Stratos Wealth Advisors LLC Reduces Position in Walmart Inc. (NYSE:WMT)

Stratos Wealth Advisors LLC trimmed its stake in Walmart Inc. (NYSE:WMT) by 6.3% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 52,365 shares of the retailer’s stock after selling 3,522 shares during the period. Stratos Wealth Advisors LLC’s holdings in Walmart were worth $4,731,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of WMT. Peterson Financial Group Inc. purchased a new stake in Walmart in the third quarter worth about $26,000. Fiduciary Advisors Inc. purchased a new stake in Walmart in the 4th quarter worth approximately $27,000. Voisard Asset Management Group Inc. raised its stake in Walmart by 77.3% during the 3rd quarter. Voisard Asset Management Group Inc. now owns 399 shares of the retailer’s stock worth $32,000 after acquiring an additional 174 shares during the period. Decker Retirement Planning Inc. purchased a new position in Walmart during the fourth quarter valued at approximately $32,000. Finally, Hoese & Co LLP bought a new position in shares of Walmart in the third quarter worth approximately $33,000. 26.76% of the stock is owned by institutional investors.

Insider Activity

In related news, EVP Daniel J. Bartlett sold 1,830 shares of the business’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 transaction, the executive vice president now owns 460,705 shares of the company’s stock, valued at $41,956,404.35. The trade was a 0.40 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Robert Edward Jr. Moritz purchased 5,446 shares of the business’s stock in a transaction dated Wednesday, November 27th. The stock was bought at an average price 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 in the company, valued at approximately $716,577.05. This trade represents a 230.86 % increase in their position. The disclosure for this purchase can be found here. Over the last quarter, insiders sold 175,177 shares of company stock valued at $16,403,728. Corporate insiders own 45.58% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently commented on WMT. Evercore ISI raised their price objective on shares of Walmart from $94.00 to $96.00 and gave the company an “outperform” rating in a research report on Tuesday, December 3rd. Telsey Advisory Group raised their price target on Walmart from $92.00 to $100.00 and gave the company an “outperform” rating in a report on Tuesday, November 19th. UBS Group upped their price objective on Walmart from $100.00 to $113.00 and gave the stock a “buy” rating in a research note on Friday, January 31st. Roth Mkm boosted their price target on Walmart from $81.00 to $97.00 and gave the stock a “buy” rating in a report on Wednesday, November 20th. Finally, Sanford C. Bernstein increased their price objective on shares of Walmart from $98.00 to $102.00 and gave the company an “outperform” rating in a report on Wednesday, November 20th. Two analysts have rated the stock with a hold rating, twenty-nine have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $96.01.

Walmart Trading Up 0.4 %

WMT opened at $102.86 on Friday. Walmart Inc. has a one year low of $55.85 and a one year high of $103.02. 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 cap of $826.30 billion, a price-to-earnings ratio of 42.21, a P/E/G ratio of 4.49 and a beta of 0.55. The stock’s 50 day moving average price is $93.67 and its 200-day moving average price is $83.82.

Walmart (NYSE:WMT) last released its earnings results on Tuesday, November 19th. The retailer reported $0.58 earnings per share for the quarter, topping analysts’ consensus estimates of $0.53 by $0.05. The business 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 was up 5.5% compared to the same quarter last year. During the same quarter last year, the firm posted $0.51 earnings per share. On average, equities analysts forecast 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.