Walmart Inc. (NYSE:WMT) Shares Sold by Daymark Wealth Partners LLC

Daymark Wealth Partners LLC decreased its position in Walmart Inc. (NYSE:WMT) by 2.6% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 145,787 shares of the retailer’s stock after selling 3,872 shares during the period. Daymark Wealth Partners LLC’s holdings in Walmart were worth $13,172,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the company. Peterson Financial Group Inc. acquired a new stake in Walmart in the 3rd quarter valued at about $26,000. Voisard Asset Management Group Inc. grew its position in shares of Walmart by 77.3% in the third quarter. Voisard Asset Management Group Inc. now owns 399 shares of the retailer’s stock valued at $32,000 after purchasing an additional 174 shares during the last quarter. Decker Retirement Planning Inc. purchased a new position in shares of Walmart during the 4th quarter worth approximately $32,000. Hoese & Co LLP acquired a new position in shares of Walmart during the 3rd quarter worth approximately $33,000. Finally, Livelsberger Financial Advisory purchased a new stake in Walmart in the 3rd quarter valued at approximately $36,000. Hedge funds and other institutional investors own 26.76% of the company’s stock.

Insider Buying and Selling at Walmart

In other 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 transaction of $166,658.10. Following the completion of the sale, the executive vice president now owns 460,705 shares of the company’s stock, valued at approximately $41,956,404.35. This trade represents a 0.40 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP David Chojnowski sold 5,600 shares of the company’s stock in a transaction on Wednesday, November 27th. The shares were sold at an average price of $91.45, for a total transaction of $512,120.00. Following the completion of the sale, the senior vice president now directly owns 87,404 shares in the company, valued at $7,993,095.80. This represents a 6.02 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 97,928 shares of company stock worth $8,978,123 in the last 90 days. 45.58% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several equities analysts have weighed in on WMT shares. Piper Sandler raised their price target on Walmart from $83.00 to $93.00 and gave the stock an “overweight” rating in a research report on Monday, November 18th. Royal Bank of Canada reissued an “outperform” rating and issued a $105.00 target price on shares of Walmart in a research note on Wednesday, January 15th. Truist Financial raised their price target on shares of Walmart from $89.00 to $98.00 and gave the stock a “buy” rating in a research note on Wednesday, November 20th. Telsey Advisory Group boosted their price objective on shares of Walmart from $92.00 to $100.00 and gave the company an “outperform” rating in a research report on Tuesday, November 19th. Finally, Oppenheimer raised their target price on shares of Walmart from $81.00 to $90.00 and gave the stock an “outperform” rating in a research report on Monday, October 14th. Two equities research analysts have rated the stock with a hold rating, twenty-nine have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $94.69.

Walmart Trading Up 0.6 %

WMT opened at $93.75 on Friday. The firm’s 50 day moving average is $91.62 and its 200-day moving average is $81.87. Walmart Inc. has a 52-week low of $53.44 and a 52-week high of $96.18. The company has a quick ratio of 0.23, a current ratio of 0.85 and a debt-to-equity ratio of 0.42. The firm has a market capitalization of $753.12 billion, a P/E ratio of 38.47, a P/E/G ratio of 4.42 and a beta of 0.55.

Walmart (NYSE:WMT) last issued its quarterly earnings data on Tuesday, November 19th. The retailer reported $0.58 EPS for the quarter, topping analysts’ consensus estimates of $0.53 by $0.05. The firm had revenue of $169.59 billion for the quarter, compared to analyst estimates of $167.69 billion. Walmart had a net margin of 2.92% and a return on equity of 21.78%. The firm’s revenue was up 5.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.51 EPS. Analysts expect that Walmart Inc. will post 2.47 EPS for the current fiscal year.

About Walmart

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.