Allen Capital Group LLC Sells 3,716 Shares of Walmart Inc. (NYSE:WMT)

Allen Capital Group LLC cut its holdings in Walmart Inc. (NYSE:WMT) by 6.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 52,255 shares of the retailer’s stock after selling 3,716 shares during the period. Allen Capital Group LLC’s holdings in Walmart were worth $4,721,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in WMT. Peterson Financial Group Inc. purchased a new stake in Walmart during the third quarter valued at approximately $26,000. Voisard Asset Management Group Inc. increased its position in shares of Walmart by 77.3% during 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. Decker Retirement Planning Inc. purchased a new stake in Walmart during the 4th quarter valued at $32,000. Hoese & Co LLP purchased a new stake in Walmart during the 3rd quarter valued at $33,000. Finally, Livelsberger Financial Advisory bought a new stake in Walmart in the third quarter worth $36,000. 26.76% of the stock is currently owned by hedge funds and other institutional investors.

Walmart Stock Performance

WMT stock opened at $97.97 on Friday. Walmart Inc. has a one year low of $55.04 and a one year high of $99.00. The firm has a market cap of $787.00 billion, a price-to-earnings ratio of 40.20, a PEG ratio of 4.46 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. The firm has a 50-day simple moving average of $92.91 and a two-hundred day simple moving average of $82.90.

Walmart (NYSE:WMT) last posted its earnings results on Tuesday, November 19th. The retailer reported $0.58 EPS for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $167.69 billion. During the same quarter in the prior year, the company posted $0.51 earnings per share. Walmart’s revenue for the quarter was up 5.5% compared to the same quarter last year. On average, equities analysts forecast that Walmart Inc. will post 2.48 EPS for the current fiscal year.

Insider Buying and Selling

In other news, EVP Daniel J. Bartlett sold 1,830 shares of the business’s stock in a transaction dated Wednesday, January 15th. The stock was sold at an average price of $91.07, for a total transaction of $166,658.10. Following the sale, the executive vice president now owns 460,705 shares in the company, valued at approximately $41,956,404.35. The trade was a 0.40 % decrease in their ownership of the stock. 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 that occurred on Wednesday, November 27th. The stock was sold at an average price of $91.44, for a total transaction 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 trade represents a 0.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 137,177 shares of company stock worth $12,649,328 in the last ninety days. 45.58% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the stock. Tigress Financial increased their target price on shares of Walmart from $86.00 to $115.00 and gave the company a “buy” rating in a research note on Friday, December 13th. StockNews.com lowered shares of Walmart from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, November 20th. UBS Group boosted their target price on Walmart from $100.00 to $113.00 and gave the company a “buy” rating in a research report on Friday. Royal Bank of Canada reaffirmed an “outperform” rating and set a $105.00 target price on shares of Walmart in a research note on Wednesday, January 15th. Finally, Stifel Nicolaus raised their price target on Walmart from $89.00 to $94.00 and gave the stock a “hold” rating in a research note on Tuesday, December 10th. 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’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $95.11.

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.