Financial Strategies Group Inc. Sells 233 Shares of Walmart Inc. (NYSE:WMT)

Financial Strategies Group Inc. reduced its position in Walmart Inc. (NYSE:WMT) by 4.0% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 5,585 shares of the retailer’s stock after selling 233 shares during the period. Financial Strategies Group Inc.’s holdings in Walmart were worth $519,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in WMT. Jennison Associates LLC grew its holdings in Walmart by 479.6% during the 3rd quarter. Jennison Associates LLC now owns 18,479,259 shares of the retailer’s stock worth $1,492,200,000 after acquiring an additional 15,290,936 shares during the period. FMR LLC boosted its position in shares of Walmart by 12.9% in the 3rd quarter. FMR LLC now owns 63,135,639 shares of the retailer’s stock worth $5,098,203,000 after purchasing an additional 7,200,004 shares during the last quarter. International Assets Investment Management LLC grew its stake in shares of Walmart by 8,814.4% during the third quarter. International Assets Investment Management LLC now owns 6,963,218 shares of the retailer’s stock worth $562,280,000 after purchasing an additional 6,885,106 shares during the period. Geode Capital Management LLC increased its holdings in Walmart by 3.3% in the third quarter. Geode Capital Management LLC now owns 87,617,409 shares of the retailer’s stock valued at $7,048,465,000 after purchasing an additional 2,786,061 shares during the last quarter. Finally, Fisher Asset Management LLC lifted its stake in Walmart by 4.6% in the third quarter. Fisher Asset Management LLC now owns 47,659,844 shares of the retailer’s stock valued at $3,848,533,000 after buying an additional 2,107,197 shares during the period. Institutional investors own 26.76% of the company’s stock.

Walmart Price Performance

Shares of WMT opened at $100.92 on Wednesday. The company has a market cap of $810.71 billion, a price-to-earnings ratio of 41.42, a PEG ratio of 4.49 and a beta of 0.55. 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 company’s fifty day simple moving average is $93.27 and its 200 day simple moving average is $83.48. Walmart Inc. has a 1-year low of $55.85 and a 1-year high of $100.95.

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

Insider Transactions at Walmart

In related news, EVP Daniel J. Bartlett sold 1,830 shares of Walmart stock in a transaction dated Wednesday, January 15th. The shares were sold at an average price of $91.07, for a total transaction of $166,658.10. Following the completion of the sale, the executive vice president now owns 460,705 shares of the company’s stock, valued at approximately $41,956,404.35. The trade was a 0.40 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Robert Edward Jr. Moritz purchased 5,446 shares of the firm’s stock in a transaction that occurred on Wednesday, November 27th. The stock was bought at an average price of $91.81 per share, for a total transaction of $499,997.26. Following the purchase, the director now owns 7,805 shares in the company, valued at $716,577.05. The trade was a 230.86 % increase in their position. The disclosure for this purchase can be found here. In the last three months, insiders sold 137,177 shares of company stock worth $12,649,328. 45.58% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the company. BMO Capital Markets upped their price target on Walmart from $80.00 to $100.00 and gave the company an “outperform” rating in a research note on Monday, November 18th. Stifel Nicolaus upped their target price on shares of Walmart from $89.00 to $94.00 and gave the company a “hold” rating in a research note on Tuesday, December 10th. TD Cowen lifted their price target on shares of Walmart from $90.00 to $100.00 and gave the stock a “buy” rating in a research report on Wednesday, November 20th. Jefferies Financial Group boosted their price target on shares of Walmart from $105.00 to $111.00 and gave the company a “buy” rating in a report on Tuesday, December 17th. Finally, Truist Financial lifted their target price on Walmart from $89.00 to $98.00 and gave the stock a “buy” rating in a report on Wednesday, November 20th. Two investment analysts have rated the stock with a hold rating, twenty-nine have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $95.37.

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.