Walmart Inc. (NYSE:WMT) Shares Sold by Davidson Trust Co.

Davidson Trust Co. decreased its position in Walmart Inc. (NYSE:WMT) by 2.4% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 4,937 shares of the retailer’s stock after selling 120 shares during the period. Davidson Trust Co.’s holdings in Walmart were worth $446,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Atria Wealth Solutions Inc. lifted its holdings in shares of Walmart by 3.5% during the fourth quarter. Atria Wealth Solutions Inc. now owns 290,726 shares of the retailer’s stock valued at $26,311,000 after purchasing an additional 9,794 shares during the last quarter. GAM Holding AG purchased a new stake in shares of Walmart during the fourth quarter valued at $2,040,000. Venturi Wealth Management LLC lifted its holdings in shares of Walmart by 12.9% during the fourth quarter. Venturi Wealth Management LLC now owns 251,436 shares of the retailer’s stock valued at $22,717,000 after purchasing an additional 28,801 shares during the last quarter. Fortis Group Advisors LLC lifted its holdings in shares of Walmart by 4.8% during the fourth quarter. Fortis Group Advisors LLC now owns 33,237 shares of the retailer’s stock valued at $3,003,000 after purchasing an additional 1,516 shares during the last quarter. Finally, D.A. Davidson & CO. lifted its holdings in shares of Walmart by 3.8% during the fourth quarter. D.A. Davidson & CO. now owns 370,555 shares of the retailer’s stock valued at $33,480,000 after purchasing an additional 13,488 shares during the last quarter. Institutional investors and hedge funds own 26.76% of the company’s stock.

Walmart Price Performance

Shares of NYSE:WMT opened at $103.73 on Wednesday. The business has a 50 day moving average price of $95.38 and a 200 day moving average price of $86.05. Walmart Inc. has a twelve month low of $57.60 and a twelve month high of $105.30. The company has a market cap of $833.31 billion, a price-to-earnings ratio of 42.57, a PEG ratio of 4.30 and a beta of 0.55. The company has a quick ratio of 0.23, a current ratio of 0.85 and a debt-to-equity ratio of 0.42.

Walmart (NYSE:WMT) last announced its earnings results on Tuesday, November 19th. The retailer reported $0.58 earnings per share for the quarter, beating the consensus estimate 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 quarter in the prior year, the company earned $0.51 EPS. The firm’s revenue for the quarter was up 5.5% compared to the same quarter last year. Research analysts predict that Walmart Inc. will post 2.48 earnings per share for the current year.

Insider Activity at Walmart

In other news, Director Robert Edward Jr. Moritz acquired 5,446 shares of Walmart stock in a transaction on Wednesday, November 27th. The stock was bought at an average price of $91.81 per share, for a total transaction of $499,997.26. Following the transaction, the director now owns 7,805 shares of the company’s stock, valued at $716,577.05. The trade was a 230.86 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO C Douglas Mcmillon sold 29,124 shares of the firm’s stock in a transaction that occurred on Wednesday, November 27th. The stock was sold at an average price of $91.44, for a total value of $2,663,098.56. Following the completion of the sale, the chief executive officer now owns 3,814,805 shares of the company’s stock, valued at $348,825,769.20. This represents a 0.76 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 175,177 shares of company stock worth $16,403,728 in the last 90 days. 45.58% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on WMT. Robert W. Baird upped their target price on Walmart from $100.00 to $115.00 and gave the company an “outperform” rating in a report on Tuesday. KeyCorp upped their price target on Walmart from $96.00 to $100.00 and gave the company an “overweight” rating in a research report on Wednesday, December 11th. DZ Bank lowered Walmart from a “buy” rating to a “hold” rating and set a $91.00 price target on the stock. in a research report on Thursday, November 21st. Truist Financial upped their price target on Walmart from $98.00 to $111.00 and gave the company a “buy” rating in a research report on Tuesday, February 11th. Finally, UBS Group upped their price target on Walmart from $100.00 to $113.00 and gave the company a “buy” rating in a research report on Friday, January 31st. Two equities 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’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $101.87.

Walmart Company 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.