Etesian Wealth Advisors Inc. Lowers Holdings in Walmart Inc. (NYSE:WMT)

Etesian Wealth Advisors Inc. trimmed its position in shares of Walmart Inc. (NYSE:WMT) by 4.2% during the 4th quarter, HoldingsChannel.com reports. The firm owned 32,502 shares of the retailer’s stock after selling 1,408 shares during the period. Walmart makes up about 1.3% of Etesian Wealth Advisors Inc.’s holdings, making the stock its 20th biggest holding. Etesian Wealth Advisors Inc.’s holdings in Walmart were worth $2,937,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of WMT. Peterson Financial Group Inc. bought a new stake in shares of Walmart during the third quarter valued at approximately $26,000. Fiduciary Advisors Inc. bought a new stake in shares of Walmart in the 4th quarter worth $27,000. Voisard Asset Management Group Inc. raised its stake in shares of 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 purchasing an additional 174 shares during the last quarter. Decker Retirement Planning Inc. bought a new position in shares of Walmart during the fourth quarter valued at $32,000. Finally, Hoese & Co LLP purchased a new stake in shares of Walmart during the third quarter valued at $33,000. 26.76% of the stock is currently owned by institutional investors.

Walmart Price Performance

WMT stock opened at $101.17 on Friday. 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’s fifty day moving average price is $93.89 and its 200-day moving average price is $83.95. Walmart Inc. has a one year low of $55.85 and a one year high of $103.11. The company has a market capitalization of $812.73 billion, a PE ratio of 41.52, a price-to-earnings-growth ratio of 4.49 and a beta of 0.55.

Walmart (NYSE:WMT) last announced its quarterly earnings results on Tuesday, November 19th. The retailer reported $0.58 EPS for the quarter, topping the consensus estimate of $0.53 by $0.05. The business had revenue of $169.59 billion for the quarter, compared to analysts’ expectations of $167.69 billion. Walmart had a net margin of 2.92% and a return on equity of 21.78%. The business’s quarterly revenue was up 5.5% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.51 EPS. On average, equities analysts anticipate that Walmart Inc. will post 2.48 EPS for the current fiscal year.

Insider Activity at Walmart

In related news, EVP John D. Rainey sold 38,000 shares of the company’s stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $98.80, for a total transaction of $3,754,400.00. Following the sale, the executive vice president now owns 257,281 shares of the company’s stock, valued at $25,419,362.80. This represents a 12.87 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO C Douglas Mcmillon sold 29,124 shares of Walmart stock in a transaction on Wednesday, November 27th. The stock was sold at an average price of $91.44, for a total transaction of $2,663,098.56. Following the completion of the transaction, the chief executive officer now directly owns 3,814,805 shares of the company’s stock, valued at $348,825,769.20. The trade was a 0.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 175,177 shares of company stock valued at $16,403,728. Insiders own 45.58% of the company’s stock.

Analyst Upgrades and Downgrades

WMT has been the topic of several research analyst reports. Piper Sandler upped their target price on shares of Walmart from $83.00 to $93.00 and gave the company an “overweight” rating in a research note on Monday, November 18th. Evercore ISI increased their price objective on shares of Walmart from $94.00 to $96.00 and gave the company an “outperform” rating in a research report on Tuesday, December 3rd. StockNews.com downgraded shares of Walmart from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, November 20th. Tigress Financial increased their price target on Walmart from $86.00 to $115.00 and gave the company a “buy” rating in a report on Friday, December 13th. Finally, Robert W. Baird lifted their price objective on Walmart from $90.00 to $100.00 and gave the stock an “outperform” rating in a report on Wednesday, November 20th. Two analysts have rated the stock with a hold rating, twenty-nine have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $96.01.

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.