Edge Financial Advisors LLC Sells 335 Shares of Walmart Inc. (NYSE:WMT)

Edge Financial Advisors LLC reduced its holdings in Walmart Inc. (NYSE:WMT) by 7.8% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 3,943 shares of the retailer’s stock after selling 335 shares during the period. Edge Financial Advisors LLC’s holdings in Walmart were worth $356,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently added to or reduced their stakes in the company. Drucker Wealth 3.0 LLC bought a new stake in shares of Walmart during the second quarter valued at approximately $275,000. Deerfield Management Company L.P. Series C increased its position in shares of Walmart by 84.2% during the second quarter. Deerfield Management Company L.P. Series C now owns 10,384 shares of the retailer’s stock valued at $703,000 after purchasing an additional 4,747 shares during the period. MBB Public Markets I LLC increased its position in shares of Walmart by 2,233.2% during the second quarter. MBB Public Markets I LLC now owns 314,186 shares of the retailer’s stock valued at $21,274,000 after purchasing an additional 300,720 shares during the period. Mackenzie Financial Corp increased its position in shares of Walmart by 0.8% during the second quarter. Mackenzie Financial Corp now owns 4,592,715 shares of the retailer’s stock valued at $310,973,000 after purchasing an additional 34,588 shares during the period. Finally, Legal & General Group Plc increased its position in shares of Walmart by 1.8% during the second quarter. Legal & General Group Plc now owns 36,282,740 shares of the retailer’s stock valued at $2,456,704,000 after purchasing an additional 644,353 shares during the period. 26.76% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research firms have recently issued reports on WMT. Telsey Advisory Group boosted their price objective on Walmart from $92.00 to $100.00 and gave the company an “outperform” rating in a research report on Tuesday, November 19th. UBS Group boosted their price target on Walmart from $92.00 to $100.00 and gave the company a “buy” rating in a research note on Wednesday, November 20th. Roth Mkm boosted their price target on Walmart from $81.00 to $97.00 and gave the company a “buy” rating in a research note on Wednesday, November 20th. Piper Sandler raised 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. Finally, Morgan Stanley raised their price target on Walmart from $100.00 to $106.00 and gave the stock an “overweight” rating in a research report on Tuesday. Two analysts have rated the stock with a hold rating, twenty-nine have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Walmart has an average rating of “Moderate Buy” and an average target price of $94.69.

Insider Transactions at Walmart

In other news, Director Robert Edward Jr. Moritz purchased 5,446 shares of Walmart stock in a transaction that occurred on Wednesday, November 27th. The stock was acquired at an average cost of $91.81 per share, for a total transaction of $499,997.26. Following the purchase, the director now directly 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 transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP John D. Rainey sold 3,000 shares of the business’s stock in a transaction on Friday, November 1st. The shares were sold at an average price of $82.12, for a total value of $246,360.00. Following the completion of the sale, the executive vice president now owns 378,165 shares of the company’s stock, valued at $31,054,909.80. This trade represents a 0.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 140,177 shares of company stock worth $12,895,688. 45.58% of the stock is owned by company insiders.

Walmart Stock Performance

Shares of NYSE WMT opened at $94.84 on Friday. 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 $53.47 and a 12 month high of $96.18. The stock has a 50 day moving average of $91.81 and a 200-day moving average of $81.95. The company has a market capitalization of $761.90 billion, a P/E ratio of 38.92, a P/E/G ratio of 4.42 and a beta of 0.55.

Walmart (NYSE:WMT) last issued its earnings results 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 return on equity of 21.78% and a net margin of 2.92%. The company had revenue of $169.59 billion during the quarter, compared to the consensus estimate of $167.69 billion. During the same period in the previous year, the company posted $0.51 EPS. The firm’s revenue for the quarter was up 5.5% compared to the same quarter last year. As a group, equities research analysts predict that Walmart Inc. will post 2.48 EPS for the current year.

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.