Valley National Advisers Inc. Sells 193 Shares of Walmart Inc. (NYSE:WMT)

Valley National Advisers Inc. cut its position in Walmart Inc. (NYSE:WMT) by 1.6% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 11,663 shares of the retailer’s stock after selling 193 shares during the quarter. Valley National Advisers Inc.’s holdings in Walmart were worth $1,053,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Dakota Community Bank & Trust NA raised its position in shares of Walmart by 4.0% in the fourth quarter. Dakota Community Bank & Trust NA now owns 2,879 shares of the retailer’s stock valued at $260,000 after purchasing an additional 110 shares during the period. Kozak & Associates Inc. grew its stake in Walmart by 22.3% during the fourth quarter. Kozak & Associates Inc. now owns 619 shares of the retailer’s stock worth $56,000 after buying an additional 113 shares in the last quarter. Summit Financial Wealth Advisors LLC grew its stake in Walmart by 0.5% during the third quarter. Summit Financial Wealth Advisors LLC now owns 23,720 shares of the retailer’s stock worth $1,915,000 after buying an additional 118 shares in the last quarter. Hanson & Doremus Investment Management boosted its stake in shares of Walmart by 1.0% in the 4th quarter. Hanson & Doremus Investment Management now owns 12,609 shares of the retailer’s stock valued at $1,139,000 after purchasing an additional 120 shares in the last quarter. Finally, Lowe Wealth Advisors LLC boosted its stake in shares of Walmart by 13.5% in the 4th quarter. Lowe Wealth Advisors LLC now owns 1,018 shares of the retailer’s stock valued at $92,000 after purchasing an additional 121 shares in the last quarter. 26.76% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, EVP John R. Furner sold 13,125 shares of the firm’s stock in a transaction that occurred on Wednesday, November 27th. The stock was sold at an average price of $92.00, for a total value of $1,207,500.00. Following the transaction, the executive vice president now owns 579,915 shares in the company, valued at $53,352,180. This trade represents a 2.21 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO C Douglas Mcmillon sold 29,124 shares of the firm’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 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 disclosure for this sale can be found here. Over the last three months, insiders have sold 137,177 shares of company stock valued at $12,649,328. Company insiders own 45.58% of the company’s stock.

Analyst Upgrades and Downgrades

WMT has been the subject of several analyst reports. Piper Sandler raised their price target on shares of Walmart from $83.00 to $93.00 and gave the stock an “overweight” rating in a report on Monday, November 18th. UBS Group lifted their price target on shares of Walmart from $100.00 to $113.00 and gave the company a “buy” rating in a research report on Friday. DZ Bank downgraded shares of Walmart from a “buy” rating to a “hold” rating and set a $91.00 price target for the company. in a research report on Thursday, November 21st. Barclays increased their price target on shares of Walmart from $90.00 to $98.00 and gave the company an “overweight” rating in a research report on Thursday, January 9th. Finally, StockNews.com downgraded shares of Walmart from a “strong-buy” rating to a “buy” rating in a report on Wednesday, November 20th. Two research analysts have rated the stock with a hold rating, twenty-nine have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $95.37.

Walmart Price Performance

WMT opened at $99.60 on Tuesday. Walmart Inc. has a 12-month low of $55.85 and a 12-month high of $99.79. The company has a current ratio of 0.85, a quick ratio of 0.23 and a debt-to-equity ratio of 0.42. The business’s fifty day simple moving average is $93.07 and its 200-day simple moving average is $83.27. The company has a market capitalization of $800.13 billion, a price-to-earnings ratio of 40.88, a PEG ratio of 4.49 and a beta of 0.55.

Walmart (NYSE:WMT) last released 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. 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 last year, the business posted $0.51 earnings per share. The firm’s revenue was up 5.5% compared to the same quarter last year. On average, equities research analysts anticipate that Walmart Inc. will post 2.48 earnings per share for the current fiscal year.

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.