Courier Capital LLC Sells 12,796 Shares of Walmart Inc. (NYSE:WMT)

Courier Capital LLC reduced its position in shares of Walmart Inc. (NYSE:WMT) by 14.2% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 77,607 shares of the retailer’s stock after selling 12,796 shares during the quarter. Courier Capital LLC’s holdings in Walmart were worth $7,012,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in WMT. Pallas Capital Advisors LLC grew its position in shares of Walmart by 20.2% during the 4th quarter. Pallas Capital Advisors LLC now owns 13,705 shares of the retailer’s stock worth $1,238,000 after buying an additional 2,302 shares during the period. Miracle Mile Advisors LLC grew its holdings in Walmart by 354.8% during the 4th quarter. Miracle Mile Advisors LLC now owns 198,387 shares of the retailer’s stock worth $17,924,000 after acquiring an additional 154,770 shares during the period. Sunflower Bank N.A. grew its holdings in Walmart by 11.8% during the 4th quarter. Sunflower Bank N.A. now owns 7,906 shares of the retailer’s stock worth $714,000 after acquiring an additional 837 shares during the period. Bar Harbor Wealth Management raised its position in shares of Walmart by 1.6% during the 4th quarter. Bar Harbor Wealth Management now owns 168,682 shares of the retailer’s stock valued at $15,240,000 after acquiring an additional 2,685 shares during the last quarter. Finally, Consilio Wealth Advisors LLC lifted its stake in shares of Walmart by 3.4% in the 4th quarter. Consilio Wealth Advisors LLC now owns 4,656 shares of the retailer’s stock valued at $421,000 after purchasing an additional 151 shares during the period. 26.76% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts recently commented on WMT shares. Citigroup upped their price objective on Walmart from $75.00 to $98.00 and gave the company a “buy” rating in a report on Friday, September 27th. Barclays increased their price target on shares of Walmart from $90.00 to $98.00 and gave the company an “overweight” rating in a research report on Thursday, January 9th. Jefferies Financial Group boosted their price objective on shares of Walmart from $105.00 to $111.00 and gave the company a “buy” rating in a report on Tuesday, December 17th. Robert W. Baird increased their target price on shares of Walmart from $90.00 to $100.00 and gave the stock an “outperform” rating in a report on Wednesday, November 20th. Finally, Telsey Advisory Group boosted their price target on shares of Walmart from $92.00 to $100.00 and gave the company an “outperform” rating in a report on Tuesday, November 19th. Two research analysts have rated the stock with a hold rating, twenty-nine have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $94.08.

Insider Buying and Selling at Walmart

In other Walmart news, EVP John R. Furner sold 13,125 shares of the stock in a transaction dated Thursday, October 24th. The shares were sold at an average price of $82.96, for a total value of $1,088,850.00. Following the transaction, the executive vice president now directly owns 593,040 shares of the company’s stock, valued at $49,198,598.40. This represents a 2.17 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO C Douglas Mcmillon sold 29,124 shares of the business’s stock in a transaction that occurred on Thursday, October 24th. The stock was sold at an average price of $82.79, for a total value of $2,411,175.96. Following the sale, the chief executive officer now owns 3,843,929 shares of the company’s stock, valued at approximately $318,238,881.91. This represents a 0.75 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 138,347 shares of company stock valued at $12,311,491 in the last quarter. 45.58% of the stock is currently owned by insiders.

Walmart Stock Performance

Shares of WMT opened at $91.39 on Tuesday. 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 firm has a 50-day moving average of $90.56 and a 200-day moving average of $80.80. The company has a market cap of $734.17 billion, a PE ratio of 37.51, a price-to-earnings-growth ratio of 4.47 and a beta of 0.55. Walmart Inc. has a one year low of $53.44 and a one year 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 (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 firm had revenue of $169.59 billion for the quarter, compared to analyst estimates of $167.69 billion. During the same quarter in the prior year, the company earned $0.51 earnings per share. The business’s revenue for the quarter was up 5.5% compared to the same quarter last year. As a group, equities analysts forecast that Walmart Inc. will post 2.47 earnings per share 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.