Cutler Investment Counsel LLC Has $22.04 Million Stake in Walmart Inc. (NYSE:WMT)

Cutler Investment Counsel LLC trimmed its stake in Walmart Inc. (NYSE:WMT) by 1.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 243,350 shares of the retailer’s stock after selling 4,743 shares during the period. Walmart makes up approximately 2.7% of Cutler Investment Counsel LLC’s portfolio, making the stock its 9th biggest holding. Cutler Investment Counsel LLC’s holdings in Walmart were worth $22,037,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of the stock. Peterson Financial Group Inc. purchased a new position in Walmart in the third quarter worth $26,000. Fiduciary Advisors Inc. bought a new position in shares of Walmart during the 4th quarter valued at about $27,000. Voisard Asset Management Group Inc. lifted its position in Walmart by 77.3% in the 3rd quarter. Voisard Asset Management Group Inc. now owns 399 shares of the retailer’s stock worth $32,000 after buying an additional 174 shares during the last quarter. Decker Retirement Planning Inc. bought a new position in Walmart during the fourth quarter valued at approximately $32,000. Finally, Livelsberger Financial Advisory purchased a new position in shares of Walmart during the third quarter worth approximately $36,000. 26.76% of the stock is currently owned by institutional investors.

Insider Transactions at Walmart

In other news, Director Robert Edward Jr. Moritz purchased 5,446 shares of the stock in a transaction on Wednesday, November 27th. The shares were acquired at an average price of $91.81 per share, with a total value of $499,997.26. Following the completion of the acquisition, the director now directly owns 7,805 shares of the company’s stock, valued at $716,577.05. This trade represents a 230.86 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP John D. Rainey sold 38,000 shares of the company’s stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $98.80, for a total transaction of $3,754,400.00. Following the completion of the transaction, the executive vice president now directly owns 257,281 shares of the company’s stock, valued at $25,419,362.80. This represents a 12.87 % decrease in their position. 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. Insiders own 45.58% of the company’s stock.

Walmart Trading Down 1.0 %

NYSE:WMT opened at $104.04 on Tuesday. The company’s 50 day moving average price is $94.99 and its 200-day moving average price is $85.56. The company has a quick ratio of 0.23, a current ratio of 0.85 and a debt-to-equity ratio of 0.42. Walmart Inc. has a 52 week low of $55.99 and a 52 week high of $105.30. The stock has a market cap of $835.78 billion, a price-to-earnings ratio of 42.70, a PEG ratio of 4.25 and a beta of 0.55.

Walmart (NYSE:WMT) last announced its quarterly earnings results on Tuesday, November 19th. The retailer reported $0.58 EPS for the quarter, topping analysts’ consensus estimates of $0.53 by $0.05. The firm had revenue of $169.59 billion during the quarter, compared to analyst estimates of $167.69 billion. Walmart had a net margin of 2.92% and a return on equity of 21.78%. The business’s revenue for the quarter was up 5.5% on a year-over-year basis. During the same period in the previous year, the business posted $0.51 earnings per share. On average, equities research analysts forecast that Walmart Inc. will post 2.48 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the stock. Stifel Nicolaus lifted their target price on shares of Walmart from $89.00 to $94.00 and gave the stock a “hold” rating in a research report on Tuesday, December 10th. JPMorgan Chase & Co. raised their price target on Walmart from $97.00 to $112.00 and gave the stock an “overweight” rating in a research report on Monday, February 10th. Telsey Advisory Group increased their price target on shares of Walmart from $105.00 to $115.00 and gave the company an “outperform” rating in a research report on Wednesday, February 12th. Royal Bank of Canada reiterated an “outperform” rating and issued a $105.00 price objective on shares of Walmart in a report on Wednesday, January 15th. Finally, Evercore ISI upped their target price on Walmart from $94.00 to $96.00 and gave the company an “outperform” rating in a report on Tuesday, December 3rd. Two equities research analysts have rated the stock with a hold rating, twenty-nine have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $100.53.

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.