Walmart Inc. (NYSE:WMT) Shares Sold by Kraft Asset Management LLC

Kraft Asset Management LLC lowered its position in shares of Walmart Inc. (NYSE:WMT) by 9.4% during the fourth quarter, Holdings Channel reports. The fund owned 2,306 shares of the retailer’s stock after selling 239 shares during the quarter. Kraft Asset Management LLC’s holdings in Walmart were worth $211,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of WMT. Peterson Financial Group Inc. acquired a new position in Walmart in the third quarter valued at $26,000. Decker Retirement Planning Inc. purchased a new stake in Walmart in the 4th quarter valued at about $32,000. Voisard Asset Management Group Inc. increased its stake in shares of 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 acquiring an additional 174 shares during the last quarter. Hoese & Co LLP purchased a new position in shares of Walmart during the 3rd quarter worth about $33,000. Finally, Livelsberger Financial Advisory acquired a new stake in shares of Walmart in the third quarter worth approximately $36,000. 26.76% of the stock is owned by hedge funds and other institutional investors.

Walmart Price Performance

Shares of WMT stock opened at $93.75 on Friday. The firm has a fifty day moving average of $91.62 and a two-hundred day moving average of $81.87. The firm has a market cap of $753.12 billion, a P/E ratio of 38.47, a P/E/G ratio of 4.42 and a beta of 0.55. Walmart Inc. has a 1-year low of $53.44 and a 1-year high of $96.18. 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 (NYSE:WMT) last posted 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. Walmart had a return on equity of 21.78% and a net margin of 2.92%. The business had revenue of $169.59 billion during the quarter, compared to the consensus estimate of $167.69 billion. During the same period last year, the firm earned $0.51 earnings per share. The company’s revenue for the quarter was up 5.5% compared to the same quarter last year. As a group, research analysts anticipate that Walmart Inc. will post 2.48 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research firms have weighed in on WMT. DZ Bank downgraded shares of Walmart from a “buy” rating to a “hold” rating and set a $91.00 price target on the stock. in a research note on Thursday, November 21st. Sanford C. Bernstein lifted their target price on Walmart from $98.00 to $102.00 and gave the company an “outperform” rating in a report on Wednesday, November 20th. TD Cowen raised their price objective on Walmart from $90.00 to $100.00 and gave the stock a “buy” rating in a report on Wednesday, November 20th. UBS Group boosted their target price on Walmart from $92.00 to $100.00 and gave the stock a “buy” rating in a report on Wednesday, November 20th. Finally, 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. Two 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 company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $94.69.

Insider Activity

In other Walmart news, CEO C Douglas Mcmillon sold 29,124 shares of the business’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 completion of the sale, the chief executive officer now owns 3,814,805 shares in the company, valued at $348,825,769.20. The trade was a 0.76 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP John R. Furner sold 13,125 shares of the firm’s stock in a transaction dated Wednesday, November 27th. The stock was sold at an average price of $92.00, for a total transaction of $1,207,500.00. Following the completion of the transaction, the executive vice president now owns 579,915 shares in the company, valued at approximately $53,352,180. The trade was a 2.21 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 97,928 shares of company stock worth $8,978,123. 45.58% of the stock is currently owned by insiders.

Walmart 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.