Walmart Inc. (NYSE:WMT) Position Reduced by Absher Wealth Management LLC

Absher Wealth Management LLC cut its holdings in shares of Walmart Inc. (NYSE:WMT) by 9.1% during the 4th quarter, Holdings Channel.com reports. The firm owned 342,752 shares of the retailer’s stock after selling 34,113 shares during the quarter. Walmart comprises approximately 4.1% of Absher Wealth Management LLC’s holdings, making the stock its 6th biggest position. Absher Wealth Management LLC’s holdings in Walmart were worth $30,968,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Fiduciary Advisors Inc. purchased a new stake in Walmart during the fourth quarter valued at about $27,000. Peterson Financial Group Inc. purchased a new stake in shares of Walmart in the third quarter worth about $26,000. Decker Retirement Planning Inc. purchased a new stake in shares of Walmart in the fourth quarter worth about $32,000. Voisard Asset Management Group Inc. lifted its holdings 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 worth $32,000 after buying an additional 174 shares in the last quarter. Finally, Hoese & Co LLP purchased a new stake in shares of Walmart in the third quarter worth about $33,000. 26.76% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Walmart

In other news, EVP Daniel J. Bartlett sold 1,830 shares of the firm’s stock in a transaction on 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 in the company, valued at $41,956,404.35. This trade represents a 0.40 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO C Douglas Mcmillon sold 29,124 shares of the firm’s stock in a transaction on Wednesday, November 27th. The shares were sold at an average price of $91.44, for a total value of $2,663,098.56. Following the transaction, the chief executive officer now owns 3,814,805 shares of the company’s stock, valued at $348,825,769.20. The trade was a 0.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 175,177 shares of company stock valued at $16,403,728. 45.58% of the stock is currently owned by company insiders.

Walmart Stock Performance

Shares of Walmart stock opened at $101.17 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. The firm has a market capitalization of $812.73 billion, a P/E ratio of 41.52, a P/E/G ratio of 4.49 and a beta of 0.55. The business has a fifty day simple moving average of $93.89 and a two-hundred day simple moving average of $83.95. Walmart Inc. has a 12 month low of $55.85 and a 12 month high of $103.11.

Walmart (NYSE:WMT) last announced its quarterly earnings data on Tuesday, November 19th. The retailer reported $0.58 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 analyst estimates of $167.69 billion. Walmart had a return on equity of 21.78% and a net margin of 2.92%. The company’s revenue for the quarter was up 5.5% on a year-over-year basis. During the same quarter last year, the firm posted $0.51 earnings per share. On average, equities analysts forecast that Walmart Inc. will post 2.48 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on WMT shares. 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. Wells Fargo & Company increased their price target on shares of Walmart from $100.00 to $108.00 and gave the stock an “overweight” rating in a report on Monday, February 3rd. Stifel Nicolaus increased their price target on shares of Walmart from $89.00 to $94.00 and gave the stock a “hold” rating in a report on Tuesday, December 10th. Evercore ISI upped their price objective on shares of Walmart from $94.00 to $96.00 and gave the stock an “outperform” rating in a research report on Tuesday, December 3rd. Finally, DZ Bank cut shares of Walmart from a “buy” rating to a “hold” rating and set a $91.00 price objective on the stock. in a research report on Thursday, November 21st. Two 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. According to MarketBeat, Walmart currently has an average rating of “Moderate Buy” and an average target price of $96.01.

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.