Canal Insurance CO Cuts Position in Walmart Inc. (NYSE:WMT)

Canal Insurance CO lowered its position in shares of Walmart Inc. (NYSE:WMT) by 19.4% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 105,000 shares of the retailer’s stock after selling 25,250 shares during the quarter. Walmart comprises approximately 2.5% of Canal Insurance CO’s holdings, making the stock its 15th largest holding. Canal Insurance CO’s holdings in Walmart were worth $9,487,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of WMT. Baldwin Wealth Partners LLC MA increased its holdings in Walmart by 29.2% in the 4th quarter. Baldwin Wealth Partners LLC MA now owns 5,705 shares of the retailer’s stock valued at $515,000 after purchasing an additional 1,289 shares in the last quarter. West Wealth Group LLC boosted its position in shares of Walmart by 6.1% in the fourth quarter. West Wealth Group LLC now owns 4,980 shares of the retailer’s stock worth $450,000 after buying an additional 288 shares during the period. Lighthouse Wealth Management Inc. purchased a new stake in shares of Walmart during the 4th quarter valued at about $223,000. Mariner Investment Group LLC purchased a new stake in shares of Walmart during the 4th quarter valued at about $904,000. Finally, CKW Financial Group lifted its position in Walmart by 5.0% during the 4th quarter. CKW Financial Group now owns 6,357 shares of the retailer’s stock worth $574,000 after acquiring an additional 300 shares in the last quarter. Institutional investors and hedge funds own 26.76% of the company’s stock.

Walmart Trading Up 0.3 %

Shares of NYSE:WMT opened at $97.55 on Thursday. 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 company’s 50-day moving average price is $92.50 and its 200 day moving average price is $82.69. The company has a market cap of $783.66 billion, a PE ratio of 40.03, a P/E/G ratio of 4.42 and a beta of 0.55. Walmart Inc. has a fifty-two week low of $54.54 and a fifty-two week high of $98.17.

Walmart (NYSE:WMT) last released its quarterly earnings results on Tuesday, November 19th. The retailer reported $0.58 earnings per share for the quarter, beating analysts’ consensus estimates of $0.53 by $0.05. Walmart had a return on equity of 21.78% and a net margin of 2.92%. The company had revenue of $169.59 billion for the quarter, compared to analysts’ expectations of $167.69 billion. During the same quarter in the previous year, the company posted $0.51 earnings per share. The business’s revenue for the quarter was up 5.5% compared to the same quarter last year. Sell-side analysts anticipate that Walmart Inc. will post 2.48 earnings per share for the current year.

Analyst Ratings Changes

A number of research firms have recently issued reports on WMT. Piper Sandler lifted their price objective on shares of Walmart from $83.00 to $93.00 and gave the company an “overweight” rating in a research note on Monday, November 18th. Morgan Stanley lifted their price target on shares of Walmart from $100.00 to $106.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 21st. TD Cowen upped their price objective 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. Barclays lifted their target price on Walmart from $90.00 to $98.00 and gave the stock an “overweight” rating in a research report on Thursday, January 9th. Finally, Jefferies Financial Group boosted 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. Two investment analysts have rated the stock with a hold rating, twenty-nine have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $94.69.

Insiders Place Their Bets

In other news, EVP John R. Furner sold 13,125 shares of the company’s stock in a transaction that occurred on Thursday, January 23rd. The shares were sold at an average price of $92.96, for a total value of $1,220,100.00. Following the completion of the sale, the executive vice president now directly owns 568,626 shares of the company’s stock, valued at approximately $52,859,472.96. This represents a 2.26 % decrease in their position. The sale was disclosed in a legal 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 that occurred on Friday, November 1st. The shares were sold at an average price of $82.12, for a total transaction of $246,360.00. Following the transaction, the executive vice president now owns 378,165 shares in the company, valued at $31,054,909.80. This represents a 0.79 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 140,177 shares of company stock worth $12,895,688. 45.58% of the stock is owned by company insiders.

Walmart Company 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.