Gradient Capital Advisors LLC Sells 124 Shares of Walmart Inc. (NYSE:WMT)

Gradient Capital Advisors LLC reduced its position in shares of Walmart Inc. (NYSE:WMT) by 4.5% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 2,651 shares of the retailer’s stock after selling 124 shares during the period. Gradient Capital Advisors LLC’s holdings in Walmart were worth $240,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the company. SC&H Financial Advisors Inc. lifted its holdings in Walmart by 1.0% during the 4th quarter. SC&H Financial Advisors Inc. now owns 10,232 shares of the retailer’s stock valued at $924,000 after purchasing an additional 103 shares during the last quarter. Dakota Community Bank & Trust NA lifted its holdings in Walmart by 4.0% during the 4th quarter. Dakota Community Bank & Trust NA now owns 2,879 shares of the retailer’s stock valued at $260,000 after purchasing an additional 110 shares during the last quarter. Hobart Private Capital LLC lifted its holdings in Walmart by 1.6% during the 4th quarter. Hobart Private Capital LLC now owns 6,926 shares of the retailer’s stock valued at $626,000 after purchasing an additional 111 shares during the last quarter. Kozak & Associates Inc. lifted its holdings in 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. Finally, Summit Financial Wealth Advisors LLC lifted its holdings in 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. 26.76% of the stock is owned by institutional investors.

Walmart Stock Up 1.1 %

Walmart stock opened at $103.62 on Thursday. The company’s 50 day simple moving average is $94.45 and its 200 day simple moving average is $84.82. Walmart Inc. has a fifty-two week low of $55.85 and a fifty-two week high of $103.90. The firm has a market capitalization of $832.42 billion, a price-to-earnings ratio of 42.53, a PEG ratio of 4.25 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 released its quarterly earnings data on Tuesday, November 19th. The retailer reported $0.58 earnings per share 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 business had revenue of $169.59 billion for the quarter, compared to analyst estimates of $167.69 billion. During the same quarter last year, the firm earned $0.51 EPS. Walmart’s quarterly revenue was up 5.5% compared to the same quarter last year. As a group, sell-side analysts anticipate that Walmart Inc. will post 2.48 EPS for the current year.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on WMT shares. Truist Financial raised their price objective on shares of Walmart from $98.00 to $111.00 and gave the company a “buy” rating in a research report on Tuesday. Roth Mkm raised their price objective on shares of Walmart from $81.00 to $97.00 and gave the company a “buy” rating in a research report on Wednesday, November 20th. Guggenheim raised their price objective on shares of Walmart from $90.00 to $100.00 and gave the company a “buy” rating in a research report on Wednesday, November 20th. Oppenheimer raised their price objective on shares of Walmart from $100.00 to $110.00 and gave the company an “outperform” rating in a research report on Wednesday, February 5th. Finally, Bank of America raised their price objective on shares of Walmart from $95.00 to $105.00 and gave the company a “buy” rating in a research report on Wednesday, November 20th. Two equities research 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. Based on data from MarketBeat, Walmart presently has a consensus rating of “Moderate Buy” and an average target price of $98.56.

Insider Buying and Selling at Walmart

In other Walmart news, CEO C Douglas Mcmillon sold 29,124 shares of Walmart stock in a transaction that occurred 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 transaction, the chief executive officer now owns 3,814,805 shares of the company’s stock, valued at approximately $348,825,769.20. The trade was a 0.76 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, SVP David Chojnowski sold 5,600 shares of Walmart stock in a transaction that occurred on Wednesday, November 27th. The shares were sold at an average price of $91.45, for a total transaction of $512,120.00. Following the completion of the transaction, the senior vice president now directly owns 87,404 shares in the company, valued at approximately $7,993,095.80. The trade was a 6.02 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 175,177 shares of company stock valued at $16,403,728. 45.58% of the stock is currently owned by corporate insiders.

Walmart Company 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.