Walmart Inc. (NYSE:WMT) Stock Position Decreased by Kornitzer Capital Management Inc. KS

Kornitzer Capital Management Inc. KS trimmed its position in Walmart Inc. (NYSE:WMT) by 1.1% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 541,634 shares of the retailer’s stock after selling 6,086 shares during the period. Walmart comprises approximately 1.0% of Kornitzer Capital Management Inc. KS’s holdings, making the stock its 23rd largest holding. Kornitzer Capital Management Inc. KS’s holdings in Walmart were worth $48,937,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Venturi Wealth Management LLC grew its stake in Walmart by 12.9% during the 4th quarter. Venturi Wealth Management LLC now owns 251,436 shares of the retailer’s stock valued at $22,717,000 after acquiring an additional 28,801 shares in the last quarter. Fortis Group Advisors LLC grew its stake in Walmart by 4.8% in the fourth quarter. Fortis Group Advisors LLC now owns 33,237 shares of the retailer’s stock valued at $3,003,000 after purchasing an additional 1,516 shares in the last quarter. D.A. Davidson & CO. increased its holdings in Walmart by 3.8% in the fourth quarter. D.A. Davidson & CO. now owns 370,555 shares of the retailer’s stock worth $33,480,000 after buying an additional 13,488 shares during the last quarter. Citizens & Northern Corp raised its holdings in shares of Walmart by 71.6% during the 4th quarter. Citizens & Northern Corp now owns 4,613 shares of the retailer’s stock valued at $417,000 after purchasing an additional 1,925 shares in the last quarter. Finally, Wealth Quarterback LLC raised its holdings in Walmart by 1.3% during the fourth quarter. Wealth Quarterback LLC now owns 19,747 shares of the retailer’s stock valued at $1,784,000 after buying an additional 258 shares in the last quarter. 26.76% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the stock. Tigress Financial upped their price objective on shares of Walmart from $86.00 to $115.00 and gave the stock a “buy” rating in a report on Friday, December 13th. DZ Bank cut Walmart from a “buy” rating to a “hold” rating and set a $91.00 target price for the company. in a research report on Thursday, November 21st. Wells Fargo & Company upped their price objective on Walmart from $100.00 to $108.00 and gave the company an “overweight” rating in a research note on Monday, February 3rd. StockNews.com cut shares of Walmart from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, November 20th. Finally, BMO Capital Markets lifted their price objective on Walmart from $80.00 to $100.00 and gave the company an “outperform” rating in a research report on Monday, November 18th. 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. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $100.53.

Walmart Stock Performance

WMT stock opened at $104.04 on Tuesday. The company has a current ratio of 0.85, a quick ratio of 0.23 and a debt-to-equity ratio of 0.42. The firm has a market cap of $835.78 billion, a PE ratio of 42.70, a P/E/G ratio of 4.25 and a beta of 0.55. The business’s 50-day moving average price is $94.99 and its two-hundred day moving average price is $85.56. Walmart Inc. has a 1-year low of $55.99 and a 1-year high of $105.30.

Walmart (NYSE:WMT) last posted its quarterly earnings data 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. Walmart had a return on equity of 21.78% and a net margin of 2.92%. The business had revenue of $169.59 billion during the quarter, compared to the consensus estimate of $167.69 billion. Walmart’s quarterly revenue was up 5.5% on a year-over-year basis. During the same period last year, the company earned $0.51 earnings per share. As a group, research analysts forecast that Walmart Inc. will post 2.48 earnings per share for the current year.

Insider Buying and Selling

In other Walmart news, CEO C Douglas Mcmillon sold 29,124 shares of the firm’s 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 sale, the chief executive officer now owns 3,814,805 shares of the company’s stock, valued at $348,825,769.20. This trade represents a 0.76 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Daniel J. Bartlett sold 1,830 shares of the company’s stock in a transaction dated 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 owns 460,705 shares in the company, 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. Over the last 90 days, insiders sold 175,177 shares of company stock worth $16,403,728. 45.58% of the stock is owned by insiders.

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.