Smith Salley Wealth Management Sells 607 Shares of Walmart Inc. (NYSE:WMT)

Smith Salley Wealth Management decreased its stake in Walmart Inc. (NYSE:WMT) by 0.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 69,500 shares of the retailer’s stock after selling 607 shares during the period. Smith Salley Wealth Management’s holdings in Walmart were worth $6,279,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Peterson Financial Group Inc. acquired a new stake in shares of Walmart in the third quarter valued at about $26,000. Voisard Asset Management Group Inc. grew its stake in Walmart by 77.3% in the third quarter. Voisard Asset Management Group Inc. now owns 399 shares of the retailer’s stock valued at $32,000 after acquiring an additional 174 shares during the period. Decker Retirement Planning Inc. acquired a new stake in Walmart in the fourth quarter valued at approximately $32,000. Hoese & Co LLP acquired a new stake in Walmart in the third quarter valued at approximately $33,000. Finally, Livelsberger Financial Advisory bought a new position in shares of Walmart in the third quarter valued at approximately $36,000. Institutional investors and hedge funds own 26.76% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on WMT shares. Redburn Atlantic upgraded Walmart to a “strong-buy” rating in a report on Monday, September 23rd. DZ Bank cut Walmart from a “buy” rating to a “hold” rating and set a $91.00 price target on the stock. in a research report on Thursday, November 21st. TD Cowen boosted 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. Melius Research initiated coverage on Walmart in a research note on Monday, September 23rd. They set a “buy” rating and a $95.00 price objective on the stock. Finally, Stifel Nicolaus upped their target price on Walmart from $89.00 to $94.00 and gave the stock a “hold” rating in a research note on Tuesday, December 10th. Two research analysts have rated the stock with a hold rating, twenty-nine have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $94.49.

Insider Activity at Walmart

In other Walmart news, EVP John R. Furner sold 13,125 shares of Walmart stock in a transaction on Thursday, October 24th. The stock was sold at an average price of $82.96, for a total value of $1,088,850.00. Following the completion of the sale, the executive vice president now owns 593,040 shares of the company’s stock, valued at approximately $49,198,598.40. This trade represents a 2.17 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP David Chojnowski sold 5,600 shares of the firm’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 completion of the transaction, the senior vice president now owns 87,404 shares in the company, valued at approximately $7,993,095.80. This trade represents a 6.02 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 140,177 shares of company stock valued at $12,478,149 in the last 90 days. Corporate insiders own 45.58% of the company’s stock.

Walmart Trading Up 0.8 %

NYSE WMT opened at $92.02 on Monday. Walmart Inc. has a fifty-two week low of $53.44 and a fifty-two week high of $96.18. 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 stock has a 50 day simple moving average of $91.15 and a two-hundred day simple moving average of $81.37. The stock has a market cap of $739.19 billion, a P/E ratio of 37.76, a price-to-earnings-growth ratio of 4.41 and a beta of 0.55.

Walmart (NYSE:WMT) last released its earnings results on Tuesday, November 19th. The retailer reported $0.58 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 analysts’ expectations of $167.69 billion. Walmart had a return on equity of 21.78% and a net margin of 2.92%. The firm’s revenue for the quarter was up 5.5% compared to the same quarter last year. During the same quarter last year, the business posted $0.51 EPS. On average, analysts forecast that Walmart Inc. will post 2.47 earnings per share for the current year.

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.