Walmart Inc. (NYSE:WMT) is Successful Portfolios LLC’s 9th Largest Position

Successful Portfolios LLC lowered its position in Walmart Inc. (NYSE:WMT) by 0.5% in the 4th quarter, Holdings Channel reports. The institutional investor owned 52,136 shares of the retailer’s stock after selling 275 shares during the period. Walmart comprises approximately 3.2% of Successful Portfolios LLC’s investment portfolio, making the stock its 9th largest position. Successful Portfolios LLC’s holdings in Walmart were worth $4,710,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Pacer Advisors Inc. lifted its position in Walmart by 3.2% in the second quarter. Pacer Advisors Inc. now owns 383,412 shares of the retailer’s stock valued at $25,961,000 after purchasing an additional 11,816 shares during the last quarter. Commonwealth Financial Services LLC lifted its position in Walmart by 159.6% in the second quarter. Commonwealth Financial Services LLC now owns 24,544 shares of the retailer’s stock valued at $1,710,000 after purchasing an additional 15,091 shares during the last quarter. HighVista Strategies LLC lifted its position in Walmart by 24.3% in the second quarter. HighVista Strategies LLC now owns 22,500 shares of the retailer’s stock valued at $1,523,000 after purchasing an additional 4,400 shares during the last quarter. Nippon Life Global Investors Americas Inc. lifted its position in Walmart by 34.3% in the second quarter. Nippon Life Global Investors Americas Inc. now owns 185,400 shares of the retailer’s stock valued at $12,553,000 after purchasing an additional 47,380 shares during the last quarter. Finally, Beck Capital Management LLC lifted its position in Walmart by 21.1% in the second quarter. Beck Capital Management LLC now owns 69,472 shares of the retailer’s stock valued at $4,704,000 after purchasing an additional 12,104 shares during the last quarter. Hedge funds and other institutional investors own 26.76% of the company’s stock.

Walmart Trading Up 0.8 %

Shares of NYSE:WMT opened at $92.02 on Tuesday. The stock has a market capitalization of $739.19 billion, a price-to-earnings ratio of 37.76, a PEG ratio of 4.41 and a beta of 0.55. 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 stock’s 50-day simple moving average is $91.15 and its two-hundred day simple moving average is $81.46. Walmart Inc. has a 52-week low of $53.44 and a 52-week high of $96.18.

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

Insider Transactions at Walmart

In other news, CEO C Douglas Mcmillon sold 29,124 shares of the firm’s stock in a transaction dated Thursday, October 24th. The stock was sold at an average price of $82.79, for a total value of $2,411,175.96. Following the transaction, the chief executive officer now owns 3,843,929 shares of the company’s stock, valued at $318,238,881.91. This trade represents a 0.75 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP David Chojnowski sold 5,600 shares of the firm’s stock in a transaction dated Wednesday, November 27th. The stock was sold at an average price of $91.45, for a total value of $512,120.00. Following the completion of the transaction, the senior vice president now directly owns 87,404 shares in the company, valued at $7,993,095.80. This trade represents a 6.02 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 140,177 shares of company stock valued at $12,478,149 over the last quarter. 45.58% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several analysts have weighed in on WMT shares. Morgan Stanley boosted their price objective on Walmart from $89.00 to $100.00 and gave the company an “overweight” rating in a research report on Wednesday, November 20th. UBS Group boosted their price objective on Walmart from $92.00 to $100.00 and gave the company a “buy” rating in a research report on Wednesday, November 20th. Tigress Financial boosted their price objective on Walmart from $86.00 to $115.00 and gave the company a “buy” rating in a research report on Friday, December 13th. TD Cowen upped their target price on Walmart from $90.00 to $100.00 and gave the company a “buy” rating in a report on Wednesday, November 20th. Finally, KeyCorp upped their target price on Walmart from $96.00 to $100.00 and gave the company an “overweight” rating in a report on Wednesday, December 11th. Two research 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 stock. According to data from MarketBeat, Walmart has a consensus rating of “Moderate Buy” and an average target price of $94.49.

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.