Abner Herrman & Brock LLC Sells 119 Shares of Walmart Inc. (NYSE:WMT)

Abner Herrman & Brock LLC decreased its position in Walmart Inc. (NYSE:WMT) by 0.1% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 206,336 shares of the retailer’s stock after selling 119 shares during the quarter. Walmart accounts for 2.3% of Abner Herrman & Brock LLC’s portfolio, making the stock its 20th biggest holding. Abner Herrman & Brock LLC’s holdings in Walmart were worth $18,642,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the company. Dakota Community Bank & Trust NA increased its stake in Walmart by 4.0% in the 4th quarter. Dakota Community Bank & Trust NA now owns 2,879 shares of the retailer’s stock worth $260,000 after acquiring an additional 110 shares during the last quarter. Kozak & Associates Inc. increased its position in shares of Walmart by 22.3% during the 4th quarter. Kozak & Associates Inc. now owns 619 shares of the retailer’s stock valued at $56,000 after purchasing an additional 113 shares during the last quarter. Summit Financial Wealth Advisors LLC increased its position in shares of Walmart by 0.5% during the 3rd quarter. Summit Financial Wealth Advisors LLC now owns 23,720 shares of the retailer’s stock valued at $1,915,000 after purchasing an additional 118 shares during the last quarter. Hanson & Doremus Investment Management increased its position in shares of Walmart by 1.0% during 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 during the last quarter. Finally, Lowe Wealth Advisors LLC increased its position in shares of Walmart by 13.5% during 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 during the last quarter. Institutional investors own 26.76% of the company’s stock.

Insider Activity

In other news, EVP John R. Furner sold 13,125 shares of the company’s stock in a transaction dated 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 sale, the executive vice president now owns 579,915 shares in the company, valued at $53,352,180. This represents a 2.21 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO C Douglas Mcmillon sold 29,124 shares of the company’s 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 sale, the chief executive officer now owns 3,814,805 shares in the company, valued at $348,825,769.20. The trade was 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.

Walmart Trading Up 1.4 %

Shares of NYSE:WMT opened at $100.92 on Wednesday. The business’s 50-day moving average is $93.27 and its 200 day moving average is $83.48. Walmart Inc. has a 1 year low of $55.85 and a 1 year high of $100.95. The firm has a market capitalization of $810.71 billion, a P/E ratio of 41.42, a P/E/G ratio of 4.49 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.

Walmart (NYSE:WMT) last announced its earnings results on Tuesday, November 19th. The retailer reported $0.58 earnings per share (EPS) 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 for the quarter, compared to analyst estimates of $167.69 billion. During the same period in the prior year, the company posted $0.51 EPS. The firm’s quarterly revenue was up 5.5% compared to the same quarter last year. On average, research analysts predict that Walmart Inc. will post 2.48 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on WMT shares. Bank of America boosted their target price on Walmart from $95.00 to $105.00 and gave the company a “buy” rating in a research report on Wednesday, November 20th. BMO Capital Markets boosted their target price on Walmart from $80.00 to $100.00 and gave the company an “outperform” rating in a research report on Monday, November 18th. StockNews.com cut Walmart from a “strong-buy” rating to a “buy” rating in a report on Wednesday, November 20th. Morgan Stanley boosted their price objective on Walmart from $100.00 to $106.00 and gave the company an “overweight” rating in a report on Tuesday, January 21st. Finally, KeyCorp boosted their price objective on Walmart from $96.00 to $100.00 and gave the company an “overweight” rating in a report on Wednesday, December 11th. Two analysts have rated the stock with a hold rating, twenty-nine have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $95.37.

Walmart 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.