N.E.W. Advisory Services LLC Sells 953 Shares of Walmart Inc. (NYSE:WMT)

N.E.W. Advisory Services LLC lessened its stake in shares of Walmart Inc. (NYSE:WMT) by 4.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 19,199 shares of the retailer’s stock after selling 953 shares during the quarter. N.E.W. Advisory Services LLC’s holdings in Walmart were worth $1,735,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in WMT. Fiduciary Advisors Inc. bought a new position in Walmart in the fourth quarter worth approximately $27,000. Peterson Financial Group Inc. bought a new position in shares of Walmart in the 3rd quarter worth $26,000. Decker Retirement Planning Inc. acquired a new stake in Walmart in the 4th quarter valued at $32,000. Voisard Asset Management Group Inc. increased its stake in Walmart by 77.3% during the 3rd quarter. Voisard Asset Management Group Inc. now owns 399 shares of the retailer’s stock valued at $32,000 after purchasing an additional 174 shares in the last quarter. Finally, Hoese & Co LLP acquired a new position in Walmart during the third quarter worth $33,000. 26.76% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Walmart

In related news, CEO C Douglas Mcmillon sold 29,124 shares of the company’s stock in a transaction that occurred on Wednesday, November 27th. The shares were sold at an average price of $91.44, for a total transaction of $2,663,098.56. Following the sale, the chief executive officer now owns 3,814,805 shares of the company’s stock, valued at approximately $348,825,769.20. This represents a 0.76 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Robert Edward Jr. Moritz purchased 5,446 shares of the business’s stock in a transaction on Wednesday, November 27th. The stock was purchased at an average cost of $91.81 per share, with a total value of $499,997.26. Following the completion of the acquisition, the director now owns 7,805 shares in the company, valued at approximately $716,577.05. This trade represents a 230.86 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last ninety days, insiders have sold 137,177 shares of company stock valued at $12,649,328. 45.58% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

WMT has been the subject of several recent research reports. Jefferies Financial Group boosted their target price on shares of Walmart from $105.00 to $111.00 and gave the stock a “buy” rating in a research report on Tuesday, December 17th. KeyCorp boosted their price objective on Walmart from $96.00 to $100.00 and gave the stock an “overweight” rating in a report on Wednesday, December 11th. Royal Bank of Canada restated an “outperform” rating and issued a $105.00 target price on shares of Walmart in a report on Wednesday, January 15th. StockNews.com downgraded Walmart from a “strong-buy” rating to a “buy” rating in a report on Wednesday, November 20th. Finally, UBS Group increased their price target on Walmart from $100.00 to $113.00 and gave the company a “buy” rating in a research report on Friday. Two equities research analysts have rated the stock with a hold rating, twenty-nine have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Walmart presently has a consensus rating of “Moderate Buy” and an average target price of $95.11.

Walmart Stock Down 0.7 %

Walmart stock opened at $97.97 on Monday. The firm has a 50 day simple moving average of $93.07 and a 200 day simple moving average of $83.19. The company has a current ratio of 0.85, a quick ratio of 0.23 and a debt-to-equity ratio of 0.42. Walmart Inc. has a 1-year low of $55.04 and a 1-year high of $99.00. The firm has a market capitalization of $787.00 billion, a price-to-earnings ratio of 40.20, a P/E/G ratio of 4.46 and a beta of 0.55.

Walmart (NYSE:WMT) last announced 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. Walmart had a return on equity of 21.78% and a net margin of 2.92%. The company had revenue of $169.59 billion during the quarter, compared to analysts’ expectations of $167.69 billion. During the same period in the previous year, the business earned $0.51 earnings per share. The firm’s quarterly revenue was up 5.5% compared to the same quarter last year. On average, analysts predict that Walmart Inc. will post 2.48 earnings per share for the current year.

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.