Spinnaker Trust decreased its holdings in Walmart Inc. (NYSE:WMT – Free Report) by 2.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 88,636 shares of the retailer’s stock after selling 2,264 shares during the quarter. Spinnaker Trust’s holdings in Walmart were worth $8,008,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in WMT. Creative Planning raised its holdings in Walmart by 4.9% in the third quarter. Creative Planning now owns 1,800,743 shares of the retailer’s stock worth $142,973,000 after purchasing an additional 83,376 shares in the last quarter. Swedbank AB raised its holdings in Walmart by 0.4% in the third quarter. Swedbank AB now owns 5,345,293 shares of the retailer’s stock worth $431,632,000 after purchasing an additional 18,644 shares in the last quarter. Inspire Advisors LLC raised its holdings in Walmart by 2.1% in the third quarter. Inspire Advisors LLC now owns 6,677 shares of the retailer’s stock worth $539,000 after purchasing an additional 137 shares in the last quarter. Stratos Wealth Partners LTD. raised its holdings in Walmart by 12.9% in the third quarter. Stratos Wealth Partners LTD. now owns 207,599 shares of the retailer’s stock worth $16,764,000 after purchasing an additional 23,722 shares in the last quarter. Finally, Net Worth Advisory Group bought a new position in Walmart in the third quarter worth $1,053,000. Hedge funds and other institutional investors own 26.76% of the company’s stock.
Analysts Set New Price Targets
A number of equities analysts have issued reports on the company. Bank of America increased their price objective on Walmart from $95.00 to $105.00 and gave the stock a “buy” rating in a report on Wednesday, November 20th. Stifel Nicolaus raised their price target on Walmart from $89.00 to $94.00 and gave the company a “hold” rating in a report on Tuesday, December 10th. StockNews.com downgraded Walmart from a “strong-buy” rating to a “buy” rating in a report on Wednesday, November 20th. Truist Financial raised their price target on Walmart from $98.00 to $111.00 and gave the company a “buy” rating in a report on Tuesday, February 11th. Finally, Robert W. Baird raised their price target on Walmart from $90.00 to $100.00 and gave the company an “outperform” rating in a 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 given a strong buy rating to the company. According to MarketBeat.com, Walmart presently has an average rating of “Moderate Buy” and a consensus target price of $99.17.
Insider Activity
In related news, EVP John D. Rainey sold 38,000 shares of Walmart stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $98.80, for a total transaction of $3,754,400.00. Following the sale, the executive vice president now owns 257,281 shares of the company’s stock, valued at approximately $25,419,362.80. This trade represents a 12.87 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP David Chojnowski sold 5,600 shares of Walmart stock in a transaction that occurred on Wednesday, November 27th. The shares were sold at an average price of $91.45, for a total value of $512,120.00. Following the sale, the senior vice president now directly owns 87,404 shares in the company, valued at $7,993,095.80. This trade represents a 6.02 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 175,177 shares of company stock valued at $16,403,728 in the last ninety days. Corporate insiders own 45.58% of the company’s stock.
Walmart Trading Down 1.0 %
Shares of NYSE:WMT opened at $104.04 on Friday. Walmart Inc. has a 52-week low of $55.99 and a 52-week high of $105.30. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.23 and a current ratio of 0.85. The stock has a market capitalization of $835.78 billion, a price-to-earnings ratio of 42.70, a PEG ratio of 4.25 and a beta of 0.55. The stock’s 50-day simple moving average is $94.99 and its two-hundred day simple moving average is $85.33.
Walmart (NYSE:WMT – Get Free Report) last posted its quarterly earnings data on Tuesday, November 19th. The retailer reported $0.58 earnings per share for the quarter, beating 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 firm had revenue of $169.59 billion for the quarter, compared to analysts’ expectations of $167.69 billion. During the same period in the previous year, the firm earned $0.51 EPS. The business’s quarterly revenue was up 5.5% on a year-over-year basis. Analysts expect that Walmart Inc. will post 2.48 EPS for the current year.
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.
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