Walmart Inc. (NYSE:WMT) Shares Sold by ORG Partners LLC

ORG Partners LLC cut its stake in Walmart Inc. (NYSE:WMT) by 4.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 45,064 shares of the retailer’s stock after selling 1,980 shares during the quarter. ORG Partners LLC’s holdings in Walmart were worth $4,072,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of WMT. First International Bank & Trust increased its holdings in shares of Walmart by 18.7% during the 4th quarter. First International Bank & Trust now owns 13,681 shares of the retailer’s stock valued at $1,236,000 after purchasing an additional 2,159 shares in the last quarter. Watts Gwilliam & Co. LLC increased its holdings in Walmart by 24.7% in the fourth quarter. Watts Gwilliam & Co. LLC now owns 24,260 shares of the retailer’s stock valued at $2,203,000 after buying an additional 4,806 shares in the last quarter. Legacy Private Trust Co. increased its holdings in Walmart by 3.0% in the fourth quarter. Legacy Private Trust Co. now owns 127,329 shares of the retailer’s stock valued at $11,504,000 after buying an additional 3,741 shares in the last quarter. Douglas Lane & Associates LLC raised its position in shares of Walmart by 3.8% in the fourth quarter. Douglas Lane & Associates LLC now owns 23,611 shares of the retailer’s stock worth $2,133,000 after acquiring an additional 856 shares during the period. Finally, InvesTrust purchased a new stake in shares of Walmart during the 4th quarter worth about $1,240,000. Hedge funds and other institutional investors own 26.76% of the company’s stock.

Walmart Trading Up 1.2 %

Shares of NYSE WMT traded up $1.14 during mid-day trading on Friday, reaching $92.94. 4,854,679 shares of the company’s stock were exchanged, compared to its average volume of 11,493,839. The company’s 50-day moving average is $90.16 and its 200-day moving average is $80.29. Walmart Inc. has a 52-week low of $53.39 and a 52-week high of $96.18. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.23 and a current ratio of 0.85. The firm has a market capitalization of $746.62 billion, a price-to-earnings ratio of 38.14, a PEG ratio of 4.47 and a beta of 0.55.

Walmart (NYSE:WMT) last released its quarterly earnings results on Tuesday, November 19th. The retailer reported $0.58 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.53 by $0.05. The business had revenue of $169.59 billion for the quarter, compared to the consensus estimate of $167.69 billion. Walmart had a net margin of 2.92% and a return on equity of 21.78%. The business’s revenue was up 5.5% on a year-over-year basis. During the same period in the previous year, the firm earned $0.51 EPS. Analysts expect that Walmart Inc. will post 2.47 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, EVP John R. Furner sold 13,125 shares of the stock in a transaction dated Thursday, December 26th. The shares were sold at an average price of $92.60, for a total transaction of $1,215,375.00. Following the sale, the executive vice president now owns 566,794 shares of the company’s stock, valued at approximately $52,485,124.40. This represents a 2.26 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP John D. Rainey sold 3,000 shares of Walmart stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $92.47, for a total transaction of $277,410.00. Following the completion of the transaction, the executive vice president now owns 375,165 shares of the company’s stock, valued at $34,691,507.55. This trade represents a 0.79 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 140,412 shares of company stock worth $12,478,116 over the last ninety days. Corporate insiders own 45.58% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on WMT. Piper Sandler increased their price target on Walmart from $83.00 to $93.00 and gave the stock an “overweight” rating in a research report on Monday, November 18th. Truist Financial boosted their price target on shares of Walmart from $89.00 to $98.00 and gave the stock a “buy” rating in a report on Wednesday, November 20th. Oppenheimer boosted their target price on shares of Walmart from $81.00 to $90.00 and gave the stock an “outperform” rating in a research note on Monday, October 14th. Sanford C. Bernstein raised their price target on shares of Walmart from $98.00 to $102.00 and gave the company an “outperform” rating in a research note on Wednesday, November 20th. Finally, 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. Two 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. According to MarketBeat, Walmart presently has an average rating of “Moderate Buy” and an average target price of $94.08.

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.