Walmart Inc. (NYSE:WMT) Shares Sold by SNS Financial Group LLC

SNS Financial Group LLC cut its stake in Walmart Inc. (NYSE:WMT) by 3.5% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,201 shares of the retailer’s stock after selling 153 shares during the period. SNS Financial Group LLC’s holdings in Walmart were worth $380,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Peterson Financial Group Inc. acquired a new stake in Walmart during the 3rd quarter valued at approximately $26,000. Fiduciary Advisors Inc. acquired a new stake in Walmart during the 4th quarter valued at approximately $27,000. Voisard Asset Management Group Inc. lifted 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 valued at $32,000 after acquiring an additional 174 shares during the period. Decker Retirement Planning Inc. acquired a new stake in Walmart during the 4th quarter valued at approximately $32,000. Finally, Hara Capital LLC acquired a new stake in Walmart during the 3rd quarter valued at approximately $37,000. 26.76% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, CEO C Douglas Mcmillon sold 29,124 shares of the business’s stock in a transaction dated Wednesday, November 27th. The shares were sold at an average price of $91.44, for a total transaction of $2,663,098.56. Following the transaction, the chief executive officer now owns 3,814,805 shares of the company’s stock, valued at approximately $348,825,769.20. The trade was a 0.76 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Daniel J. Bartlett sold 1,830 shares of the business’s stock in a transaction dated Wednesday, January 15th. The shares were sold at an average price of $91.07, for a total transaction of $166,658.10. Following the transaction, the executive vice president now directly owns 460,705 shares in the company, valued at approximately $41,956,404.35. The trade was a 0.40 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 175,177 shares of company stock valued at $16,403,728. 45.58% of the stock is currently owned by insiders.

Walmart Trading Up 0.1 %

Shares of WMT opened at $103.90 on Thursday. Walmart Inc. has a 52-week low of $57.60 and a 52-week high of $105.30. The company has a quick ratio of 0.23, a current ratio of 0.85 and a debt-to-equity ratio of 0.42. The firm’s fifty day moving average is $95.56 and its two-hundred day moving average is $86.17. The stock has a market cap of $834.69 billion, a PE ratio of 42.64, a price-to-earnings-growth ratio of 4.39 and a beta of 0.55.

Walmart (NYSE:WMT) last announced its earnings results 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 company had revenue of $169.59 billion for the quarter, compared to analysts’ expectations of $167.69 billion. Walmart had a net margin of 2.92% and a return on equity of 21.78%. The firm’s quarterly revenue was up 5.5% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.51 EPS. Research analysts forecast that Walmart Inc. will post 2.48 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several brokerages have commented on WMT. UBS Group lifted their price objective on shares of Walmart from $100.00 to $113.00 and gave the company a “buy” rating in a research note on Friday, January 31st. Robert W. Baird lifted their target price on shares of Walmart from $100.00 to $115.00 and gave the company an “outperform” rating in a report on Tuesday. Truist Financial lifted their target price on shares of Walmart from $98.00 to $111.00 and gave the company a “buy” rating in a report on Tuesday, February 11th. Guggenheim lifted their target price on shares of Walmart from $90.00 to $100.00 and gave the company a “buy” rating in a report on Wednesday, November 20th. Finally, Barclays lifted their target price on shares of Walmart from $98.00 to $108.00 and gave the company an “overweight” rating in a report on Friday, February 14th. 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. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $101.87.

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.