Deane Retirement Strategies Inc. Has $1.45 Million Holdings in Walmart Inc (NYSE:WMT)

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Deane Retirement Strategies Inc. lowered its position in shares of Walmart Inc (NYSE:WMT) by 51.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 12,236 shares of the retailer’s stock after selling 12,742 shares during the quarter. Deane Retirement Strategies Inc.’s holdings in Walmart were worth $1,454,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Corbenic Partners LLC acquired a new stake in shares of Walmart during the fourth quarter valued at approximately $27,000. Shine Investment Advisory Services Inc. raised its holdings in shares of Walmart by 181.7% during the third quarter. Shine Investment Advisory Services Inc. now owns 307 shares of the retailer’s stock valued at $36,000 after acquiring an additional 198 shares during the period. Knuff & Co LLC acquired a new stake in shares of Walmart during the third quarter valued at approximately $36,000. Princeton Global Asset Management LLC acquired a new stake in shares of Walmart during the second quarter valued at approximately $43,000. Finally, Massey Quick Simon & CO. LLC raised its holdings in shares of Walmart by 232.7% during the third quarter. Massey Quick Simon & CO. LLC now owns 366 shares of the retailer’s stock valued at $43,000 after acquiring an additional 256 shares during the period. Institutional investors and hedge funds own 30.37% of the company’s stock.

WMT stock opened at $115.28 on Thursday. The company has a quick ratio of 0.20, a current ratio of 0.81 and a debt-to-equity ratio of 0.83. The company has a market capitalization of $330.19 billion, a price-to-earnings ratio of 23.48, a P/E/G ratio of 4.71 and a beta of 0.35. Walmart Inc has a 12 month low of $93.11 and a 12 month high of $125.38. The firm has a 50 day moving average of $118.81 and a two-hundred day moving average of $116.21.

Walmart (NYSE:WMT) last posted its earnings results on Thursday, November 14th. The retailer reported $1.16 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.09 by $0.07. The company had revenue of $126.98 billion during the quarter, compared to the consensus estimate of $128.08 billion. Walmart had a net margin of 2.77% and a return on equity of 18.47%. The company’s revenue for the quarter was up 2.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.08 earnings per share. On average, research analysts expect that Walmart Inc will post 4.98 EPS for the current fiscal year.

Several research analysts have weighed in on the stock. Credit Suisse Group reiterated a “neutral” rating and issued a $115.00 price objective (up previously from $105.00) on shares of Walmart in a research note on Friday, November 15th. BMO Capital Markets upped their price objective on shares of Walmart from $125.00 to $140.00 and gave the company an “outperform” rating in a research note on Friday, November 15th. They noted that the move was a valuation call. Nomura assumed coverage on shares of Walmart in a research note on Friday, November 8th. They issued a “buy” rating and a $132.00 price objective on the stock. ValuEngine lowered shares of Walmart from a “buy” rating to a “hold” rating in a research note on Wednesday, October 2nd. Finally, KeyCorp reiterated an “overweight” rating and issued a $138.00 price objective (up previously from $128.00) on shares of Walmart in a research note on Friday, November 15th. One analyst has rated the stock with a sell rating, twelve have given a hold rating and seventeen have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $124.22.

In related news, EVP Judith J. Mckenna sold 8,300 shares of the company’s stock in a transaction on Friday, November 15th. The shares were sold at an average price of $119.21, for a total transaction of $989,443.00. Following the completion of the sale, the executive vice president now directly owns 216,811 shares of the company’s stock, valued at approximately $25,846,039.31. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Marc E. Lore sold 85,000 shares of the company’s stock in a transaction on Tuesday, January 14th. The stock was sold at an average price of $115.91, for a total transaction of $9,852,350.00. Following the sale, the executive vice president now directly owns 2,783,450 shares of the company’s stock, valued at $322,629,689.50. The disclosure for this sale can be found here. Insiders sold 178,300 shares of company stock valued at $21,090,243 over the last three months. Insiders own 50.22% of the company’s stock.

Walmart Company Profile

Walmart Inc engages in the retail and wholesale operations in various formats 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, discount stores, drugstores, and convenience stores; membership-only warehouse clubs; e-commerce Websites, such as walmart.com, jet.com, shoes.com, and samsclub.com; and mobile commerce applications.

Further Reading: Growth Stocks

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Institutional Ownership by Quarter for Walmart (NYSE:WMT)

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