Contravisory Investment Management Inc. Sells 699 Shares of Walmart Inc. (NYSE:WMT)

Contravisory Investment Management Inc. trimmed its holdings in Walmart Inc. (NYSE:WMT) by 10.0% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 6,295 shares of the retailer’s stock after selling 699 shares during the quarter. Contravisory Investment Management Inc.’s holdings in Walmart were worth $569,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently bought and sold shares of WMT. Garner Asset Management Corp lifted its stake in shares of Walmart by 10.0% during the second quarter. Garner Asset Management Corp now owns 45,432 shares of the retailer’s stock valued at $3,076,000 after acquiring an additional 4,133 shares during the period. Mittelman Wealth Management acquired a new position in Walmart during the second quarter valued at approximately $227,000. WCG Wealth Advisors LLC increased its position in shares of Walmart by 2.3% in the 2nd quarter. WCG Wealth Advisors LLC now owns 94,503 shares of the retailer’s stock valued at $6,399,000 after buying an additional 2,134 shares in the last quarter. Delaney Dennis R bought a new stake in shares of Walmart in the second quarter worth about $200,000. Finally, Austin Asset Management Co Inc raised its holdings in Walmart by 2.4% during the 2nd quarter. Austin Asset Management Co Inc now owns 8,307 shares of the retailer’s stock worth $562,000 after buying an additional 195 shares during the period. 26.76% of the stock is owned by institutional investors.

Insider Activity

In other news, CEO C Douglas Mcmillon sold 29,124 shares of the stock in a transaction on Thursday, December 26th. The shares were sold at an average price of $92.35, for a total value of $2,689,601.40. Following the transaction, the chief executive officer now owns 3,785,702 shares of the company’s stock, valued at $349,609,579.70. This represents a 0.76 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP John R. Furner sold 13,125 shares of the business’s stock in a transaction that occurred on Thursday, December 26th. The stock was sold at an average price of $92.60, for a total value of $1,215,375.00. Following the completion of the sale, the executive vice president now owns 566,794 shares of the company’s stock, valued at $52,485,124.40. The trade was a 2.26 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 138,347 shares of company stock worth $12,311,491 in the last three months. Corporate insiders own 45.58% of the company’s stock.

Walmart Price Performance

NYSE WMT opened at $91.33 on Friday. The company has a quick ratio of 0.23, a current ratio of 0.85 and a debt-to-equity ratio of 0.42. The company has a market cap of $733.70 billion, a PE ratio of 37.48, a price-to-earnings-growth ratio of 4.41 and a beta of 0.55. Walmart Inc. has a 52 week low of $53.44 and a 52 week high of $96.18. The firm’s 50-day simple moving average is $90.86 and its two-hundred day simple moving average is $81.03.

Walmart (NYSE:WMT) last announced its quarterly 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. The company had revenue of $169.59 billion for the quarter, compared to analysts’ expectations of $167.69 billion. Walmart had a net margin of 2.92% and a return on equity of 21.78%. Walmart’s revenue was up 5.5% compared to the same quarter last year. During the same period in the prior year, the company posted $0.51 EPS. Research analysts predict that Walmart Inc. will post 2.47 earnings per share for the current year.

Wall Street Analyst Weigh In

WMT has been the topic of a number of recent research reports. Sanford C. Bernstein lifted 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. KeyCorp lifted their price target on Walmart from $96.00 to $100.00 and gave the stock an “overweight” rating in a report on Wednesday, December 11th. Tigress Financial upped their price objective on shares of Walmart from $86.00 to $115.00 and gave the company a “buy” rating in a report on Friday, December 13th. UBS Group increased their target price on Walmart from $92.00 to $100.00 and gave the stock a “buy” rating in a research note on Wednesday, November 20th. Finally, Citigroup lifted their price objective on shares of Walmart from $75.00 to $98.00 and gave the stock a “buy” rating in a research note on Friday, September 27th. Two investment 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 stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $94.49.

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.