Cyndeo Wealth Partners LLC Lowers Stake in Walmart Inc. (NYSE:WMT)

Cyndeo Wealth Partners LLC cut its stake in Walmart Inc. (NYSE:WMT) by 3.1% during the fourth quarter, HoldingsChannel reports. The fund owned 24,827 shares of the retailer’s stock after selling 796 shares during the quarter. Cyndeo Wealth Partners LLC’s holdings in Walmart were worth $2,243,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in WMT. Peterson Financial Group Inc. purchased a new stake in shares of Walmart during the third quarter valued at about $26,000. Voisard Asset Management Group Inc. lifted its position in Walmart by 77.3% during the third quarter. Voisard Asset Management Group Inc. now owns 399 shares of the retailer’s stock valued at $32,000 after acquiring an additional 174 shares during the last quarter. Decker Retirement Planning Inc. acquired a new stake in Walmart in the fourth quarter valued at approximately $32,000. Hoese & Co LLP purchased a new position in Walmart in the third quarter worth $33,000. Finally, Livelsberger Financial Advisory acquired a new position in shares of Walmart during the third quarter worth $36,000. 26.76% of the stock is owned by institutional investors.

Walmart Trading Up 1.1 %

Shares of Walmart stock opened at $94.84 on Monday. Walmart Inc. has a fifty-two week low of $53.47 and a fifty-two week high of $96.18. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.23 and a current ratio of 0.85. The company has a market cap of $761.90 billion, a P/E ratio of 38.92, a price-to-earnings-growth ratio of 4.42 and a beta of 0.55. The firm has a 50-day simple moving average of $92.02 and a two-hundred day simple moving average of $82.21.

Walmart (NYSE:WMT) last issued its quarterly earnings results on Tuesday, November 19th. The retailer reported $0.58 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.53 by $0.05. The company had revenue of $169.59 billion for 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 for the quarter was up 5.5% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.51 earnings per share. As a group, equities analysts predict that Walmart Inc. will post 2.48 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on WMT. TD Cowen raised their price objective on Walmart from $90.00 to $100.00 and gave the stock a “buy” rating in a research report on Wednesday, November 20th. Royal Bank of Canada reissued an “outperform” rating and issued a $105.00 price target on shares of Walmart in a report on Wednesday, January 15th. Jefferies Financial Group upped their price objective on shares of Walmart from $105.00 to $111.00 and gave the company a “buy” rating in a report on Tuesday, December 17th. DZ Bank lowered shares of Walmart from a “buy” rating to a “hold” rating and set a $91.00 price objective for the company. in a research report on Thursday, November 21st. Finally, Morgan Stanley boosted their target price on shares of Walmart from $100.00 to $106.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 21st. Two 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. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $94.69.

Insider Buying and Selling

In other news, CEO C Douglas Mcmillon sold 29,124 shares of Walmart stock in a transaction dated Wednesday, November 27th. The shares were sold at an average price of $91.44, for a total value of $2,663,098.56. Following the sale, the chief executive officer now owns 3,814,805 shares in the company, valued at $348,825,769.20. This trade represents a 0.76 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP John D. Rainey sold 3,000 shares of the business’s stock in a transaction dated Friday, November 1st. The stock was sold at an average price of $82.12, for a total transaction of $246,360.00. Following the sale, the executive vice president now directly owns 378,165 shares of the company’s stock, valued at $31,054,909.80. This represents a 0.79 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 140,177 shares of company stock valued at $12,895,688. 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.