Quotient Wealth Partners LLC Cuts Stock Position in Walmart Inc. (NYSE:WMT)

Quotient Wealth Partners LLC lessened its holdings in shares of Walmart Inc. (NYSE:WMT) by 1.0% during the 4th quarter, Holdings Channel reports. The firm owned 24,714 shares of the retailer’s stock after selling 245 shares during the period. Quotient Wealth Partners LLC’s holdings in Walmart were worth $2,233,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Peterson Financial Group Inc. purchased a new position in shares of Walmart in the 3rd quarter valued at about $26,000. Fiduciary Advisors Inc. acquired a new stake in Walmart in the fourth quarter valued at approximately $27,000. Voisard Asset Management Group Inc. lifted its stake 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 during the last quarter. Decker Retirement Planning Inc. acquired a new position in Walmart during the 4th quarter worth approximately $32,000. Finally, Livelsberger Financial Advisory purchased a new stake in shares of Walmart in the 3rd quarter valued at approximately $36,000. Hedge funds and other institutional investors own 26.76% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently issued reports on WMT. Truist Financial lifted their price objective on shares of Walmart from $89.00 to $98.00 and gave the stock a “buy” rating in a research report on Wednesday, November 20th. Tigress Financial upped their price objective on Walmart from $86.00 to $115.00 and gave the stock a “buy” rating in a research report on Friday, December 13th. Morgan Stanley raised their target price on Walmart from $100.00 to $106.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 21st. Royal Bank of Canada restated an “outperform” rating and set a $105.00 target price on shares of Walmart in a research note on Wednesday, January 15th. Finally, Stifel Nicolaus increased their price target on shares of Walmart from $89.00 to $94.00 and gave the company a “hold” rating in a research note 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 assigned a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $96.95.

Walmart Stock Up 1.6 %

Shares of NYSE:WMT opened at $102.77 on Tuesday. Walmart Inc. has a fifty-two week low of $55.85 and a fifty-two week high of $103.11. The company has a quick ratio of 0.23, a current ratio of 0.85 and a debt-to-equity ratio of 0.42. The firm’s 50-day simple moving average is $94.07 and its 200-day simple moving average is $84.36. The company has a market cap of $825.62 billion, a price-to-earnings ratio of 42.18, a PEG ratio of 4.25 and a beta of 0.55.

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

Insider Buying and Selling

In other news, CEO C Douglas Mcmillon sold 29,124 shares of the company’s stock in a transaction 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 directly owns 3,814,805 shares of the company’s stock, valued at $348,825,769.20. This represents a 0.76 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP David Chojnowski sold 5,600 shares of the firm’s stock in a transaction dated Wednesday, November 27th. The shares were sold at an average price of $91.45, for a total transaction of $512,120.00. Following the completion of the sale, the senior vice president now owns 87,404 shares of the company’s stock, valued at $7,993,095.80. This trade represents a 6.02 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 175,177 shares of company stock valued at $16,403,728 over the last quarter. Company insiders own 45.58% of the company’s stock.

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.