Wealth Effects LLC Has $1.17 Million Stake in Walmart Inc. (NYSE:WMT)

Wealth Effects LLC reduced its stake in Walmart Inc. (NYSE:WMT) by 7.2% in the 4th quarter, Holdings Channel reports. The firm owned 12,989 shares of the retailer’s stock after selling 1,004 shares during the period. Wealth Effects LLC’s holdings in Walmart were worth $1,174,000 as of its most recent filing with the SEC.

A number of other large investors have also recently added to or reduced their stakes in WMT. Anchor Investment Management LLC lifted its position in shares of Walmart by 6.5% during the 2nd quarter. Anchor Investment Management LLC now owns 85,145 shares of the retailer’s stock worth $5,765,000 after purchasing an additional 5,194 shares during the last quarter. Mattson Financial Services LLC acquired a new position in shares of Walmart during the second quarter worth approximately $2,924,000. Neville Rodie & Shaw Inc. boosted its position in shares of Walmart by 1.8% in the third quarter. Neville Rodie & Shaw Inc. now owns 20,504 shares of the retailer’s stock valued at $1,656,000 after acquiring an additional 356 shares during the period. Waller Financial Planning Group Inc. acquired a new stake in shares of Walmart in the third quarter worth $226,000. Finally, Abacus Planning Group Inc. increased its position in Walmart by 3.2% during the third quarter. Abacus Planning Group Inc. now owns 16,456 shares of the retailer’s stock worth $1,329,000 after acquiring an additional 507 shares during the period. Institutional investors own 26.76% of the company’s stock.

Insider Activity at Walmart

In other news, CEO C Douglas Mcmillon sold 29,124 shares of the stock in a transaction on Wednesday, November 27th. The stock was sold at an average price of $91.44, for a total value of $2,663,098.56. Following the transaction, the chief executive officer now owns 3,814,805 shares of the company’s stock, valued at $348,825,769.20. This represents a 0.76 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Robert Edward Jr. Moritz acquired 5,446 shares of the firm’s stock in a transaction that occurred on Wednesday, November 27th. The shares were bought at an average cost of $91.81 per share, with a total value of $499,997.26. Following the completion of the purchase, the director now owns 7,805 shares of the company’s stock, valued at $716,577.05. This trade represents a 230.86 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have sold 137,177 shares of company stock worth $12,649,328 over the last ninety days. Company insiders own 45.58% of the company’s stock.

Walmart Stock Up 1.1 %

Shares of WMT opened at $98.61 on Friday. The business’s fifty day moving average price is $92.71 and its two-hundred day moving average price is $82.79. The firm has a market capitalization of $792.15 billion, a price-to-earnings ratio of 40.47, a PEG ratio of 4.42 and a beta of 0.55. Walmart Inc. has a 52 week low of $55.04 and a 52 week high of $98.93. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.23 and a current ratio of 0.85.

Walmart (NYSE:WMT) last announced 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. Walmart had a return on equity of 21.78% and a net margin of 2.92%. The firm had revenue of $169.59 billion during the quarter, compared to analyst estimates of $167.69 billion. During the same period last year, the company earned $0.51 earnings per share. The company’s revenue was up 5.5% on a year-over-year basis. On average, analysts predict that Walmart Inc. will post 2.48 earnings per share for the current year.

Analyst Ratings Changes

WMT has been the subject of a number of research reports. DZ Bank downgraded shares of Walmart from a “buy” rating to a “hold” rating and set a $91.00 price target for the company. in a report on Thursday, November 21st. Bank of America lifted their target price on Walmart from $95.00 to $105.00 and gave the stock a “buy” rating in a research report on Wednesday, November 20th. Guggenheim boosted their price target on Walmart from $90.00 to $100.00 and gave the company a “buy” rating in a research note on Wednesday, November 20th. Barclays raised their price objective on Walmart from $90.00 to $98.00 and gave the stock an “overweight” rating in a research report on Thursday, January 9th. Finally, TD Cowen boosted their price objective on Walmart from $90.00 to $100.00 and gave the company a “buy” rating in a research report on Wednesday, November 20th. Two equities research analysts have rated the stock with a hold rating, twenty-nine have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $94.69.

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.