NTV Asset Management LLC Sells 3,541 Shares of Walmart Inc. (NYSE:WMT)

NTV Asset Management LLC reduced its holdings in Walmart Inc. (NYSE:WMT) by 8.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 36,374 shares of the retailer’s stock after selling 3,541 shares during the period. NTV Asset Management LLC’s holdings in Walmart were worth $3,286,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the business. Fiduciary Advisors Inc. acquired a new position in Walmart during the 4th quarter valued at $27,000. Peterson Financial Group Inc. acquired a new position in shares of Walmart during the third quarter valued at about $26,000. Decker Retirement Planning Inc. bought a new stake in shares of Walmart in the fourth quarter valued at about $32,000. Voisard Asset Management Group Inc. grew its position in Walmart by 77.3% during the third quarter. Voisard Asset Management Group Inc. now owns 399 shares of the retailer’s stock worth $32,000 after buying an additional 174 shares in the last quarter. Finally, Livelsberger Financial Advisory acquired a new stake in Walmart during the third quarter worth about $36,000. 26.76% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages have commented on WMT. JPMorgan Chase & Co. raised their price objective on Walmart from $97.00 to $112.00 and gave the stock an “overweight” rating in a research report on Monday, February 10th. Robert W. Baird raised their target price on Walmart from $90.00 to $100.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 20th. Guggenheim boosted their price target on shares of Walmart from $90.00 to $100.00 and gave the company a “buy” rating in a report on Wednesday, November 20th. UBS Group raised their price objective on shares of Walmart from $100.00 to $113.00 and gave the stock a “buy” rating in a report on Friday, January 31st. Finally, Jefferies Financial Group upped their target price on shares of Walmart from $105.00 to $111.00 and gave the company 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 issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $100.53.

Insider Activity at Walmart

In other news, EVP John D. Rainey sold 38,000 shares of the business’s stock in a transaction dated 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 transaction, the executive vice president now directly owns 257,281 shares in the company, valued at approximately $25,419,362.80. The trade was a 12.87 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP John R. Furner sold 13,125 shares of the stock in a transaction that occurred on Thursday, January 23rd. The shares were sold at an average price of $92.96, for a total transaction of $1,220,100.00. Following the completion of the sale, the executive vice president now owns 568,626 shares in the company, valued at $52,859,472.96. This represents a 2.26 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 175,177 shares of company stock worth $16,403,728. 45.58% of the stock is owned by insiders.

Walmart Stock Down 1.0 %

Shares of NYSE WMT opened at $104.04 on Tuesday. The firm’s 50-day moving average is $94.99 and its 200-day moving average is $85.56. Walmart Inc. has a 1 year low of $55.99 and a 1 year high of $105.30. The firm has a market capitalization of $835.78 billion, a PE ratio of 42.70, a price-to-earnings-growth ratio of 4.25 and a beta of 0.55. The company has a current ratio of 0.85, a quick ratio of 0.23 and a debt-to-equity ratio of 0.42.

Walmart (NYSE:WMT) last issued its 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. Walmart had a net margin of 2.92% and a return on equity of 21.78%. The company 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 company posted $0.51 EPS. The business’s revenue for the quarter was up 5.5% compared to the same quarter last year. Equities analysts expect that Walmart Inc. will post 2.48 EPS for the current year.

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.