Osborne Partners Capital Management LLC Trims Stock Position in Walmart Inc. (NYSE:WMT)

Osborne Partners Capital Management LLC reduced its position in Walmart Inc. (NYSE:WMT) by 0.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 150,504 shares of the retailer’s stock after selling 375 shares during the quarter. Osborne Partners Capital Management LLC’s holdings in Walmart were worth $13,598,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also made changes to their positions in the business. Peterson Financial Group Inc. purchased a new stake in Walmart during the 3rd quarter worth approximately $26,000. Fiduciary Advisors Inc. bought a new stake in shares of Walmart during the 4th quarter valued at about $27,000. Voisard Asset Management Group Inc. increased its position in Walmart by 77.3% in the third quarter. Voisard Asset Management Group Inc. now owns 399 shares of the retailer’s stock worth $32,000 after buying an additional 174 shares during the period. Decker Retirement Planning Inc. acquired a new stake in shares of Walmart in the fourth quarter valued at approximately $32,000. Finally, Hoese & Co LLP acquired a new position in shares of Walmart during the third quarter valued at $33,000. Hedge funds and other institutional investors own 26.76% of the company’s stock.

Insider Activity

In other news, CEO C Douglas Mcmillon sold 29,124 shares of the firm’s stock in a transaction on Thursday, January 23rd. The stock was sold at an average price of $92.62, for a total value of $2,697,464.88. Following the transaction, the chief executive officer now directly owns 3,766,491 shares in the company, valued at $348,852,396.42. This trade represents a 0.77 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Robert Edward Jr. Moritz purchased 5,446 shares of the stock in a transaction dated Wednesday, November 27th. The stock was bought at an average cost of $91.81 per share, with a total value of $499,997.26. Following the completion of the purchase, the director now owns 7,805 shares in the company, valued at $716,577.05. The trade was a 230.86 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last ninety days, insiders sold 137,177 shares of company stock valued at $12,649,328. Company insiders own 45.58% of the company’s stock.

Walmart Trading Up 1.5 %

Shares of Walmart stock opened at $99.60 on Tuesday. The stock has a market capitalization of $800.13 billion, a P/E ratio of 40.88, a price-to-earnings-growth ratio of 4.49 and a beta of 0.55. The company has a 50-day simple moving average of $93.07 and a 200 day simple moving average of $83.27. 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 Inc. has a 12-month low of $55.85 and a 12-month high of $99.79.

Walmart (NYSE:WMT) last announced its earnings results on Tuesday, November 19th. The retailer reported $0.58 earnings per share for the quarter, beating analysts’ consensus estimates of $0.53 by $0.05. The company had revenue of $169.59 billion during the quarter, compared to analyst estimates of $167.69 billion. Walmart had a return on equity of 21.78% and a net margin of 2.92%. The firm’s quarterly revenue was up 5.5% compared to the same quarter last year. During the same period last year, the company posted $0.51 earnings per share. Research analysts expect 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 recently issued reports on WMT. Jefferies Financial Group lifted their target price on Walmart from $105.00 to $111.00 and gave the stock a “buy” rating in a report on Tuesday, December 17th. Barclays upped their price objective on shares of Walmart from $90.00 to $98.00 and gave the company an “overweight” rating in a research note on Thursday, January 9th. BMO Capital Markets raised their price target on Walmart from $80.00 to $100.00 and gave the stock an “outperform” rating in a research note on Monday, November 18th. Oppenheimer boosted their price target on Walmart from $81.00 to $90.00 and gave the stock an “outperform” rating in a research report on Monday, October 14th. Finally, Sanford C. Bernstein boosted their price objective on shares of Walmart from $98.00 to $102.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 20th. Two investment analysts have rated the stock with a hold rating, twenty-nine have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $95.37.

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.