LVW Advisors LLC Sells 1,042 Shares of Walmart Inc. (NYSE:WMT)

LVW Advisors LLC lowered its position in Walmart Inc. (NYSE:WMT) by 4.2% in the 4th quarter, Holdings Channel reports. The firm owned 23,647 shares of the retailer’s stock after selling 1,042 shares during the quarter. LVW Advisors LLC’s holdings in Walmart were worth $2,136,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of the business. Jennison Associates LLC boosted its holdings in Walmart by 479.6% during the 3rd quarter. Jennison Associates LLC now owns 18,479,259 shares of the retailer’s stock valued at $1,492,200,000 after acquiring an additional 15,290,936 shares during the period. FMR LLC lifted its position in shares of Walmart by 12.9% during the third quarter. FMR LLC now owns 63,135,639 shares of the retailer’s stock worth $5,098,203,000 after purchasing an additional 7,200,004 shares during the last quarter. International Assets Investment Management LLC grew its holdings in shares of Walmart by 8,814.4% in the third quarter. International Assets Investment Management LLC now owns 6,963,218 shares of the retailer’s stock worth $562,280,000 after purchasing an additional 6,885,106 shares during the last quarter. Geode Capital Management LLC increased its stake in Walmart by 3.3% in the 3rd quarter. Geode Capital Management LLC now owns 87,617,409 shares of the retailer’s stock worth $7,048,465,000 after buying an additional 2,786,061 shares during the period. Finally, Fisher Asset Management LLC lifted its holdings in Walmart by 4.6% during the 3rd quarter. Fisher Asset Management LLC now owns 47,659,844 shares of the retailer’s stock valued at $3,848,533,000 after buying an additional 2,107,197 shares in the last quarter. Hedge funds and other institutional investors own 26.76% of the company’s stock.

Walmart Price Performance

NYSE:WMT opened at $92.02 on Tuesday. The stock has a 50 day moving average of $91.15 and a two-hundred day moving average of $81.46. 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 P/E ratio of 37.76, a price-to-earnings-growth ratio of 4.41 and a beta of 0.55. The company has a current ratio of 0.85, a quick ratio of 0.23 and a debt-to-equity ratio of 0.42.

Walmart (NYSE:WMT) last posted its quarterly earnings data on Tuesday, November 19th. The retailer reported $0.58 EPS for the quarter, beating the consensus estimate of $0.53 by $0.05. The firm had revenue of $169.59 billion during the quarter, compared to the consensus estimate of $167.69 billion. Walmart had a return on equity of 21.78% and a net margin of 2.92%. The firm’s revenue was up 5.5% compared to the same quarter last year. During the same period in the prior year, the company earned $0.51 EPS. On average, analysts expect that Walmart Inc. will post 2.47 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on WMT. UBS Group raised their target price on shares of Walmart from $92.00 to $100.00 and gave the stock a “buy” rating in a research report on Wednesday, November 20th. Piper Sandler lifted their target price on Walmart from $83.00 to $93.00 and gave the company an “overweight” rating in a research report on Monday, November 18th. Barclays increased their price target on Walmart from $90.00 to $98.00 and gave the stock an “overweight” rating in a research report on Thursday, January 9th. Melius Research assumed coverage on shares of Walmart in a research note on Monday, September 23rd. They issued a “buy” rating and a $95.00 price objective for the company. Finally, DZ Bank downgraded shares of Walmart from a “buy” rating to a “hold” rating and set a $91.00 target price on the stock. in a research report on Thursday, November 21st. Two investment 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 company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $94.49.

Insider Transactions at Walmart

In other Walmart news, EVP Daniel J. Bartlett sold 1,830 shares of the firm’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 transaction, the executive vice president now directly owns 460,705 shares of the company’s stock, valued at $41,956,404.35. This trade represents a 0.40 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP John D. Rainey sold 3,000 shares of the business’s stock in a transaction that occurred 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 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 ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 140,177 shares of company stock valued at $12,478,149. Corporate insiders own 45.58% of the company’s stock.

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.