Bowman & Co S.C. Sells 473 Shares of Walmart Inc. (NYSE:WMT)

Bowman & Co S.C. cut its stake in Walmart Inc. (NYSE:WMT) by 1.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 42,962 shares of the retailer’s stock after selling 473 shares during the period. Walmart comprises approximately 2.0% of Bowman & Co S.C.’s holdings, making the stock its 12th largest holding. Bowman & Co S.C.’s holdings in Walmart were worth $3,882,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of WMT. Moss Adams Wealth Advisors LLC increased its position in shares of Walmart by 5.9% during the 4th quarter. Moss Adams Wealth Advisors LLC now owns 18,882 shares of the retailer’s stock worth $1,710,000 after purchasing an additional 1,046 shares in the last quarter. Kera Capital Partners Inc. bought a new stake in Walmart during the fourth quarter worth about $206,000. Krilogy Financial LLC increased its holdings in shares of Walmart by 29.3% during the fourth quarter. Krilogy Financial LLC now owns 67,031 shares of the retailer’s stock worth $6,056,000 after buying an additional 15,190 shares in the last quarter. TruWealth Advisors LLC raised its stake in shares of Walmart by 2.8% in the fourth quarter. TruWealth Advisors LLC now owns 33,406 shares of the retailer’s stock valued at $3,018,000 after acquiring an additional 923 shares during the last quarter. Finally, Ameritas Advisory Services LLC boosted its holdings in shares of Walmart by 18.9% in the 4th quarter. Ameritas Advisory Services LLC now owns 111,987 shares of the retailer’s stock worth $10,118,000 after acquiring an additional 17,799 shares in the last quarter. Institutional investors own 26.76% of the company’s stock.

Walmart Stock Up 0.8 %

Shares of Walmart stock opened at $92.02 on Monday. The company has a market capitalization of $739.19 billion, a P/E ratio of 37.76, a price-to-earnings-growth ratio of 4.41 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. The business has a 50-day moving average of $91.15 and a two-hundred day moving average of $81.37. Walmart Inc. has a 1 year low of $53.44 and a 1 year high of $96.18.

Walmart (NYSE:WMT) last posted its earnings results on Tuesday, November 19th. The retailer reported $0.58 earnings per share (EPS) for the quarter, topping 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 business had revenue of $169.59 billion during the quarter, compared to analysts’ expectations of $167.69 billion. During the same period in the prior year, the business earned $0.51 EPS. Walmart’s revenue for the quarter 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

A number of equities research analysts recently weighed in on WMT shares. StockNews.com cut Walmart from a “strong-buy” rating to a “buy” rating in a report on Wednesday, November 20th. KeyCorp raised their target price on Walmart from $96.00 to $100.00 and gave the company an “overweight” rating in a research note on Wednesday, December 11th. Royal Bank of Canada reiterated an “outperform” rating and set a $105.00 price target on shares of Walmart in a research report on Wednesday, January 15th. DZ Bank cut shares of Walmart from a “buy” rating to a “hold” rating and set a $91.00 price objective for the company. in a research report on Thursday, November 21st. Finally, Tigress Financial increased their price objective on Walmart from $86.00 to $115.00 and gave the company a “buy” rating in a research report on Friday, December 13th. Two investment 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 presently has an average rating of “Moderate Buy” and an average target price of $94.49.

Insider Buying and Selling

In other Walmart news, EVP Daniel J. Bartlett sold 1,830 shares of Walmart stock in a transaction dated Wednesday, January 15th. The stock was sold at an average price of $91.07, for a total value of $166,658.10. Following the sale, the executive vice president now owns 460,705 shares of the company’s stock, valued at $41,956,404.35. This trade represents a 0.40 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO C Douglas Mcmillon sold 29,124 shares of the company’s stock in a transaction dated Thursday, December 26th. The stock was sold at an average price of $92.35, for a total value of $2,689,601.40. Following the transaction, the chief executive officer now directly owns 3,785,702 shares of the company’s stock, valued at $349,609,579.70. This represents a 0.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 140,177 shares of company stock worth $12,478,149 over the last ninety days. Company insiders own 45.58% of the company’s stock.

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.