Hilltop Wealth Advisors LLC Sells 469 Shares of Walmart Inc. (NYSE:WMT)

Hilltop Wealth Advisors LLC decreased its holdings in shares of Walmart Inc. (NYSE:WMT) by 14.9% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 2,688 shares of the retailer’s stock after selling 469 shares during the period. Hilltop Wealth Advisors LLC’s holdings in Walmart were worth $243,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Peterson Financial Group Inc. purchased a new stake in Walmart during the third quarter valued at about $26,000. Voisard Asset Management Group Inc. lifted its position in 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 buying an additional 174 shares during the last quarter. Hoese & Co LLP purchased a new stake in Walmart in the third quarter worth approximately $33,000. Livelsberger Financial Advisory bought a new position in Walmart during the third quarter valued at approximately $36,000. Finally, Hara Capital LLC purchased a new position in shares of Walmart during the third quarter worth approximately $37,000. 26.76% of the stock is currently owned by hedge funds and other institutional investors.

Walmart Stock Up 0.6 %

Shares of WMT traded up $0.54 on Wednesday, hitting $91.35. 4,210,914 shares of the stock traded hands, compared to its average volume of 11,062,158. Walmart Inc. has a one year low of $52.58 and a one year high of $96.18. The company has a market capitalization of $733.85 billion, a PE ratio of 37.49, a P/E/G ratio of 4.47 and a beta of 0.55. The business has a 50 day simple moving average of $89.76 and a 200 day simple moving average of $80.13. 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 posted its quarterly earnings results on Tuesday, November 19th. The retailer reported $0.58 earnings per share for the quarter, topping 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 analysts’ expectations of $167.69 billion. During the same quarter in the previous year, the business earned $0.51 earnings per share. The company’s revenue was up 5.5% on a year-over-year basis. As a group, equities analysts forecast that Walmart Inc. will post 2.47 earnings per share for the current fiscal year.

Insider Activity

In related news, SVP David Chojnowski sold 5,600 shares of the company’s stock in a transaction on Wednesday, November 27th. The stock was sold at an average price of $91.45, for a total transaction of $512,120.00. Following the completion of the sale, the senior vice president now owns 87,404 shares in the company, valued at approximately $7,993,095.80. This represents a 6.02 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Daniel J. Bartlett sold 2,065 shares of the firm’s stock in a transaction dated Tuesday, October 15th. The stock was sold at an average price of $80.69, for a total value of $166,624.85. Following the completion of the transaction, the executive vice president now directly owns 457,493 shares in the company, valued at $36,915,110.17. The trade was a 0.45 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 140,412 shares of company stock valued at $12,478,116 over the last three months. Insiders own 45.58% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently commented on WMT. Barclays increased their target price on shares of Walmart from $78.00 to $90.00 and gave the company an “overweight” rating in a report on Friday, November 22nd. UBS Group lifted their price objective on Walmart from $92.00 to $100.00 and gave the stock a “buy” rating in a report on Wednesday, November 20th. Oppenheimer boosted their target price on Walmart from $81.00 to $90.00 and gave the company an “outperform” rating in a research note on Monday, October 14th. Wells Fargo & Company lifted their price target on Walmart from $90.00 to $96.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 20th. Finally, TD Cowen increased their price objective on Walmart from $90.00 to $100.00 and gave the company a “buy” rating in a research note 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 issued a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $93.69.

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.