Everence Capital Management Inc. Has $11.01 Million Holdings in Walmart Inc. (NYSE:WMT)

Everence Capital Management Inc. lessened its holdings in Walmart Inc. (NYSE:WMT) by 8.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 121,850 shares of the retailer’s stock after selling 10,950 shares during the quarter. Walmart makes up approximately 0.7% of Everence Capital Management Inc.’s holdings, making the stock its 19th biggest holding. Everence Capital Management Inc.’s holdings in Walmart were worth $11,009,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Fiera Capital Corp bought a new stake in shares of Walmart in the 2nd quarter valued at about $222,000. Foundations Investment Advisors LLC increased its stake in Walmart by 9.1% in the second quarter. Foundations Investment Advisors LLC now owns 57,580 shares of the retailer’s stock valued at $3,899,000 after purchasing an additional 4,804 shares in the last quarter. Larson Financial Group LLC raised its holdings in Walmart by 10.3% in the second quarter. Larson Financial Group LLC now owns 30,448 shares of the retailer’s stock worth $2,062,000 after purchasing an additional 2,853 shares during the period. Gries Financial LLC boosted its position in shares of Walmart by 19.6% during the second quarter. Gries Financial LLC now owns 4,445 shares of the retailer’s stock worth $301,000 after purchasing an additional 729 shares in the last quarter. Finally, Pursue Wealth Partners LLC grew its holdings in shares of Walmart by 7.0% in the 2nd quarter. Pursue Wealth Partners LLC now owns 36,937 shares of the retailer’s stock valued at $2,501,000 after buying an additional 2,401 shares during the period. 26.76% of the stock is owned by institutional investors.

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 on Wednesday, November 27th. The stock was purchased at an average price of $91.81 per share, with a total value of $499,997.26. Following the acquisition, the director now directly owns 7,805 shares of the company’s stock, valued at approximately $716,577.05. This trade represents a 230.86 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO C Douglas Mcmillon sold 29,124 shares of the stock in a transaction that occurred on Thursday, December 26th. The stock was sold at an average price of $92.35, for a total transaction of $2,689,601.40. Following the transaction, the chief executive officer now owns 3,785,702 shares in the company, valued at approximately $349,609,579.70. The trade was a 0.76 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 140,412 shares of company stock valued at $12,478,116 in the last three months. 45.58% of the stock is currently owned by company insiders.

Walmart Stock Performance

Shares of NYSE WMT traded up $1.19 during midday trading on Friday, hitting $91.19. 3,307,703 shares of the company’s stock were exchanged, compared to its average volume of 8,728,103. The company has a quick ratio of 0.23, a current ratio of 0.85 and a debt-to-equity ratio of 0.42. The firm has a market capitalization of $732.56 billion, a PE ratio of 37.42, a price-to-earnings-growth ratio of 4.47 and a beta of 0.54. Walmart Inc. has a 12 month low of $51.87 and a 12 month high of $96.18. The company’s 50 day moving average price is $89.25 and its 200 day moving average price is $79.47.

Walmart (NYSE:WMT) last released its quarterly earnings data on Tuesday, November 19th. The retailer reported $0.58 EPS for the quarter, topping analysts’ consensus estimates 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 net margin of 2.92% and a return on equity of 21.78%. The company’s revenue for the quarter was up 5.5% compared to the same quarter last year. During the same period in the previous year, the business posted $0.51 earnings per share. As a group, analysts predict that Walmart Inc. will post 2.47 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms have weighed in on WMT. KeyCorp lifted their target price on Walmart from $96.00 to $100.00 and gave the stock an “overweight” rating in a report on Wednesday, December 11th. Royal Bank of Canada lifted their price objective on Walmart from $88.00 to $92.00 and gave the company an “overweight” rating in a report on Monday, November 18th. BMO Capital Markets increased their target price on Walmart from $80.00 to $100.00 and gave the stock an “outperform” rating in a research note on Monday, November 18th. Citigroup raised their target price on shares of Walmart from $75.00 to $98.00 and gave the stock a “buy” rating in a report on Friday, September 27th. Finally, Tigress Financial upped their price target on shares of Walmart from $86.00 to $115.00 and gave the company a “buy” rating in a report on Friday, December 13th. Two research analysts have rated the stock with a hold rating, twenty-nine have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $93.69.

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.