ORG Wealth Partners LLC Cuts Position in Walmart Inc. (NYSE:WMT)

ORG Wealth Partners LLC cut its holdings in Walmart Inc. (NYSE:WMT) by 6.9% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 13,293 shares of the retailer’s stock after selling 987 shares during the quarter. Walmart accounts for approximately 0.4% of ORG Wealth Partners LLC’s investment portfolio, making the stock its 21st largest position. ORG Wealth Partners LLC’s holdings in Walmart were worth $1,201,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the business. Peterson Financial Group Inc. purchased a new position in shares of Walmart during the third quarter worth approximately $26,000. Voisard Asset Management Group Inc. grew its position 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 buying an additional 174 shares in the last quarter. Hoese & Co LLP purchased a new position in shares of Walmart during the third quarter valued at $33,000. Livelsberger Financial Advisory bought a new stake in shares of Walmart in the third quarter valued at about $36,000. Finally, Hara Capital LLC purchased a new stake in Walmart in the third quarter worth about $37,000. Hedge funds and other institutional investors own 26.76% of the company’s stock.

Insiders Place Their Bets

In other news, EVP John R. Furner sold 13,125 shares of the stock in a transaction on Thursday, December 26th. The stock was sold at an average price of $92.60, for a total value of $1,215,375.00. Following the sale, the executive vice president now directly owns 566,794 shares in the company, valued at approximately $52,485,124.40. This trade represents a 2.26 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO C Douglas Mcmillon sold 29,124 shares of the business’s stock in a transaction 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 transaction, the chief executive officer now directly owns 3,843,929 shares of the company’s stock, valued at $318,238,881.91. The trade was a 0.75 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 140,412 shares of company stock worth $12,478,116 over the last three months. Company insiders own 45.58% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on WMT shares. 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. BMO Capital Markets boosted their price target on Walmart from $80.00 to $100.00 and gave the stock an “outperform” rating in a research report on Monday, November 18th. Melius Research started coverage on Walmart in a research report on Monday, September 23rd. They set a “buy” rating and a $95.00 price objective on the stock. UBS Group boosted their target price on shares of Walmart from $92.00 to $100.00 and gave the stock a “buy” rating in a report on Wednesday, November 20th. Finally, Guggenheim lifted their price objective on shares of Walmart from $90.00 to $100.00 and gave the stock a “buy” rating in a research report on Wednesday, November 20th. Two analysts have rated the stock with a hold rating, twenty-nine have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $94.08.

Walmart Trading Up 1.0 %

WMT traded up $0.93 during trading hours on Friday, reaching $92.73. The company’s stock had a trading volume of 7,241,488 shares, compared to its average volume of 11,948,687. The stock has a market cap of $744.94 billion, a PE ratio of 38.06, a P/E/G ratio of 4.47 and a beta of 0.55. Walmart Inc. has a fifty-two week low of $53.39 and a fifty-two week high of $96.18. 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 business’s 50-day moving average is $90.16 and its 200-day moving average is $80.29.

Walmart (NYSE:WMT) last announced its quarterly 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 business 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 company’s quarterly revenue was up 5.5% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.51 EPS. As a group, equities research analysts predict that Walmart Inc. will post 2.47 earnings per share for the current fiscal year.

About Walmart

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.