Good Life Advisors LLC Sells 1,376 Shares of Walmart Inc. (NYSE:WMT)

Good Life Advisors LLC lowered its stake in shares of Walmart Inc. (NYSE:WMT) by 2.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 59,782 shares of the retailer’s stock after selling 1,376 shares during the period. Good Life Advisors LLC’s holdings in Walmart were worth $5,401,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of the stock. SC&H Financial Advisors Inc. boosted its stake in shares of Walmart by 1.0% in the 4th quarter. SC&H Financial Advisors Inc. now owns 10,232 shares of the retailer’s stock worth $924,000 after buying an additional 103 shares during the last quarter. Scarborough Advisors LLC boosted its position in Walmart by 2.0% in the fourth quarter. Scarborough Advisors LLC now owns 5,584 shares of the retailer’s stock worth $505,000 after purchasing an additional 109 shares during the last quarter. Dakota Community Bank & Trust NA boosted its position in Walmart by 4.0% in the fourth quarter. Dakota Community Bank & Trust NA now owns 2,879 shares of the retailer’s stock worth $260,000 after purchasing an additional 110 shares during the last quarter. Rooted Wealth Advisors Inc. grew its stake in shares of Walmart by 2.6% during the 4th quarter. Rooted Wealth Advisors Inc. now owns 4,344 shares of the retailer’s stock valued at $394,000 after purchasing an additional 110 shares during the period. Finally, Hobart Private Capital LLC lifted its stake in shares of Walmart by 1.6% in the 4th quarter. Hobart Private Capital LLC now owns 6,926 shares of the retailer’s stock worth $626,000 after purchasing an additional 111 shares during the period. Institutional investors own 26.76% of the company’s stock.

Walmart Stock Up 0.1 %

Shares of WMT opened at $103.90 on Thursday. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.85 and a quick ratio of 0.23. The stock has a market capitalization of $834.69 billion, a price-to-earnings ratio of 42.64, a price-to-earnings-growth ratio of 4.39 and a beta of 0.55. Walmart Inc. has a 1 year low of $57.60 and a 1 year high of $105.30. The business’s 50 day simple moving average is $95.56 and its 200-day simple moving average is $86.17.

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

Insider Activity

In related news, Director Robert Edward Jr. Moritz purchased 5,446 shares of the firm’s stock in a transaction that occurred on Wednesday, November 27th. The shares were bought at an average price of $91.81 per share, for a total transaction of $499,997.26. Following the acquisition, the director now owns 7,805 shares of the company’s stock, valued at approximately $716,577.05. This represents a 230.86 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO C Douglas Mcmillon sold 29,124 shares of Walmart stock in a transaction on Wednesday, November 27th. The stock was 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 of the company’s stock, valued at $348,825,769.20. The trade was a 0.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 175,177 shares of company stock worth $16,403,728. 45.58% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the stock. Guggenheim boosted their target price on shares of Walmart from $90.00 to $100.00 and gave the company a “buy” rating in a research report on Wednesday, November 20th. BMO Capital Markets upped their price objective on Walmart from $80.00 to $100.00 and gave the stock an “outperform” rating in a research note on Monday, November 18th. Bank of America lifted 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. StockNews.com downgraded Walmart from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, November 20th. Finally, JPMorgan Chase & Co. lifted their price objective on Walmart from $97.00 to $112.00 and gave the company an “overweight” rating in a research report on Monday, February 10th. Two research analysts have rated the stock with a hold rating, twenty-nine have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Walmart currently has an average rating of “Moderate Buy” and an average price target of $101.87.

Walmart 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.