Walmart Inc. (NYSE:WMT) Stock Position Lowered by Advance Capital Management Inc.

Advance Capital Management Inc. trimmed its position in shares of Walmart Inc. (NYSE:WMT) by 3.2% during the 4th quarter, HoldingsChannel reports. The firm owned 9,390 shares of the retailer’s stock after selling 308 shares during the quarter. Advance Capital Management Inc.’s holdings in Walmart were worth $848,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in WMT. Brophy Wealth Management LLC purchased a new position in Walmart during the 3rd quarter valued at about $2,072,000. Fisher Asset Management LLC boosted its position in Walmart by 4.6% during the third quarter. Fisher Asset Management LLC now owns 47,659,844 shares of the retailer’s stock valued at $3,848,533,000 after purchasing an additional 2,107,197 shares during the last quarter. Virtu Financial LLC purchased a new position in Walmart in the third quarter valued at about $541,000. Charles Schwab Investment Management Inc. increased its position in Walmart by 1.1% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 31,236,769 shares of the retailer’s stock worth $2,522,369,000 after purchasing an additional 350,881 shares during the last quarter. Finally, Oxbow Advisors LLC lifted its holdings in shares of Walmart by 45.0% during the 3rd quarter. Oxbow Advisors LLC now owns 28,453 shares of the retailer’s stock valued at $2,298,000 after buying an additional 8,834 shares during the last quarter. 26.76% of the stock is owned by institutional investors and hedge funds.

Walmart Trading Up 0.6 %

Shares of Walmart stock traded up $0.53 during trading hours on Monday, hitting $91.31. The company’s stock had a trading volume of 14,502,896 shares, compared to its average volume of 12,526,692. Walmart Inc. has a 12 month low of $52.23 and a 12 month high of $96.18. 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 company has a market capitalization of $733.53 billion, a PE ratio of 37.47, a price-to-earnings-growth ratio of 4.47 and a beta of 0.55. The stock has a 50 day moving average of $89.41 and a 200 day moving average of $79.80.

Walmart (NYSE:WMT) last announced its earnings results on Tuesday, November 19th. The retailer reported $0.58 EPS for the quarter, topping the consensus estimate of $0.53 by $0.05. Walmart had a net margin of 2.92% and a return on equity of 21.78%. The firm had revenue of $169.59 billion for the quarter, compared to the consensus estimate of $167.69 billion. During the same period last year, the company posted $0.51 EPS. The business’s quarterly revenue was up 5.5% on a year-over-year basis. Analysts predict that Walmart Inc. will post 2.47 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the company. Royal Bank of Canada increased their price objective on Walmart from $88.00 to $92.00 and gave the stock an “overweight” rating in a report on Monday, November 18th. Roth Mkm lifted their price target on Walmart from $81.00 to $97.00 and gave the stock a “buy” rating in a research report on Wednesday, November 20th. Barclays increased their target price on shares of Walmart from $78.00 to $90.00 and gave the company an “overweight” rating in a research note on Friday, November 22nd. Evercore ISI boosted their price target on shares of Walmart from $94.00 to $96.00 and gave the company an “outperform” rating in a report on Tuesday, December 3rd. Finally, Morgan Stanley boosted their price target on Walmart from $89.00 to $100.00 and gave the company an “overweight” rating in a research note 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 stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $93.69.

Insider Buying and Selling at Walmart

In other Walmart news, CEO C Douglas Mcmillon sold 29,124 shares of Walmart stock in a transaction on Thursday, October 24th. The shares were sold at an average price of $82.79, for a total value of $2,411,175.96. Following the sale, the chief executive officer now directly owns 3,843,929 shares in the company, valued at approximately $318,238,881.91. The trade was a 0.75 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Robert Edward Jr. Moritz acquired 5,446 shares of the firm’s stock in a transaction dated Wednesday, November 27th. The stock was bought at an average price of $91.81 per share, with a total value of $499,997.26. Following the acquisition, the director now directly owns 7,805 shares in the company, valued at $716,577.05. This represents a 230.86 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have sold 140,412 shares of company stock valued at $12,478,116 in the last 90 days. 45.58% of the stock is currently owned by company insiders.

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.