Traction Financial Partners LLC Sells 311 Shares of Walmart Inc. (NYSE:WMT)

Traction Financial Partners LLC lessened its position in shares of Walmart Inc. (NYSE:WMT) by 10.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 2,535 shares of the retailer’s stock after selling 311 shares during the period. Traction Financial Partners LLC’s holdings in Walmart were worth $229,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Fiduciary Advisors Inc. bought a new stake in Walmart during the 4th quarter worth approximately $27,000. Peterson Financial Group Inc. purchased a new position in Walmart in the 3rd quarter worth approximately $26,000. Decker Retirement Planning Inc. purchased a new position in Walmart in the 4th quarter worth approximately $32,000. Voisard Asset Management Group Inc. grew its stake in Walmart by 77.3% in the 3rd quarter. Voisard Asset Management Group Inc. now owns 399 shares of the retailer’s stock worth $32,000 after buying an additional 174 shares in the last quarter. Finally, Livelsberger Financial Advisory purchased a new position in Walmart in the 3rd quarter worth approximately $36,000. Institutional investors own 26.76% of the company’s stock.

Walmart Stock Down 0.3 %

Shares of NYSE WMT opened at $103.73 on Wednesday. The company has a current ratio of 0.85, a quick ratio of 0.23 and a debt-to-equity ratio of 0.42. Walmart Inc. has a 12 month low of $57.60 and a 12 month high of $105.30. The firm has a market capitalization of $833.31 billion, a PE ratio of 42.57, a price-to-earnings-growth ratio of 4.30 and a beta of 0.55. The firm has a fifty day simple moving average of $95.38 and a two-hundred day simple moving average of $86.05.

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

Wall Street Analyst Weigh In

WMT has been the subject of a number of research reports. Wells Fargo & Company boosted their price target on shares of Walmart from $100.00 to $108.00 and gave the stock an “overweight” rating in a research note on Monday, February 3rd. Guggenheim boosted 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. StockNews.com cut shares of Walmart from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, November 20th. Citigroup upped their price objective on shares of Walmart from $98.00 to $120.00 and gave the company a “buy” rating in a research note on Tuesday, February 11th. Finally, UBS Group upped their price objective on shares of Walmart from $100.00 to $113.00 and gave the company a “buy” rating in a research note on Friday, January 31st. Two investment 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’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $101.87.

Insiders Place Their Bets

In related news, EVP Daniel J. Bartlett sold 1,830 shares of the stock in a transaction dated Wednesday, January 15th. The shares were sold at an average price of $91.07, for a total value of $166,658.10. Following the completion of the transaction, the executive vice president now directly owns 460,705 shares in the company, valued at $41,956,404.35. This trade represents a 0.40 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO C Douglas Mcmillon sold 29,124 shares of the stock in a transaction dated 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 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 disclosure for this sale can be found here. In the last ninety days, insiders sold 175,177 shares of company stock worth $16,403,728. 45.58% of the stock is currently owned by corporate 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.