Brady Family Wealth LLC Has $1.80 Million Stock Holdings in Walmart Inc. (NYSE:WMT)

Brady Family Wealth LLC lowered its holdings in shares of Walmart Inc. (NYSE:WMT) by 2.4% in the 4th quarter, Holdings Channel.com reports. The fund owned 19,944 shares of the retailer’s stock after selling 482 shares during the period. Brady Family Wealth LLC’s holdings in Walmart were worth $1,802,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of WMT. Peterson Financial Group Inc. acquired a new stake in Walmart during the 3rd quarter valued at approximately $26,000. Voisard Asset Management Group Inc. boosted its stake in shares of Walmart by 77.3% in 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. Hoese & Co LLP bought a new stake in shares of Walmart in the 3rd quarter valued at $33,000. Livelsberger Financial Advisory acquired a new stake in shares of Walmart during the third quarter worth $36,000. Finally, Hara Capital LLC acquired a new position in Walmart in the third quarter valued at $37,000. Institutional investors and hedge funds own 26.76% of the company’s stock.

Insider Activity at Walmart

In other news, EVP John D. Rainey sold 3,000 shares of the business’s stock in a transaction that occurred on Friday, November 1st. The shares were sold at an average price of $82.12, for a total value of $246,360.00. Following the sale, the executive vice president now owns 378,165 shares of the company’s stock, valued at $31,054,909.80. The trade was a 0.79 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP John R. Furner sold 13,125 shares of the firm’s stock in a transaction that occurred on Thursday, December 26th. The stock was sold at an average price of $92.60, for a total transaction of $1,215,375.00. Following the completion of the transaction, the executive vice president now directly owns 566,794 shares of the company’s stock, valued at approximately $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. In the last three months, insiders have sold 138,347 shares of company stock worth $12,311,491. Company insiders own 45.58% of the company’s stock.

Walmart Stock Down 0.0 %

Walmart stock opened at $91.33 on Friday. The firm has a 50 day moving average price of $90.86 and a 200-day moving average price of $81.03. 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 Inc. has a twelve month low of $53.44 and a twelve month high of $96.18. The company has a market capitalization of $733.70 billion, a P/E ratio of 37.48, a P/E/G ratio of 4.41 and a beta of 0.55.

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

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on WMT. Telsey Advisory Group increased their price target on Walmart from $92.00 to $100.00 and gave the stock an “outperform” rating in a report on Tuesday, November 19th. Evercore ISI raised their target price on 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 target on Walmart from $89.00 to $98.00 and gave the company a “buy” rating in a research note on Wednesday, November 20th. Stifel Nicolaus raised their price objective on shares of Walmart from $89.00 to $94.00 and gave the stock a “hold” rating in a research report on Tuesday, December 10th. Finally, Wells Fargo & Company boosted their target price on shares of Walmart from $96.00 to $100.00 and gave the company an “overweight” rating in a research report on Friday, January 10th. Two analysts have rated the stock with a hold rating, twenty-nine have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Walmart has a consensus rating of “Moderate Buy” and an average target price of $94.49.

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.