Mcdonald Partners LLC Reduces Stock Position in Walmart Inc. (NYSE:WMT)

Mcdonald Partners LLC trimmed its position in Walmart Inc. (NYSE:WMT) by 1.0% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 31,017 shares of the retailer’s stock after selling 329 shares during the quarter. Mcdonald Partners LLC’s holdings in Walmart were worth $2,802,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also made changes to their positions in WMT. Swedbank AB increased its holdings in shares of Walmart by 0.4% in the 3rd quarter. Swedbank AB now owns 5,345,293 shares of the retailer’s stock valued at $431,632,000 after acquiring an additional 18,644 shares during the last quarter. Koss Olinger Consulting LLC boosted its position in Walmart by 68.3% during the 3rd quarter. Koss Olinger Consulting LLC now owns 5,039 shares of the retailer’s stock valued at $407,000 after purchasing an additional 2,045 shares during the period. Border to Coast Pensions Partnership Ltd boosted its position in Walmart by 11.9% during the 3rd quarter. Border to Coast Pensions Partnership Ltd now owns 923,378 shares of the retailer’s stock valued at $74,345,000 after purchasing an additional 97,928 shares during the period. Retirement Guys Formula LLC boosted its position in Walmart by 3.9% during the 3rd quarter. Retirement Guys Formula LLC now owns 29,928 shares of the retailer’s stock valued at $2,417,000 after purchasing an additional 1,136 shares during the period. Finally, Livelsberger Financial Advisory acquired a new position in Walmart during the 3rd quarter valued at approximately $36,000. 26.76% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts recently issued reports on WMT shares. StockNews.com lowered Walmart from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, November 20th. Evercore ISI boosted their price objective on Walmart from $94.00 to $96.00 and gave the company an “outperform” rating in a research report on Tuesday, December 3rd. Roth Mkm boosted their price objective on Walmart from $81.00 to $97.00 and gave the company a “buy” rating in a research report on Wednesday, November 20th. Bank of America boosted their price target on Walmart from $95.00 to $105.00 and gave the stock a “buy” rating in a research report on Wednesday, November 20th. Finally, Sanford C. Bernstein boosted their price target on Walmart from $98.00 to $102.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 20th. Two 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 stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $101.87.

Insider Transactions at Walmart

In related news, EVP John R. Furner sold 13,125 shares of the company’s stock in a transaction on Wednesday, November 27th. The stock was sold at an average price of $92.00, for a total transaction of $1,207,500.00. Following the transaction, the executive vice president now directly owns 579,915 shares of the company’s stock, valued at approximately $53,352,180. The trade was a 2.21 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Robert Edward Jr. Moritz purchased 5,446 shares of the company’s stock in a transaction that occurred on Wednesday, November 27th. The shares were acquired at an average cost of $91.81 per share, for a total transaction of $499,997.26. Following the completion of the transaction, the director now directly owns 7,805 shares of the company’s stock, valued at $716,577.05. This trade represents a 230.86 % increase in their position. The disclosure for this purchase can be found here. Insiders have sold 175,177 shares of company stock valued at $16,403,728 over the last three months. Company insiders own 45.58% of the company’s stock.

Walmart Stock Down 0.3 %

Shares of Walmart stock opened at $103.73 on Wednesday. The stock’s fifty day moving average is $95.38 and its 200-day moving average is $86.05. The firm has a market capitalization of $833.31 billion, a PE ratio of 42.57, a price-to-earnings-growth ratio of 4.30 and a beta of 0.55. 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 $57.60 and a 12-month high of $105.30.

Walmart (NYSE:WMT) last announced its earnings results on Tuesday, November 19th. The retailer reported $0.58 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.53 by $0.05. The company had revenue of $169.59 billion for 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%. Walmart’s revenue for the quarter was up 5.5% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.51 earnings per share. Equities analysts anticipate that Walmart Inc. will post 2.48 earnings per share for the current 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.