Walmart Inc. (NYSE:WMT) Position Lessened by David J Yvars Group

David J Yvars Group cut its position in shares of Walmart Inc. (NYSE:WMT) by 18.3% in the fourth quarter, Holdings Channel reports. The firm owned 6,628 shares of the retailer’s stock after selling 1,482 shares during the period. David J Yvars Group’s holdings in Walmart were worth $599,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in the company. Peterson Financial Group Inc. acquired a new position in Walmart during the third quarter worth $26,000. Voisard Asset Management Group Inc. boosted its stake in shares of Walmart by 77.3% during the 3rd quarter. Voisard Asset Management Group Inc. now owns 399 shares of the retailer’s stock worth $32,000 after acquiring an additional 174 shares in the last quarter. Hoese & Co LLP acquired a new position in shares of Walmart during the 3rd quarter valued at about $33,000. Livelsberger Financial Advisory bought a new position in shares of Walmart in the 3rd quarter valued at approximately $36,000. Finally, Hara Capital LLC acquired a new stake in Walmart in the 3rd quarter worth approximately $37,000. 26.76% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on WMT shares. StockNews.com lowered shares of Walmart from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, November 20th. Sanford C. Bernstein lifted their target price on shares of Walmart from $98.00 to $102.00 and gave the stock an “outperform” rating in a report on Wednesday, November 20th. Stifel Nicolaus upped their price target on shares of Walmart from $89.00 to $94.00 and gave the company a “hold” rating in a report on Tuesday, December 10th. Piper Sandler lifted their price objective on Walmart from $83.00 to $93.00 and gave the stock an “overweight” rating in a research note on Monday, November 18th. Finally, Tigress Financial increased their target price on Walmart from $86.00 to $115.00 and gave the company a “buy” rating in a research note on Friday, December 13th. Two analysts have rated the stock with a hold rating, twenty-nine have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Walmart has a consensus rating of “Moderate Buy” and a consensus target price of $94.08.

Insider Activity

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

Walmart Price Performance

Shares of Walmart stock opened at $90.79 on Wednesday. The stock has a market capitalization of $729.35 billion, a price-to-earnings ratio of 37.26, a P/E/G ratio of 4.47 and a beta of 0.55. The firm’s 50-day moving average price is $90.70 and its two-hundred day moving average price is $80.96. The company has a current ratio of 0.85, a quick ratio of 0.23 and a debt-to-equity ratio of 0.42. Walmart Inc. has a 1-year low of $53.44 and a 1-year high of $96.18.

Walmart (NYSE:WMT) last announced its earnings results on Tuesday, November 19th. The retailer reported $0.58 EPS for the quarter, topping 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 business 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 EPS. Walmart’s revenue was up 5.5% compared to the same quarter last year. On average, equities analysts predict that Walmart Inc. will post 2.47 earnings per share for the current fiscal 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.