Magnolia Capital Advisors LLC Sells 5,608 Shares of Walmart Inc. (NYSE:WMT)

Magnolia Capital Advisors LLC lowered its position in shares of Walmart Inc. (NYSE:WMT) by 24.3% in the fourth quarter, HoldingsChannel reports. The fund owned 17,495 shares of the retailer’s stock after selling 5,608 shares during the period. Walmart accounts for approximately 0.8% of Magnolia Capital Advisors LLC’s investment portfolio, making the stock its 29th largest holding. Magnolia Capital Advisors LLC’s holdings in Walmart were worth $1,581,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Czech National Bank increased its holdings in shares of Walmart by 8.7% in the third quarter. Czech National Bank now owns 884,820 shares of the retailer’s stock worth $71,449,000 after acquiring an additional 70,808 shares in the last quarter. Miracle Mile Advisors LLC increased its holdings in shares of Walmart by 12.2% in the third quarter. Miracle Mile Advisors LLC now owns 43,617 shares of the retailer’s stock worth $3,522,000 after acquiring an additional 4,753 shares in the last quarter. Heartwood Wealth Advisors LLC increased its holdings in shares of Walmart by 8.2% in the third quarter. Heartwood Wealth Advisors LLC now owns 8,448 shares of the retailer’s stock worth $682,000 after acquiring an additional 642 shares in the last quarter. Versant Capital Management Inc increased its holdings in shares of Walmart by 74.0% in the third quarter. Versant Capital Management Inc now owns 9,761 shares of the retailer’s stock worth $788,000 after acquiring an additional 4,152 shares in the last quarter. Finally, Aprio Wealth Management LLC increased its holdings in shares of Walmart by 9.9% in the third quarter. Aprio Wealth Management LLC now owns 13,261 shares of the retailer’s stock worth $1,071,000 after acquiring an additional 1,197 shares in the last quarter. Institutional investors own 26.76% of the company’s stock.

Insider Transactions at Walmart

In other Walmart news, EVP Daniel J. Bartlett sold 1,830 shares of the firm’s stock in a transaction on Wednesday, January 15th. The stock was sold at an average price of $91.07, for a total transaction of $166,658.10. Following the transaction, the executive vice president now owns 460,705 shares in the company, valued at $41,956,404.35. This trade represents a 0.40 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO C Douglas Mcmillon sold 29,124 shares of the firm’s 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 in the company, valued at approximately $348,825,769.20. This trade represents a 0.76 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 137,177 shares of company stock worth $12,649,328. Company insiders own 45.58% of the company’s stock.

Walmart Price Performance

Shares of NYSE WMT opened at $100.92 on Wednesday. The firm has a market cap of $810.71 billion, a P/E ratio of 41.42, a price-to-earnings-growth ratio of 4.49 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 Inc. has a 1-year low of $55.85 and a 1-year high of $100.95. The business’s 50 day moving average is $93.27 and its 200-day moving average is $83.48.

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

Analyst Upgrades and Downgrades

WMT has been the subject of several recent analyst reports. Sanford C. Bernstein increased their price target on Walmart from $98.00 to $102.00 and gave the stock an “outperform” rating in a report on Wednesday, November 20th. Wells Fargo & Company upped their price objective on Walmart from $100.00 to $108.00 and gave the stock an “overweight” rating in a research report on Monday. TD Cowen upped their price objective on Walmart from $90.00 to $100.00 and gave the stock a “buy” rating in a research report on Wednesday, November 20th. Roth Mkm upped their price objective on Walmart from $81.00 to $97.00 and gave the stock a “buy” rating in a research report on Wednesday, November 20th. Finally, Telsey Advisory Group upped their price objective on Walmart from $92.00 to $100.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 19th. Two equities 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 stock. According to MarketBeat.com, Walmart has a consensus rating of “Moderate Buy” and a consensus price target of $95.37.

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.