Hourglass Capital LLC Cuts Stock Holdings in Walmart Inc. (NYSE:WMT)

Hourglass Capital LLC lowered its holdings in Walmart Inc. (NYSE:WMT) by 0.3% in the 4th quarter, Holdings Channel.com reports. The fund owned 79,493 shares of the retailer’s stock after selling 225 shares during the quarter. Walmart comprises approximately 2.0% of Hourglass Capital LLC’s portfolio, making the stock its 16th largest holding. Hourglass Capital LLC’s holdings in Walmart were worth $7,182,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the business. SC&H Financial Advisors Inc. increased its position in shares of Walmart by 1.0% in the fourth quarter. SC&H Financial Advisors Inc. now owns 10,232 shares of the retailer’s stock worth $924,000 after acquiring an additional 103 shares in the last quarter. Scarborough Advisors LLC increased its position in shares of Walmart by 2.0% in the fourth quarter. Scarborough Advisors LLC now owns 5,584 shares of the retailer’s stock worth $505,000 after acquiring an additional 109 shares in the last quarter. Dakota Community Bank & Trust NA increased its position in shares of Walmart by 4.0% in the fourth quarter. Dakota Community Bank & Trust NA now owns 2,879 shares of the retailer’s stock worth $260,000 after acquiring an additional 110 shares in the last quarter. Rooted Wealth Advisors Inc. increased its position in shares of Walmart by 2.6% in the fourth quarter. Rooted Wealth Advisors Inc. now owns 4,344 shares of the retailer’s stock worth $394,000 after acquiring an additional 110 shares in the last quarter. Finally, Hobart Private Capital LLC increased its position in shares of Walmart by 1.6% in the fourth quarter. Hobart Private Capital LLC now owns 6,926 shares of the retailer’s stock worth $626,000 after acquiring an additional 111 shares in the last quarter. Institutional investors and hedge funds own 26.76% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on WMT shares. Roth Mkm increased their price objective on shares of Walmart from $81.00 to $97.00 and gave the stock a “buy” rating in a research report on Wednesday, November 20th. Citigroup raised their price target on shares of Walmart from $98.00 to $120.00 and gave the company a “buy” rating in a report on Tuesday, February 11th. Tigress Financial raised their price target on shares of Walmart from $86.00 to $115.00 and gave the company a “buy” rating in a report on Friday, December 13th. Evercore ISI raised their price target on shares of Walmart from $94.00 to $96.00 and gave the company an “outperform” rating in a report on Tuesday, December 3rd. Finally, Barclays raised their price target on shares of Walmart from $98.00 to $108.00 and gave the company an “overweight” rating in a report on Friday. Two research analysts have rated the stock with a hold rating, twenty-nine have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Walmart presently has a consensus rating of “Moderate Buy” and a consensus target price of $100.53.

Insider Activity at Walmart

In related news, CEO C Douglas Mcmillon sold 29,124 shares of Walmart stock in a transaction dated Wednesday, November 27th. The shares were sold at an average price of $91.44, for a total value of $2,663,098.56. Following the sale, the chief executive officer now directly owns 3,814,805 shares in the company, valued at $348,825,769.20. This trade represents a 0.76 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Daniel J. Bartlett sold 1,830 shares of the business’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 sale, the executive vice president now owns 460,705 shares in the company, valued at $41,956,404.35. This trade represents 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 in the last ninety days. 45.58% of the stock is owned by insiders.

Walmart Trading Down 1.0 %

Walmart stock opened at $104.04 on Monday. The company has a market cap of $835.78 billion, a P/E ratio of 42.70, a PEG ratio of 4.25 and a beta of 0.55. The firm’s 50-day moving average is $94.99 and its 200-day moving average is $85.44. Walmart Inc. has a 1 year low of $55.99 and a 1 year high of $105.30. 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 (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 the consensus estimate 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% compared to the same quarter last year. During the same period last year, the firm posted $0.51 EPS. On average, equities analysts expect that Walmart Inc. will post 2.48 earnings per share 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.