Autumn Glory Partners LLC Sells 620 Shares of Walmart Inc. (NYSE:WMT)

Autumn Glory Partners LLC trimmed its stake in shares of Walmart Inc. (NYSE:WMT) by 3.2% in the fourth quarter, HoldingsChannel reports. The firm owned 18,692 shares of the retailer’s stock after selling 620 shares during the quarter. Autumn Glory Partners LLC’s holdings in Walmart were worth $1,689,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in WMT. Peterson Financial Group Inc. bought a new position in Walmart during the third quarter worth $26,000. Fiduciary Advisors Inc. bought a new stake in shares of Walmart in the fourth quarter valued at about $27,000. Voisard Asset Management Group Inc. boosted its position in shares of 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 acquiring an additional 174 shares during the period. Decker Retirement Planning Inc. bought a new stake in shares of Walmart in the fourth quarter valued at about $32,000. Finally, Livelsberger Financial Advisory bought a new stake in shares of Walmart in the third quarter valued at about $36,000. 26.76% of the stock is owned by institutional investors.

Insider Transactions at Walmart

In related news, Director Robert Edward Jr. Moritz bought 5,446 shares of Walmart stock in a transaction that occurred on Wednesday, November 27th. The shares were acquired at an average cost of $91.81 per share, for a total transaction 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 approximately $716,577.05. The trade was a 230.86 % increase in their position. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Daniel J. Bartlett sold 1,830 shares of the company’s stock in a transaction that occurred on Wednesday, January 15th. The shares were sold at an average price of $91.07, for a total value of $166,658.10. Following the completion of the sale, the executive vice president now owns 460,705 shares in the company, valued at $41,956,404.35. The trade was a 0.40 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 175,177 shares of company stock worth $16,403,728. Insiders own 45.58% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on WMT shares. Morgan Stanley reissued an “overweight” rating and issued a $115.00 target price (up previously from $106.00) on shares of Walmart in a research report on Thursday. Jefferies Financial Group boosted their target price on shares of Walmart from $105.00 to $111.00 and gave the company a “buy” rating in a research report on Tuesday, December 17th. Stifel Nicolaus boosted their target price on shares of Walmart from $89.00 to $94.00 and gave the company a “hold” rating in a research report on Tuesday, December 10th. Guggenheim boosted their target price on shares of Walmart from $90.00 to $100.00 and gave the company a “buy” rating in a research report on Wednesday, November 20th. Finally, Citigroup boosted their price target on Walmart from $98.00 to $120.00 and gave the company a “buy” rating in a research note on Tuesday. Two investment analysts have rated the stock with a hold rating, twenty-nine have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $99.17.

Walmart Stock Performance

NYSE:WMT opened at $104.04 on Friday. The stock has a market cap of $835.78 billion, a P/E ratio of 42.70, a price-to-earnings-growth ratio of 4.25 and a beta of 0.55. The company has a current ratio of 0.85, a quick ratio of 0.23 and a debt-to-equity ratio of 0.42. The stock’s 50-day moving average is $94.83 and its 200-day moving average is $85.09. Walmart Inc. has a 1-year low of $55.99 and a 1-year high of $105.30.

Walmart (NYSE:WMT) last released its quarterly earnings results on Tuesday, November 19th. The retailer reported $0.58 earnings per share for the quarter, topping the consensus estimate of $0.53 by $0.05. The company had revenue of $169.59 billion for the quarter, compared to analysts’ expectations of $167.69 billion. Walmart had a return on equity of 21.78% and a net margin of 2.92%. The business’s quarterly revenue was up 5.5% compared to the same quarter last year. During the same period in the previous year, the business posted $0.51 earnings per share. Equities research analysts anticipate that Walmart Inc. will post 2.48 earnings per share for the current year.

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.