (NYSE:WMT) last posted its earnings results on Tuesday, November 19th. The retailer reported $0.58 EPS for the quarter, topping the consensus estimate of $0.53 by $0.05. The firm 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% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.51 EPS. Analysts forecast that Walmart Inc. will post 2.48 EPS for the current 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.