Walmart Inc. (NYSE:WMT) Holdings Cut by Keene & Associates Inc.

Keene & Associates Inc. reduced its position in shares of Walmart Inc. (NYSE:WMT) by 6.0% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 54,790 shares of the retailer’s stock after selling 3,521 shares during the period. Walmart makes up 4.0% of Keene & Associates Inc.’s portfolio, making the stock its biggest holding. Keene & Associates Inc.’s holdings in Walmart were worth $4,950,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Swedbank AB raised its position in shares of Walmart by 0.4% during the 3rd quarter. Swedbank AB now owns 5,345,293 shares of the retailer’s stock valued at $431,632,000 after buying an additional 18,644 shares in the last quarter. Foundations Investment Advisors LLC raised its position in Walmart by 18.9% during the third quarter. Foundations Investment Advisors LLC now owns 68,449 shares of the retailer’s stock valued at $5,527,000 after purchasing an additional 10,869 shares in the last quarter. Sequoia Financial Advisors LLC lifted its stake in Walmart by 3.8% during the third quarter. Sequoia Financial Advisors LLC now owns 691,596 shares of the retailer’s stock worth $55,846,000 after purchasing an additional 25,386 shares during the last quarter. Eastern Bank increased its position in shares of Walmart by 128.0% during the 3rd quarter. Eastern Bank now owns 1,346,897 shares of the retailer’s stock valued at $108,762,000 after purchasing an additional 756,064 shares during the last quarter. Finally, Maripau Wealth Management LLC raised its holdings in shares of Walmart by 6.1% during the 3rd quarter. Maripau Wealth Management LLC now owns 11,741 shares of the retailer’s stock valued at $948,000 after buying an additional 674 shares in the last quarter. Institutional investors own 26.76% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have issued reports on the company. Morgan Stanley reaffirmed an “overweight” rating and issued a $115.00 target price (up previously from $106.00) on shares of Walmart in a research note on Thursday, February 13th. Wells Fargo & Company increased their target price on shares of Walmart from $100.00 to $108.00 and gave the company an “overweight” rating in a report on Monday, February 3rd. Roth Mkm boosted their price target on shares of Walmart from $81.00 to $97.00 and gave the stock a “buy” rating in a research note on Wednesday, November 20th. JPMorgan Chase & Co. raised their price objective on Walmart from $97.00 to $112.00 and gave the company an “overweight” rating in a research note on Monday, February 10th. Finally, StockNews.com downgraded Walmart from a “strong-buy” rating to 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 given a strong buy rating to the company’s stock. According to data from MarketBeat, Walmart presently has a consensus rating of “Moderate Buy” and an average price target of $101.87.

Insider Activity

In other Walmart news, Director Robert Edward Jr. Moritz bought 5,446 shares of the stock in a transaction dated Wednesday, November 27th. The stock was purchased at an average cost of $91.81 per share, for a total transaction of $499,997.26. Following the completion of the acquisition, the director now owns 7,805 shares of the company’s stock, valued at approximately $716,577.05. This trade represents a 230.86 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP John D. Rainey sold 38,000 shares of the company’s stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $98.80, for a total value of $3,754,400.00. Following the completion of the sale, the executive vice president now owns 257,281 shares in the company, valued at $25,419,362.80. The trade was a 12.87 % 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. Corporate insiders own 45.58% of the company’s stock.

Walmart Stock Up 0.1 %

WMT stock opened at $103.90 on Thursday. Walmart Inc. has a fifty-two week low of $57.60 and a fifty-two week high of $105.30. The company has a market capitalization of $834.69 billion, a price-to-earnings ratio of 42.64, a price-to-earnings-growth ratio of 4.39 and a beta of 0.55. The business’s 50 day moving average price is $95.56 and its two-hundred day moving average price is $86.17. 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 released its quarterly 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. The company had revenue of $169.59 billion for the quarter, compared to analyst estimates of $167.69 billion. Walmart had a return on equity of 21.78% and a net margin of 2.92%. The firm’s revenue was up 5.5% on a year-over-year basis. During the same period in the previous year, the company posted $0.51 earnings per share. As a group, analysts forecast that Walmart Inc. will post 2.48 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.