Callahan Advisors LLC Cuts Stock Position in Walmart Inc. (NYSE:WMT)

Callahan Advisors LLC lessened its position in Walmart Inc. (NYSE:WMT) by 2.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 202,905 shares of the retailer’s stock after selling 4,329 shares during the quarter. Walmart makes up 1.7% of Callahan Advisors LLC’s investment portfolio, making the stock its 14th largest holding. Callahan Advisors LLC’s holdings in Walmart were worth $18,332,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Proactive Wealth Strategies LLC purchased a new stake in shares of Walmart in the 4th quarter valued at $1,484,000. Buckingham Capital Management Inc. raised its holdings in shares of Walmart by 36.1% in the 4th quarter. Buckingham Capital Management Inc. now owns 4,523 shares of the retailer’s stock valued at $409,000 after buying an additional 1,200 shares during the period. Atria Wealth Solutions Inc. raised its holdings in shares of Walmart by 3.5% in the 4th quarter. Atria Wealth Solutions Inc. now owns 290,726 shares of the retailer’s stock valued at $26,311,000 after buying an additional 9,794 shares during the period. GAM Holding AG purchased a new stake in shares of Walmart in the 4th quarter valued at $2,040,000. Finally, Venturi Wealth Management LLC raised its holdings in shares of Walmart by 12.9% in the 4th quarter. Venturi Wealth Management LLC now owns 251,436 shares of the retailer’s stock valued at $22,717,000 after buying an additional 28,801 shares during the period. Hedge funds and other institutional investors own 26.76% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently commented on WMT. Telsey Advisory Group boosted their target price on Walmart from $105.00 to $115.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 12th. KeyCorp boosted their target price on Walmart from $96.00 to $100.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 11th. JPMorgan Chase & Co. boosted their target price on Walmart from $97.00 to $112.00 and gave the stock an “overweight” rating in a research note on Monday, February 10th. Stifel Nicolaus boosted their target price on Walmart from $89.00 to $94.00 and gave the stock a “hold” rating in a research note on Tuesday, December 10th. Finally, Oppenheimer boosted their target price on Walmart from $100.00 to $110.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 5th. Two analysts have rated the stock with a hold rating, twenty-nine have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Walmart presently has an average rating of “Moderate Buy” and an average price target of $101.87.

Insider Buying and Selling at Walmart

In other Walmart news, EVP John D. Rainey sold 38,000 shares of the company’s stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $98.80, for a total transaction of $3,754,400.00. Following the completion of the sale, the executive vice president now directly owns 257,281 shares of the company’s stock, valued at $25,419,362.80. This represents a 12.87 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Daniel J. Bartlett sold 1,830 shares of the company’s stock in a transaction that occurred on Wednesday, January 15th. The shares were sold at an average price of $91.07, for a total value of $166,658.10. Following 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 represents a 0.40 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 175,177 shares of company stock valued at $16,403,728 in the last ninety days. Insiders own 45.58% of the company’s stock.

Walmart Stock Down 0.3 %

Shares of NYSE WMT opened at $103.73 on Wednesday. The business has a 50-day moving average price of $95.38 and a 200 day moving average price of $86.05. 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 stock has a market cap of $833.31 billion, a PE ratio of 42.57, a price-to-earnings-growth ratio of 4.30 and a beta of 0.55. Walmart Inc. has a 52-week low of $57.60 and a 52-week high of $105.30.

Walmart (NYSE:WMT) last posted its quarterly earnings data on Tuesday, November 19th. The retailer reported $0.58 EPS for the quarter, beating the consensus estimate of $0.53 by $0.05. The firm 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 firm’s revenue was up 5.5% compared to the same quarter last year. During the same period in the prior year, the business earned $0.51 EPS. Equities research analysts forecast that Walmart Inc. will post 2.48 earnings per share for the current year.

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.