Bright Futures Wealth Management LLC. Reduces Stake in Walmart Inc. (NYSE:WMT)

Bright Futures Wealth Management LLC. reduced its stake in Walmart Inc. (NYSE:WMT) by 10.7% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 9,207 shares of the retailer’s stock after selling 1,099 shares during the quarter. Bright Futures Wealth Management LLC.’s holdings in Walmart were worth $898,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Fiduciary Advisors Inc. bought a new stake in Walmart during the fourth quarter valued at about $27,000. Peterson Financial Group Inc. purchased a new position in Walmart in the third quarter worth about $26,000. Decker Retirement Planning Inc. purchased a new position in Walmart in the fourth quarter worth about $32,000. Voisard Asset Management Group Inc. grew its position in Walmart by 77.3% in the third quarter. Voisard Asset Management Group Inc. now owns 399 shares of the retailer’s stock worth $32,000 after acquiring an additional 174 shares in the last quarter. Finally, Livelsberger Financial Advisory purchased a new position in shares of Walmart during the third quarter valued at approximately $36,000. 26.76% of the stock is owned by institutional investors.

Walmart Stock Down 1.0 %

WMT opened at $104.04 on Friday. Walmart Inc. has a twelve month low of $55.99 and a twelve month high of $105.30. 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 company has a 50-day moving average price of $94.83 and a 200 day moving average price of $85.09. The company has a market cap of $835.78 billion, a PE ratio of 42.70, a price-to-earnings-growth ratio of 4.25 and a beta of 0.55.

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

Insider Transactions at Walmart

In other news, CEO C Douglas Mcmillon sold 29,124 shares of the firm’s stock in a transaction that occurred 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 completion of the sale, the chief executive officer now owns 3,814,805 shares in the company, valued at $348,825,769.20. This trade represents a 0.76 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Robert Edward Jr. Moritz acquired 5,446 shares of the stock in a transaction that occurred 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 transaction, the director now directly owns 7,805 shares in the company, valued at $716,577.05. This trade represents a 230.86 % increase in their position. The disclosure for this purchase can be found here. Insiders sold 175,177 shares of company stock worth $16,403,728 in the last 90 days. Insiders own 45.58% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on WMT shares. Evercore ISI boosted their target price on Walmart from $94.00 to $96.00 and gave the company an “outperform” rating in a research report on Tuesday, December 3rd. Royal Bank of Canada reissued an “outperform” rating and issued a $105.00 price objective on shares of Walmart in a research note on Wednesday, January 15th. UBS Group upped their price target on Walmart from $100.00 to $113.00 and gave the stock a “buy” rating in a research report on Friday, January 31st. Piper Sandler upped their price target on Walmart from $83.00 to $93.00 and gave the stock an “overweight” rating in a research report on Monday, November 18th. Finally, Bank of America boosted their price objective on shares of Walmart from $95.00 to $105.00 and gave the company a “buy” rating in a report on Wednesday, November 20th. Two research analysts have rated the stock with a hold rating, twenty-nine have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $99.17.

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.