Walmart Inc. (NYSE:WMT) Shares Sold by Armor Investment Advisors LLC

Armor Investment Advisors LLC cut its stake in Walmart Inc. (NYSE:WMT) by 4.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 17,241 shares of the retailer’s stock after selling 863 shares during the quarter. Armor Investment Advisors LLC’s holdings in Walmart were worth $1,558,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of the stock. Fiduciary Advisors Inc. purchased a new position in shares of Walmart in the 4th quarter valued at about $27,000. Peterson Financial Group Inc. purchased a new stake in shares of Walmart in the third quarter valued at approximately $26,000. Decker Retirement Planning Inc. purchased a new stake in shares of Walmart in the fourth quarter valued at approximately $32,000. Voisard Asset Management Group Inc. increased its position in shares of 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 buying an additional 174 shares in the last quarter. Finally, Livelsberger Financial Advisory acquired a new position in shares of Walmart during the 3rd quarter worth approximately $36,000. Hedge funds and other institutional investors own 26.76% of the company’s stock.

Insider Activity at Walmart

In other Walmart news, CEO C Douglas Mcmillon sold 29,124 shares of the firm’s stock in a transaction that occurred on Wednesday, November 27th. The shares were 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. This trade represents a 0.76 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, EVP John D. Rainey sold 38,000 shares of the company’s stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $98.80, for a total value of $3,754,400.00. Following the sale, the executive vice president now directly owns 257,281 shares in the company, valued at $25,419,362.80. This represents a 12.87 % decrease in their position. 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. Corporate insiders own 45.58% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently issued reports on the stock. Jefferies Financial Group lifted their target price on shares of Walmart from $105.00 to $111.00 and gave the company a “buy” rating in a research report on Tuesday, December 17th. Tigress Financial lifted their price objective on Walmart from $86.00 to $115.00 and gave the stock a “buy” rating in a report on Friday, December 13th. BMO Capital Markets boosted their price objective on Walmart from $80.00 to $100.00 and gave the stock an “outperform” rating in a research note on Monday, November 18th. Citigroup raised their target price on Walmart from $98.00 to $120.00 and gave the company a “buy” rating in a research report on Tuesday. Finally, Bank of America boosted their price target on Walmart from $95.00 to $105.00 and gave the stock a “buy” rating in a research report on Wednesday, November 20th. Two 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 company’s stock. According to data from MarketBeat, Walmart presently has a consensus rating of “Moderate Buy” and an average price target of $98.08.

Walmart Trading Down 0.5 %

Shares of NYSE WMT opened at $102.45 on Wednesday. The company has a current ratio of 0.85, a quick ratio of 0.23 and a debt-to-equity ratio of 0.42. The stock has a market capitalization of $822.98 billion, a PE ratio of 42.04, a PEG ratio of 4.25 and a beta of 0.55. Walmart Inc. has a twelve month low of $55.85 and a twelve month high of $103.11. The stock has a fifty day simple moving average of $94.27 and a 200-day simple moving average of $84.59.

Walmart (NYSE:WMT) last announced 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%. Walmart’s revenue for the quarter was up 5.5% on a year-over-year basis. During the same period last year, the business posted $0.51 EPS. On average, equities analysts forecast that Walmart Inc. will post 2.48 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.