Walmart Inc. (NYSE:WMT) Shares Sold by Traphagen Investment Advisors LLC

Traphagen Investment Advisors LLC decreased its stake in shares of Walmart Inc. (NYSE:WMT) by 2.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 13,628 shares of the retailer’s stock after selling 296 shares during the quarter. Traphagen Investment Advisors LLC’s holdings in Walmart were worth $1,231,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in WMT. Royal Capital Wealth Management LLC raised its holdings in shares of Walmart by 23.5% during the second quarter. Royal Capital Wealth Management LLC now owns 10,547 shares of the retailer’s stock worth $714,000 after purchasing an additional 2,005 shares during the last quarter. Zurich Insurance Group Ltd FI raised its stake in shares of Walmart by 41.3% during the 2nd quarter. Zurich Insurance Group Ltd FI now owns 2,177,305 shares of the retailer’s stock valued at $147,425,000 after buying an additional 636,475 shares during the last quarter. Toronto Dominion Bank lifted its holdings in shares of Walmart by 36.6% in the 2nd quarter. Toronto Dominion Bank now owns 2,266,288 shares of the retailer’s stock valued at $153,450,000 after buying an additional 606,784 shares during the period. Point72 Hong Kong Ltd boosted its stake in shares of Walmart by 112.3% in the second quarter. Point72 Hong Kong Ltd now owns 49,863 shares of the retailer’s stock worth $3,376,000 after buying an additional 26,379 shares during the last quarter. Finally, Blankinship & Foster LLC acquired a new stake in Walmart during the second quarter worth about $216,000. Hedge funds and other institutional investors own 26.76% of the company’s stock.

Insider Activity

In other Walmart news, EVP John D. Rainey sold 3,000 shares of the company’s stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $82.12, for a total value of $246,360.00. Following the transaction, the executive vice president now owns 378,165 shares of the company’s stock, valued at $31,054,909.80. This represents a 0.79 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Robert Edward Jr. Moritz bought 5,446 shares of the stock in a transaction on Wednesday, November 27th. The shares were bought at an average cost of $91.81 per share, with a total value of $499,997.26. Following the purchase, the director now owns 7,805 shares of the company’s stock, valued at $716,577.05. This trade represents a 230.86 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have sold a total of 97,928 shares of company stock valued at $8,978,123 in the last quarter. Insiders own 45.58% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on WMT shares. Barclays upped their price objective on Walmart from $90.00 to $98.00 and gave the stock an “overweight” rating in a research report on Thursday, January 9th. UBS Group raised their price target 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. Oppenheimer upped their price objective on shares of Walmart from $81.00 to $90.00 and gave the stock an “outperform” rating in a research report on Monday, October 14th. BMO Capital Markets raised their target price on Walmart from $80.00 to $100.00 and gave the company an “outperform” rating in a research report on Monday, November 18th. Finally, Citigroup upped their price target on Walmart from $75.00 to $98.00 and gave the stock a “buy” rating in a report on Friday, September 27th. Two 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 company. According to MarketBeat, Walmart presently has an average rating of “Moderate Buy” and an average target price of $94.69.

Walmart Price Performance

Walmart stock opened at $93.26 on Thursday. 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 company has a 50-day moving average price of $91.47 and a 200 day moving average price of $81.79. Walmart Inc. has a 12-month low of $53.44 and a 12-month high of $96.18. The stock has a market cap of $749.19 billion, a P/E ratio of 38.27, a PEG ratio of 4.42 and a beta of 0.55.

Walmart (NYSE:WMT) last released 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 firm had revenue of $169.59 billion for the quarter, compared to analyst estimates of $167.69 billion. Walmart had a net margin of 2.92% and a return on equity of 21.78%. The business’s revenue for the quarter was up 5.5% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.51 EPS. Sell-side analysts anticipate that Walmart Inc. will post 2.47 earnings per share for the current 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.