Folger Nolan Fleming Douglas Capital Management Inc. Cuts Stake in Walmart Inc. (NYSE:WMT)

Folger Nolan Fleming Douglas Capital Management Inc. lessened its stake in shares of Walmart Inc. (NYSE:WMT) by 2.1% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 32,561 shares of the retailer’s stock after selling 711 shares during the period. Folger Nolan Fleming Douglas Capital Management Inc.’s holdings in Walmart were worth $2,942,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in WMT. Geode Capital Management LLC increased its stake in shares of Walmart by 3.3% during the 3rd quarter. Geode Capital Management LLC now owns 87,617,409 shares of the retailer’s stock worth $7,048,465,000 after purchasing an additional 2,786,061 shares during the last quarter. FMR LLC grew its holdings in Walmart by 12.9% during the third quarter. FMR LLC now owns 63,135,639 shares of the retailer’s stock valued at $5,098,203,000 after purchasing an additional 7,200,004 shares during the period. Fisher Asset Management LLC increased its position in Walmart by 4.6% in the third quarter. Fisher Asset Management LLC now owns 47,659,844 shares of the retailer’s stock worth $3,848,533,000 after buying an additional 2,107,197 shares during the last quarter. Franklin Resources Inc. raised its stake in shares of Walmart by 3.7% in the third quarter. Franklin Resources Inc. now owns 41,501,782 shares of the retailer’s stock valued at $3,392,658,000 after buying an additional 1,480,927 shares during the period. Finally, Legal & General Group Plc lifted its position in shares of Walmart by 1.8% during the 2nd quarter. Legal & General Group Plc now owns 36,282,740 shares of the retailer’s stock valued at $2,456,704,000 after buying an additional 644,353 shares during the last quarter. Institutional investors own 26.76% of the company’s stock.

Walmart Stock Performance

NYSE WMT opened at $92.02 on Friday. The company has a 50-day simple moving average of $91.15 and a two-hundred day simple moving average of $81.27. Walmart Inc. has a 12-month low of $53.44 and a 12-month high of $96.18. The firm has a market cap of $739.19 billion, a price-to-earnings ratio of 37.76, a PEG ratio of 4.41 and a beta of 0.55. The company has a quick ratio of 0.23, a current ratio of 0.85 and a debt-to-equity ratio of 0.42.

Walmart (NYSE:WMT) last issued its earnings results on Tuesday, November 19th. The retailer reported $0.58 earnings per share for the quarter, beating the consensus estimate of $0.53 by $0.05. The company had revenue of $169.59 billion during 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%. Walmart’s quarterly revenue was up 5.5% compared to the same quarter last year. During the same period in the prior year, the business posted $0.51 EPS. On average, equities analysts forecast that Walmart Inc. will post 2.47 EPS for the current year.

Insider Transactions at Walmart

In other news, CEO C Douglas Mcmillon sold 29,124 shares of the stock in a transaction dated Thursday, October 24th. The shares were sold at an average price of $82.79, for a total transaction of $2,411,175.96. Following the completion of the sale, the chief executive officer now directly 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 transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP John D. Rainey sold 3,000 shares of the business’s stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $82.12, for a total value 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 represents a 0.79 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 140,177 shares of company stock worth $12,478,149. Insiders own 45.58% of the company’s stock.

Analyst Upgrades and Downgrades

WMT has been the subject of several recent research reports. Truist Financial lifted their price objective on Walmart from $89.00 to $98.00 and gave the stock a “buy” rating in a report on Wednesday, November 20th. Wells Fargo & Company upped their price target on shares of Walmart from $96.00 to $100.00 and gave the company an “overweight” rating in a research note on Friday, January 10th. Guggenheim lifted their price objective on shares of Walmart from $90.00 to $100.00 and gave the company a “buy” rating in a research note on Wednesday, November 20th. Bank of America increased their target price on Walmart from $95.00 to $105.00 and gave the stock a “buy” rating in a research report on Wednesday, November 20th. Finally, Redburn Atlantic upgraded Walmart to a “strong-buy” rating in a research report on Monday, September 23rd. Two research analysts have rated the stock with a hold rating, twenty-nine have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Walmart presently has an average rating of “Moderate Buy” and a consensus target price of $94.49.

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.