Quilter Plc Sells 11,632 Shares of Walmart Inc. (NYSE:WMT)

Quilter Plc decreased its position in Walmart Inc. (NYSE:WMT) by 31.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 25,411 shares of the retailer’s stock after selling 11,632 shares during the quarter. Quilter Plc’s holdings in Walmart were worth $2,296,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the company. Elser Financial Planning Inc bought a new position in Walmart in the fourth quarter worth $215,000. Opal Wealth Advisors LLC increased its holdings in shares of Walmart by 2.6% during the fourth quarter. Opal Wealth Advisors LLC now owns 7,855 shares of the retailer’s stock valued at $710,000 after acquiring an additional 202 shares in the last quarter. Elevation Wealth Partners LLC increased its holdings in shares of Walmart by 40.0% during the fourth quarter. Elevation Wealth Partners LLC now owns 525 shares of the retailer’s stock valued at $47,000 after acquiring an additional 150 shares in the last quarter. Wingate Wealth Advisors Inc. bought a new position in shares of Walmart during the fourth quarter valued at $438,000. Finally, Ferguson Wellman Capital Management Inc. increased its holdings in shares of Walmart by 4.8% during the fourth quarter. Ferguson Wellman Capital Management Inc. now owns 1,064,228 shares of the retailer’s stock valued at $96,153,000 after acquiring an additional 48,819 shares in the last quarter. Institutional investors own 26.76% of the company’s stock.

Insider Activity at Walmart

In other Walmart news, Director Robert Edward Jr. Moritz purchased 5,446 shares of the company’s stock in a transaction on Wednesday, November 27th. The stock was acquired at an average cost of $91.81 per share, for a total transaction of $499,997.26. Following the purchase, the director now directly owns 7,805 shares of the company’s stock, valued at $716,577.05. This trade represents a 230.86 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO C Douglas Mcmillon sold 29,124 shares of the company’s stock in a transaction that occurred on Wednesday, November 27th. The stock was sold at an average price of $91.44, for a total value of $2,663,098.56. Following the completion of the transaction, the chief executive officer now owns 3,814,805 shares of the company’s stock, valued at $348,825,769.20. The trade was a 0.76 % decrease in their ownership of the stock. 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 owned by company insiders.

Walmart Trading Up 1.6 %

Shares of NYSE:WMT opened at $102.77 on Tuesday. The stock has a 50 day moving average of $94.07 and a 200 day moving average of $84.36. The company has a market cap of $825.62 billion, a PE ratio of 42.18, 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 Inc. has a 12-month low of $55.85 and a 12-month high of $103.11.

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

Analyst Ratings Changes

Several brokerages have recently weighed in on WMT. Jefferies Financial Group raised their price target on Walmart from $105.00 to $111.00 and gave the company a “buy” rating in a report on Tuesday, December 17th. Oppenheimer raised their price target on Walmart from $100.00 to $110.00 and gave the company an “outperform” rating in a report on Wednesday, February 5th. UBS Group raised their price target on Walmart from $100.00 to $113.00 and gave the company a “buy” rating in a report on Friday, January 31st. Barclays raised their price target on Walmart from $90.00 to $98.00 and gave the company an “overweight” rating in a report on Thursday, January 9th. Finally, Roth Mkm lifted their price objective on Walmart from $81.00 to $97.00 and gave the stock a “buy” rating in a report on Wednesday, November 20th. Two analysts have rated the stock with a hold rating, twenty-nine have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Walmart currently has a consensus rating of “Moderate Buy” and an average target price of $96.95.

Walmart 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.