Walmart Inc. (NYSE:WMT) Shares Sold by Mid American Wealth Advisory Group Inc.

Mid American Wealth Advisory Group Inc. lessened its position in Walmart Inc. (NYSE:WMT) by 4.4% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 4,651 shares of the retailer’s stock after selling 213 shares during the period. Mid American Wealth Advisory Group Inc.’s holdings in Walmart were worth $420,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of WMT. 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 purchasing an additional 113 shares in the last quarter. Summit Financial Wealth Advisors LLC lifted its stake in Walmart by 0.5% during the third quarter. Summit Financial Wealth Advisors LLC now owns 23,720 shares of the retailer’s stock worth $1,915,000 after purchasing an additional 118 shares during the period. Lowe Wealth Advisors LLC boosted its stake in shares of Walmart by 13.5% in the 4th quarter. Lowe Wealth Advisors LLC now owns 1,018 shares of the retailer’s stock valued at $92,000 after purchasing an additional 121 shares in the last quarter. Providence Wealth Advisors LLC grew its position in Walmart by 0.3% during the 3rd quarter. Providence Wealth Advisors LLC now owns 43,549 shares of the retailer’s stock worth $3,591,000 after acquiring an additional 122 shares during the last quarter. Finally, 3Chopt Investment Partners LLC grew its holdings in Walmart by 0.4% during the 3rd quarter. 3Chopt Investment Partners LLC now owns 32,633 shares of the retailer’s stock worth $2,635,000 after acquiring an additional 124 shares during the last quarter. Institutional investors and hedge funds own 26.76% of the company’s stock.

Insiders Place Their Bets

In other news, CEO C Douglas Mcmillon sold 29,124 shares of Walmart stock in a transaction that occurred on Thursday, October 24th. The stock was sold at an average price of $82.79, for a total value of $2,411,175.96. Following the completion of the transaction, the chief executive officer now owns 3,843,929 shares in the company, valued at approximately $318,238,881.91. The trade was a 0.75 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP John R. Furner sold 13,125 shares of Walmart stock in a transaction on Thursday, December 26th. The stock was sold at an average price of $92.60, for a total transaction of $1,215,375.00. Following the transaction, the executive vice president now directly owns 566,794 shares of the company’s stock, valued at $52,485,124.40. The trade was a 2.26 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 140,412 shares of company stock worth $12,478,116. Corporate insiders own 45.58% of the company’s stock.

Walmart Stock Performance

Shares of WMT stock traded down $1.67 during mid-day trading on Monday, reaching $91.33. 6,377,953 shares of the company’s stock traded hands, compared to its average volume of 12,671,640. The firm has a market capitalization of $733.69 billion, a PE ratio of 37.48, a price-to-earnings-growth ratio of 4.47 and a beta of 0.55. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.23 and a current ratio of 0.85. The firm has a 50 day moving average price of $90.38 and a two-hundred day moving average price of $80.63. Walmart Inc. has a 12 month low of $53.44 and a 12 month high of $96.18.

Walmart (NYSE:WMT) last posted its quarterly earnings data 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. The firm had revenue of $169.59 billion for the quarter, compared to analysts’ expectations of $167.69 billion. Walmart had a return on equity of 21.78% and a net margin of 2.92%. The business’s quarterly revenue was up 5.5% on a year-over-year basis. During the same period in the previous year, the firm earned $0.51 EPS. On average, research analysts forecast that Walmart Inc. will post 2.47 EPS for the current year.

Analyst Upgrades and Downgrades

WMT has been the topic of several analyst reports. Truist Financial increased their target price on Walmart from $89.00 to $98.00 and gave the company a “buy” rating in a research note on Wednesday, November 20th. Wells Fargo & Company increased their price target on Walmart from $96.00 to $100.00 and gave the company an “overweight” rating in a research report on Friday. Stifel Nicolaus raised their price target on Walmart from $89.00 to $94.00 and gave the company a “hold” rating in a report on Tuesday, December 10th. Jefferies Financial Group upped their target price on Walmart from $105.00 to $111.00 and gave the company a “buy” rating in a research report on Tuesday, December 17th. Finally, Tigress Financial raised their target price on Walmart from $86.00 to $115.00 and gave the company a “buy” rating in a report on Friday, December 13th. Two equities research analysts have rated the stock with a hold rating, twenty-nine have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Walmart presently has a consensus rating of “Moderate Buy” and a consensus price target of $94.08.

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.