Veracity Capital LLC Trims Holdings in Walmart Inc. (NYSE:WMT)

Veracity Capital LLC cut its position in shares of Walmart Inc. (NYSE:WMTFree Report) by 2.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 13,946 shares of the retailer’s stock after selling 294 shares during the quarter. Veracity Capital LLC’s holdings in Walmart were worth $1,260,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of WMT. Peterson Financial Group Inc. purchased a new stake in Walmart in the 3rd quarter valued at about $26,000. Voisard Asset Management Group Inc. boosted 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 worth $32,000 after acquiring an additional 174 shares during the last quarter. Decker Retirement Planning Inc. purchased a new stake in Walmart in the fourth quarter valued at approximately $32,000. Hoese & Co LLP acquired a new position in Walmart during the third quarter worth approximately $33,000. Finally, Livelsberger Financial Advisory purchased a new position in Walmart during the third quarter worth approximately $36,000. Hedge funds and other institutional investors own 26.76% of the company’s stock.

Insider Activity

In related news, EVP John D. Rainey sold 3,000 shares of the firm’s stock in a transaction that occurred on Friday, November 1st. The stock was sold at an average price of $82.12, for a total value of $246,360.00. Following the sale, the executive vice president now owns 378,165 shares of the company’s stock, valued at approximately $31,054,909.80. This trade represents a 0.79 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP John R. Furner sold 13,125 shares of the company’s stock in a transaction on Thursday, January 23rd. The stock was sold at an average price of $92.96, for a total value of $1,220,100.00. Following the transaction, the executive vice president now owns 568,626 shares of the company’s stock, valued at approximately $52,859,472.96. 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 three months, insiders sold 140,177 shares of company stock valued at $12,895,688. Company insiders own 45.58% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on WMT shares. Guggenheim upped their price objective on Walmart from $90.00 to $100.00 and gave the stock a “buy” rating in a report on Wednesday, November 20th. Telsey Advisory Group upped their price target on Walmart from $92.00 to $100.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 19th. Evercore ISI lifted their price objective on Walmart from $94.00 to $96.00 and gave the company an “outperform” rating in a research note on Tuesday, December 3rd. Piper Sandler increased their target price on shares of Walmart from $83.00 to $93.00 and gave the stock an “overweight” rating in a research report on Monday, November 18th. Finally, Sanford C. Bernstein lifted their price target on shares of Walmart from $98.00 to $102.00 and gave the company an “outperform” rating in a research report on Wednesday, November 20th. Two equities research analysts have rated the stock with a hold rating, twenty-nine have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Walmart has a consensus rating of “Moderate Buy” and a consensus price target of $94.69.

Read Our Latest Research Report on Walmart

Walmart Stock Up 1.1 %

Shares of Walmart stock opened at $94.84 on Friday. The business has a 50-day moving average price of $91.81 and a 200 day moving average price of $81.95. Walmart Inc. has a fifty-two week low of $53.47 and a fifty-two week high of $96.18. The firm has a market cap of $761.90 billion, a P/E ratio of 38.92, a P/E/G ratio of 4.42 and a beta of 0.55. 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:WMTGet Free Report) last posted its quarterly earnings results on Tuesday, November 19th. The retailer reported $0.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.53 by $0.05. The business had revenue of $169.59 billion for the quarter, compared to analyst estimates of $167.69 billion. Walmart had a return on equity of 21.78% and a net margin of 2.92%. The business’s revenue was up 5.5% compared to the same quarter last year. During the same period in the prior year, the company posted $0.51 EPS. On average, sell-side analysts forecast that Walmart Inc. will post 2.48 earnings per share for the current fiscal year.

Walmart Company Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Walmart (NYSE:WMT)

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