Bartlett & CO. Wealth Management LLC Has $37.33 Million Holdings in Walmart Inc. (NYSE:WMT)

Bartlett & CO. Wealth Management LLC trimmed its position in shares of Walmart Inc. (NYSE:WMT) by 0.3% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 412,247 shares of the retailer’s stock after selling 1,395 shares during the period. Bartlett & CO. Wealth Management LLC’s holdings in Walmart were worth $37,332,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Peterson Financial Group Inc. acquired a new stake in shares of Walmart during the 3rd quarter worth approximately $26,000. Voisard Asset Management Group Inc. lifted its stake in Walmart by 77.3% during the third quarter. Voisard Asset Management Group Inc. now owns 399 shares of the retailer’s stock worth $32,000 after purchasing an additional 174 shares during the last quarter. Decker Retirement Planning Inc. acquired a new stake in shares of Walmart in the 4th quarter valued at $32,000. Hoese & Co LLP acquired a new stake in shares of Walmart in the 3rd quarter valued at $33,000. Finally, Livelsberger Financial Advisory acquired a new position in shares of Walmart during the 3rd quarter worth $36,000. 26.76% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms recently weighed in on WMT. DZ Bank lowered Walmart from a “buy” rating to a “hold” rating and set a $91.00 price objective on the stock. in a research note on Thursday, November 21st. TD Cowen increased their target price on shares of Walmart from $90.00 to $100.00 and gave the stock a “buy” rating in a report on Wednesday, November 20th. Jefferies Financial Group lifted their price target on shares of Walmart from $105.00 to $111.00 and gave the company a “buy” rating in a report on Tuesday, December 17th. Guggenheim increased their price objective on shares of Walmart from $90.00 to $100.00 and gave the company a “buy” rating in a research note on Wednesday, November 20th. Finally, KeyCorp raised their target price on shares of Walmart from $96.00 to $100.00 and gave the company an “overweight” rating in a research report on Wednesday, December 11th. Two investment analysts have rated the stock with a hold rating, twenty-nine have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Walmart presently has an average rating of “Moderate Buy” and an average target price of $94.69.

Insider Activity

In other Walmart news, CEO C Douglas Mcmillon sold 29,124 shares of Walmart stock in a transaction on Wednesday, November 27th. The shares were sold at an average price of $91.44, for a total value of $2,663,098.56. Following the completion of the sale, the chief executive officer now directly owns 3,814,805 shares of the company’s stock, valued at approximately $348,825,769.20. The trade was a 0.76 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Daniel J. Bartlett sold 1,830 shares of the stock in a transaction dated Wednesday, January 15th. The stock was sold at an average price of $91.07, for a total transaction of $166,658.10. Following the transaction, the executive vice president now directly owns 460,705 shares in the company, valued at $41,956,404.35. This trade represents a 0.40 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 97,928 shares of company stock worth $8,978,123 in the last quarter. 45.58% of the stock is owned by corporate insiders.

Walmart Stock Performance

Shares of WMT opened at $93.75 on Friday. The company has a current ratio of 0.85, a quick ratio of 0.23 and a debt-to-equity ratio of 0.42. The firm’s fifty day simple moving average is $91.62 and its two-hundred day simple moving average is $81.87. Walmart Inc. has a 12 month low of $53.44 and a 12 month high of $96.18. The stock has a market capitalization of $753.12 billion, a P/E ratio of 38.47, a price-to-earnings-growth ratio of 4.42 and a beta of 0.55.

Walmart (NYSE:WMT) last announced its 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. The company had revenue of $169.59 billion for the quarter, compared to analyst estimates of $167.69 billion. Walmart had a return on equity of 21.78% and a net margin of 2.92%. The firm’s revenue for the quarter was up 5.5% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.51 EPS. As a group, analysts predict that Walmart Inc. will post 2.48 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.