Walmart Inc. (NYSE:WMT) Shares Sold by Harvey Capital Management Inc.

Harvey Capital Management Inc. cut its position in shares of Walmart Inc. (NYSE:WMT) by 6.0% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 46,950 shares of the retailer’s stock after selling 3,000 shares during the period. Harvey Capital Management Inc.’s holdings in Walmart were worth $4,242,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in WMT. Fiduciary Advisors Inc. purchased a new stake in shares of Walmart during the 4th quarter worth about $27,000. Peterson Financial Group Inc. acquired a new position in Walmart in the 3rd quarter worth about $26,000. Decker Retirement Planning Inc. purchased a new position in Walmart during the fourth quarter worth approximately $32,000. Voisard Asset Management Group Inc. grew its holdings in Walmart by 77.3% in the third 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. Finally, Livelsberger Financial Advisory purchased a new stake in shares of Walmart in the third quarter valued at approximately $36,000. Institutional investors and hedge funds own 26.76% of the company’s stock.

Wall Street Analyst Weigh In

WMT has been the topic of a number of recent analyst reports. Sanford C. Bernstein increased their target price on Walmart from $98.00 to $102.00 and gave the company an “outperform” rating in a research report on Wednesday, November 20th. UBS Group increased their price objective on shares of Walmart from $100.00 to $113.00 and gave the company a “buy” rating in a report on Friday, January 31st. Evercore ISI boosted their target price on shares of Walmart from $94.00 to $96.00 and gave the stock an “outperform” rating in a research note on Tuesday, December 3rd. Stifel Nicolaus upped their price target 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, Roth Mkm lifted their price objective on Walmart from $81.00 to $97.00 and gave the stock a “buy” rating in a report on Wednesday, November 20th. Two investment analysts have rated the stock with a hold rating, twenty-nine have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $98.56.

Walmart Trading Up 1.1 %

Shares of WMT stock opened at $103.62 on Thursday. The company has a 50-day moving average of $94.45 and a two-hundred day moving average of $84.82. The firm has a market cap of $832.42 billion, a PE ratio of 42.53, a price-to-earnings-growth ratio of 4.25 and a beta of 0.55. Walmart Inc. has a 1-year low of $55.85 and a 1-year high of $103.90. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.85 and a quick ratio of 0.23.

Walmart (NYSE:WMT) last posted its earnings results on Tuesday, November 19th. The retailer reported $0.58 earnings per share for the quarter, beating 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 firm had revenue of $169.59 billion during the quarter, compared to the consensus estimate of $167.69 billion. During the same quarter last year, the firm earned $0.51 EPS. The firm’s revenue for the quarter was up 5.5% on a year-over-year basis. On average, analysts predict that Walmart Inc. will post 2.48 EPS for the current year.

Insider Activity at Walmart

In other Walmart news, EVP John D. Rainey sold 38,000 shares of the business’s stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $98.80, for a total transaction of $3,754,400.00. Following the sale, the executive vice president now directly owns 257,281 shares in the company, valued at $25,419,362.80. This represents a 12.87 % decrease in their ownership of the stock. The sale 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 the firm’s stock in a transaction that occurred 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 transaction, the chief executive officer now directly owns 3,814,805 shares of the company’s stock, valued at approximately $348,825,769.20. The trade was a 0.76 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 175,177 shares of company stock worth $16,403,728. 45.58% of the stock is currently owned by company insiders.

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.