Banque Pictet & Cie SA Lowers Holdings in Walmart Inc. (NYSE:WMT)

Banque Pictet & Cie SA trimmed its holdings in Walmart Inc. (NYSE:WMT) by 13.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 12,296 shares of the retailer’s stock after selling 1,839 shares during the period. Banque Pictet & Cie SA’s holdings in Walmart were worth $1,111,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also made changes to their positions in the business. SC&H Financial Advisors Inc. lifted its position in shares of Walmart by 1.0% in the fourth quarter. SC&H Financial Advisors Inc. now owns 10,232 shares of the retailer’s stock valued at $924,000 after acquiring an additional 103 shares in the last quarter. Dakota Community Bank & Trust NA lifted its position in shares of Walmart by 4.0% in the fourth quarter. Dakota Community Bank & Trust NA now owns 2,879 shares of the retailer’s stock worth $260,000 after buying an additional 110 shares in the last quarter. Rooted Wealth Advisors Inc. lifted its position in shares of Walmart by 2.6% in the fourth quarter. Rooted Wealth Advisors Inc. now owns 4,344 shares of the retailer’s stock worth $394,000 after buying an additional 110 shares in the last quarter. Hobart Private Capital LLC lifted its position in shares of Walmart by 1.6% in the fourth quarter. Hobart Private Capital LLC now owns 6,926 shares of the retailer’s stock worth $626,000 after buying an additional 111 shares in the last quarter. Finally, Kozak & Associates Inc. lifted its position in shares of Walmart by 22.3% in the fourth quarter. Kozak & Associates Inc. now owns 619 shares of the retailer’s stock worth $56,000 after buying an additional 113 shares in the last quarter. 26.76% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, EVP Daniel J. Bartlett sold 1,830 shares of the stock in a transaction on Wednesday, January 15th. The stock was sold at an average price of $91.07, for a total transaction of $166,658.10. Following the completion of the sale, the executive vice president now owns 460,705 shares in the company, valued at approximately $41,956,404.35. This represents a 0.40 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Robert Edward Jr. Moritz acquired 5,446 shares of the firm’s stock in a transaction dated Wednesday, November 27th. The shares were acquired at an average price of $91.81 per share, with a total value of $499,997.26. Following the acquisition, the director now owns 7,805 shares in the company, valued at approximately $716,577.05. The trade was a 230.86 % increase in their position. The disclosure for this purchase can be found here. In the last quarter, insiders sold 175,177 shares of company stock worth $16,403,728. Insiders own 45.58% of the company’s stock.

Walmart Stock Down 1.0 %

Walmart stock opened at $104.04 on Friday. The business has a fifty day moving average of $94.83 and a two-hundred day moving average of $85.09. The company has a quick ratio of 0.23, a current ratio of 0.85 and a debt-to-equity ratio of 0.42. The firm has a market cap of $835.78 billion, a P/E ratio of 42.70, a P/E/G ratio of 4.25 and a beta of 0.55. Walmart Inc. has a twelve month low of $55.99 and a twelve month high of $105.30.

Walmart (NYSE:WMT) last posted its earnings results on Tuesday, November 19th. The retailer reported $0.58 earnings per share for the quarter, topping analysts’ consensus estimates of $0.53 by $0.05. The company had revenue of $169.59 billion during 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 was up 5.5% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.51 earnings per share. On average, analysts forecast that Walmart Inc. will post 2.48 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

WMT has been the topic of a number of research analyst reports. Wells Fargo & Company boosted their target price on Walmart from $100.00 to $108.00 and gave the stock an “overweight” rating in a research report on Monday, February 3rd. Stifel Nicolaus boosted their target price on Walmart from $89.00 to $94.00 and gave the stock a “hold” rating in a research report on Tuesday, December 10th. Morgan Stanley reiterated an “overweight” rating and issued a $115.00 target price (up from $106.00) on shares of Walmart in a research report on Thursday. Bank of America boosted their price objective on Walmart from $95.00 to $105.00 and gave the stock a “buy” rating in a research note on Wednesday, November 20th. Finally, Robert W. Baird boosted their price objective on Walmart from $90.00 to $100.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 20th. Two investment 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. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $99.17.

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.