Proquility Private Wealth Partners LLC Reduces Position in Walmart Inc. (NYSE:WMT)

Proquility Private Wealth Partners LLC decreased its holdings in shares of Walmart Inc. (NYSE:WMT) by 1.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 13,463 shares of the retailer’s stock after selling 201 shares during the period. Proquility Private Wealth Partners LLC’s holdings in Walmart were worth $1,216,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently bought and sold shares of the stock. Peterson Financial Group Inc. bought a new position in Walmart in the 3rd quarter worth $26,000. Voisard Asset Management Group Inc. lifted its position 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 valued at $32,000 after acquiring an additional 174 shares in the last quarter. Decker Retirement Planning Inc. purchased a new position in shares of Walmart in the fourth quarter valued at about $32,000. Hoese & Co LLP purchased a new position in shares of Walmart in the third quarter valued at about $33,000. Finally, Livelsberger Financial Advisory purchased a new position in shares of Walmart in the third quarter valued at about $36,000. 26.76% of the stock is owned by institutional investors.

Walmart Stock Up 0.2 %

Shares of NYSE:WMT opened at $93.26 on Thursday. Walmart Inc. has a 52-week low of $53.44 and a 52-week high of $96.18. The stock has a market cap of $749.19 billion, a P/E ratio of 38.27, a price-to-earnings-growth ratio of 4.36 and a beta of 0.55. The business’s 50 day moving average is $91.47 and its 200 day moving average is $81.79. 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 quarterly earnings data on Tuesday, November 19th. The retailer reported $0.58 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.53 by $0.05. Walmart had a return on equity of 21.78% and a net margin of 2.92%. The company had revenue of $169.59 billion for 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. Walmart’s revenue was up 5.5% compared to the same quarter last year. Sell-side analysts predict that Walmart Inc. will post 2.47 EPS for the current year.

Insiders Place Their Bets

In other Walmart news, EVP Daniel J. Bartlett sold 1,830 shares of the company’s stock in a transaction on Wednesday, January 15th. The stock was 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 in the company, valued at $41,956,404.35. This represents a 0.40 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP David Chojnowski sold 5,600 shares of the stock in a transaction on Wednesday, November 27th. The shares were sold at an average price of $91.45, for a total value of $512,120.00. Following the sale, the senior vice president now owns 87,404 shares of the company’s stock, valued at approximately $7,993,095.80. This represents a 6.02 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 97,928 shares of company stock worth $8,978,123 over the last 90 days. Company insiders own 45.58% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on WMT. Piper Sandler boosted their price objective on Walmart from $83.00 to $93.00 and gave the company an “overweight” rating in a research report on Monday, November 18th. TD Cowen boosted their price objective on Walmart from $90.00 to $100.00 and gave the company a “buy” rating in a research report on Wednesday, November 20th. Morgan Stanley boosted their price objective on Walmart from $100.00 to $106.00 and gave the company an “overweight” rating in a research report on Tuesday. Sanford C. Bernstein boosted their target price on Walmart from $98.00 to $102.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 20th. Finally, UBS Group boosted their target price on Walmart from $92.00 to $100.00 and gave the stock a “buy” rating in a research report on Wednesday, November 20th. Two research analysts have rated the stock with a hold rating, twenty-nine have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Walmart has an average rating of “Moderate Buy” and an average target price of $94.69.

About Walmart

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.