Brookstone Capital Management Sells 23,709 Shares of Walmart Inc. (NYSE:WMT)

Brookstone Capital Management cut its stake in Walmart Inc. (NYSE:WMT) by 8.7% during the 4th quarter, HoldingsChannel.com reports. The fund owned 248,332 shares of the retailer’s stock after selling 23,709 shares during the period. Brookstone Capital Management’s holdings in Walmart were worth $22,437,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Peterson Financial Group Inc. bought a new position in shares of Walmart during the 3rd quarter worth approximately $26,000. Voisard Asset Management Group Inc. raised its position in shares of Walmart by 77.3% during the third quarter. Voisard Asset Management Group Inc. now owns 399 shares of the retailer’s stock worth $32,000 after purchasing an additional 174 shares during the period. Hoese & Co LLP purchased a new stake in Walmart in the 3rd quarter valued at $33,000. Livelsberger Financial Advisory purchased a new stake in Walmart in the 3rd quarter valued at $36,000. Finally, Hara Capital LLC purchased a new stake in Walmart in the 3rd quarter valued at $37,000. 26.76% of the stock is currently owned by institutional investors.

Walmart Trading Down 1.4 %

Walmart stock traded down $1.33 during trading hours on Monday, reaching $91.67. The company had a trading volume of 3,906,815 shares, compared to its average volume of 12,339,920. 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 company has a 50-day moving average price of $90.38 and a 200 day moving average price of $80.63. The firm has a market cap of $736.42 billion, a price-to-earnings ratio of 37.62, a P/E/G ratio of 4.47 and a beta of 0.55. Walmart Inc. has a 12-month low of $53.44 and a 12-month high of $96.18.

Walmart (NYSE:WMT) last announced its quarterly earnings results on Tuesday, November 19th. The retailer reported $0.58 EPS for the quarter, topping analysts’ consensus estimates of $0.53 by $0.05. The business had revenue of $169.59 billion for the quarter, compared to analysts’ expectations of $167.69 billion. Walmart had a return on equity of 21.78% and a net margin of 2.92%. The business’s quarterly revenue was up 5.5% on a year-over-year basis. During the same period in the previous year, the firm earned $0.51 EPS. Equities analysts forecast that Walmart Inc. will post 2.47 earnings per share for the current year.

Insiders Place Their Bets

In other news, EVP Daniel J. Bartlett sold 2,065 shares of the business’s stock in a transaction that occurred on Tuesday, October 15th. The stock was sold at an average price of $80.69, for a total transaction of $166,624.85. Following the transaction, the executive vice president now directly owns 457,493 shares of the company’s stock, valued at approximately $36,915,110.17. The trade was a 0.45 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP John R. Furner sold 13,125 shares of the business’s stock in a transaction that occurred on Thursday, December 26th. The shares were sold at an average price of $92.60, for a total value of $1,215,375.00. Following the transaction, the executive vice president now directly owns 566,794 shares in the company, valued at $52,485,124.40. This trade represents a 2.26 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 140,412 shares of company stock valued at $12,478,116 in the last ninety days. Company insiders own 45.58% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the company. Oppenheimer increased their price target on Walmart from $81.00 to $90.00 and gave the company an “outperform” rating in a research report on Monday, October 14th. TD Cowen raised their target price on Walmart from $90.00 to $100.00 and gave the company a “buy” rating in a research report on Wednesday, November 20th. Jefferies Financial Group raised their target price on Walmart from $105.00 to $111.00 and gave the company a “buy” rating in a research report on Tuesday, December 17th. Piper Sandler raised their target price on Walmart from $83.00 to $93.00 and gave the company an “overweight” rating in a research report on Monday, November 18th. Finally, Citigroup raised their target price on Walmart from $75.00 to $98.00 and gave the company a “buy” rating in a research report on Friday, September 27th. Two investment analysts have rated the stock with a hold rating, twenty-nine have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Walmart has a consensus 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.