Walmart Inc. (NYSE:WMT) Shares Sold by LJI Wealth Management LLC

LJI Wealth Management LLC lessened its holdings in Walmart Inc. (NYSE:WMT) by 5.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 6,732 shares of the retailer’s stock after selling 363 shares during the quarter. LJI Wealth Management LLC’s holdings in Walmart were worth $608,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of WMT. Legacy Financial Strategies LLC boosted its holdings in shares of Walmart by 101.9% in the 4th quarter. Legacy Financial Strategies LLC now owns 10,410 shares of the retailer’s stock valued at $937,000 after acquiring an additional 5,253 shares during the last quarter. Washburn Capital Management Inc. purchased a new stake in Walmart in the fourth quarter valued at $256,000. Compass Financial Services Inc acquired a new stake in Walmart during the 4th quarter worth about $234,000. Newbridge Financial Services Group Inc. raised its stake in shares of Walmart by 29.7% during the 4th quarter. Newbridge Financial Services Group Inc. now owns 40,233 shares of the retailer’s stock valued at $3,635,000 after buying an additional 9,203 shares during the last quarter. Finally, Kestra Private Wealth Services LLC lifted its holdings in shares of Walmart by 9.9% in the 4th quarter. Kestra Private Wealth Services LLC now owns 378,774 shares of the retailer’s stock valued at $34,222,000 after buying an additional 34,239 shares during the period. 26.76% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on WMT. JPMorgan Chase & Co. lifted their price target on Walmart from $97.00 to $112.00 and gave the company an “overweight” rating in a research report on Monday. Oppenheimer lifted their target price on shares of Walmart from $100.00 to $110.00 and gave the company an “outperform” rating in a report on Wednesday, February 5th. TD Cowen increased their price target on shares of Walmart from $90.00 to $100.00 and gave the stock a “buy” rating in a report on Wednesday, November 20th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $105.00 price objective on shares of Walmart in a report on Wednesday, January 15th. Finally, Morgan Stanley increased their target price on shares of Walmart from $100.00 to $106.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 21st. Two equities 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’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $96.95.

Insider Activity

In other news, EVP John R. Furner sold 13,125 shares of Walmart stock in a transaction on 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 directly owns 579,915 shares of the company’s stock, valued at approximately $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 SEC, which can be accessed through this hyperlink. Also, Director Robert Edward Jr. Moritz bought 5,446 shares of the firm’s stock in a transaction that occurred on Wednesday, November 27th. The shares were purchased at an average cost of $91.81 per share, for a total transaction of $499,997.26. Following the purchase, the director now owns 7,805 shares in the company, valued at $716,577.05. This represents a 230.86 % increase in their position. The disclosure for this purchase can be found here. In the last three months, insiders have sold 175,177 shares of company stock valued at $16,403,728. Company insiders own 45.58% of the company’s stock.

Walmart Price Performance

WMT stock opened at $102.77 on Tuesday. Walmart Inc. has a 52-week low of $55.85 and a 52-week high of $103.11. The company has a quick ratio of 0.23, a current ratio of 0.85 and a debt-to-equity ratio of 0.42. The stock has a market cap of $825.62 billion, a price-to-earnings ratio of 42.18, a price-to-earnings-growth ratio of 4.25 and a beta of 0.55. The business has a fifty day moving average of $94.07 and a two-hundred day moving average of $84.36.

Walmart (NYSE:WMT) last issued its quarterly earnings data on Tuesday, November 19th. The retailer reported $0.58 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $167.69 billion. During the same period last year, the company earned $0.51 EPS. The company’s quarterly revenue was up 5.5% on a year-over-year basis. As a group, research analysts anticipate that Walmart Inc. will post 2.48 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.