Beaumont Asset Management L.L.C. Lowers Stake in Walmart Inc. (NYSE:WMT)

Beaumont Asset Management L.L.C. lessened its stake in Walmart Inc. (NYSE:WMT) by 2.6% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 25,839 shares of the retailer’s stock after selling 699 shares during the period. Walmart comprises approximately 1.4% of Beaumont Asset Management L.L.C.’s portfolio, making the stock its 16th largest position. Beaumont Asset Management L.L.C.’s holdings in Walmart were worth $2,335,000 at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in the company. Peterson Financial Group Inc. purchased a new stake in shares of Walmart in the 3rd quarter valued at $26,000. Fiduciary Advisors Inc. acquired a new position in Walmart in the 4th quarter valued at about $27,000. Voisard Asset Management Group Inc. increased its stake in 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. acquired a new stake in shares of Walmart during the fourth quarter worth about $32,000. Finally, Livelsberger Financial Advisory purchased a new position in shares of Walmart in the third quarter valued at approximately $36,000. 26.76% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Walmart

In other news, Director Robert Edward Jr. Moritz purchased 5,446 shares of the business’s stock in a transaction that occurred on Wednesday, November 27th. The stock was purchased at an average cost of $91.81 per share, with a total value of $499,997.26. Following the completion of the acquisition, the director now directly owns 7,805 shares of the company’s stock, valued at approximately $716,577.05. This trade represents a 230.86 % increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO C Douglas Mcmillon sold 29,124 shares of Walmart stock in a transaction that occurred on Wednesday, November 27th. The shares were sold at an average price of $91.44, for a total value of $2,663,098.56. Following the completion of the sale, the chief executive officer now directly owns 3,814,805 shares in the company, valued at $348,825,769.20. This represents a 0.76 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 175,177 shares of company stock worth $16,403,728 over the last 90 days. 45.58% of the stock is currently owned by insiders.

Walmart Trading Down 1.6 %

NYSE WMT opened at $101.17 on Monday. The firm’s fifty day moving average is $94.07 and its two-hundred day moving average is $84.26. Walmart Inc. has a one year low of $55.85 and a one year high of $103.11. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.23 and a current ratio of 0.85. The firm has a market cap of $812.73 billion, a PE ratio of 41.52, a P/E/G ratio of 4.25 and a beta of 0.55.

Walmart (NYSE:WMT) last issued its quarterly earnings results on Tuesday, November 19th. The retailer reported $0.58 earnings per share (EPS) for the quarter, beating the consensus estimate 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 for the quarter, compared to analysts’ expectations of $167.69 billion. During the same quarter in the previous year, the firm posted $0.51 EPS. The firm’s revenue for the quarter was up 5.5% on a year-over-year basis. Analysts expect that Walmart Inc. will post 2.48 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on WMT. Evercore ISI upped their target price on shares of Walmart from $94.00 to $96.00 and gave the stock an “outperform” rating in a research note on Tuesday, December 3rd. Stifel Nicolaus upped their price objective on Walmart from $89.00 to $94.00 and gave the stock a “hold” rating in a research report on Tuesday, December 10th. Guggenheim lifted their target price on Walmart from $90.00 to $100.00 and gave the company a “buy” rating in a report on Wednesday, November 20th. Morgan Stanley upped their price target on Walmart from $100.00 to $106.00 and gave the stock an “overweight” rating in a report on Tuesday, January 21st. Finally, TD Cowen lifted their price objective on Walmart from $90.00 to $100.00 and gave the company a “buy” rating in a research note 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 assigned a strong buy rating to the stock. According to MarketBeat.com, Walmart has an average rating of “Moderate Buy” and a consensus target price of $96.01.

Walmart Company 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.