Loring Wolcott & Coolidge Fiduciary Advisors LLP MA Trims Stock Holdings in Walmart Inc. (NYSE:WMT)

Loring Wolcott & Coolidge Fiduciary Advisors LLP MA cut its holdings in shares of Walmart Inc. (NYSE:WMT) by 1.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 90,131 shares of the retailer’s stock after selling 1,034 shares during the period. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA’s holdings in Walmart were worth $8,779,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of WMT. Peterson Financial Group Inc. purchased a new position in shares of Walmart in the 3rd quarter valued at approximately $26,000. Fiduciary Advisors Inc. acquired a new stake in shares of Walmart during the fourth quarter worth $27,000. Voisard Asset Management Group Inc. increased its stake in Walmart by 77.3% in the 3rd 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 during the period. Decker Retirement Planning Inc. purchased a new position in Walmart during the 4th quarter worth $32,000. Finally, Livelsberger Financial Advisory acquired a new stake in shares of Walmart in the 3rd quarter worth $36,000. 26.76% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Walmart

In related news, Director Robert Edward Jr. Moritz purchased 5,446 shares of the firm’s stock in a transaction on Wednesday, November 27th. The stock was purchased at an average price of $91.81 per share, for a total transaction of $499,997.26. Following the acquisition, the director now directly owns 7,805 shares in the company, valued at $716,577.05. The trade was a 230.86 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP John R. Furner sold 13,125 shares of the business’s stock in a transaction on Wednesday, November 27th. The stock was sold at an average price of $92.00, for a total transaction of $1,207,500.00. Following the transaction, the executive vice president now directly owns 579,915 shares in the company, valued at approximately $53,352,180. The trade was a 2.21 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 175,177 shares of company stock worth $16,403,728. 45.58% of the stock is currently owned by company insiders.

Walmart Trading Up 1.6 %

Shares of WMT opened at $102.77 on Tuesday. Walmart Inc. has a fifty-two week low of $55.85 and a fifty-two week high of $103.11. The stock has a fifty day moving average of $94.07 and a two-hundred day moving average of $84.36. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.23 and a current ratio of 0.85. The company has a market capitalization of $825.62 billion, a PE ratio of 42.18, a price-to-earnings-growth ratio of 4.25 and a beta of 0.55.

Walmart (NYSE:WMT) last issued its quarterly 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. The firm had revenue of $169.59 billion during the quarter, compared to analyst estimates of $167.69 billion. Walmart had a net margin of 2.92% and a return on equity of 21.78%. Walmart’s revenue for the quarter was up 5.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.51 earnings per share. As a group, analysts forecast that Walmart Inc. will post 2.48 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on WMT shares. Telsey Advisory Group increased their price target on shares of Walmart from $92.00 to $100.00 and gave the stock an “outperform” rating in a report on Tuesday, November 19th. Oppenheimer raised their price target on Walmart from $100.00 to $110.00 and gave the company an “outperform” rating in a report on Wednesday, February 5th. JPMorgan Chase & Co. upped their price objective on Walmart from $97.00 to $112.00 and gave the stock an “overweight” rating in a report on Monday. Morgan Stanley raised their target price on Walmart from $100.00 to $106.00 and gave the company an “overweight” rating in a report on Tuesday, January 21st. Finally, Jefferies Financial Group boosted their target price on shares of Walmart from $105.00 to $111.00 and gave the stock a “buy” rating in a research report on Tuesday, December 17th. 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. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $96.95.

About Walmart

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.