Walmart Inc. (NYSE:WMT) Stock Holdings Lessened by Bridge Creek Capital Management LLC

Bridge Creek Capital Management LLC lessened its holdings in shares of Walmart Inc. (NYSE:WMT) by 0.8% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 62,085 shares of the retailer’s stock after selling 505 shares during the period. Walmart accounts for approximately 1.7% of Bridge Creek Capital Management LLC’s holdings, making the stock its 16th biggest position. Bridge Creek Capital Management LLC’s holdings in Walmart were worth $5,609,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Zions Bancorporation N.A. boosted its holdings in Walmart by 3.9% during the second quarter. Zions Bancorporation N.A. now owns 5,789 shares of the retailer’s stock worth $392,000 after buying an additional 215 shares in the last quarter. William Blair Investment Management LLC grew its holdings in shares of Walmart by 307.8% in the 2nd quarter. William Blair Investment Management LLC now owns 202,506 shares of the retailer’s stock worth $13,712,000 after acquiring an additional 152,845 shares during the last quarter. Envestnet Asset Management Inc. raised its position in shares of Walmart by 13.0% during the second quarter. Envestnet Asset Management Inc. now owns 6,345,129 shares of the retailer’s stock worth $429,629,000 after purchasing an additional 732,313 shares during the period. Inspire Advisors LLC boosted its position in shares of Walmart by 4.0% in the 2nd quarter. Inspire Advisors LLC now owns 6,540 shares of the retailer’s stock valued at $443,000 after purchasing an additional 249 shares during the period. Finally, Lyell Wealth Management LP increased its stake in Walmart by 1,177.0% in the 2nd quarter. Lyell Wealth Management LP now owns 74,156 shares of the retailer’s stock worth $5,021,000 after purchasing an additional 68,349 shares in the last quarter. Institutional investors and hedge funds own 26.76% of the company’s stock.

Insider Activity

In other news, CEO C Douglas Mcmillon sold 29,124 shares of the stock in a transaction on Thursday, October 24th. The stock was sold at an average price of $82.79, for a total transaction of $2,411,175.96. Following the sale, the chief executive officer now owns 3,843,929 shares in the company, valued at approximately $318,238,881.91. This represents a 0.75 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Daniel J. Bartlett sold 2,065 shares of Walmart stock in a transaction dated Tuesday, October 15th. The shares were sold at an average price of $80.69, for a total value of $166,624.85. Following the completion of the transaction, the executive vice president now directly owns 457,493 shares of the company’s stock, valued at $36,915,110.17. This represents a 0.45 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 140,412 shares of company stock worth $12,478,116. Corporate insiders own 45.58% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently commented on WMT. KeyCorp raised their target price on Walmart from $96.00 to $100.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 11th. Wells Fargo & Company increased their price target on shares of Walmart from $96.00 to $100.00 and gave the stock an “overweight” rating in a research report on Friday. Morgan Stanley lifted their target price on shares of Walmart from $89.00 to $100.00 and gave the company an “overweight” rating in a research note on Wednesday, November 20th. Jefferies Financial Group upped their price target on shares of Walmart from $105.00 to $111.00 and gave the stock a “buy” rating in a research note on Tuesday, December 17th. Finally, Evercore ISI lifted their price objective on Walmart from $94.00 to $96.00 and gave the company an “outperform” rating in a research report on Tuesday, December 3rd. Two analysts have rated the stock with a hold rating, twenty-nine have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $94.08.

Walmart Stock Performance

Shares of NYSE WMT traded down $1.46 during trading hours on Monday, reaching $91.54. The stock had a trading volume of 10,201,681 shares, compared to its average volume of 13,255,322. The company has a market cap of $735.38 billion, a price-to-earnings ratio of 37.57, a PEG ratio of 4.47 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’s fifty day moving average is $90.38 and its two-hundred day moving average is $80.63. Walmart Inc. has a twelve month low of $53.44 and a twelve month high of $96.18.

Walmart (NYSE:WMT) last released its quarterly earnings data on Tuesday, November 19th. The retailer reported $0.58 earnings per share for the quarter, beating 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 company had revenue of $169.59 billion for the quarter, compared to the consensus estimate of $167.69 billion. During the same period in the previous year, the business earned $0.51 earnings per share. The company’s quarterly revenue was up 5.5% on a year-over-year basis. As a group, research analysts expect that Walmart Inc. will post 2.47 EPS for the current year.

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.