Coerente Capital Management Cuts Stock Holdings in Walmart Inc. (NYSE:WMT)

Coerente Capital Management cut its stake in shares of Walmart Inc. (NYSE:WMT) by 8.1% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 10,200 shares of the retailer’s stock after selling 900 shares during the period. Walmart accounts for approximately 0.2% of Coerente Capital Management’s holdings, making the stock its 28th biggest holding. Coerente Capital Management’s holdings in Walmart were worth $922,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. Peterson Financial Group Inc. acquired a new stake in Walmart during the third quarter worth about $26,000. Fiduciary Advisors Inc. acquired a new stake in Walmart during the 4th quarter worth approximately $27,000. Voisard Asset Management Group Inc. lifted its position in Walmart by 77.3% during the third quarter. Voisard Asset Management Group Inc. now owns 399 shares of the retailer’s stock valued at $32,000 after buying an additional 174 shares in the last quarter. Decker Retirement Planning Inc. purchased a new stake in Walmart during the fourth quarter worth approximately $32,000. Finally, Hoese & Co LLP acquired a new stake in shares of Walmart in the third quarter worth $33,000. 26.76% of the stock is currently owned by institutional investors and hedge funds.

Walmart Stock Performance

Shares of WMT opened at $97.97 on Monday. The stock has a market capitalization of $787.00 billion, a P/E ratio of 40.20, a P/E/G ratio of 4.46 and a beta of 0.55. Walmart Inc. has a 12-month low of $55.04 and a 12-month high of $99.00. The firm’s 50 day moving average is $93.07 and its 200-day moving average is $83.19. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.85 and a quick ratio of 0.23.

Walmart (NYSE:WMT) last posted its quarterly earnings data on Tuesday, November 19th. The retailer reported $0.58 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.53 by $0.05. Walmart had a return on equity of 21.78% and a net margin of 2.92%. The firm had revenue of $169.59 billion for the quarter, compared to the consensus estimate of $167.69 billion. During the same quarter in the previous year, the company earned $0.51 EPS. The business’s revenue for the quarter was up 5.5% compared to the same quarter last year. Equities research analysts anticipate that Walmart Inc. will post 2.48 EPS for the current fiscal year.

Insider Buying and Selling at Walmart

In other news, CEO C Douglas Mcmillon sold 29,124 shares of the business’s stock in a transaction on Wednesday, November 27th. The shares were sold at an average price of $91.44, for a total transaction of $2,663,098.56. Following the transaction, the chief executive officer now directly owns 3,814,805 shares in the company, valued at $348,825,769.20. The trade was a 0.76 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Robert Edward Jr. Moritz purchased 5,446 shares of the company’s stock in a transaction dated Wednesday, November 27th. The stock was bought at an average cost of $91.81 per share, for a total transaction of $499,997.26. Following the completion of the purchase, the director now directly owns 7,805 shares of the company’s stock, valued at $716,577.05. The trade was a 230.86 % increase in their position. The disclosure for this purchase can be found here. Insiders have sold a total of 137,177 shares of company stock valued at $12,649,328 in the last three months. 45.58% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the stock. Royal Bank of Canada restated an “outperform” rating and set a $105.00 target price on shares of Walmart in a report on Wednesday, January 15th. Guggenheim increased their target price on Walmart from $90.00 to $100.00 and gave the company a “buy” rating in a research note on Wednesday, November 20th. Oppenheimer increased their price objective on shares of Walmart from $81.00 to $90.00 and gave the company an “outperform” rating in a research report on Monday, October 14th. StockNews.com cut shares of Walmart from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, November 20th. Finally, Sanford C. Bernstein increased their price objective on shares of Walmart from $98.00 to $102.00 and gave the company an “outperform” rating in a research note on Wednesday, November 20th. 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 stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $95.11.

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.