Carr Financial Group Corp Has $993,000 Stock Position in Walmart Inc. (NYSE:WMT)

Carr Financial Group Corp cut its stake in shares of Walmart Inc. (NYSE:WMT) by 11.0% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 10,996 shares of the retailer’s stock after selling 1,360 shares during the period. Carr Financial Group Corp’s holdings in Walmart were worth $993,000 as of its most recent filing with the SEC.

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

Insider Activity at Walmart

In other Walmart news, CEO C Douglas Mcmillon sold 29,124 shares of the firm’s stock in a transaction that occurred 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 sale, the chief executive officer now owns 3,814,805 shares in the company, valued at $348,825,769.20. This trade represents a 0.76 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, EVP Daniel J. Bartlett sold 1,830 shares of the company’s stock in a transaction on 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 owns 460,705 shares of the company’s stock, valued at $41,956,404.35. This trade represents a 0.40 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 140,177 shares of company stock valued at $12,895,688. 45.58% of the stock is owned by insiders.

Walmart Stock Up 1.1 %

NYSE WMT opened at $94.84 on Friday. Walmart Inc. has a fifty-two week low of $53.47 and a fifty-two week high of $96.18. The business has a fifty day moving average price of $92.02 and a two-hundred day moving average price of $82.13. 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 stock has a market capitalization of $761.90 billion, a PE ratio of 38.92, a PEG ratio of 4.42 and a beta of 0.55.

Walmart (NYSE:WMT) last announced its quarterly earnings data on Tuesday, November 19th. The retailer reported $0.58 earnings per share 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 during the quarter, compared to the consensus estimate of $167.69 billion. During the same period in the prior year, the company earned $0.51 EPS. Walmart’s revenue for the quarter was up 5.5% on a year-over-year basis. Equities analysts expect that Walmart Inc. will post 2.48 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

WMT has been the subject of a number of research analyst reports. Bank of America lifted their price target on Walmart from $95.00 to $105.00 and gave the stock a “buy” rating in a report on Wednesday, November 20th. KeyCorp lifted their target price on Walmart from $96.00 to $100.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 11th. Wells Fargo & Company raised their price target on Walmart from $96.00 to $100.00 and gave the company an “overweight” rating in a report on Friday, January 10th. Piper Sandler upped their price objective on shares of Walmart from $83.00 to $93.00 and gave the company an “overweight” rating in a report on Monday, November 18th. Finally, UBS Group increased their price objective on shares of Walmart from $92.00 to $100.00 and gave the company a “buy” rating in a research report on Wednesday, November 20th. Two investment 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 stock. Based on data from MarketBeat, Walmart has a consensus rating of “Moderate Buy” and an average price target of $94.69.

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.