1858 Wealth Management LLC Sells 611 Shares of Walmart Inc. (NYSE:WMT)

1858 Wealth Management LLC reduced its position in Walmart Inc. (NYSE:WMT) by 9.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 5,939 shares of the retailer’s stock after selling 611 shares during the quarter. 1858 Wealth Management LLC’s holdings in Walmart were worth $537,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Fiduciary Advisors Inc. bought a new position in Walmart in the 4th quarter valued at about $27,000. Peterson Financial Group Inc. acquired a new stake in shares of Walmart in the 3rd quarter valued at approximately $26,000. Decker Retirement Planning Inc. bought a new stake in shares of Walmart during the 4th quarter valued at approximately $32,000. Voisard Asset Management Group Inc. grew its holdings in shares of Walmart by 77.3% during the 3rd quarter. Voisard Asset Management Group Inc. now owns 399 shares of the retailer’s stock valued at $32,000 after purchasing an additional 174 shares during the last quarter. Finally, Hoese & Co LLP bought a new stake in shares of Walmart during the 3rd quarter valued at approximately $33,000. 26.76% of the stock is owned by institutional investors.

Walmart Stock Up 1.7 %

Walmart stock opened at $102.47 on Thursday. The company has a quick ratio of 0.23, a current ratio of 0.85 and a debt-to-equity ratio of 0.42. Walmart Inc. has a 12-month low of $55.85 and a 12-month high of $102.58. The firm’s fifty day moving average is $93.46 and its 200 day moving average is $83.69. The company has a market capitalization of $823.21 billion, a PE ratio of 42.05, a PEG ratio of 4.49 and a beta of 0.55.

Walmart (NYSE:WMT) last released its earnings results on Tuesday, November 19th. The retailer reported $0.58 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.53 by $0.05. Walmart had a net margin of 2.92% and a return on equity of 21.78%. The company had revenue of $169.59 billion for the quarter, compared to the consensus estimate of $167.69 billion. During the same quarter in the previous year, the company earned $0.51 EPS. Walmart’s quarterly revenue was up 5.5% compared to the same quarter last year. As a group, sell-side analysts predict that Walmart Inc. will post 2.48 EPS for the current fiscal year.

Insider Activity at Walmart

In other Walmart news, EVP John D. Rainey sold 38,000 shares of the company’s stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $98.80, for a total transaction of $3,754,400.00. Following the transaction, the executive vice president now owns 257,281 shares in the company, valued at approximately $25,419,362.80. This represents a 12.87 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Robert Edward Jr. Moritz acquired 5,446 shares of the stock in a transaction on Wednesday, November 27th. The shares were acquired at an average price of $91.81 per share, for a total transaction of $499,997.26. Following the acquisition, the director now owns 7,805 shares of the company’s stock, valued at approximately $716,577.05. The trade was a 230.86 % increase in their position. The disclosure for this purchase can be found here. Insiders have sold 175,177 shares of company stock worth $16,403,728 in the last quarter. Company insiders own 45.58% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the stock. Jefferies Financial Group lifted their price target on shares of Walmart from $105.00 to $111.00 and gave the company a “buy” rating in a report on Tuesday, December 17th. KeyCorp lifted their price target on shares of Walmart from $96.00 to $100.00 and gave the company an “overweight” rating in a report on Wednesday, December 11th. Stifel Nicolaus lifted their price target on shares of Walmart from $89.00 to $94.00 and gave the company a “hold” rating in a report on Tuesday, December 10th. UBS Group lifted their price target on shares of Walmart from $100.00 to $113.00 and gave the company a “buy” rating in a report on Friday, January 31st. Finally, Bank of America lifted their price target on shares of Walmart from $95.00 to $105.00 and gave the company a “buy” rating in a report on Wednesday, November 20th. Two equities research analysts have rated the stock with a hold rating, twenty-nine have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $96.01.

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.