Walmart Inc. (NYSE:WMT) Shares Sold by Prospect Financial Services LLC

Prospect Financial Services LLC lowered its stake in shares of Walmart Inc. (NYSE:WMT) by 14.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,026 shares of the retailer’s stock after selling 500 shares during the quarter. Prospect Financial Services LLC’s holdings in Walmart were worth $273,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in WMT. Brophy Wealth Management LLC acquired a new position in Walmart in the third quarter worth about $2,072,000. Bank of New Hampshire lifted its holdings in Walmart by 13.7% during the 4th quarter. Bank of New Hampshire now owns 47,949 shares of the retailer’s stock worth $4,332,000 after buying an additional 5,786 shares during the last quarter. Iowa State Bank grew its position in shares of Walmart by 213.8% in the 4th quarter. Iowa State Bank now owns 26,807 shares of the retailer’s stock worth $2,422,000 after acquiring an additional 18,263 shares in the last quarter. Fisher Asset Management LLC increased its holdings in shares of Walmart by 4.6% in the 3rd quarter. Fisher Asset Management LLC now owns 47,659,844 shares of the retailer’s stock valued at $3,848,533,000 after acquiring an additional 2,107,197 shares during the last quarter. Finally, Virtu Financial LLC acquired a new stake in shares of Walmart during the 3rd quarter valued at approximately $541,000. Institutional investors own 26.76% of the company’s stock.

Insider Buying and Selling

In related news, SVP David Chojnowski sold 5,600 shares of the firm’s stock in a transaction that occurred on Wednesday, November 27th. The shares were sold at an average price of $91.45, for a total value of $512,120.00. Following the completion of the transaction, the senior vice president now owns 87,404 shares of the company’s stock, valued at approximately $7,993,095.80. This trade represents a 6.02 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP John D. Rainey sold 3,000 shares of the business’s stock in a transaction on Friday, November 1st. The shares were sold at an average price of $82.12, for a total transaction of $246,360.00. Following the sale, the executive vice president now directly owns 378,165 shares in the company, valued at approximately $31,054,909.80. This trade represents a 0.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 140,177 shares of company stock valued at $12,895,688. 45.58% of the stock is owned by corporate insiders.

Walmart Stock Up 0.3 %

WMT stock opened at $97.55 on Thursday. The firm has a market cap of $783.66 billion, a PE ratio of 40.03, a P/E/G ratio of 4.42 and a beta of 0.55. Walmart Inc. has a 12 month low of $54.54 and a 12 month high of $98.17. 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 50 day simple moving average of $92.50 and a 200 day simple moving average of $82.69.

Walmart (NYSE:WMT) last announced its quarterly earnings data 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 the consensus estimate of $167.69 billion. Walmart had a return on equity of 21.78% and a net margin of 2.92%. The company’s quarterly revenue was up 5.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.51 EPS. Equities research analysts forecast that Walmart Inc. will post 2.48 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on WMT shares. StockNews.com lowered shares of Walmart from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, November 20th. Evercore ISI increased their price objective on shares of Walmart from $94.00 to $96.00 and gave the stock an “outperform” rating in a research note on Tuesday, December 3rd. Robert W. Baird upped their target price on Walmart from $90.00 to $100.00 and gave the company an “outperform” rating in a report on Wednesday, November 20th. Stifel Nicolaus increased their price target on Walmart from $89.00 to $94.00 and gave the stock a “hold” rating in a research report on Tuesday, December 10th. Finally, Royal Bank of Canada restated an “outperform” rating and set a $105.00 price objective on shares of Walmart in a research report on Wednesday, January 15th. Two research 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. Based on data from MarketBeat.com, Walmart has an average rating of “Moderate Buy” and a consensus target price of $94.69.

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.