Forbes J M & Co. LLP Has $16.10 Million Holdings in Walmart Inc. (NYSE:WMT)

Forbes J M & Co. LLP trimmed its position in shares of Walmart Inc. (NYSE:WMT) by 22.7% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 178,138 shares of the retailer’s stock after selling 52,251 shares during the period. Walmart accounts for approximately 1.5% of Forbes J M & Co. LLP’s portfolio, making the stock its 17th largest holding. Forbes J M & Co. LLP’s holdings in Walmart were worth $16,095,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of WMT. Peterson Financial Group Inc. bought a new position in Walmart in the third quarter valued at about $26,000. Fiduciary Advisors Inc. acquired a new stake in shares of Walmart in the 4th quarter valued at approximately $27,000. Voisard Asset Management Group Inc. grew its holdings in shares of Walmart by 77.3% during the 3rd quarter. Voisard Asset Management Group Inc. now owns 399 shares of the retailer’s stock valued at $32,000 after purchasing an additional 174 shares during the last quarter. Decker Retirement Planning Inc. acquired a new position in Walmart during the 4th quarter worth approximately $32,000. Finally, Livelsberger Financial Advisory bought a new position in Walmart in the 3rd quarter valued at approximately $36,000. 26.76% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Walmart news, Director Robert Edward Jr. Moritz bought 5,446 shares of the 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 directly owns 7,805 shares of the company’s stock, valued at approximately $716,577.05. The trade was a 230.86 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Daniel J. Bartlett sold 1,830 shares of the firm’s stock in a transaction dated Wednesday, January 15th. The shares were sold at an average price of $91.07, for a total transaction of $166,658.10. Following the completion of the transaction, the executive vice president now directly owns 460,705 shares in the company, valued at approximately $41,956,404.35. The trade was a 0.40 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 175,177 shares of company stock worth $16,403,728 in the last ninety days. Corporate insiders own 45.58% of the company’s stock.

Walmart Trading Down 1.6 %

NYSE:WMT opened at $101.17 on Monday. The firm has a fifty day simple moving average of $94.07 and a two-hundred day simple moving average of $84.26. Walmart Inc. has a 12 month low of $55.85 and a 12 month high of $103.11. The stock has a market capitalization of $812.73 billion, a price-to-earnings ratio of 41.52, a PEG ratio of 4.25 and a beta of 0.55. The company has a current ratio of 0.85, a quick ratio of 0.23 and a debt-to-equity ratio of 0.42.

Walmart (NYSE:WMT) last issued its earnings results on Tuesday, November 19th. The retailer reported $0.58 EPS for the quarter, beating analysts’ consensus estimates of $0.53 by $0.05. The business had revenue of $169.59 billion during the quarter, compared to analyst estimates of $167.69 billion. Walmart had a return on equity of 21.78% and a net margin of 2.92%. The firm’s revenue was up 5.5% compared to the same quarter last year. During the same period in the previous year, the company posted $0.51 EPS. Analysts expect that Walmart Inc. will post 2.48 EPS for the current fiscal year.

Wall Street Analyst Weigh In

WMT has been the topic of a number of research reports. Evercore ISI boosted their target price on shares of Walmart from $94.00 to $96.00 and gave the stock an “outperform” rating in a research note on Tuesday, December 3rd. Truist Financial boosted their price objective on Walmart from $89.00 to $98.00 and gave the stock a “buy” rating in a research report on Wednesday, November 20th. Wells Fargo & Company lifted their price target on Walmart from $100.00 to $108.00 and gave the company an “overweight” rating in a research note on Monday, February 3rd. StockNews.com downgraded Walmart from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, November 20th. Finally, UBS Group lifted their target price on shares of Walmart from $100.00 to $113.00 and gave the stock a “buy” rating in a research report on Friday, January 31st. Two 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 stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $96.01.

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.