AHL Investment Management Inc. lessened its stake in Walmart Inc. (NYSE:WMT – Free Report) by 1.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 22,325 shares of the retailer’s stock after selling 270 shares during the quarter. Walmart makes up approximately 1.4% of AHL Investment Management Inc.’s portfolio, making the stock its 25th biggest holding. AHL Investment Management Inc.’s holdings in Walmart were worth $2,017,000 at the end of the most recent reporting period.
Several other institutional investors have also bought and sold shares of the company. Peterson Financial Group Inc. purchased a new stake in Walmart in the 3rd quarter worth about $26,000. Decker Retirement Planning Inc. purchased a new position in shares of Walmart in the fourth quarter worth about $32,000. Voisard Asset Management Group Inc. raised its position in shares of Walmart by 77.3% in the third quarter. Voisard Asset Management Group Inc. now owns 399 shares of the retailer’s stock valued at $32,000 after purchasing an additional 174 shares during the period. Hoese & Co LLP purchased a new stake in shares of Walmart during the 3rd quarter valued at approximately $33,000. Finally, Livelsberger Financial Advisory bought a new position in Walmart in the 3rd quarter worth approximately $36,000. Hedge funds and other institutional investors own 26.76% of the company’s stock.
Insider Buying and Selling
In other news, Director Robert Edward Jr. Moritz acquired 5,446 shares of the business’s stock in a transaction that occurred on Wednesday, November 27th. The shares were bought at an average cost of $91.81 per share, with a total value of $499,997.26. Following the transaction, the director now owns 7,805 shares of the company’s stock, valued at $716,577.05. This trade represents a 230.86 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Daniel J. Bartlett sold 1,830 shares of Walmart stock in a transaction dated 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 transaction, the executive vice president now directly owns 460,705 shares of the company’s stock, valued at $41,956,404.35. This trade represents a 0.40 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 140,177 shares of company stock worth $12,478,149 in the last 90 days. Insiders own 45.58% of the company’s stock.
Walmart Price Performance
Walmart (NYSE:WMT – Get Free Report) last issued 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 company had revenue of $169.59 billion during the quarter, compared to analysts’ expectations of $167.69 billion. Walmart had a net margin of 2.92% and a return on equity of 21.78%. Walmart’s revenue was up 5.5% on a year-over-year basis. During the same period last year, the company posted $0.51 EPS. Research analysts predict that Walmart Inc. will post 2.47 earnings per share for the current fiscal year.
Wall Street Analyst Weigh In
A number of equities research analysts have issued reports on WMT shares. TD Cowen boosted their target price on shares of Walmart from $90.00 to $100.00 and gave the company a “buy” rating in a report on Wednesday, November 20th. Redburn Atlantic upgraded Walmart to a “strong-buy” rating in a research note on Monday, September 23rd. Sanford C. Bernstein upped their price target on Walmart from $98.00 to $102.00 and gave the company an “outperform” rating in a research report on Wednesday, November 20th. Telsey Advisory Group increased their price target on shares of Walmart from $92.00 to $100.00 and gave the stock an “outperform” rating in a report on Tuesday, November 19th. Finally, StockNews.com lowered shares of Walmart from a “strong-buy” rating to a “buy” rating in a report on Wednesday, November 20th. Two investment analysts have rated the stock with a hold rating, twenty-nine have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $94.49.
Check Out Our Latest Stock Report on Walmart
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.
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