Maiden Cove Capital LLC Has $975,000 Holdings in Walmart Inc. (NYSE:WMT)

Maiden Cove Capital LLC trimmed its position in shares of Walmart Inc. (NYSE:WMT) by 6.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 10,792 shares of the retailer’s stock after selling 711 shares during the period. Walmart accounts for approximately 1.8% of Maiden Cove Capital LLC’s investment portfolio, making the stock its 14th biggest position. Maiden Cove Capital LLC’s holdings in Walmart were worth $975,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Artemis Investment Management LLP raised its stake in Walmart by 37.9% in the 4th quarter. Artemis Investment Management LLP now owns 856,625 shares of the retailer’s stock valued at $77,396,000 after acquiring an additional 235,289 shares during the period. Lbmc Investment Advisors LLC boosted its position in Walmart by 8.8% during the fourth quarter. Lbmc Investment Advisors LLC now owns 9,233 shares of the retailer’s stock worth $834,000 after purchasing an additional 750 shares during the period. Liberty One Investment Management LLC increased its holdings in shares of Walmart by 1.4% in the fourth quarter. Liberty One Investment Management LLC now owns 63,978 shares of the retailer’s stock valued at $5,780,000 after purchasing an additional 902 shares during the last quarter. Kelly Financial Services LLC bought a new position in shares of Walmart in the fourth quarter valued at about $6,159,000. Finally, Cadinha & Co. LLC lifted its stake in shares of Walmart by 1,451.8% during the 4th quarter. Cadinha & Co. LLC now owns 216,510 shares of the retailer’s stock worth $19,562,000 after buying an additional 202,558 shares during the last quarter. 26.76% of the stock is owned by institutional investors.

Insider Transactions at Walmart

In other Walmart news, 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 completion of the sale, the executive vice president now directly owns 378,165 shares in the company, valued at approximately $31,054,909.80. The trade was a 0.79 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Daniel J. Bartlett sold 1,830 shares of the firm’s stock in a transaction on Wednesday, January 15th. The stock was 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 in the company, valued at approximately $41,956,404.35. This trade represents a 0.40 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 140,177 shares of company stock worth $12,478,149 over the last quarter. 45.58% of the stock is currently owned by insiders.

Walmart Stock Performance

Shares of WMT stock opened at $92.02 on Monday. 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 company has a market capitalization of $739.19 billion, a price-to-earnings ratio of 37.76, a price-to-earnings-growth ratio of 4.41 and a beta of 0.55. Walmart Inc. has a one year low of $53.44 and a one year high of $96.18. The company’s 50-day moving average is $91.15 and its 200 day moving average is $81.37.

Walmart (NYSE:WMT) last announced its quarterly 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 the consensus estimate of $167.69 billion. Walmart had a net margin of 2.92% and a return on equity of 21.78%. The firm’s quarterly revenue was up 5.5% compared to the same quarter last year. During the same quarter last year, the firm earned $0.51 earnings per share. Sell-side analysts expect that Walmart Inc. will post 2.47 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

WMT has been the topic of a number of recent research reports. Tigress Financial increased their target price on Walmart from $86.00 to $115.00 and gave the stock a “buy” rating in a research note on Friday, December 13th. Citigroup increased their price objective on Walmart from $75.00 to $98.00 and gave the stock a “buy” rating in a research report on Friday, September 27th. Roth Mkm boosted their target price on shares of Walmart from $81.00 to $97.00 and gave the company a “buy” rating in a research report on Wednesday, November 20th. Wells Fargo & Company raised their price target on shares of Walmart from $96.00 to $100.00 and gave the stock an “overweight” rating in a research report on Friday, January 10th. Finally, Robert W. Baird boosted their price objective on shares of Walmart from $90.00 to $100.00 and gave the company an “outperform” rating in a report on Wednesday, November 20th. Two research 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 stock presently has an average rating of “Moderate Buy” and an average price target of $94.49.

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.