Ellenbecker Investment Group Sells 310 Shares of Walmart Inc. (NYSE:WMT)

Ellenbecker Investment Group trimmed its position in shares of Walmart Inc. (NYSE:WMT) by 2.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 13,418 shares of the retailer’s stock after selling 310 shares during the period. Ellenbecker Investment Group’s holdings in Walmart were worth $1,212,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Kozak & Associates Inc. boosted its holdings in Walmart by 22.3% during the fourth quarter. Kozak & Associates Inc. now owns 619 shares of the retailer’s stock valued at $56,000 after purchasing an additional 113 shares in the last quarter. Summit Financial Wealth Advisors LLC lifted its position in shares of Walmart by 0.5% during the 3rd quarter. Summit Financial Wealth Advisors LLC now owns 23,720 shares of the retailer’s stock worth $1,915,000 after buying an additional 118 shares during the period. Lowe Wealth Advisors LLC boosted its stake in Walmart by 13.5% in the 4th quarter. Lowe Wealth Advisors LLC now owns 1,018 shares of the retailer’s stock valued at $92,000 after buying an additional 121 shares in the last quarter. Providence Wealth Advisors LLC raised its stake in Walmart by 0.3% during the third quarter. Providence Wealth Advisors LLC now owns 43,549 shares of the retailer’s stock worth $3,591,000 after acquiring an additional 122 shares in the last quarter. Finally, 3Chopt Investment Partners LLC lifted its holdings in shares of Walmart by 0.4% during the third quarter. 3Chopt Investment Partners LLC now owns 32,633 shares of the retailer’s stock valued at $2,635,000 after acquiring an additional 124 shares during the period. Institutional investors and hedge funds own 26.76% of the company’s stock.

Walmart Stock Down 1.7 %

Shares of Walmart stock opened at $91.39 on Tuesday. Walmart Inc. has a 1 year low of $53.44 and a 1 year high of $96.18. 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 company has a market capitalization of $734.17 billion, a P/E ratio of 37.51, a price-to-earnings-growth ratio of 4.47 and a beta of 0.55. The business has a 50-day moving average of $90.56 and a two-hundred day moving average of $80.80.

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 the consensus estimate of $0.53 by $0.05. Walmart had a net margin of 2.92% and a return on equity of 21.78%. The company had revenue of $169.59 billion during the quarter, compared to analysts’ expectations of $167.69 billion. During the same quarter in the prior year, the company earned $0.51 earnings per share. The business’s quarterly revenue was up 5.5% compared to the same quarter last year. As a group, equities analysts predict that Walmart Inc. will post 2.47 EPS for the current year.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on WMT shares. Melius Research initiated coverage on shares of Walmart in a report on Monday, September 23rd. They issued a “buy” rating and a $95.00 target price on the stock. Truist Financial raised their price objective on shares of Walmart from $89.00 to $98.00 and gave the stock a “buy” rating in a report on Wednesday, November 20th. Robert W. Baird boosted their target price on Walmart from $90.00 to $100.00 and gave the stock an “outperform” rating in a report on Wednesday, November 20th. UBS Group raised their price target on Walmart from $92.00 to $100.00 and gave the company a “buy” rating in a report on Wednesday, November 20th. Finally, DZ Bank lowered Walmart from a “buy” rating to a “hold” rating and set a $91.00 price objective on the stock. in a research note on Thursday, November 21st. Two 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 company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $94.08.

Insider Buying and Selling at Walmart

In other Walmart news, Director Robert Edward Jr. Moritz acquired 5,446 shares of the business’s stock in a transaction dated Wednesday, November 27th. The shares were acquired at an average price of $91.81 per share, with a total value 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 trade represents a 230.86 % increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO C Douglas Mcmillon sold 29,124 shares of the firm’s stock in a transaction on Thursday, October 24th. The shares were sold at an average price of $82.79, for a total transaction of $2,411,175.96. Following the completion of the transaction, the chief executive officer now directly owns 3,843,929 shares of the company’s stock, valued at approximately $318,238,881.91. This trade represents a 0.75 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 138,347 shares of company stock valued at $12,311,491 in the last 90 days. 45.58% of the stock is currently owned by company insiders.

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.