Walmart Inc. (NYSE:WMT) Position Decreased by A. D. Beadell Investment Counsel Inc.

A. D. Beadell Investment Counsel Inc. reduced its holdings in Walmart Inc. (NYSE:WMT) by 20.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,000 shares of the retailer’s stock after selling 750 shares during the quarter. A. D. Beadell Investment Counsel Inc.’s holdings in Walmart were worth $271,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the business. ST Germain D J Co. Inc. grew its position in Walmart by 1.3% in the fourth quarter. ST Germain D J Co. Inc. now owns 183,276 shares of the retailer’s stock worth $16,559,000 after buying an additional 2,394 shares during the last quarter. Wealth Enhancement Advisory Services LLC grew its holdings in shares of Walmart by 25.6% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 2,910,626 shares of the retailer’s stock worth $262,975,000 after acquiring an additional 593,874 shares during the last quarter. Avondale Wealth Management raised its position in shares of Walmart by 4.2% during the fourth quarter. Avondale Wealth Management now owns 11,150 shares of the retailer’s stock worth $1,007,000 after purchasing an additional 450 shares during the period. First International Bank & Trust lifted its holdings in shares of Walmart by 18.7% during the fourth quarter. First International Bank & Trust now owns 13,681 shares of the retailer’s stock valued at $1,236,000 after purchasing an additional 2,159 shares during the last quarter. Finally, Watts Gwilliam & Co. LLC boosted its position in shares of Walmart by 24.7% in the 4th quarter. Watts Gwilliam & Co. LLC now owns 24,260 shares of the retailer’s stock valued at $2,203,000 after purchasing an additional 4,806 shares during the period. 26.76% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, EVP Daniel J. Bartlett sold 2,065 shares of the business’s stock in a transaction dated Tuesday, October 15th. The shares were sold at an average price of $80.69, for a total transaction of $166,624.85. Following the transaction, the executive vice president now owns 457,493 shares in the company, valued at approximately $36,915,110.17. The trade was a 0.45 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP John D. Rainey sold 3,000 shares of the firm’s stock in a transaction on Friday, November 1st. The stock was sold at an average price of $82.12, for a total value of $246,360.00. Following the completion of the transaction, the executive vice president now directly owns 378,165 shares of the company’s stock, valued at approximately $31,054,909.80. This trade represents a 0.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 140,412 shares of company stock worth $12,478,116 in the last quarter. 45.58% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several analysts have issued reports on the company. Evercore ISI boosted their price objective on Walmart from $94.00 to $96.00 and gave the stock an “outperform” rating in a report on Tuesday, December 3rd. BMO Capital Markets boosted their price target on shares of Walmart from $80.00 to $100.00 and gave the company an “outperform” rating in a report on Monday, November 18th. Stifel Nicolaus raised their price objective on shares of Walmart from $89.00 to $94.00 and gave the stock a “hold” rating in a research note on Tuesday, December 10th. StockNews.com cut shares of Walmart from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, November 20th. Finally, Citigroup increased their target price on Walmart from $75.00 to $98.00 and gave the company a “buy” rating in a report on Friday, September 27th. Two investment analysts have rated the stock with a hold rating, twenty-nine have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $94.08.

Walmart Stock Up 1.0 %

Shares of NYSE WMT traded up $0.91 during mid-day trading on Friday, reaching $92.71. 6,716,752 shares of the company traded hands, compared to its average volume of 11,841,860. The company’s fifty day moving average is $90.16 and its two-hundred day moving average is $80.29. Walmart Inc. has a fifty-two week low of $53.39 and a fifty-two week high of $96.18. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.23 and a current ratio of 0.85. The stock has a market cap of $744.78 billion, a PE ratio of 38.05, a price-to-earnings-growth ratio of 4.47 and a beta of 0.55.

Walmart (NYSE:WMT) last announced its quarterly earnings results on Tuesday, November 19th. The retailer reported $0.58 EPS for the quarter, beating the consensus estimate of $0.53 by $0.05. Walmart had a return on equity of 21.78% and a net margin of 2.92%. The company had revenue of $169.59 billion for the quarter, compared to the consensus estimate of $167.69 billion. During the same quarter last year, the company posted $0.51 earnings per share. The company’s revenue for the quarter was up 5.5% compared to the same quarter last year. On average, analysts expect that Walmart Inc. will post 2.47 earnings per share for the current year.

Walmart Company 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.