Walmart Inc. (NYSE:WMT) Stock Holdings Lessened by B & T Capital Management DBA Alpha Capital Management

B & T Capital Management DBA Alpha Capital Management cut its stake in shares of Walmart Inc. (NYSE:WMT) by 1.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 64,893 shares of the retailer’s stock after selling 757 shares during the quarter. B & T Capital Management DBA Alpha Capital Management’s holdings in Walmart were worth $5,863,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Peterson Financial Group Inc. acquired a new stake in shares of Walmart during the third quarter valued at approximately $26,000. Voisard Asset Management Group Inc. raised its stake in Walmart by 77.3% during the 3rd quarter. Voisard Asset Management Group Inc. now owns 399 shares of the retailer’s stock valued at $32,000 after purchasing an additional 174 shares during the period. Decker Retirement Planning Inc. purchased a new stake in shares of Walmart in the fourth quarter valued at $32,000. Hoese & Co LLP acquired a new stake in shares of Walmart in the third quarter worth $33,000. Finally, Livelsberger Financial Advisory purchased a new position in shares of Walmart during the third quarter valued at $36,000. 26.76% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages have commented on WMT. Melius Research initiated coverage on Walmart in a research report on Monday, September 23rd. They set a “buy” rating and a $95.00 price objective for the company. Wells Fargo & Company raised their price target on shares of Walmart from $96.00 to $100.00 and gave the stock an “overweight” rating in a report on Friday, January 10th. Truist Financial upped their price objective on shares of Walmart from $89.00 to $98.00 and gave the company a “buy” rating in a research note on Wednesday, November 20th. Evercore ISI lifted their target price on shares of Walmart from $94.00 to $96.00 and gave the company an “outperform” rating in a research note on Tuesday, December 3rd. Finally, Robert W. Baird upped their price target on shares of Walmart from $90.00 to $100.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 20th. 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. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $94.49.

Walmart Stock Performance

NYSE WMT opened at $92.02 on Friday. The company’s fifty day moving average is $91.15 and its two-hundred day moving average is $81.27. The firm has a market capitalization of $739.19 billion, a price-to-earnings ratio of 37.76, a P/E/G ratio of 4.41 and a beta of 0.55. 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 52-week low of $53.44 and a 52-week high of $96.18.

Walmart (NYSE:WMT) last issued its quarterly earnings results on Tuesday, November 19th. The retailer reported $0.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.53 by $0.05. Walmart had a return on equity of 21.78% and a net margin of 2.92%. The firm had revenue of $169.59 billion for the quarter, compared to analyst estimates of $167.69 billion. During the same period in the previous year, the company posted $0.51 earnings per share. The company’s quarterly revenue was up 5.5% compared to the same quarter last year. Equities research analysts forecast that Walmart Inc. will post 2.47 EPS for the current year.

Insider Buying and Selling

In other Walmart news, EVP John D. Rainey sold 3,000 shares of Walmart stock in a transaction that occurred on Friday, November 1st. The stock was sold at an average price of $82.12, for a total transaction of $246,360.00. Following the sale, the executive vice president now directly owns 378,165 shares of the company’s stock, valued at approximately $31,054,909.80. The trade was a 0.79 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO C Douglas Mcmillon sold 29,124 shares of the company’s stock in a transaction that occurred on Thursday, October 24th. The shares were sold at an average price of $82.79, for a total value of $2,411,175.96. Following the completion of the sale, the chief executive officer now owns 3,843,929 shares in the company, valued at approximately $318,238,881.91. This represents a 0.75 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 140,177 shares of company stock valued at $12,478,149 over the last ninety days. 45.58% of the stock is owned by company insiders.

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.