Walmart Inc. (NYSE:WMT) Shares Sold by Lynch & Associates IN

Lynch & Associates IN reduced its position in Walmart Inc. (NYSE:WMT) by 1.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 207,411 shares of the retailer’s stock after selling 3,850 shares during the quarter. Walmart makes up approximately 4.1% of Lynch & Associates IN’s portfolio, making the stock its 3rd biggest position. Lynch & Associates IN’s holdings in Walmart were worth $18,740,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the company. Brophy Wealth Management LLC purchased a new position in shares of Walmart during the 3rd quarter worth approximately $2,072,000. Bank of New Hampshire grew its stake in Walmart by 13.7% during the fourth quarter. Bank of New Hampshire now owns 47,949 shares of the retailer’s stock worth $4,332,000 after buying an additional 5,786 shares during the period. Iowa State Bank grew its stake in shares of Walmart by 213.8% during the fourth quarter. Iowa State Bank now owns 26,807 shares of the retailer’s stock valued at $2,422,000 after acquiring an additional 18,263 shares in the last quarter. Fisher Asset Management LLC grew its position in shares of Walmart by 4.6% in the 3rd quarter. Fisher Asset Management LLC now owns 47,659,844 shares of the retailer’s stock worth $3,848,533,000 after acquiring an additional 2,107,197 shares in the last quarter. Finally, Virtu Financial LLC acquired a new stake in shares of Walmart in the 3rd quarter worth about $541,000. 26.76% of the stock is currently owned by hedge funds and other institutional investors.

Walmart Price Performance

Shares of NYSE WMT traded up $1.23 during midday trading on Friday, hitting $93.03. The company had a trading volume of 18,011,925 shares, compared to its average volume of 13,793,515. The company has a quick ratio of 0.23, a current ratio of 0.85 and a debt-to-equity ratio of 0.42. Walmart Inc. has a twelve month low of $53.39 and a twelve month high of $96.18. The firm has a market capitalization of $747.35 billion, a price-to-earnings ratio of 38.18, a price-to-earnings-growth ratio of 4.47 and a beta of 0.55. The business has a 50-day simple moving average of $90.16 and a two-hundred day simple moving average of $80.29.

Walmart (NYSE:WMT) last released its quarterly 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. Walmart had a return on equity of 21.78% and a net margin of 2.92%. The firm had revenue of $169.59 billion during the quarter, compared to analysts’ expectations of $167.69 billion. During the same quarter in the prior year, the business earned $0.51 EPS. Walmart’s quarterly revenue was up 5.5% compared to the same quarter last year. Equities research analysts anticipate that Walmart Inc. will post 2.47 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on WMT shares. Piper Sandler increased their price target on Walmart from $83.00 to $93.00 and gave the company an “overweight” rating in a research report on Monday, November 18th. BMO Capital Markets upped their price objective on shares of Walmart from $80.00 to $100.00 and gave the stock an “outperform” rating in a report on Monday, November 18th. Barclays boosted their price objective on shares of Walmart from $90.00 to $98.00 and gave the stock an “overweight” rating in a report on Thursday. Guggenheim raised 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. Finally, Redburn Atlantic raised shares of Walmart to a “strong-buy” rating in a report on Monday, September 23rd. Two analysts have rated the stock with a hold rating, twenty-nine have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Walmart currently has a consensus rating of “Moderate Buy” and a consensus target price of $94.08.

Insider Buying and Selling at Walmart

In related news, CEO C Douglas Mcmillon sold 29,124 shares of the stock in a transaction that occurred on Thursday, October 24th. The shares were sold at an average price of $82.79, for a total value of $2,411,175.96. Following the sale, the chief executive officer now directly owns 3,843,929 shares in the company, valued at $318,238,881.91. This trade represents a 0.75 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP John R. Furner sold 13,125 shares of Walmart stock in a transaction that occurred on Thursday, December 26th. The shares were sold at an average price of $92.60, for a total value of $1,215,375.00. Following the completion of the sale, the executive vice president now directly owns 566,794 shares in the company, valued at approximately $52,485,124.40. This represents a 2.26 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 140,412 shares of company stock valued at $12,478,116. 45.58% of the stock is currently owned by corporate 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.