Gries Financial LLC Sells 124 Shares of Walmart Inc. (NYSE:WMT)

Gries Financial LLC trimmed its holdings in shares of Walmart Inc. (NYSE:WMT) by 2.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 4,238 shares of the retailer’s stock after selling 124 shares during the quarter. Gries Financial LLC’s holdings in Walmart were worth $383,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also bought and sold shares of WMT. Peterson Financial Group Inc. bought a new position in shares of Walmart during the third quarter worth approximately $26,000. Voisard Asset Management Group Inc. grew its position in 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 buying an additional 174 shares in the last quarter. Decker Retirement Planning Inc. bought a new position in Walmart during the 4th quarter worth $32,000. Hoese & Co LLP acquired a new position in Walmart in the 3rd quarter valued at $33,000. Finally, Livelsberger Financial Advisory bought a new stake in shares of Walmart during the 3rd quarter valued at $36,000. Institutional investors and hedge funds own 26.76% of the company’s stock.

Walmart Stock Down 0.7 %

Walmart stock opened at $97.97 on Friday. 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. Walmart Inc. has a 52-week low of $55.04 and a 52-week high of $99.00. 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 moving average price of $92.91 and a two-hundred day moving average price of $82.90.

Walmart (NYSE:WMT) last announced its earnings results on Tuesday, November 19th. The retailer reported $0.58 earnings per share for the quarter, topping analysts’ consensus estimates of $0.53 by $0.05. The business had revenue of $169.59 billion during the quarter, compared to the consensus estimate of $167.69 billion. Walmart had a net margin of 2.92% and a return on equity of 21.78%. Walmart’s quarterly revenue was up 5.5% on a year-over-year basis. During the same quarter last year, the firm earned $0.51 earnings per share. Equities analysts predict that Walmart Inc. will post 2.48 EPS for the current year.

Wall Street Analyst Weigh In

WMT has been the topic of a number of recent analyst reports. Morgan Stanley raised their price target on Walmart from $100.00 to $106.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 21st. Bank of America boosted their target price on shares of Walmart from $95.00 to $105.00 and gave the company a “buy” rating in a research report on Wednesday, November 20th. Royal Bank of Canada reiterated an “outperform” rating and set a $105.00 price target on shares of Walmart in a research report on Wednesday, January 15th. Sanford C. Bernstein boosted their price objective on shares of Walmart from $98.00 to $102.00 and gave the company an “outperform” rating in a research report on Wednesday, November 20th. Finally, KeyCorp raised their target price on Walmart from $96.00 to $100.00 and gave the company an “overweight” rating in a report on Wednesday, December 11th. Two equities research analysts have rated the stock with a hold rating, twenty-nine have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $95.11.

Insider Activity at Walmart

In other Walmart news, Director Robert Edward Jr. Moritz purchased 5,446 shares of the business’s stock in a transaction on Wednesday, November 27th. The shares were purchased at an average cost of $91.81 per share, for a total transaction of $499,997.26. Following the acquisition, the director now owns 7,805 shares of the company’s stock, valued at approximately $716,577.05. This represents a 230.86 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO C Douglas Mcmillon sold 29,124 shares of Walmart stock in a transaction on Wednesday, November 27th. The shares were 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 represents a 0.76 % decrease in their position. 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 90 days. Corporate insiders own 45.58% of the company’s stock.

About Walmart

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.