PFG Investments LLC Reduces Stake in Walmart Inc. (NYSE:WMT)

PFG Investments LLC lowered its holdings in Walmart Inc. (NYSE:WMT) by 2.0% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 101,492 shares of the retailer’s stock after selling 2,101 shares during the quarter. Walmart comprises 0.6% of PFG Investments LLC’s investment portfolio, making the stock its 24th biggest holding. PFG Investments LLC’s holdings in Walmart were worth $9,170,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the business. Peterson Financial Group Inc. purchased a new position in Walmart during the 3rd quarter worth approximately $26,000. Decker Retirement Planning Inc. purchased a new position in Walmart during the 4th quarter worth approximately $32,000. Voisard Asset Management Group Inc. grew its stake in Walmart by 77.3% during the 3rd quarter. Voisard Asset Management Group Inc. now owns 399 shares of the retailer’s stock worth $32,000 after buying an additional 174 shares during the last quarter. Hoese & Co LLP purchased a new position in Walmart during the 3rd quarter worth approximately $33,000. Finally, Livelsberger Financial Advisory purchased a new position in Walmart during the 3rd quarter worth approximately $36,000. Hedge funds and other institutional investors own 26.76% of the company’s stock.

Walmart Stock Performance

Shares of WMT stock opened at $97.36 on Wednesday. The stock has a fifty day moving average price of $92.29 and a 200 day moving average price of $82.49. The stock has a market cap of $782.16 billion, a PE ratio of 39.96, a P/E/G ratio of 4.42 and a beta of 0.55. Walmart Inc. has a 1 year low of $54.51 and a 1 year high of $97.84. 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 issued 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. The firm had revenue of $169.59 billion during the quarter, compared to analysts’ expectations of $167.69 billion. Walmart had a return on equity of 21.78% and a net margin of 2.92%. Walmart’s revenue was up 5.5% on a year-over-year basis. During the same period in the previous year, the firm posted $0.51 earnings per share. Sell-side analysts forecast that Walmart Inc. will post 2.48 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts recently issued reports on WMT shares. StockNews.com downgraded Walmart from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, November 20th. Jefferies Financial Group raised their price target on Walmart from $105.00 to $111.00 and gave the stock a “buy” rating in a research note on Tuesday, December 17th. DZ Bank cut 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. Evercore ISI increased 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. Finally, Truist Financial increased their price objective on Walmart from $89.00 to $98.00 and gave the stock a “buy” 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 assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $94.69.

Insider Buying and Selling

In other Walmart news, CEO C Douglas Mcmillon sold 29,124 shares of the firm’s stock in a transaction on Wednesday, November 27th. The stock was sold at an average price of $91.44, for a total transaction of $2,663,098.56. Following the completion of the transaction, the chief executive officer now owns 3,814,805 shares of the company’s stock, valued at approximately $348,825,769.20. This trade represents a 0.76 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP John D. Rainey sold 3,000 shares of the firm’s stock in a transaction 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 transaction, the executive vice president now directly owns 378,165 shares of the company’s stock, valued at $31,054,909.80. The trade was a 0.79 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 140,177 shares of company stock valued at $12,895,688. 45.58% of the stock is owned by insiders.

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.