BerganKDV Wealth Management LLC Trims Stock Position in Walmart Inc. (NYSE:WMT)

BerganKDV Wealth Management LLC lowered its stake in shares of Walmart Inc. (NYSE:WMTGet Rating) by 1.2% in the first quarter, according to its most recent 13F filing with the SEC. The fund owned 21,091 shares of the retailer’s stock after selling 249 shares during the period. BerganKDV Wealth Management LLC’s holdings in Walmart were worth $3,141,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the stock. Geode Capital Management LLC raised its stake in shares of Walmart by 0.8% during the 4th quarter. Geode Capital Management LLC now owns 24,239,022 shares of the retailer’s stock valued at $3,496,676,000 after buying an additional 201,552 shares during the last quarter. Norges Bank purchased a new position in shares of Walmart in the 4th quarter valued at about $2,925,852,000. Nuveen Asset Management LLC increased its stake in shares of Walmart by 8.0% in the 4th quarter. Nuveen Asset Management LLC now owns 10,881,290 shares of the retailer’s stock valued at $1,574,414,000 after purchasing an additional 801,954 shares in the last quarter. Charles Schwab Investment Management Inc. increased its stake in shares of Walmart by 5.8% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 10,601,132 shares of the retailer’s stock valued at $1,533,877,000 after purchasing an additional 584,227 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its stake in shares of Walmart by 3.4% in the 4th quarter. Dimensional Fund Advisors LP now owns 10,526,788 shares of the retailer’s stock valued at $1,523,024,000 after purchasing an additional 341,661 shares in the last quarter. Hedge funds and other institutional investors own 30.79% of the company’s stock.

Walmart Trading Up 0.8 %

WMT traded up $1.01 during trading hours on Friday, reaching $126.58. The company’s stock had a trading volume of 10,668,955 shares, compared to its average volume of 8,804,530. Walmart Inc. has a fifty-two week low of $117.27 and a fifty-two week high of $160.77. The stock has a market cap of $346.97 billion, a PE ratio of 27.22, a P/E/G ratio of 4.02 and a beta of 0.53. The business’s 50-day moving average is $125.33 and its 200-day moving average is $137.04. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.86 and a quick ratio of 0.23.

Walmart (NYSE:WMTGet Rating) last released its quarterly earnings data on Tuesday, May 17th. The retailer reported $1.30 EPS for the quarter, missing analysts’ consensus estimates of $1.48 by ($0.18). Walmart had a net margin of 2.26% and a return on equity of 19.05%. The business had revenue of $141.60 billion during the quarter, compared to analyst estimates of $138.05 billion. During the same quarter in the prior year, the company posted $1.69 earnings per share. The company’s revenue was up 2.4% on a year-over-year basis. As a group, equities research analysts predict that Walmart Inc. will post 5.68 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Walmart news, CEO C Douglas Mcmillon sold 9,708 shares of the company’s stock in a transaction on Thursday, July 28th. The stock was sold at an average price of $127.05, for a total transaction of $1,233,401.40. Following the transaction, the chief executive officer now directly owns 1,507,454 shares in the company, valued at $191,522,030.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders have sold 29,124 shares of company stock worth $3,638,461 over the last ninety days. Corporate insiders own 47.06% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the company. BMO Capital Markets cut their price target on Walmart from $170.00 to $165.00 and set an “outperform” rating for the company in a research note on Wednesday, May 18th. Truist Financial cut their price target on Walmart from $139.00 to $117.00 in a research note on Tuesday, July 26th. Deutsche Bank Aktiengesellschaft cut their price target on Walmart from $184.00 to $181.00 in a research note on Monday, May 16th. Gordon Haskett cut their price objective on Walmart from $140.00 to $135.00 and set a “hold” rating for the company in a research note on Wednesday, May 18th. Finally, MKM Partners cut their price objective on Walmart from $159.00 to $152.00 and set a “buy” rating for the company in a research note on Tuesday, July 26th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and eighteen have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $151.00.

About Walmart

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Walmart Inc engages in the operation of retail, wholesale, and other units 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; membership-only warehouse clubs; ecommerce websites, such as walmart.com, walmart.com.mx, walmart.ca, flipkart.com, and samsclub.com; and mobile commerce applications.

Further Reading

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Institutional Ownership by Quarter for Walmart (NYSE:WMT)

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