Walmart Inc. (NYSE:WMT) Shares Sold by Mitchell Mcleod Pugh & Williams Inc.

Mitchell Mcleod Pugh & Williams Inc. reduced its stake in shares of Walmart Inc. (NYSE:WMT) by 14.7% in the 4th quarter, Holdings Channel.com reports. The fund owned 50,877 shares of the retailer’s stock after selling 8,762 shares during the quarter. Walmart makes up about 1.0% of Mitchell Mcleod Pugh & Williams Inc.’s holdings, making the stock its 20th largest position. Mitchell Mcleod Pugh & Williams Inc.’s holdings in Walmart were worth $4,597,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of WMT. Evergreen Capital Management LLC lifted its stake in Walmart by 5.6% during the second quarter. Evergreen Capital Management LLC now owns 44,556 shares of the retailer’s stock worth $3,017,000 after purchasing an additional 2,370 shares during the last quarter. Marshall Wace LLP raised its holdings in shares of Walmart by 102.9% during the second quarter. Marshall Wace LLP now owns 2,483,590 shares of the retailer’s stock worth $168,164,000 after purchasing an additional 1,259,313 shares during the period. Semmax Financial Advisors Inc. lifted its position in shares of Walmart by 3.4% in the 2nd quarter. Semmax Financial Advisors Inc. now owns 10,175 shares of the retailer’s stock worth $693,000 after buying an additional 333 shares during the last quarter. Strata Wealth Advisors LLC acquired a new position in shares of Walmart in the 2nd quarter valued at about $234,000. Finally, Gateway Advisory LLC grew its position in shares of Walmart by 4.6% during the 2nd quarter. Gateway Advisory LLC now owns 4,659 shares of the retailer’s stock valued at $332,000 after buying an additional 204 shares during the last quarter. Institutional investors 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 the stock in a transaction dated Thursday, December 26th. The stock was sold at an average price of $92.60, for a total value of $1,215,375.00. Following the completion of the sale, the executive vice president now directly owns 566,794 shares of the company’s stock, valued at approximately $52,485,124.40. This represents a 2.26 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO C Douglas Mcmillon sold 29,124 shares of Walmart stock in a transaction dated Thursday, October 24th. The shares were sold at an average price of $82.79, for a total value of $2,411,175.96. Following the transaction, the chief executive officer now directly owns 3,843,929 shares in the company, valued at approximately $318,238,881.91. This trade represents a 0.75 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 140,177 shares of company stock valued at $12,478,149. 45.58% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

WMT has been the topic of a number of recent research reports. Jefferies Financial Group raised their target price on shares of Walmart from $105.00 to $111.00 and gave the stock a “buy” rating in a report on Tuesday, December 17th. Oppenheimer upped their price objective on Walmart from $81.00 to $90.00 and gave the stock an “outperform” rating in a research note on Monday, October 14th. Citigroup increased their target price on Walmart from $75.00 to $98.00 and gave the stock a “buy” rating in a research report on Friday, September 27th. KeyCorp upped their price target on shares of Walmart from $96.00 to $100.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 11th. Finally, Roth Mkm lifted their price objective on shares of Walmart from $81.00 to $97.00 and gave the company a “buy” rating in a research report on Wednesday, November 20th. Two research analysts have rated the stock with a hold rating, twenty-nine have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $94.69.

Walmart Price Performance

NYSE WMT opened at $93.05 on Wednesday. Walmart Inc. has a 1 year low of $53.44 and a 1 year high of $96.18. The business’s fifty day moving average is $91.31 and its two-hundred day moving average is $81.63. The stock has a market capitalization of $747.51 billion, a P/E ratio of 38.19, a P/E/G ratio of 4.36 and a beta of 0.55. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.23 and a current ratio of 0.85.

Walmart (NYSE:WMT) last announced 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 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 firm earned $0.51 earnings per share. 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.

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.