Strategic Investment Advisors MI Sells 211 Shares of Walmart Inc. (NYSE:WMT)

Strategic Investment Advisors MI lowered its holdings in Walmart Inc. (NYSE:WMT) by 1.9% during the fourth quarter, HoldingsChannel.com reports. The fund owned 10,718 shares of the retailer’s stock after selling 211 shares during the period. Strategic Investment Advisors MI’s holdings in Walmart were worth $968,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in WMT. Jennison Associates LLC grew its stake in Walmart by 479.6% during the third quarter. Jennison Associates LLC now owns 18,479,259 shares of the retailer’s stock worth $1,492,200,000 after buying an additional 15,290,936 shares during the last quarter. FMR LLC grew its stake in Walmart by 12.9% during the third quarter. FMR LLC now owns 63,135,639 shares of the retailer’s stock worth $5,098,203,000 after buying an additional 7,200,004 shares during the last quarter. International Assets Investment Management LLC grew its stake in Walmart by 8,814.4% during the third quarter. International Assets Investment Management LLC now owns 6,963,218 shares of the retailer’s stock worth $562,280,000 after buying an additional 6,885,106 shares during the last quarter. Geode Capital Management LLC grew its stake in Walmart by 3.3% during the third quarter. Geode Capital Management LLC now owns 87,617,409 shares of the retailer’s stock worth $7,048,465,000 after buying an additional 2,786,061 shares during the last quarter. Finally, Fisher Asset Management LLC grew its stake in Walmart by 4.6% during the third quarter. Fisher Asset Management LLC now owns 47,659,844 shares of the retailer’s stock worth $3,848,533,000 after buying an additional 2,107,197 shares during the last quarter. Institutional investors own 26.76% of the company’s stock.

Analyst Ratings Changes

Several analysts have weighed in on WMT shares. Piper Sandler upped their price objective 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. BMO Capital Markets increased their price target on shares of Walmart from $80.00 to $100.00 and gave the company an “outperform” rating in a research note on Monday, November 18th. Telsey Advisory Group increased their price target on shares of Walmart from $92.00 to $100.00 and gave the company an “outperform” rating in a research note on Tuesday, November 19th. DZ Bank cut shares of Walmart from a “buy” rating to a “hold” rating and set a $91.00 price target on the stock. in a research note on Thursday, November 21st. Finally, Roth Mkm increased their price target on shares of Walmart from $81.00 to $97.00 and gave the company a “buy” rating in a research note on Wednesday, November 20th. Two equities research analysts have rated the stock with a hold rating, twenty-nine have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $94.69.

Insider Transactions at Walmart

In related news, CEO C Douglas Mcmillon sold 29,124 shares of the firm’s stock in a transaction 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 of the company’s stock, valued at approximately $348,825,769.20. This trade represents a 0.76 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Daniel J. Bartlett sold 1,830 shares of the firm’s stock in a transaction on Wednesday, January 15th. The shares were sold at an average price of $91.07, for a total transaction of $166,658.10. Following the completion of the transaction, the executive vice president now directly owns 460,705 shares of the company’s stock, valued at approximately $41,956,404.35. This trade represents a 0.40 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 140,177 shares of company stock valued at $12,895,688 over the last quarter. Corporate insiders own 45.58% of the company’s stock.

Walmart Stock Down 0.0 %

Shares of WMT stock opened at $97.36 on Wednesday. The firm has a fifty day moving average of $92.29 and a 200-day moving average of $82.49. 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 $54.51 and a 12-month high of $97.84. The company has a market capitalization of $782.16 billion, a price-to-earnings ratio of 39.96, a P/E/G ratio of 4.42 and a beta of 0.55.

Walmart (NYSE:WMT) last issued its quarterly earnings data on Tuesday, November 19th. The retailer reported $0.58 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.53 by $0.05. Walmart had a net margin of 2.92% and a return on equity of 21.78%. The company had revenue of $169.59 billion during the quarter, compared to the consensus estimate of $167.69 billion. During the same quarter in the prior year, the firm earned $0.51 earnings per share. The firm’s revenue was up 5.5% compared to the same quarter last year. As a group, equities research analysts predict 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.