Magnolia Capital Advisors LLC Has $1.58 Million Holdings in Walmart Inc. (NYSE:WMT)

Magnolia Capital Advisors LLC cut its holdings in shares of Walmart Inc. (NYSE:WMT) by 24.3% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 17,495 shares of the retailer’s stock after selling 5,608 shares during the quarter. Walmart accounts for about 0.8% of Magnolia Capital Advisors LLC’s investment portfolio, making the stock its 29th largest holding. Magnolia Capital Advisors LLC’s holdings in Walmart were worth $1,581,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Brophy Wealth Management LLC acquired a new stake in shares of Walmart during the 3rd quarter valued at about $2,072,000. Bank of New Hampshire lifted its holdings in shares of Walmart by 13.7% during the 4th quarter. Bank of New Hampshire now owns 47,949 shares of the retailer’s stock valued at $4,332,000 after buying an additional 5,786 shares during the last quarter. Iowa State Bank lifted its holdings in shares of Walmart by 213.8% during the 4th quarter. Iowa State Bank now owns 26,807 shares of the retailer’s stock valued at $2,422,000 after buying an additional 18,263 shares during the last quarter. Fisher Asset Management LLC lifted its holdings in shares of Walmart by 4.6% during the 3rd quarter. Fisher Asset Management LLC now owns 47,659,844 shares of the retailer’s stock valued at $3,848,533,000 after buying an additional 2,107,197 shares during the last quarter. Finally, Virtu Financial LLC acquired a new stake in shares of Walmart during the 3rd quarter valued at about $541,000. 26.76% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on WMT shares. Jefferies Financial Group raised their price objective on Walmart from $105.00 to $111.00 and gave the company a “buy” rating in a research note on Tuesday, December 17th. Wells Fargo & Company raised their price objective on Walmart from $100.00 to $108.00 and gave the company an “overweight” rating in a research note on Monday. Stifel Nicolaus raised their price objective on Walmart from $89.00 to $94.00 and gave the company a “hold” rating in a research note on Tuesday, December 10th. Royal Bank of Canada reissued an “outperform” rating and issued a $105.00 price objective on shares of Walmart in a research note on Wednesday, January 15th. Finally, Piper Sandler raised their price objective on Walmart from $83.00 to $93.00 and gave the company an “overweight” rating in a research note on Monday, November 18th. Two research analysts have rated the stock with a hold rating, twenty-nine have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $95.37.

Insiders Place Their Bets

In other Walmart news, SVP David Chojnowski sold 5,600 shares of the business’s stock in a transaction on Wednesday, November 27th. The stock was sold at an average price of $91.45, for a total value of $512,120.00. Following the transaction, the senior vice president now owns 87,404 shares of the company’s stock, valued at approximately $7,993,095.80. The trade was a 6.02 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP John R. Furner sold 13,125 shares of the business’s stock in a transaction on Thursday, January 23rd. The stock was sold at an average price of $92.96, for a total value of $1,220,100.00. Following the completion of the transaction, the executive vice president now directly owns 568,626 shares in the company, valued at approximately $52,859,472.96. This represents a 2.26 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 137,177 shares of company stock valued at $12,649,328. 45.58% of the stock is currently owned by corporate insiders.

Walmart Price Performance

Shares of WMT stock opened at $100.92 on Wednesday. The stock’s fifty day simple moving average is $93.27 and its 200 day simple moving average is $83.48. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.85 and a quick ratio of 0.23. The firm has a market cap of $810.71 billion, a price-to-earnings ratio of 41.42, a P/E/G ratio of 4.49 and a beta of 0.55. Walmart Inc. has a one year low of $55.85 and a one year high of $100.95.

Walmart (NYSE:WMT) last announced its quarterly earnings results on Tuesday, November 19th. The retailer reported $0.58 EPS for the quarter, beating the consensus estimate of $0.53 by $0.05. The business had revenue of $169.59 billion for the quarter, compared to analyst estimates of $167.69 billion. Walmart had a return on equity of 21.78% and a net margin of 2.92%. Walmart’s quarterly revenue was up 5.5% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.51 EPS. On average, analysts expect that Walmart Inc. will post 2.48 earnings per share for the current fiscal 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.