Walmart Inc. (NYSE:WMT) Shares Sold by Core Alternative Capital

Core Alternative Capital reduced its holdings in Walmart Inc. (NYSE:WMT) by 12.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 119,177 shares of the retailer’s stock after selling 16,538 shares during the quarter. Walmart makes up approximately 2.3% of Core Alternative Capital’s holdings, making the stock its 8th largest holding. Core Alternative Capital’s holdings in Walmart were worth $10,768,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of the business. Redhawk Wealth Advisors Inc. grew its stake in shares of Walmart by 7.3% during the third quarter. Redhawk Wealth Advisors Inc. now owns 12,538 shares of the retailer’s stock valued at $1,012,000 after purchasing an additional 854 shares during the last quarter. Creative Planning boosted its position in Walmart by 4.9% in the 3rd quarter. Creative Planning now owns 1,800,743 shares of the retailer’s stock valued at $142,973,000 after buying an additional 83,376 shares during the last quarter. Allen Mooney & Barnes Investment Advisors LLC increased its stake in shares of Walmart by 0.7% in the 3rd quarter. Allen Mooney & Barnes Investment Advisors LLC now owns 45,765 shares of the retailer’s stock valued at $3,695,000 after buying an additional 298 shares during the period. Cliftonlarsonallen Wealth Advisors LLC raised its position in shares of Walmart by 5.2% during the third quarter. Cliftonlarsonallen Wealth Advisors LLC now owns 17,448 shares of the retailer’s stock worth $1,409,000 after acquiring an additional 866 shares during the last quarter. Finally, Occidental Asset Management LLC lifted its stake in shares of Walmart by 5.0% during the third quarter. Occidental Asset Management LLC now owns 69,085 shares of the retailer’s stock valued at $5,579,000 after acquiring an additional 3,278 shares during the period. 26.76% of the stock is currently owned by institutional investors.

Walmart Stock Performance

Shares of Walmart stock opened at $102.45 on Wednesday. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.85 and a quick ratio of 0.23. The firm has a market cap of $822.98 billion, a price-to-earnings ratio of 42.04, a price-to-earnings-growth ratio of 4.25 and a beta of 0.55. The stock’s 50-day moving average is $94.27 and its 200-day moving average is $84.59. Walmart Inc. has a one year low of $55.85 and a one year high of $103.11.

Walmart (NYSE:WMT) last released 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. The firm had revenue of $169.59 billion for 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 business’s quarterly revenue was up 5.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.51 EPS. Equities analysts predict that Walmart Inc. will post 2.48 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Walmart news, CEO C Douglas Mcmillon sold 29,124 shares of the business’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 transaction of $2,663,098.56. Following 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Daniel J. Bartlett sold 1,830 shares of the company’s stock in a transaction that occurred 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 in the company, 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. Over the last 90 days, insiders sold 175,177 shares of company stock worth $16,403,728. 45.58% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on WMT. TD Cowen lifted their price objective on Walmart from $90.00 to $100.00 and gave the stock a “buy” rating in a research report on Wednesday, November 20th. Telsey Advisory Group lifted their price target on shares of Walmart from $92.00 to $100.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 19th. Jefferies Financial Group boosted their price target on shares of Walmart from $105.00 to $111.00 and gave the stock a “buy” rating in a research note on Tuesday, December 17th. DZ Bank cut shares of Walmart from a “buy” rating to a “hold” rating and set a $91.00 price objective on the stock. in a research note on Thursday, November 21st. Finally, StockNews.com cut shares of Walmart from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, November 20th. Two equities research analysts have rated the stock with a hold rating, twenty-nine have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $98.08.

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.