RFP Financial Group LLC Sells 29,301 Shares of Walmart Inc. (NYSE:WMT)

RFP Financial Group LLC trimmed its position in shares of Walmart Inc. (NYSE:WMT) by 51.0% during the 4th quarter, HoldingsChannel reports. The fund owned 28,101 shares of the retailer’s stock after selling 29,301 shares during the quarter. Walmart makes up approximately 1.0% of RFP Financial Group LLC’s investment portfolio, making the stock its 22nd biggest holding. RFP Financial Group LLC’s holdings in Walmart were worth $2,540,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in WMT. Peterson Financial Group Inc. bought a new stake in shares of Walmart during the third quarter valued at approximately $26,000. Fiduciary Advisors Inc. bought a new stake in Walmart in the 4th quarter valued at $27,000. Voisard Asset Management Group Inc. increased its holdings in Walmart by 77.3% in the 3rd quarter. Voisard Asset Management Group Inc. now owns 399 shares of the retailer’s stock valued at $32,000 after buying an additional 174 shares during the period. Decker Retirement Planning Inc. acquired a new position in shares of Walmart in the 4th quarter valued at $32,000. Finally, Livelsberger Financial Advisory bought a new position in shares of Walmart during the 3rd quarter worth about $36,000. 26.76% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research firms recently weighed in on WMT. Piper Sandler upped their target price on shares of Walmart from $83.00 to $93.00 and gave the company an “overweight” rating in a research note on Monday, November 18th. TD Cowen upped their price objective on Walmart from $90.00 to $100.00 and gave the company a “buy” rating in a research note on Wednesday, November 20th. JPMorgan Chase & Co. raised their target price on Walmart from $97.00 to $112.00 and gave the stock an “overweight” rating in a research report on Monday. DZ Bank cut Walmart from a “buy” rating to a “hold” rating and set a $91.00 price target on the stock. in a research report on Thursday, November 21st. Finally, Telsey Advisory Group lifted their price objective on Walmart from $92.00 to $100.00 and gave the company an “outperform” rating in a report on Tuesday, November 19th. Two investment analysts have rated the stock with a hold rating, twenty-nine have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $96.95.

Insider Buying and Selling at Walmart

In related news, EVP John D. Rainey sold 38,000 shares of the stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $98.80, for a total value of $3,754,400.00. Following the sale, the executive vice president now directly owns 257,281 shares in the company, valued at $25,419,362.80. This trade represents a 12.87 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO C Douglas Mcmillon sold 29,124 shares of Walmart stock in a transaction that occurred on Wednesday, November 27th. The stock was sold at an average price of $91.44, for a total transaction of $2,663,098.56. Following the transaction, the chief executive officer now directly owns 3,814,805 shares in the company, valued at $348,825,769.20. The trade was a 0.76 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 175,177 shares of company stock valued at $16,403,728. 45.58% of the stock is currently owned by company insiders.

Walmart Trading Up 1.6 %

WMT opened at $102.77 on Tuesday. Walmart Inc. has a fifty-two week low of $55.85 and a fifty-two week high of $103.11. The company has a market cap of $825.62 billion, a price-to-earnings ratio of 42.18, a price-to-earnings-growth ratio of 4.25 and a beta of 0.55. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.85 and a quick ratio of 0.23. The firm has a 50 day simple moving average of $94.07 and a 200 day simple moving average of $84.36.

Walmart (NYSE:WMT) last posted its quarterly earnings results on Tuesday, November 19th. The retailer reported $0.58 earnings per share for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $167.69 billion. During the same quarter in the prior year, the business posted $0.51 EPS. The firm’s quarterly revenue was up 5.5% on a year-over-year basis. On average, sell-side analysts anticipate that Walmart Inc. will post 2.48 earnings per share for the current year.

Walmart Company 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.