MTM Investment Management LLC Sells 129 Shares of Walmart Inc. (NYSE:WMT)

MTM Investment Management LLC trimmed its position in shares of Walmart Inc. (NYSE:WMT) by 0.4% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 31,349 shares of the retailer’s stock after selling 129 shares during the quarter. Walmart accounts for approximately 1.1% of MTM Investment Management LLC’s holdings, making the stock its 23rd largest position. MTM Investment Management LLC’s holdings in Walmart were worth $2,832,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of WMT. Brophy Wealth Management LLC purchased a new position in Walmart in the third quarter worth about $2,072,000. Bank of New Hampshire boosted its holdings in shares of Walmart by 13.7% in the fourth quarter. Bank of New Hampshire now owns 47,949 shares of the retailer’s stock worth $4,332,000 after buying an additional 5,786 shares during the last quarter. Iowa State Bank grew its position in Walmart by 213.8% during the fourth 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 period. Fisher Asset Management LLC boosted its stake 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 worth $3,848,533,000 after acquiring an additional 2,107,197 shares during the last quarter. Finally, Virtu Financial LLC purchased a new stake in shares of Walmart in the 3rd quarter worth $541,000. 26.76% of the stock is currently owned by hedge funds and other institutional investors.

Walmart Trading Up 1.4 %

Shares of NYSE WMT opened at $105.10 on Friday. The company has a market cap of $844.29 billion, a price-to-earnings ratio of 43.13, a PEG ratio of 4.25 and a beta of 0.55. Walmart Inc. has a fifty-two week low of $55.85 and a fifty-two week high of $105.24. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.23 and a current ratio of 0.85. The business’s 50 day moving average price is $94.63 and its 200-day moving average price is $84.95.

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

Analyst Ratings Changes

A number of analysts have commented on the company. Royal Bank of Canada restated an “outperform” rating and issued a $105.00 price target on shares of Walmart in a research report on Wednesday, January 15th. Citigroup upped their target price on shares of Walmart from $98.00 to $120.00 and gave the stock a “buy” rating in a report on Tuesday. Truist Financial raised their price target on Walmart from $98.00 to $111.00 and gave the company a “buy” rating in a report on Tuesday. Barclays upped their price objective on Walmart from $90.00 to $98.00 and gave the stock an “overweight” rating in a research note on Thursday, January 9th. Finally, JPMorgan Chase & Co. lifted their target price on Walmart from $97.00 to $112.00 and gave the company an “overweight” rating in a research note on Monday. Two investment analysts have rated the stock with a hold rating, twenty-nine have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $98.85.

Insiders Place Their Bets

In other Walmart news, Director Robert Edward Jr. Moritz acquired 5,446 shares of the company’s stock in a transaction dated Wednesday, November 27th. The shares were purchased at an average cost of $91.81 per share, for a total transaction of $499,997.26. Following the completion of the purchase, the director now owns 7,805 shares in the company, valued at approximately $716,577.05. This trade represents a 230.86 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, EVP Daniel J. Bartlett sold 1,830 shares of the company’s stock in a transaction on Wednesday, January 15th. The stock was sold at an average price of $91.07, for a total value of $166,658.10. Following the sale, the executive vice president now owns 460,705 shares of the company’s stock, valued at approximately $41,956,404.35. This represents a 0.40 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 175,177 shares of company stock worth $16,403,728. 45.58% of the stock is currently owned by company insiders.

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.