Mitchell Mcleod Pugh & Williams Inc. Decreases Stock Holdings in Walmart Inc. (NYSE:WMT)

Mitchell Mcleod Pugh & Williams Inc. reduced its stake in shares of Walmart Inc. (NYSE:WMT) by 14.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 50,877 shares of the retailer’s stock after selling 8,762 shares during the quarter. Walmart accounts for approximately 1.0% of Mitchell Mcleod Pugh & Williams Inc.’s portfolio, making the stock its 20th largest holding. Mitchell Mcleod Pugh & Williams Inc.’s holdings in Walmart were worth $4,597,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Peterson Financial Group Inc. purchased a new position in Walmart in the 3rd quarter valued at approximately $26,000. Voisard Asset Management Group Inc. grew its holdings in 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 purchasing an additional 174 shares during the last quarter. Decker Retirement Planning Inc. acquired a new stake in Walmart in the fourth quarter valued at $32,000. Hoese & Co LLP purchased a new position in shares of Walmart in the third quarter valued at $33,000. Finally, Livelsberger Financial Advisory acquired a new position in shares of Walmart during the 3rd quarter worth $36,000. 26.76% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Walmart

In related news, EVP Daniel J. Bartlett sold 1,830 shares of the firm’s stock in a transaction on Wednesday, January 15th. The shares were 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 directly owns 460,705 shares of the company’s stock, valued at approximately $41,956,404.35. This trade represents a 0.40 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP John R. Furner sold 13,125 shares of the business’s stock in a transaction on 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 transaction, the executive vice president now owns 593,040 shares in the company, valued at $49,198,598.40. This represents a 2.17 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 140,177 shares of company stock valued at $12,478,149 over the last 90 days. 45.58% of the stock is owned by corporate insiders.

Walmart Stock Up 1.2 %

Shares of Walmart stock opened at $93.05 on Wednesday. The company has a fifty day moving average price of $91.31 and a 200 day moving average price of $81.63. The company has a current ratio of 0.85, a quick ratio of 0.23 and a debt-to-equity ratio of 0.42. Walmart Inc. has a twelve month low of $53.44 and a twelve month high of $96.18. The stock has a market cap of $747.51 billion, a price-to-earnings ratio of 38.19, a price-to-earnings-growth ratio of 4.36 and a beta of 0.55.

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

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the stock. StockNews.com cut shares of Walmart from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, November 20th. TD Cowen increased their price target on shares of Walmart from $90.00 to $100.00 and gave the company a “buy” rating in a research report on Wednesday, November 20th. Morgan Stanley lifted their price objective on Walmart from $100.00 to $106.00 and gave the stock an “overweight” rating in a research report on Tuesday. Wells Fargo & Company increased their target price on Walmart from $96.00 to $100.00 and gave the company an “overweight” rating in a report on Friday, January 10th. Finally, UBS Group boosted their price target on Walmart from $92.00 to $100.00 and gave the stock a “buy” rating in a report on Wednesday, November 20th. Two equities research analysts have rated the stock with a hold rating, twenty-nine have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Walmart presently has a consensus rating of “Moderate Buy” and a consensus target price of $94.69.

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.