Mid American Wealth Advisory Group Inc. Lowers Stock Holdings in Walmart Inc. (NYSE:WMT)

Mid American Wealth Advisory Group Inc. cut its stake in shares of Walmart Inc. (NYSE:WMT) by 4.4% during the fourth quarter, HoldingsChannel.com reports. The fund owned 4,651 shares of the retailer’s stock after selling 213 shares during the quarter. Mid American Wealth Advisory Group Inc.’s holdings in Walmart were worth $420,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of WMT. Brophy Wealth Management LLC acquired a new stake in shares of Walmart in the third quarter worth $2,072,000. Bank of New Hampshire grew its holdings in shares of Walmart by 13.7% in the fourth quarter. Bank of New Hampshire now owns 47,949 shares of the retailer’s stock valued at $4,332,000 after purchasing an additional 5,786 shares during the period. Iowa State Bank lifted its stake in shares of Walmart by 213.8% in the 4th quarter. Iowa State Bank now owns 26,807 shares of the retailer’s stock valued at $2,422,000 after purchasing an additional 18,263 shares during the last quarter. Fisher Asset Management LLC increased its position in shares of Walmart by 4.6% during the third quarter. Fisher Asset Management LLC now owns 47,659,844 shares of the retailer’s stock valued at $3,848,533,000 after acquiring an additional 2,107,197 shares during the last quarter. Finally, Virtu Financial LLC purchased a new stake in shares of Walmart in the 3rd quarter valued at approximately $541,000. Hedge funds and other institutional investors own 26.76% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on WMT. Citigroup lifted their price objective on Walmart from $75.00 to $98.00 and gave the company a “buy” rating in a research note on Friday, September 27th. Redburn Atlantic upgraded shares of Walmart to a “strong-buy” rating in a research note on Monday, September 23rd. StockNews.com cut Walmart from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, November 20th. Truist Financial boosted their target price on Walmart from $89.00 to $98.00 and gave the stock a “buy” rating in a research note on Wednesday, November 20th. Finally, Tigress Financial increased their price target on Walmart from $86.00 to $115.00 and gave the company a “buy” rating in a research report on Friday, December 13th. Two equities research 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. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $94.08.

Walmart Price Performance

Shares of NYSE WMT traded down $1.67 during midday trading on Monday, hitting $91.33. The company had a trading volume of 6,377,953 shares, compared to its average volume of 12,671,640. The firm has a market capitalization of $733.69 billion, a price-to-earnings ratio of 37.48, a price-to-earnings-growth ratio of 4.47 and a beta of 0.55. Walmart Inc. has a twelve month low of $53.44 and a twelve month high of $96.18. The business has a 50-day simple moving average of $90.38 and a two-hundred day simple moving average of $80.63. The company has a quick ratio of 0.23, a current ratio of 0.85 and a debt-to-equity ratio of 0.42.

Walmart (NYSE:WMT) last posted its earnings results on Tuesday, November 19th. The retailer reported $0.58 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 the consensus estimate of $167.69 billion. During the same period in the previous year, the business earned $0.51 earnings per share. Walmart’s quarterly revenue was up 5.5% compared to the same quarter last year. Equities research analysts anticipate that Walmart Inc. will post 2.47 earnings per share for the current year.

Insider Buying and Selling at Walmart

In other Walmart news, EVP John R. Furner sold 13,125 shares of the stock in a transaction on Thursday, December 26th. The stock was sold at an average price of $92.60, for a total transaction of $1,215,375.00. Following the transaction, the executive vice president now owns 566,794 shares of the company’s stock, valued at $52,485,124.40. This represents a 2.26 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, CEO C Douglas Mcmillon sold 29,124 shares of the company’s stock in a transaction on 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 completion of the transaction, the chief executive officer now owns 3,843,929 shares of the company’s stock, valued at $318,238,881.91. The trade was a 0.75 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 140,412 shares of company stock worth $12,478,116. 45.58% of the stock is owned by corporate 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.