Walmart Inc. (NYSE:WMT) Shares Sold by Marietta Wealth Management LLC

Marietta Wealth Management LLC decreased its holdings in Walmart Inc. (NYSE:WMT) by 2.7% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 150,967 shares of the retailer’s stock after selling 4,169 shares during the quarter. Walmart makes up 2.0% of Marietta Wealth Management LLC’s portfolio, making the stock its 14th biggest position. Marietta Wealth Management LLC’s holdings in Walmart were worth $13,640,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Peterson Financial Group Inc. acquired a new stake in Walmart during the third quarter valued at approximately $26,000. Fiduciary Advisors Inc. bought a new stake in Walmart during the fourth quarter valued at $27,000. Voisard Asset Management Group Inc. raised its holdings in shares of Walmart by 77.3% during the third quarter. Voisard Asset Management Group Inc. now owns 399 shares of the retailer’s stock worth $32,000 after purchasing an additional 174 shares during the period. Decker Retirement Planning Inc. bought a new position in shares of Walmart in the 4th quarter worth about $32,000. Finally, Hoese & Co LLP acquired a new position in shares of Walmart in the 3rd quarter valued at about $33,000. Hedge funds and other institutional investors own 26.76% of the company’s stock.

Insider Activity at Walmart

In other news, EVP John R. Furner sold 13,125 shares of Walmart stock in a transaction dated Thursday, January 23rd. The stock was sold at an average price of $92.96, for a total value of $1,220,100.00. Following the transaction, the executive vice president now directly owns 568,626 shares in the company, valued at approximately $52,859,472.96. The trade was a 2.26 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO C Douglas Mcmillon sold 29,124 shares of the stock in a transaction that occurred on Thursday, January 23rd. The shares were sold at an average price of $92.62, for a total value of $2,697,464.88. Following the sale, the chief executive officer now owns 3,766,491 shares of the company’s stock, valued at approximately $348,852,396.42. The trade was a 0.77 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 137,177 shares of company stock worth $12,649,328. 45.58% of the stock is owned by insiders.

Analyst Ratings Changes

A number of brokerages have issued reports on WMT. Robert W. Baird raised their target price on shares of Walmart from $90.00 to $100.00 and gave the stock an “outperform” rating in a report on Wednesday, November 20th. UBS Group boosted their price objective on Walmart from $100.00 to $113.00 and gave the company a “buy” rating in a research report on Friday. Guggenheim increased their target price on Walmart from $90.00 to $100.00 and gave the stock a “buy” rating in a research report on Wednesday, November 20th. KeyCorp boosted their price target on shares of Walmart from $96.00 to $100.00 and gave the company an “overweight” rating in a report on Wednesday, December 11th. Finally, Bank of America increased their price objective on shares of Walmart from $95.00 to $105.00 and gave the stock a “buy” 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 issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $95.11.

Walmart Price Performance

WMT stock opened at $97.97 on Monday. The firm has a 50-day moving average of $93.07 and a two-hundred day moving average of $83.19. Walmart Inc. has a one year low of $55.04 and a one year high of $99.00. The company has a current ratio of 0.85, a quick ratio of 0.23 and a debt-to-equity ratio of 0.42. The firm has a market capitalization of $787.00 billion, a PE ratio of 40.20, a P/E/G ratio of 4.46 and a beta of 0.55.

Walmart (NYSE:WMT) last posted its quarterly earnings results on Tuesday, November 19th. The retailer reported $0.58 earnings per share for the quarter, topping analysts’ consensus estimates of $0.53 by $0.05. The business had revenue of $169.59 billion for 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%. Walmart’s revenue for the quarter was up 5.5% compared to the same quarter last year. During the same period in the prior year, the business posted $0.51 earnings per share. On average, analysts forecast that Walmart Inc. will post 2.48 earnings per share for the current year.

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.