Trivant Custom Portfolio Group LLC Has $4.76 Million Holdings in Walmart Inc. (NYSE:WMT)

Trivant Custom Portfolio Group LLC lessened its stake in Walmart Inc. (NYSE:WMT) by 1.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 52,643 shares of the retailer’s stock after selling 640 shares during the quarter. Walmart makes up approximately 2.8% of Trivant Custom Portfolio Group LLC’s portfolio, making the stock its 10th biggest holding. Trivant Custom Portfolio Group LLC’s holdings in Walmart were worth $4,756,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of the company. Geode Capital Management LLC raised its position in shares of Walmart by 3.3% in the third quarter. Geode Capital Management LLC now owns 87,617,409 shares of the retailer’s stock valued at $7,048,465,000 after purchasing an additional 2,786,061 shares during the period. FMR LLC raised its holdings in Walmart by 12.9% during the 3rd quarter. FMR LLC now owns 63,135,639 shares of the retailer’s stock valued at $5,098,203,000 after acquiring an additional 7,200,004 shares during the period. Fisher Asset Management LLC lifted its position in shares of Walmart by 4.6% during the third quarter. Fisher Asset Management LLC now owns 47,659,844 shares of the retailer’s stock worth $3,848,533,000 after acquiring an additional 2,107,197 shares in the last quarter. Franklin Resources Inc. lifted its position in shares of Walmart by 3.7% during the third quarter. Franklin Resources Inc. now owns 41,501,782 shares of the retailer’s stock worth $3,392,658,000 after acquiring an additional 1,480,927 shares in the last quarter. Finally, Legal & General Group Plc boosted its holdings in shares of Walmart by 1.8% in the second quarter. Legal & General Group Plc now owns 36,282,740 shares of the retailer’s stock worth $2,456,704,000 after acquiring an additional 644,353 shares during the period. Hedge funds and other institutional investors own 26.76% of the company’s stock.

Insider Activity

In other Walmart news, EVP John R. Furner sold 13,125 shares of the business’s stock in a transaction on Thursday, October 24th. The shares were sold at an average price of $82.96, for a total transaction of $1,088,850.00. Following the transaction, the executive vice president now directly owns 593,040 shares of the company’s stock, valued at approximately $49,198,598.40. The trade was a 2.17 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO C Douglas Mcmillon sold 29,124 shares of the company’s stock in a transaction on Thursday, October 24th. The stock was sold at an average price of $82.79, for a total transaction of $2,411,175.96. Following the completion of the transaction, the chief executive officer now owns 3,843,929 shares of the company’s stock, valued at $318,238,881.91. This trade represents a 0.75 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 140,177 shares of company stock valued at $12,478,149. Insiders own 45.58% of the company’s stock.

Walmart Price Performance

Shares of Walmart stock opened at $92.02 on Friday. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.85 and a quick ratio of 0.23. Walmart Inc. has a one year low of $53.44 and a one year high of $96.18. The business’s 50 day simple moving average is $91.15 and its two-hundred day simple moving average is $81.27. The stock has a market capitalization of $739.19 billion, a P/E ratio of 37.76, a price-to-earnings-growth ratio of 4.41 and a beta of 0.55.

Walmart (NYSE:WMT) last issued 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. Walmart had a net margin of 2.92% and a return on equity of 21.78%. The company had revenue of $169.59 billion for the quarter, compared to the consensus estimate of $167.69 billion. During the same period in the previous year, the firm earned $0.51 earnings per share. The firm’s revenue for the quarter was up 5.5% on a year-over-year basis. Analysts forecast that Walmart Inc. will post 2.47 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the company. Roth Mkm increased their price objective on Walmart from $81.00 to $97.00 and gave the stock a “buy” rating in a report on Wednesday, November 20th. Sanford C. Bernstein raised their price objective on shares of Walmart from $98.00 to $102.00 and gave the company an “outperform” rating in a research report on Wednesday, November 20th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $105.00 price objective on shares of Walmart in a research note on Wednesday. Tigress Financial increased their target price on shares of Walmart from $86.00 to $115.00 and gave the stock a “buy” rating in a research note on Friday, December 13th. Finally, UBS Group boosted their price target on shares of Walmart from $92.00 to $100.00 and gave the company a “buy” rating in a research report on Wednesday, November 20th. Two equities research analysts have rated the stock with a hold rating, twenty-nine have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $94.49.

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.