Walmart Inc. (NYSE:WMT) Shares Sold by Daymark Wealth Partners LLC

Daymark Wealth Partners LLC trimmed its holdings in shares of Walmart Inc. (NYSE:WMT) by 2.6% during the fourth quarter, Holdings Channel reports. The firm owned 145,787 shares of the retailer’s stock after selling 3,872 shares during the quarter. Daymark Wealth Partners LLC’s holdings in Walmart were worth $13,172,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. Peterson Financial Group Inc. acquired a new stake in Walmart during the third quarter worth about $26,000. Decker Retirement Planning Inc. acquired a new stake in shares of Walmart during the 4th quarter worth approximately $32,000. Voisard Asset Management Group Inc. lifted its holdings in shares of Walmart by 77.3% in 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 Walmart during the 3rd quarter valued at approximately $33,000. Finally, Livelsberger Financial Advisory bought a new position in Walmart during the 3rd quarter worth $36,000. 26.76% of the stock is currently owned by institutional investors.

Insider Transactions at Walmart

In other Walmart news, EVP John R. Furner sold 13,125 shares of the business’s stock in a transaction dated Wednesday, November 27th. The stock was sold at an average price of $92.00, for a total value of $1,207,500.00. Following the completion of the sale, the executive vice president now owns 579,915 shares of the company’s stock, valued at $53,352,180. The trade was a 2.21 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Robert Edward Jr. Moritz bought 5,446 shares of Walmart stock in a transaction that occurred on Wednesday, November 27th. The stock was bought at an average price of $91.81 per share, with a total value of $499,997.26. Following the completion of the acquisition, the director now owns 7,805 shares in the company, valued at approximately $716,577.05. The trade was a 230.86 % increase in their position. The disclosure for this purchase can be found here. Insiders sold 97,928 shares of company stock valued at $8,978,123 over the last three months. 45.58% of the stock is owned by corporate insiders.

Walmart Trading Up 0.6 %

Walmart stock opened at $93.75 on Friday. The company has a 50 day moving average price of $91.62 and a 200 day moving average price of $81.87. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.23 and a current ratio of 0.85. Walmart Inc. has a 52 week low of $53.44 and a 52 week high of $96.18. The firm has a market capitalization of $753.12 billion, a price-to-earnings ratio of 38.47, a P/E/G ratio of 4.42 and a beta of 0.55.

Walmart (NYSE:WMT) last issued its quarterly earnings results on Tuesday, November 19th. The retailer reported $0.58 earnings per share for the quarter, beating analysts’ consensus estimates of $0.53 by $0.05. The business had revenue of $169.59 billion for the quarter, compared to the consensus estimate of $167.69 billion. Walmart had a return on equity of 21.78% and a net margin of 2.92%. Walmart’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 posted $0.51 earnings per share. Research analysts forecast that Walmart Inc. will post 2.47 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on WMT shares. Royal Bank of Canada reiterated an “outperform” rating and issued a $105.00 target price on shares of Walmart in a research note on Wednesday, January 15th. Citigroup lifted their price objective on shares of Walmart from $75.00 to $98.00 and gave the company a “buy” rating in a research report on Friday, September 27th. Wells Fargo & Company raised their price target on shares of Walmart from $96.00 to $100.00 and gave the company an “overweight” rating in a research note on Friday, January 10th. Oppenheimer boosted their price objective on Walmart from $81.00 to $90.00 and gave the stock an “outperform” rating in a research report on Monday, October 14th. Finally, Bank of America raised their target price on Walmart from $95.00 to $105.00 and gave the company a “buy” rating in a research report on Wednesday, November 20th. Two research 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 company. According to MarketBeat, the company currently has an average 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.