Mustard Seed Financial LLC Has $3.97 Million Position in Walmart Inc. (NYSE:WMT)

Mustard Seed Financial LLC lessened its stake in Walmart Inc. (NYSE:WMT) by 0.9% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 43,950 shares of the retailer’s stock after selling 415 shares during the quarter. Walmart comprises about 3.2% of Mustard Seed Financial LLC’s investment portfolio, making the stock its 8th largest holding. Mustard Seed Financial LLC’s holdings in Walmart were worth $3,971,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Peterson Financial Group Inc. bought a new stake in Walmart in the third quarter valued at about $26,000. Decker Retirement Planning Inc. bought a new stake in Walmart in the fourth quarter valued at about $32,000. Voisard Asset Management Group Inc. increased its holdings in Walmart by 77.3% in the third 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 last quarter. Hoese & Co LLP bought a new stake in Walmart in the third quarter valued at about $33,000. Finally, Livelsberger Financial Advisory bought a new stake in Walmart in the third quarter valued at about $36,000. Institutional investors own 26.76% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on WMT shares. Barclays boosted their target price on Walmart from $90.00 to $98.00 and gave the company an “overweight” rating in a research note on Thursday, January 9th. Oppenheimer boosted their target price on Walmart from $81.00 to $90.00 and gave the company an “outperform” rating in a research note on Monday, October 14th. Wells Fargo & Company boosted their target price on Walmart from $96.00 to $100.00 and gave the company an “overweight” rating in a research note on Friday, January 10th. Morgan Stanley boosted their target price on Walmart from $100.00 to $106.00 and gave the company an “overweight” rating in a research note on Tuesday. Finally, BMO Capital Markets boosted their target price on Walmart from $80.00 to $100.00 and gave the company an “outperform” rating in a research note on Monday, November 18th. 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 company’s stock. According to data from MarketBeat, Walmart currently has a consensus rating of “Moderate Buy” and a consensus target price of $94.69.

Walmart Price Performance

NYSE:WMT opened at $94.84 on Friday. The company has a quick ratio of 0.23, a current ratio of 0.85 and a debt-to-equity ratio of 0.42. The stock’s 50 day moving average price is $91.81 and its two-hundred day moving average price is $81.95. The firm has a market capitalization of $761.90 billion, a price-to-earnings ratio of 38.92, a P/E/G ratio of 4.42 and a beta of 0.55. Walmart Inc. has a 12-month low of $53.47 and a 12-month high of $96.18.

Walmart (NYSE:WMT) last released its quarterly earnings data 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. The firm had revenue of $169.59 billion for the quarter, compared to analyst estimates of $167.69 billion. Walmart had a return on equity of 21.78% and a net margin of 2.92%. The business’s revenue for the quarter was up 5.5% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.51 earnings per share. On average, analysts anticipate that Walmart Inc. will post 2.48 earnings per share for the current year.

Insider Buying and Selling at Walmart

In other news, EVP John D. Rainey sold 3,000 shares of the 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 transaction, the executive vice president now owns 378,165 shares in the company, valued at approximately $31,054,909.80. This trade represents a 0.79 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO C Douglas Mcmillon sold 29,124 shares of the stock in a transaction that occurred on Wednesday, November 27th. The stock was sold at an average price of $91.44, for a total value of $2,663,098.56. Following the transaction, the chief executive officer now owns 3,814,805 shares in the company, valued at approximately $348,825,769.20. This trade represents a 0.76 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 140,177 shares of company stock worth $12,895,688 over the last 90 days. Company insiders own 45.58% of the company’s stock.

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.