Beech Hill Advisors Inc. Reduces Stock Position in Walmart Inc. (NYSE:WMT)

Beech Hill Advisors Inc. decreased its position in shares of Walmart Inc. (NYSE:WMT) by 3.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 35,452 shares of the retailer’s stock after selling 1,141 shares during the quarter. Beech Hill Advisors Inc.’s holdings in Walmart were worth $3,203,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Garner Asset Management Corp lifted its holdings in shares of Walmart by 10.0% in the second quarter. Garner Asset Management Corp now owns 45,432 shares of the retailer’s stock valued at $3,076,000 after purchasing an additional 4,133 shares in the last quarter. Mittelman Wealth Management purchased a new stake in Walmart in the 2nd quarter valued at approximately $227,000. WCG Wealth Advisors LLC lifted its stake in Walmart by 2.3% in the 2nd quarter. WCG Wealth Advisors LLC now owns 94,503 shares of the retailer’s stock valued at $6,399,000 after buying an additional 2,134 shares in the last quarter. Delaney Dennis R purchased a new position in Walmart during the second quarter worth $200,000. Finally, Austin Asset Management Co Inc raised its holdings in shares of Walmart by 2.4% in the second quarter. Austin Asset Management Co Inc now owns 8,307 shares of the retailer’s stock worth $562,000 after acquiring an additional 195 shares during the last quarter. 26.76% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts recently commented on WMT shares. Robert W. Baird increased their price objective on Walmart from $90.00 to $100.00 and gave the company an “outperform” rating in a research note on Wednesday, November 20th. TD Cowen raised their price target on shares of Walmart from $90.00 to $100.00 and gave the stock a “buy” rating in a research note on Wednesday, November 20th. Truist Financial boosted their price objective on shares of Walmart from $89.00 to $98.00 and gave the company a “buy” rating in a research report on Wednesday, November 20th. Morgan Stanley raised their target price on shares of Walmart from $89.00 to $100.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 20th. Finally, Piper Sandler lifted their target price on shares of Walmart from $83.00 to $93.00 and gave the stock an “overweight” rating in a research note on Monday, November 18th. Two equities research 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’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $94.49.

Walmart Trading Down 0.0 %

Shares of WMT opened at $91.33 on Friday. Walmart Inc. has a 12 month low of $53.44 and a 12 month high of $96.18. The stock’s 50-day moving average is $90.86 and its two-hundred day moving average is $81.03. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.85 and a quick ratio of 0.23. The stock has a market cap of $733.70 billion, a PE ratio of 37.48, a P/E/G ratio of 4.41 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, topping 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 firm had revenue of $169.59 billion for the quarter, compared to analyst estimates of $167.69 billion. During the same period in the previous year, the company posted $0.51 EPS. Walmart’s revenue for the quarter was up 5.5% on a year-over-year basis. Equities analysts forecast that Walmart Inc. will post 2.47 earnings per share for the current fiscal year.

Insider Activity

In other Walmart news, Director Robert Edward Jr. Moritz acquired 5,446 shares of the company’s stock in a transaction on Wednesday, November 27th. The shares were bought at an average cost of $91.81 per share, for a total transaction of $499,997.26. Following the acquisition, 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP John D. Rainey sold 3,000 shares of the stock in a transaction that occurred on Friday, November 1st. The shares were sold at an average price of $82.12, for a total value of $246,360.00. Following the transaction, the executive vice president now owns 378,165 shares of the company’s stock, valued at approximately $31,054,909.80. This trade represents a 0.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 138,347 shares of company stock worth $12,311,491. 45.58% of the stock is currently owned by company insiders.

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.