Hixon Zuercher LLC Sells 1,474 Shares of Walmart Inc. (NYSE:WMT)

Hixon Zuercher LLC cut its position in shares of Walmart Inc. (NYSE:WMT) by 1.9% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 78,107 shares of the retailer’s stock after selling 1,474 shares during the quarter. Walmart comprises about 2.5% of Hixon Zuercher LLC’s holdings, making the stock its 14th largest position. Hixon Zuercher LLC’s holdings in Walmart were worth $6,307,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the company. EntryPoint Capital LLC acquired a new stake in shares of Walmart during the 1st quarter worth approximately $25,000. TruNorth Capital Management LLC grew its holdings in Walmart by 138.3% in the second quarter. TruNorth Capital Management LLC now owns 429 shares of the retailer’s stock worth $29,000 after purchasing an additional 249 shares during the period. Cultivar Capital Inc. acquired a new stake in Walmart in the second quarter worth $29,000. FSA Wealth Management LLC increased its stake in Walmart by 253.0% in the first quarter. FSA Wealth Management LLC now owns 526 shares of the retailer’s stock valued at $32,000 after purchasing an additional 377 shares in the last quarter. Finally, Kozak & Associates Inc. raised its holdings in shares of Walmart by 216.4% during the first quarter. Kozak & Associates Inc. now owns 503 shares of the retailer’s stock valued at $32,000 after purchasing an additional 344 shares during the period. Institutional investors own 26.76% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently commented on WMT. Guggenheim boosted their target price on Walmart from $81.00 to $90.00 and gave the company a “buy” rating in a research report on Monday, October 28th. BMO Capital Markets reiterated an “outperform” rating and issued a $80.00 target price on shares of Walmart in a report on Friday, August 16th. TD Cowen lifted their price target on shares of Walmart from $80.00 to $85.00 and gave the company a “buy” rating in a research report on Friday, August 16th. Sanford C. Bernstein initiated coverage on shares of Walmart in a report on Tuesday, October 22nd. They set an “outperform” rating and a $95.00 price objective on the stock. Finally, Oppenheimer lifted their price objective on shares of Walmart from $81.00 to $90.00 and gave the company an “outperform” rating in a report on Monday, October 14th. One analyst has rated the stock with a hold rating, twenty-nine have given a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus price target of $83.89.

Insiders Place Their Bets

In other news, EVP John D. Rainey sold 3,000 shares of Walmart stock in a transaction on Friday, November 1st. The stock was sold at an average price of $82.12, for a total value of $246,360.00. Following the completion of the transaction, the executive vice president now directly owns 378,165 shares in the company, valued at approximately $31,054,909.80. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Walmart news, major shareholder Alice L. Walton sold 2,375,563 shares of the firm’s stock in a transaction on Thursday, September 5th. The shares were sold at an average price of $76.96, for a total value of $182,823,328.48. Following the completion of the transaction, the insider now directly owns 619,646,544 shares of the company’s stock, valued at $47,687,998,026.24. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP John D. Rainey sold 3,000 shares of the business’s stock in a transaction on Friday, November 1st. The shares were 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 of the company’s stock, valued at $31,054,909.80. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 12,337,337 shares of company stock worth $958,823,647 over the last 90 days. Corporate insiders own 45.58% of the company’s stock.

Walmart Stock Up 1.5 %

WMT stock opened at $83.69 on Wednesday. The stock has a fifty day moving average of $80.08 and a 200-day moving average of $71.58. Walmart Inc. has a fifty-two week low of $49.85 and a fifty-two week high of $83.77. The company has a market capitalization of $672.72 billion, a price-to-earnings ratio of 43.51, a PEG ratio of 4.13 and a beta of 0.51. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.22 and a current ratio of 0.80.

Walmart (NYSE:WMT) last issued its earnings results on Thursday, August 15th. The retailer reported $0.67 earnings per share for the quarter, topping analysts’ consensus estimates of $0.65 by $0.02. Walmart had a net margin of 2.34% and a return on equity of 21.72%. The firm had revenue of $169.30 billion during the quarter, compared to analyst estimates of $168.56 billion. During the same quarter last year, the business earned $0.61 earnings per share. The company’s quarterly revenue was up 4.7% on a year-over-year basis. As a group, equities research analysts predict that Walmart Inc. will post 2.44 earnings per share for the current year.

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.