Slow Capital Inc. Trims Position in Walmart Inc. (NYSE:WMT)

Slow Capital Inc. reduced its position in Walmart Inc. (NYSE:WMT) by 9.2% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 65,942 shares of the retailer’s stock after selling 6,694 shares during the period. Walmart comprises approximately 0.8% of Slow Capital Inc.’s holdings, making the stock its 24th biggest holding. Slow Capital Inc.’s holdings in Walmart were worth $5,965,000 at the end of the most recent quarter.

Several 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 valued at approximately $26,000. Voisard Asset Management Group Inc. grew its stake in shares of Walmart by 77.3% during the 3rd quarter. Voisard Asset Management Group Inc. now owns 399 shares of the retailer’s stock valued at $32,000 after buying an additional 174 shares during the period. Decker Retirement Planning Inc. acquired a new stake in shares of Walmart during the 4th quarter worth $32,000. Hoese & Co LLP acquired a new stake in shares of Walmart during the 3rd quarter worth $33,000. Finally, Livelsberger Financial Advisory purchased a new position in shares of Walmart in the 3rd quarter worth $36,000. 26.76% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Walmart

In other news, EVP John R. Furner sold 13,125 shares of the business’s stock in a transaction on Thursday, January 23rd. The shares were sold at an average price of $92.96, for a total transaction of $1,220,100.00. Following the completion of the transaction, the executive vice president now owns 568,626 shares of the company’s stock, valued at approximately $52,859,472.96. The trade was a 2.26 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, EVP John D. Rainey sold 3,000 shares of the stock in a transaction dated Friday, November 1st. The stock was 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. This trade represents a 0.79 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 140,177 shares of company stock worth $12,895,688 over the last ninety days. Company insiders own 45.58% of the company’s stock.

Analyst Ratings Changes

WMT has been the topic of a number of research reports. StockNews.com downgraded Walmart from a “strong-buy” rating to a “buy” rating in a report on Wednesday, November 20th. Bank of America raised their price target on shares of Walmart from $95.00 to $105.00 and gave the company a “buy” rating in a report on Wednesday, November 20th. Jefferies Financial Group boosted their price objective on shares of Walmart from $105.00 to $111.00 and gave the stock a “buy” rating in a research note on Tuesday, December 17th. Wells Fargo & Company raised their target price on shares of Walmart from $96.00 to $100.00 and gave the company an “overweight” rating in a research note on Friday, January 10th. Finally, Truist Financial increased their price target on Walmart from $89.00 to $98.00 and gave the company a “buy” rating in a report on Wednesday, November 20th. Two investment analysts have rated the stock with a hold rating, twenty-nine have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Walmart presently has a consensus rating of “Moderate Buy” and an average target price of $94.69.

Walmart Stock Performance

WMT stock opened at $97.55 on Thursday. The stock’s 50 day simple moving average is $92.50 and its 200 day simple moving average is $82.69. Walmart Inc. has a 12-month low of $54.54 and a 12-month high of $98.17. The firm has a market cap of $783.66 billion, a P/E ratio of 40.03, a P/E/G ratio of 4.42 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 results on Tuesday, November 19th. The retailer reported $0.58 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.53 by $0.05. Walmart had a net margin of 2.92% and a return on equity of 21.78%. The company had revenue of $169.59 billion for the quarter, compared to the consensus estimate of $167.69 billion. During the same period last year, the firm posted $0.51 EPS. The company’s revenue for the quarter was up 5.5% on a year-over-year basis. As a group, equities research analysts predict that Walmart Inc. will post 2.48 EPS for the current 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.