Mountain Pacific Investment Advisers LLC Decreases Stock Holdings in Walmart Inc. (NYSE:WMT)

Mountain Pacific Investment Advisers LLC cut its holdings in Walmart Inc. (NYSE:WMT) by 4.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 22,174 shares of the retailer’s stock after selling 975 shares during the period. Mountain Pacific Investment Advisers LLC’s holdings in Walmart were worth $2,003,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in the business. Peterson Financial Group Inc. purchased a new stake in shares of Walmart in the third quarter worth approximately $26,000. Voisard Asset Management Group Inc. increased its stake in 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 purchasing an additional 174 shares during the period. Decker Retirement Planning Inc. bought a new stake in shares of Walmart during the fourth quarter worth $32,000. Hoese & Co LLP bought a new stake in shares of Walmart during the third quarter worth $33,000. Finally, Livelsberger Financial Advisory bought a new position in shares of Walmart in the third quarter worth about $36,000. 26.76% of the stock is currently owned by hedge funds and other institutional investors.

Walmart Stock Up 1.2 %

WMT stock opened at $93.05 on Wednesday. The stock has a market capitalization of $747.51 billion, a P/E ratio of 38.19, a P/E/G ratio of 4.36 and a beta of 0.55. Walmart Inc. has a 52 week low of $53.44 and a 52 week high of $96.18. The firm has a 50-day simple moving average of $91.31 and a 200-day simple moving average of $81.63. The company has a quick ratio of 0.23, a current ratio of 0.85 and a debt-to-equity ratio of 0.42.

Walmart (NYSE:WMT) last announced its earnings results on Tuesday, November 19th. The retailer reported $0.58 EPS for the quarter, beating analysts’ consensus estimates of $0.53 by $0.05. Walmart had a return on equity of 21.78% and a net margin of 2.92%. The business had revenue of $169.59 billion during the quarter, compared to analysts’ expectations of $167.69 billion. During the same quarter in the prior year, the firm earned $0.51 earnings per share. The business’s revenue was up 5.5% compared to the same quarter last year. Equities analysts forecast that Walmart Inc. will post 2.47 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, EVP John R. Furner sold 13,125 shares of the firm’s stock in a transaction dated Thursday, October 24th. The stock was sold at an average price of $82.96, for a total transaction of $1,088,850.00. Following the completion of the sale, the executive vice president now directly owns 593,040 shares of the company’s stock, valued at approximately $49,198,598.40. This trade represents a 2.17 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO C Douglas Mcmillon sold 29,124 shares of the company’s stock in a transaction dated Thursday, October 24th. The shares were sold at an average price of $82.79, for a total transaction of $2,411,175.96. Following the completion of the transaction, the chief executive officer now directly owns 3,843,929 shares in the company, valued at $318,238,881.91. The trade was a 0.75 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 140,177 shares of company stock valued at $12,478,149 in the last 90 days. 45.58% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on WMT shares. Truist Financial lifted their price objective on shares of Walmart from $89.00 to $98.00 and gave the company a “buy” rating in a report on Wednesday, November 20th. TD Cowen lifted their target price on Walmart from $90.00 to $100.00 and gave the company a “buy” rating in a research note on Wednesday, November 20th. Morgan Stanley lifted their price target on shares of Walmart from $100.00 to $106.00 and gave the stock an “overweight” rating in a report on Tuesday. Telsey Advisory Group increased their price objective on Walmart from $92.00 to $100.00 and gave the company an “outperform” rating in a report on Tuesday, November 19th. Finally, Evercore ISI raised their price objective on Walmart from $94.00 to $96.00 and gave the stock an “outperform” rating in a research report on Tuesday, December 3rd. Two analysts have rated the stock with a hold rating, twenty-nine have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, Walmart has an average rating of “Moderate Buy” and an average target price of $94.69.

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.