Exeter Financial LLC Sells 2,918 Shares of Walmart Inc. (NYSE:WMT)

Exeter Financial LLC cut its stake in Walmart Inc. (NYSE:WMT) by 3.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 75,509 shares of the retailer’s stock after selling 2,918 shares during the period. Walmart comprises approximately 3.1% of Exeter Financial LLC’s portfolio, making the stock its 6th largest position. Exeter Financial LLC’s holdings in Walmart were worth $6,822,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Peterson Financial Group Inc. purchased a new position in Walmart in the 3rd quarter valued at $26,000. Voisard Asset Management Group Inc. lifted its stake in shares of Walmart by 77.3% in the 3rd 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 period. Hoese & Co LLP acquired a new stake in shares of Walmart in the 3rd quarter worth $33,000. Livelsberger Financial Advisory purchased a new stake in shares of Walmart in the third quarter valued at about $36,000. Finally, Hara Capital LLC acquired a new position in shares of Walmart during the third quarter worth about $37,000. Institutional investors and hedge funds own 26.76% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently commented on WMT. DZ Bank downgraded shares of Walmart from a “buy” rating to a “hold” rating and set a $91.00 price objective for the company. in a research report on Thursday, November 21st. Truist Financial raised their price target on Walmart from $89.00 to $98.00 and gave the company a “buy” rating in a report on Wednesday, November 20th. 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. Wells Fargo & Company raised their target price on Walmart from $96.00 to $100.00 and gave the company an “overweight” rating in a report on Friday. Finally, Royal Bank of Canada boosted their target price on shares of Walmart from $88.00 to $92.00 and gave the stock an “overweight” rating in a research report on Monday, November 18th. Two investment 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. Based on data from MarketBeat.com, Walmart has an average rating of “Moderate Buy” and a consensus target price of $94.08.

Walmart Trading Down 1.7 %

Shares of WMT opened at $91.39 on Tuesday. Walmart Inc. has a fifty-two week low of $53.44 and a fifty-two week high of $96.18. The company has a market capitalization of $734.17 billion, a PE ratio of 37.51, a price-to-earnings-growth ratio of 4.47 and a beta of 0.55. The stock has a fifty day moving average of $90.56 and a two-hundred day moving average of $80.80. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.23 and a current ratio of 0.85.

Walmart (NYSE:WMT) last released its earnings results on Tuesday, November 19th. The retailer reported $0.58 EPS for the quarter, beating 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 firm had revenue of $169.59 billion during the quarter, compared to analyst estimates of $167.69 billion. During the same period in the prior year, the firm posted $0.51 earnings per share. The business’s quarterly revenue was up 5.5% compared to the same quarter last year. As a group, analysts forecast that Walmart Inc. will post 2.47 EPS for the current year.

Insider Transactions at Walmart

In other Walmart news, EVP John D. Rainey sold 3,000 shares of the company’s stock in a transaction dated Friday, November 1st. The stock was sold at an average price of $82.12, for a total transaction of $246,360.00. Following the completion of the sale, the executive vice president now directly owns 378,165 shares in the company, valued at $31,054,909.80. This represents a 0.79 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO C Douglas Mcmillon sold 29,124 shares of Walmart stock in a transaction dated Thursday, October 24th. The shares were sold at an average price of $82.79, for a total value 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. This represents a 0.75 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 138,347 shares of company stock worth $12,311,491 in the last three months. Company insiders own 45.58% of the company’s stock.

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.