Walmart Inc. (NYSE:WMT) Shares Sold by SNS Financial Group LLC

SNS Financial Group LLC lowered its stake in Walmart Inc. (NYSE:WMT) by 3.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 4,201 shares of the retailer’s stock after selling 153 shares during the quarter. SNS Financial Group LLC’s holdings in Walmart were worth $380,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of WMT. Swedbank AB increased its stake in Walmart by 0.4% during the third quarter. Swedbank AB now owns 5,345,293 shares of the retailer’s stock worth $431,632,000 after purchasing an additional 18,644 shares during the period. Foundations Investment Advisors LLC increased its stake in Walmart by 18.9% during the third quarter. Foundations Investment Advisors LLC now owns 68,449 shares of the retailer’s stock worth $5,527,000 after purchasing an additional 10,869 shares during the period. Sequoia Financial Advisors LLC increased its stake in Walmart by 3.8% during the third quarter. Sequoia Financial Advisors LLC now owns 691,596 shares of the retailer’s stock worth $55,846,000 after purchasing an additional 25,386 shares during the period. Eastern Bank increased its stake in Walmart by 128.0% during the third quarter. Eastern Bank now owns 1,346,897 shares of the retailer’s stock worth $108,762,000 after purchasing an additional 756,064 shares during the period. Finally, Maripau Wealth Management LLC increased its stake in Walmart by 6.1% during the third quarter. Maripau Wealth Management LLC now owns 11,741 shares of the retailer’s stock worth $948,000 after purchasing an additional 674 shares during the period. Institutional investors and hedge funds own 26.76% of the company’s stock.

Insiders Place Their Bets

In other news, Director Robert Edward Jr. Moritz purchased 5,446 shares of the company’s stock in a transaction dated Wednesday, November 27th. The stock was acquired at an average price of $91.81 per share, for a total transaction of $499,997.26. Following the completion of the transaction, the director now directly owns 7,805 shares in the company, valued at $716,577.05. This represents a 230.86 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this link. Also, SVP David Chojnowski sold 5,600 shares of the firm’s stock in a transaction on Wednesday, November 27th. The shares were sold at an average price of $91.45, for a total value of $512,120.00. Following the completion of the transaction, the senior vice president now owns 87,404 shares of the company’s stock, valued at approximately $7,993,095.80. This represents a 6.02 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 175,177 shares of company stock worth $16,403,728. 45.58% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

WMT has been the topic of a number of recent research reports. Telsey Advisory Group boosted their price target on shares of Walmart from $105.00 to $115.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 12th. DZ Bank lowered shares of Walmart from a “buy” rating to a “hold” rating and set a $91.00 target price on the stock. in a research note on Thursday, November 21st. Bank of America upped their target price on shares of Walmart from $95.00 to $105.00 and gave the stock a “buy” rating in a research note on Wednesday, November 20th. Guggenheim upped their target price on shares of Walmart from $90.00 to $100.00 and gave the stock a “buy” rating in a research note on Wednesday, November 20th. Finally, Jefferies Financial Group upped their target price on shares of Walmart from $105.00 to $111.00 and gave the stock a “buy” rating in a research note on Tuesday, December 17th. Two research analysts have rated the stock with a hold rating, twenty-nine have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Walmart presently has a consensus rating of “Moderate Buy” and an average price target of $101.87.

Walmart Price Performance

WMT stock opened at $103.90 on Thursday. The business has a 50 day simple moving average of $95.56 and a 200-day simple moving average of $86.17. The company has a market capitalization of $834.69 billion, a P/E ratio of 42.64, a PEG ratio of 4.39 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 twelve month low of $57.60 and a twelve month high of $105.30.

Walmart (NYSE:WMT) last released its quarterly earnings data on Tuesday, November 19th. The retailer reported $0.58 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.53 by $0.05. The firm had revenue of $169.59 billion during the quarter, compared to analysts’ expectations of $167.69 billion. Walmart had a return on equity of 21.78% and a net margin of 2.92%. Walmart’s revenue was up 5.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.51 earnings per share. As a group, equities analysts anticipate that Walmart Inc. will post 2.48 EPS for the current year.

About Walmart

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.