Walmart Inc. (NYSE:WMT) Shares Sold by West Oak Capital LLC

West Oak Capital LLC lowered its position in shares of Walmart Inc. (NYSE:WMT) by 28.4% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,970 shares of the retailer’s stock after selling 780 shares during the quarter. West Oak Capital LLC’s holdings in Walmart were worth $178,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of WMT. Geode Capital Management LLC grew its holdings in shares of Walmart by 3.3% in the 3rd quarter. Geode Capital Management LLC now owns 87,617,409 shares of the retailer’s stock worth $7,048,465,000 after acquiring an additional 2,786,061 shares during the last quarter. FMR LLC increased its stake in Walmart by 12.9% in the 3rd quarter. FMR LLC now owns 63,135,639 shares of the retailer’s stock worth $5,098,203,000 after purchasing an additional 7,200,004 shares in the last quarter. Fisher Asset Management LLC raised its holdings in Walmart by 4.6% during the 3rd quarter. Fisher Asset Management LLC now owns 47,659,844 shares of the retailer’s stock worth $3,848,533,000 after buying an additional 2,107,197 shares during the period. Franklin Resources Inc. lifted its stake in Walmart by 3.7% during the third quarter. Franklin Resources Inc. now owns 41,501,782 shares of the retailer’s stock valued at $3,392,658,000 after buying an additional 1,480,927 shares in the last quarter. Finally, Legal & General Group Plc boosted its holdings in shares of Walmart by 1.8% in the second quarter. Legal & General Group Plc now owns 36,282,740 shares of the retailer’s stock worth $2,456,704,000 after buying an additional 644,353 shares during the period. 26.76% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Walmart

In other news, SVP David Chojnowski sold 5,600 shares of the stock in a transaction that occurred on Wednesday, November 27th. The stock was sold at an average price of $91.45, for a total transaction of $512,120.00. Following the transaction, the senior vice president now owns 87,404 shares in the company, valued at approximately $7,993,095.80. This trade represents a 6.02 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Robert Edward Jr. Moritz purchased 5,446 shares of Walmart stock in a transaction that occurred on Wednesday, November 27th. The stock was purchased at an average price of $91.81 per share, with a total value of $499,997.26. Following the completion of the purchase, 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 ownership of the stock. The disclosure for this purchase can be found here. In the last quarter, insiders have sold 140,412 shares of company stock worth $12,478,116. Company insiders own 45.58% of the company’s stock.

Walmart Stock Up 1.3 %

WMT traded up $1.23 during trading on Friday, reaching $93.03. 18,134,872 shares of the stock were exchanged, compared to its average volume of 13,832,559. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.23 and a current ratio of 0.85. The stock’s 50 day moving average price is $90.16 and its two-hundred day moving average price is $80.29. Walmart Inc. has a twelve month low of $53.39 and a twelve month high of $96.18. The stock has a market cap of $747.35 billion, a P/E ratio of 38.18, a price-to-earnings-growth ratio of 4.47 and a beta of 0.55.

Walmart (NYSE:WMT) last issued its 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 analysts’ expectations of $167.69 billion. During the same period in the prior year, the firm earned $0.51 EPS. Walmart’s quarterly revenue was up 5.5% compared to the same quarter last year. Equities analysts expect that Walmart Inc. will post 2.47 EPS for the current year.

Wall Street Analysts Forecast Growth

WMT has been the subject of several research analyst reports. KeyCorp increased their price objective on Walmart from $96.00 to $100.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 11th. Sanford C. Bernstein raised their target price on Walmart from $98.00 to $102.00 and gave the company an “outperform” rating in a report on Wednesday, November 20th. Roth Mkm boosted their target price on Walmart from $81.00 to $97.00 and gave the stock a “buy” rating in a report on Wednesday, November 20th. Truist Financial increased their price target on Walmart from $89.00 to $98.00 and gave the company a “buy” rating in a report on Wednesday, November 20th. Finally, DZ Bank cut shares of Walmart from a “buy” rating to a “hold” rating and set a $91.00 price objective for the company. in a research note on Thursday, November 21st. Two analysts have rated the stock with a hold rating, twenty-nine have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, Walmart has an average rating of “Moderate Buy” and a consensus price target of $94.08.

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.