Castle Wealth Management LLC Has $914,000 Stock Holdings in Walmart Inc. (NYSE:WMT)

Castle Wealth Management LLC lowered its holdings in shares of Walmart Inc. (NYSE:WMT) by 2.7% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 10,097 shares of the retailer’s stock after selling 277 shares during the period. Castle Wealth Management LLC’s holdings in Walmart were worth $914,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in the business. SC&H Financial Advisors Inc. raised its holdings in shares of Walmart by 1.0% during the fourth quarter. SC&H Financial Advisors Inc. now owns 10,232 shares of the retailer’s stock valued at $924,000 after purchasing an additional 103 shares during the period. Dakota Community Bank & Trust NA increased its position in Walmart by 4.0% in the 4th quarter. Dakota Community Bank & Trust NA now owns 2,879 shares of the retailer’s stock valued at $260,000 after buying an additional 110 shares in the last quarter. Hobart Private Capital LLC raised its stake in Walmart by 1.6% during the 4th quarter. Hobart Private Capital LLC now owns 6,926 shares of the retailer’s stock worth $626,000 after buying an additional 111 shares during the period. Kozak & Associates Inc. boosted its holdings in Walmart by 22.3% in the fourth quarter. Kozak & Associates Inc. now owns 619 shares of the retailer’s stock worth $56,000 after acquiring an additional 113 shares in the last quarter. Finally, Summit Financial Wealth Advisors LLC grew its stake in Walmart by 0.5% in the third quarter. Summit Financial Wealth Advisors LLC now owns 23,720 shares of the retailer’s stock valued at $1,915,000 after acquiring an additional 118 shares during the period. Institutional investors and hedge funds own 26.76% of the company’s stock.

Walmart Stock Up 1.4 %

Shares of NYSE WMT opened at $105.10 on Friday. 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 stock has a market capitalization of $844.29 billion, a PE ratio of 43.13, a P/E/G ratio of 4.25 and a beta of 0.55. Walmart Inc. has a one year low of $55.85 and a one year high of $105.24. The business’s fifty day moving average price is $94.63 and its 200-day moving average price is $84.95.

Walmart (NYSE:WMT) last issued its earnings results on Tuesday, November 19th. The retailer reported $0.58 earnings per share for the quarter, topping analysts’ consensus estimates of $0.53 by $0.05. The firm had revenue of $169.59 billion during the quarter, compared to analyst estimates of $167.69 billion. Walmart had a net margin of 2.92% and a return on equity of 21.78%. The company’s quarterly revenue was up 5.5% on a year-over-year basis. During the same quarter last year, the business earned $0.51 earnings per share. On average, equities research analysts anticipate that Walmart Inc. will post 2.48 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the company. Wells Fargo & Company increased their target price on Walmart from $100.00 to $108.00 and gave the stock an “overweight” rating in a report on Monday, February 3rd. Truist Financial lifted their price objective on shares of Walmart from $98.00 to $111.00 and gave the company a “buy” rating in a report on Tuesday. TD Cowen raised their price target on shares of Walmart from $90.00 to $100.00 and gave the company a “buy” rating in a research report on Wednesday, November 20th. Robert W. Baird boosted their price objective on Walmart from $90.00 to $100.00 and gave the stock an “outperform” rating in a report on Wednesday, November 20th. Finally, DZ Bank lowered Walmart from a “buy” rating to a “hold” rating and set a $91.00 target price on the stock. in a report on Thursday, November 21st. 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 company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $98.85.

Insider Activity at Walmart

In other Walmart news, EVP John R. Furner sold 13,125 shares of the firm’s stock in a transaction dated Wednesday, November 27th. The stock was sold at an average price of $92.00, for a total value of $1,207,500.00. Following the completion of the transaction, the executive vice president now owns 579,915 shares in the company, valued at $53,352,180. This trade represents a 2.21 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP David Chojnowski sold 5,600 shares of the company’s stock in a transaction dated Wednesday, November 27th. The shares were sold at an average price of $91.45, for a total value of $512,120.00. Following the sale, the senior vice president now owns 87,404 shares in the company, valued at approximately $7,993,095.80. This represents a 6.02 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 175,177 shares of company stock worth $16,403,728. Corporate insiders own 45.58% of the company’s stock.

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.