Insight Advisors LLC PA Has $1.57 Million Stock Position in Walmart Inc. (NYSE:WMT)

Insight Advisors LLC PA lowered its position in Walmart Inc. (NYSE:WMT) by 13.6% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 17,292 shares of the retailer’s stock after selling 2,731 shares during the period. Insight Advisors LLC PA’s holdings in Walmart were worth $1,566,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Vision Capital Management Inc. bought a new position in Walmart in the fourth quarter valued at approximately $271,000. Robertson Stephens Wealth Management LLC raised its holdings in shares of Walmart by 7.1% during the fourth quarter. Robertson Stephens Wealth Management LLC now owns 66,681 shares of the retailer’s stock worth $6,038,000 after acquiring an additional 4,447 shares during the period. Meadow Creek Wealth Advisors LLC lifted its position in Walmart by 0.5% in the 4th quarter. Meadow Creek Wealth Advisors LLC now owns 27,389 shares of the retailer’s stock valued at $2,475,000 after acquiring an additional 127 shares in the last quarter. Inman Jager Wealth Management LLC acquired a new position in Walmart in the 4th quarter worth $484,000. Finally, Tyche Wealth Partners LLC increased its holdings in Walmart by 10.5% during the 4th quarter. Tyche Wealth Partners LLC now owns 94,459 shares of the retailer’s stock worth $8,534,000 after purchasing an additional 9,007 shares in the last quarter. Institutional investors and hedge funds own 26.76% of the company’s stock.

Insiders Place Their Bets

In related news, EVP Daniel J. Bartlett sold 1,830 shares of the business’s stock in a transaction that occurred on Wednesday, January 15th. The stock was sold at an average price of $91.07, for a total value of $166,658.10. Following the completion of the sale, the executive vice president now directly owns 460,705 shares in the company, valued at approximately $41,956,404.35. The trade was a 0.40 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO C Douglas Mcmillon sold 29,124 shares of the stock in a transaction that occurred on Wednesday, November 27th. The stock was sold at an average price of $91.44, for a total value of $2,663,098.56. Following the sale, the chief executive officer now directly owns 3,814,805 shares in the company, valued at $348,825,769.20. This represents a 0.76 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 175,177 shares of company stock worth $16,403,728 in the last quarter. 45.58% of the stock is currently owned by corporate insiders.

Walmart Trading Down 1.6 %

Shares of NYSE:WMT opened at $101.17 on Friday. Walmart Inc. has a 12-month low of $55.85 and a 12-month high of $103.11. The business has a 50 day moving average of $93.89 and a 200-day moving average of $83.95. The company has a quick ratio of 0.23, a current ratio of 0.85 and a debt-to-equity ratio of 0.42. The stock has a market cap of $812.73 billion, a PE ratio of 41.52, a P/E/G ratio of 4.49 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 the consensus estimate of $0.53 by $0.05. The business had revenue of $169.59 billion during the quarter, compared to the consensus estimate of $167.69 billion. Walmart had a return on equity of 21.78% and a net margin of 2.92%. The firm’s quarterly revenue was up 5.5% on a year-over-year basis. During the same period in the previous year, the company posted $0.51 EPS. As a group, equities research analysts forecast that Walmart Inc. will post 2.48 earnings per share for the current year.

Analysts Set New Price Targets

A number of analysts have recently commented on the company. Bank of America boosted their price target on Walmart from $95.00 to $105.00 and gave the company a “buy” rating in a report on Wednesday, November 20th. Robert W. Baird boosted their target price on Walmart from $90.00 to $100.00 and gave the company an “outperform” rating in a research note on Wednesday, November 20th. Morgan Stanley raised their price target on shares of Walmart from $100.00 to $106.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 21st. Royal Bank of Canada reissued an “outperform” rating and issued a $105.00 price objective on shares of Walmart in a research report on Wednesday, January 15th. Finally, Evercore ISI raised their target price on shares of Walmart from $94.00 to $96.00 and gave the company an “outperform” rating in a research report on Tuesday, December 3rd. Two equities research analysts have rated the stock with a hold rating, twenty-nine have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $96.01.

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.