Welch & Forbes LLC Decreases Stake in Walmart Inc (NYSE:WMT)

Welch & Forbes LLC reduced its stake in shares of Walmart Inc (NYSE:WMT) by 0.4% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 123,274 shares of the retailer’s stock after selling 471 shares during the period. Welch & Forbes LLC’s holdings in Walmart were worth $14,650,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Outlook Wealth Advisors LLC purchased a new stake in shares of Walmart in the 2nd quarter worth about $238,000. UMA Financial Services Inc. purchased a new stake in shares of Walmart in the 3rd quarter worth about $369,000. Point72 Asset Management L.P. boosted its position in shares of Walmart by 94,700.0% in the 3rd quarter. Point72 Asset Management L.P. now owns 94,800 shares of the retailer’s stock worth $11,251,000 after buying an additional 94,700 shares in the last quarter. Steward Partners Investment Advisory LLC boosted its position in shares of Walmart by 3.0% in the 3rd quarter. Steward Partners Investment Advisory LLC now owns 124,767 shares of the retailer’s stock worth $14,807,000 after buying an additional 3,615 shares in the last quarter. Finally, Colonial Trust Advisors boosted its position in shares of Walmart by 11.7% in the 3rd quarter. Colonial Trust Advisors now owns 35,501 shares of the retailer’s stock worth $4,213,000 after buying an additional 3,731 shares in the last quarter. Institutional investors own 30.37% of the company’s stock.

Several equities research analysts recently commented on WMT shares. Morgan Stanley boosted their price objective on shares of Walmart from $125.00 to $130.00 and gave the stock an “overweight” rating in a research report on Tuesday, December 31st. Guggenheim restated a “buy” rating and issued a $135.00 target price (up from $125.00) on shares of Walmart in a report on Thursday, November 14th. JPMorgan Chase & Co. set a $130.00 target price on shares of Walmart and gave the company a “neutral” rating in a report on Thursday, November 14th. Credit Suisse Group restated a “neutral” rating and issued a $115.00 target price (up from $105.00) on shares of Walmart in a report on Friday, November 15th. Finally, UBS Group upped their target price on shares of Walmart from $115.00 to $125.00 and gave the company a “neutral” rating in a report on Friday, November 15th. One equities research analyst has rated the stock with a sell rating, twelve have given a hold rating and seventeen have assigned a buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $124.22.

In other news, EVP Marc E. Lore sold 85,000 shares of the company’s stock in a transaction dated Friday, December 20th. The shares were sold at an average price of $120.57, for a total transaction of $10,248,450.00. Following the completion of the transaction, the executive vice president now owns 2,808,295 shares of the company’s stock, valued at approximately $338,596,128.15. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP Judith J. Mckenna sold 8,300 shares of the company’s stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $119.21, for a total transaction of $989,443.00. Following the transaction, the executive vice president now directly owns 216,811 shares of the company’s stock, valued at approximately $25,846,039.31. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 178,300 shares of company stock valued at $21,090,243. Corporate insiders own 51.11% of the company’s stock.

Shares of NYSE WMT traded down $0.79 on Friday, reaching $115.11. 172,928 shares of the company traded hands, compared to its average volume of 6,218,285. Walmart Inc has a fifty-two week low of $93.11 and a fifty-two week high of $125.38. The company has a 50 day moving average of $118.75 and a 200 day moving average of $116.23. The company has a current ratio of 0.81, a quick ratio of 0.20 and a debt-to-equity ratio of 0.83. The stock has a market capitalization of $328.24 billion, a PE ratio of 23.43, a P/E/G ratio of 4.70 and a beta of 0.35.

Walmart (NYSE:WMT) last posted its quarterly earnings data on Thursday, November 14th. The retailer reported $1.16 EPS for the quarter, beating the Zacks’ consensus estimate of $1.09 by $0.07. Walmart had a net margin of 2.77% and a return on equity of 18.47%. The company had revenue of $126.98 billion during the quarter, compared to the consensus estimate of $128.08 billion. During the same quarter in the prior year, the company posted $1.08 EPS. The company’s quarterly revenue was up 2.5% compared to the same quarter last year. As a group, research analysts expect that Walmart Inc will post 4.98 earnings per share for the current year.

About Walmart

Walmart Inc engages in the retail and wholesale operations in various formats 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, discount stores, drugstores, and convenience stores; membership-only warehouse clubs; e-commerce Websites, such as walmart.com, jet.com, shoes.com, and samsclub.com; and mobile commerce applications.

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Institutional Ownership by Quarter for Walmart (NYSE:WMT)

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