Sage Private Wealth Group LLC Cuts Stock Position in Walmart Inc. (NYSE:WMT)

Sage Private Wealth Group LLC decreased its holdings in shares of Walmart Inc. (NYSE:WMT) by 2.7% during the fourth quarter, Holdings Channel.com reports. The firm owned 8,300 shares of the retailer’s stock after selling 233 shares during the period. Walmart accounts for about 0.6% of Sage Private Wealth Group LLC’s portfolio, making the stock its 18th largest position. Sage Private Wealth Group LLC’s holdings in Walmart were worth $750,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also bought and sold shares of WMT. Fiduciary Advisors Inc. purchased a new position in Walmart in the fourth quarter worth about $27,000. Peterson Financial Group Inc. bought a new stake in shares of Walmart in the 3rd quarter valued at approximately $26,000. Decker Retirement Planning Inc. purchased a new position in shares of Walmart in the 4th quarter worth approximately $32,000. Voisard Asset Management Group Inc. boosted its holdings in shares of Walmart by 77.3% in the 3rd 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. Finally, Livelsberger Financial Advisory bought a new position in shares of Walmart during the 3rd quarter valued at approximately $36,000. Institutional investors own 26.76% of the company’s stock.

Insider Buying and Selling at Walmart

In other Walmart news, Director Robert Edward Jr. Moritz purchased 5,446 shares of the stock in a transaction on Wednesday, November 27th. The stock was acquired at an average price of $91.81 per share, with a total value of $499,997.26. Following the completion of the acquisition, the director now owns 7,805 shares in the company, valued at $716,577.05. The trade was a 230.86 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO C Douglas Mcmillon sold 29,124 shares of the company’s stock in a transaction dated Wednesday, November 27th. The shares were sold at an average price of $91.44, for a total transaction 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. Insiders sold a total of 175,177 shares of company stock worth $16,403,728 over the last three months. Corporate insiders own 45.58% of the company’s stock.

Walmart Trading Up 1.1 %

Shares of NYSE WMT opened at $103.62 on Thursday. The business has a fifty day moving average price of $94.45 and a 200 day moving average price of $84.82. Walmart Inc. has a 1-year low of $55.85 and a 1-year high of $103.90. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.85 and a quick ratio of 0.23. The stock has a market capitalization of $832.42 billion, a P/E ratio of 42.53, a price-to-earnings-growth ratio of 4.25 and a beta of 0.55.

Walmart (NYSE:WMT) last released its quarterly earnings results on Tuesday, November 19th. The retailer reported $0.58 earnings per share for the quarter, beating analysts’ consensus estimates of $0.53 by $0.05. Walmart had a net margin of 2.92% and a return on equity of 21.78%. The business had revenue of $169.59 billion for the quarter, compared to analysts’ expectations of $167.69 billion. During the same period last year, the business earned $0.51 EPS. The company’s revenue was up 5.5% compared to the same quarter last year. Equities research analysts expect that Walmart Inc. will post 2.48 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of analysts recently issued reports on the company. Roth Mkm raised their price target on Walmart from $81.00 to $97.00 and gave the stock a “buy” rating in a research report on Wednesday, November 20th. Citigroup lifted their price target on shares of Walmart from $98.00 to $120.00 and gave the stock a “buy” rating in a research note on Tuesday. Royal Bank of Canada reissued an “outperform” rating and issued a $105.00 price objective on shares of Walmart in a research report on Wednesday, January 15th. Robert W. Baird boosted their target price on Walmart from $90.00 to $100.00 and gave the company an “outperform” rating in a research report on Wednesday, November 20th. Finally, StockNews.com downgraded Walmart from a “strong-buy” rating to a “buy” rating in a report on Wednesday, November 20th. Two 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 data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $98.56.

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.