Walmart Inc. (NYSE:WMT) Shares Sold by Proquility Private Wealth Partners LLC

Proquility Private Wealth Partners LLC trimmed its position in Walmart Inc. (NYSE:WMT) by 1.5% during the 4th quarter, Holdings Channel.com reports. The fund owned 13,463 shares of the retailer’s stock after selling 201 shares during the period. Proquility Private Wealth Partners LLC’s holdings in Walmart were worth $1,216,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in WMT. Royal Capital Wealth Management LLC grew its position in Walmart by 23.5% during the 2nd quarter. Royal Capital Wealth Management LLC now owns 10,547 shares of the retailer’s stock worth $714,000 after purchasing an additional 2,005 shares during the period. Zurich Insurance Group Ltd FI grew its position in shares of Walmart by 41.3% during the 2nd quarter. Zurich Insurance Group Ltd FI now owns 2,177,305 shares of the retailer’s stock valued at $147,425,000 after acquiring an additional 636,475 shares during the period. Toronto Dominion Bank increased its stake in shares of Walmart by 36.6% in the 2nd quarter. Toronto Dominion Bank now owns 2,266,288 shares of the retailer’s stock valued at $153,450,000 after purchasing an additional 606,784 shares in the last quarter. Point72 Hong Kong Ltd raised its holdings in Walmart by 112.3% in the 2nd quarter. Point72 Hong Kong Ltd now owns 49,863 shares of the retailer’s stock worth $3,376,000 after purchasing an additional 26,379 shares during the period. Finally, Blankinship & Foster LLC purchased a new position in Walmart during the second quarter worth approximately $216,000. 26.76% of the stock is owned by institutional investors and hedge funds.

Walmart Stock Performance

NYSE WMT opened at $93.26 on Thursday. The company has a market cap of $749.19 billion, a P/E ratio of 38.27, a P/E/G ratio of 4.36 and a beta of 0.55. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.85 and a quick ratio of 0.23. The stock has a 50-day moving average of $91.47 and a two-hundred day moving average of $81.79. Walmart Inc. has a 1-year low of $53.44 and a 1-year high of $96.18.

Walmart (NYSE:WMT) last released 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. The company had revenue of $169.59 billion during the quarter, compared to the consensus estimate of $167.69 billion. Walmart had a return on equity of 21.78% and a net margin of 2.92%. Walmart’s revenue was up 5.5% compared to the same quarter last year. During the same period in the previous year, the company posted $0.51 EPS. As a group, analysts anticipate that Walmart Inc. will post 2.47 EPS for the current year.

Analyst Ratings Changes

Several research analysts have recently weighed in on the company. Bank of America upped their target price on Walmart from $95.00 to $105.00 and gave the stock a “buy” rating in a research note on Wednesday, November 20th. DZ Bank downgraded Walmart from a “buy” rating to a “hold” rating and set a $91.00 target price for the company. in a research note on Thursday, November 21st. Stifel Nicolaus upped their target price on Walmart from $89.00 to $94.00 and gave the stock a “hold” rating in a research note on Tuesday, December 10th. Oppenheimer upped their target price on Walmart from $81.00 to $90.00 and gave the stock an “outperform” rating in a research note on Monday, October 14th. Finally, BMO Capital Markets upped their target price on Walmart from $80.00 to $100.00 and gave the stock an “outperform” rating in a research note on Monday, November 18th. Two research analysts have rated the stock with a hold rating, twenty-nine have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $94.69.

Insider Activity

In other news, CEO C Douglas Mcmillon sold 29,124 shares of Walmart stock in a transaction dated Wednesday, November 27th. The stock was sold at an average price of $91.44, for a total value of $2,663,098.56. Following the completion of the transaction, the chief executive officer now owns 3,814,805 shares in the company, valued at approximately $348,825,769.20. This trade represents a 0.76 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Daniel J. Bartlett sold 1,830 shares of Walmart stock in a transaction dated Wednesday, January 15th. The shares were sold at an average price of $91.07, for a total value of $166,658.10. Following the completion of the transaction, the executive vice president now owns 460,705 shares of the company’s stock, valued at $41,956,404.35. The trade was a 0.40 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 97,928 shares of company stock worth $8,978,123. 45.58% of the stock is currently owned by company insiders.

Walmart Company 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.