Whitener Capital Management Inc. Has $17.63 Million Stock Holdings in Walmart Inc. (NYSE:WMT)

Whitener Capital Management Inc. lessened its holdings in Walmart Inc. (NYSE:WMT) by 3.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 195,120 shares of the retailer’s stock after selling 7,052 shares during the quarter. Walmart makes up approximately 4.9% of Whitener Capital Management Inc.’s holdings, making the stock its 5th biggest holding. Whitener Capital Management Inc.’s holdings in Walmart were worth $17,629,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the business. Peterson Financial Group Inc. bought a new position in Walmart in the third quarter valued at approximately $26,000. Voisard Asset Management Group Inc. lifted 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 period. Decker Retirement Planning Inc. bought a new position in shares of Walmart in the 4th quarter worth $32,000. Hoese & Co LLP acquired a new stake in shares of Walmart during the third quarter worth $33,000. Finally, Livelsberger Financial Advisory bought a new stake in Walmart in the third quarter valued at about $36,000. Institutional investors and hedge funds own 26.76% of the company’s stock.

Insider Buying and Selling at Walmart

In related news, EVP John R. Furner sold 13,125 shares of Walmart stock in a transaction that occurred on Thursday, October 24th. The stock was sold at an average price of $82.96, for a total transaction of $1,088,850.00. Following the completion of the sale, the executive vice president now directly owns 593,040 shares of the company’s stock, valued at approximately $49,198,598.40. This trade represents a 2.17 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO C Douglas Mcmillon sold 29,124 shares of the business’s stock in a transaction dated Thursday, October 24th. The shares were sold at an average price of $82.79, for a total transaction of $2,411,175.96. Following the completion of the sale, the chief executive officer now directly owns 3,843,929 shares of the company’s stock, valued at approximately $318,238,881.91. The trade was a 0.75 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 140,177 shares of company stock worth $12,478,149 over the last 90 days. Company insiders own 45.58% of the company’s stock.

Walmart Price Performance

Shares of WMT opened at $92.02 on Friday. The company has a current ratio of 0.85, a quick ratio of 0.23 and a debt-to-equity ratio of 0.42. The company’s fifty day simple moving average is $91.15 and its 200 day simple moving average is $81.27. Walmart Inc. has a 1-year low of $53.44 and a 1-year high of $96.18. The company has a market cap of $739.19 billion, a price-to-earnings ratio of 37.76, a PEG ratio of 4.41 and a beta of 0.55.

Walmart (NYSE:WMT) last released its quarterly earnings data on Tuesday, November 19th. The retailer reported $0.58 earnings per share for the quarter, topping the consensus estimate 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 analyst estimates of $167.69 billion. During the same period in the previous year, the business earned $0.51 EPS. Walmart’s revenue for the quarter was up 5.5% compared to the same quarter last year. On average, research analysts forecast that Walmart Inc. will post 2.47 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research firms have recently issued reports on WMT. DZ Bank lowered Walmart from a “buy” rating to a “hold” rating and set a $91.00 target price for the company. in a research report on Thursday, November 21st. Melius Research initiated coverage on shares of Walmart in a report on Monday, September 23rd. They set a “buy” rating and a $95.00 price objective for the company. Bank of America increased their target price on shares of Walmart from $95.00 to $105.00 and gave the stock a “buy” rating in a report on Wednesday, November 20th. Morgan Stanley boosted their price target on shares of Walmart from $89.00 to $100.00 and gave the company an “overweight” rating in a report on Wednesday, November 20th. Finally, KeyCorp raised 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. Two equities research analysts have rated the stock with a hold rating, twenty-nine have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Walmart has an average 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.