ARS Wealth Advisors Group LLC Decreases Holdings in Walmart Inc. (NYSE:WMT)

ARS Wealth Advisors Group LLC trimmed its position in shares of Walmart Inc. (NYSE:WMT) by 0.9% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 165,034 shares of the retailer’s stock after selling 1,549 shares during the quarter. Walmart accounts for approximately 2.0% of ARS Wealth Advisors Group LLC’s holdings, making the stock its 21st largest position. ARS Wealth Advisors Group LLC’s holdings in Walmart were worth $14,911,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Peterson Financial Group Inc. purchased a new position in Walmart in the third quarter worth about $26,000. Voisard Asset Management Group Inc. boosted its holdings in shares of Walmart by 77.3% in the third quarter. Voisard Asset Management Group Inc. now owns 399 shares of the retailer’s stock worth $32,000 after buying an additional 174 shares during the last quarter. Hoese & Co LLP purchased a new position in shares of Walmart in the third quarter worth approximately $33,000. Livelsberger Financial Advisory bought a new stake in Walmart during the third quarter valued at approximately $36,000. Finally, Hara Capital LLC purchased a new stake in Walmart during the third quarter valued at approximately $37,000. 26.76% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on WMT shares. Oppenheimer boosted their price objective on shares of Walmart from $81.00 to $90.00 and gave the company an “outperform” rating in a research report on Monday, October 14th. Bank of America boosted their price target on Walmart from $95.00 to $105.00 and gave the company a “buy” rating in a report on Wednesday, November 20th. Melius Research assumed coverage on Walmart in a research note on Monday, September 23rd. They issued a “buy” rating and a $95.00 price objective on the stock. Roth Mkm lifted their price objective on Walmart from $81.00 to $97.00 and gave the company a “buy” rating in a research report on Wednesday, November 20th. Finally, StockNews.com lowered shares of Walmart from a “strong-buy” rating to 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 issued a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $94.49.

Insider Transactions at Walmart

In other news, CEO C Douglas Mcmillon sold 29,124 shares of the company’s stock in a transaction on Thursday, October 24th. The stock was sold at an average price of $82.79, for a total transaction of $2,411,175.96. Following the transaction, the chief executive officer now directly owns 3,843,929 shares of the company’s stock, valued at approximately $318,238,881.91. This represents a 0.75 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP John D. Rainey sold 3,000 shares of Walmart stock in a transaction on Friday, November 1st. The stock was sold at an average price of $82.12, for a total transaction of $246,360.00. Following the sale, the executive vice president now owns 378,165 shares of the company’s stock, valued at $31,054,909.80. The trade was a 0.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 138,347 shares of company stock valued at $12,311,491. Company insiders own 45.58% of the company’s stock.

Walmart Stock Performance

WMT stock opened at $91.39 on Thursday. The firm has a market cap of $734.17 billion, a price-to-earnings ratio of 37.51, a PEG ratio of 4.41 and a beta of 0.55. Walmart Inc. has a twelve month low of $53.44 and a twelve month high of $96.18. The company has a quick ratio of 0.23, a current ratio of 0.85 and a debt-to-equity ratio of 0.42. The business’s fifty day simple moving average is $90.70 and its two-hundred day simple moving average is $80.96.

Walmart (NYSE:WMT) last announced 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 company 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 firm’s revenue for the quarter was up 5.5% on a year-over-year basis. During the same quarter last year, the business posted $0.51 EPS. Analysts predict that Walmart Inc. will post 2.47 earnings per share for the current year.

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.