Armor Investment Advisors LLC Reduces Position in Walmart Inc. (NYSE:WMT)

Armor Investment Advisors LLC reduced its position in shares of Walmart Inc. (NYSE:WMT) by 4.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 17,241 shares of the retailer’s stock after selling 863 shares during the period. Armor Investment Advisors LLC’s holdings in Walmart were worth $1,558,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Focus Financial Network Inc. raised its stake in Walmart by 12.9% in the fourth quarter. Focus Financial Network Inc. now owns 39,756 shares of the retailer’s stock valued at $3,599,000 after buying an additional 4,540 shares in the last quarter. POM Investment Strategies LLC increased its holdings in shares of Walmart by 10.7% in the 4th quarter. POM Investment Strategies LLC now owns 1,466 shares of the retailer’s stock valued at $132,000 after acquiring an additional 142 shares during the last quarter. Sapient Capital LLC raised its position in shares of Walmart by 2.2% during the 4th quarter. Sapient Capital LLC now owns 410,077 shares of the retailer’s stock worth $37,135,000 after acquiring an additional 8,683 shares in the last quarter. Pineridge Advisors LLC lifted its stake in Walmart by 14.5% during the fourth quarter. Pineridge Advisors LLC now owns 7,514 shares of the retailer’s stock worth $679,000 after purchasing an additional 953 shares during the last quarter. Finally, Panoramic Capital Partners LLC acquired a new position in Walmart in the fourth quarter valued at approximately $412,000. Institutional investors and hedge funds own 26.76% of the company’s stock.

Analysts Set New Price Targets

WMT has been the topic of a number of research analyst reports. JPMorgan Chase & Co. raised their price objective on shares of Walmart from $97.00 to $112.00 and gave the stock an “overweight” rating in a report on Monday. Piper Sandler lifted their price target on shares of Walmart from $83.00 to $93.00 and gave the stock an “overweight” rating in a research note on Monday, November 18th. DZ Bank downgraded shares of Walmart from a “buy” rating to a “hold” rating and set a $91.00 price objective for the company. in a research note on Thursday, November 21st. KeyCorp lifted their target price on Walmart from $96.00 to $100.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 11th. Finally, Evercore ISI upped their target price on Walmart from $94.00 to $96.00 and gave the company an “outperform” rating in a research report on Tuesday, December 3rd. Two investment analysts have rated the stock with a hold rating, twenty-nine have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $98.08.

Insider Buying and Selling

In other news, EVP John D. Rainey sold 38,000 shares of the business’s stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $98.80, for a total transaction of $3,754,400.00. Following the sale, the executive vice president now owns 257,281 shares of the company’s stock, valued at $25,419,362.80. The trade was a 12.87 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP John R. Furner sold 13,125 shares of the firm’s stock in a transaction that occurred on Thursday, January 23rd. The shares were sold at an average price of $92.96, for a total value of $1,220,100.00. Following the completion of the transaction, the executive vice president now directly owns 568,626 shares of the company’s stock, valued at $52,859,472.96. The trade was a 2.26 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 175,177 shares of company stock valued at $16,403,728. Corporate insiders own 45.58% of the company’s stock.

Walmart Stock Down 0.5 %

WMT opened at $102.45 on Wednesday. The business has a 50 day simple moving average of $94.27 and a 200-day simple moving average of $84.59. Walmart Inc. has a 12 month low of $55.85 and a 12 month high of $103.11. The stock has a market capitalization of $822.98 billion, a P/E ratio of 42.04, a P/E/G ratio of 4.25 and a beta of 0.55. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.85 and a quick ratio of 0.23.

Walmart (NYSE:WMT) last released its earnings results on Tuesday, November 19th. The retailer reported $0.58 EPS for the quarter, beating 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 company had revenue of $169.59 billion during the quarter, compared to the consensus estimate of $167.69 billion. During the same quarter last year, the company earned $0.51 earnings per share. Walmart’s quarterly revenue was up 5.5% compared to the same quarter last year. On average, equities analysts anticipate that Walmart Inc. will post 2.48 earnings per share for the current fiscal 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.