Thrive Wealth Management LLC Sells 155 Shares of Walmart Inc. (NYSE:WMT)

Thrive Wealth Management LLC trimmed its stake in Walmart Inc. (NYSE:WMT) by 2.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 6,641 shares of the retailer’s stock after selling 155 shares during the period. Thrive Wealth Management LLC’s holdings in Walmart were worth $600,000 at the end of the most recent reporting period.

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

Insider Activity at Walmart

In other Walmart 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 transaction of $1,215,375.00. Following the sale, the executive vice president now owns 566,794 shares in the company, valued at $52,485,124.40. This represents a 2.26 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Daniel J. Bartlett sold 1,830 shares of the firm’s stock in a transaction on Wednesday, January 15th. The stock was sold at an average price of $91.07, for a total value of $166,658.10. Following the completion of the transaction, the executive vice president now directly owns 460,705 shares of the company’s stock, valued at $41,956,404.35. The trade was 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 worth $12,478,149. Company insiders own 45.58% of the company’s stock.

Walmart Stock Up 0.8 %

Walmart stock opened at $92.02 on Tuesday. The firm has a 50 day moving average price of $91.15 and a 200-day moving average price of $81.46. The company has a quick ratio of 0.23, a current ratio of 0.85 and a debt-to-equity ratio of 0.42. Walmart Inc. has a twelve month low of $53.44 and a twelve month high of $96.18. The company has a market capitalization of $739.19 billion, a P/E ratio of 37.76, a P/E/G ratio of 4.41 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, beating the consensus estimate of $0.53 by $0.05. The business had revenue of $169.59 billion during 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%. Walmart’s revenue was up 5.5% compared to the same quarter last year. During the same period in the prior year, the company earned $0.51 earnings per share. As a group, equities analysts predict that Walmart Inc. will post 2.47 EPS for the current year.

Analyst Ratings Changes

Several research firms recently issued reports on WMT. Bank of America boosted their target price on shares of Walmart from $95.00 to $105.00 and gave the company a “buy” rating in a report on Wednesday, November 20th. Tigress Financial upped their target price on Walmart from $86.00 to $115.00 and gave the company a “buy” rating in a research report on Friday, December 13th. Guggenheim lifted their target price on Walmart from $90.00 to $100.00 and gave the stock a “buy” rating in a report on Wednesday, November 20th. Sanford C. Bernstein increased their price target on Walmart from $98.00 to $102.00 and gave the stock an “outperform” rating in a report on Wednesday, November 20th. Finally, Jefferies Financial Group lifted their price objective on shares of Walmart from $105.00 to $111.00 and gave the company a “buy” rating in a research note on Tuesday, December 17th. Two research analysts have rated the stock with a hold rating, twenty-nine have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $94.49.

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.