Principle Wealth Partners LLC Reduces Stock Holdings in Walmart Inc. (NYSE:WMT)

Principle Wealth Partners LLC lowered its position in Walmart Inc. (NYSE:WMT) by 1.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 18,140 shares of the retailer’s stock after selling 203 shares during the quarter. Principle Wealth Partners LLC’s holdings in Walmart were worth $1,639,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of WMT. Redhawk Wealth Advisors Inc. grew its holdings in shares of Walmart by 7.3% in 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 period. Creative Planning grew its holdings in shares of Walmart by 4.9% in the third quarter. Creative Planning now owns 1,800,743 shares of the retailer’s stock valued at $142,973,000 after purchasing an additional 83,376 shares during the period. Allen Mooney & Barnes Investment Advisors LLC grew its holdings in shares of Walmart by 0.7% in the third quarter. Allen Mooney & Barnes Investment Advisors LLC now owns 45,765 shares of the retailer’s stock valued at $3,695,000 after purchasing an additional 298 shares during the period. Cliftonlarsonallen Wealth Advisors LLC grew its holdings in shares of Walmart by 5.2% in the third quarter. Cliftonlarsonallen Wealth Advisors LLC now owns 17,448 shares of the retailer’s stock valued at $1,409,000 after purchasing an additional 866 shares during the period. Finally, Occidental Asset Management LLC grew its holdings in shares of Walmart by 5.0% in the third quarter. Occidental Asset Management LLC now owns 69,085 shares of the retailer’s stock valued at $5,579,000 after purchasing an additional 3,278 shares during the period. Hedge funds and other institutional investors own 26.76% of the company’s stock.

Insiders Place Their Bets

In other 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 transaction of $512,120.00. Following the transaction, the senior vice president now directly owns 87,404 shares in the company, valued at approximately $7,993,095.80. This trade represents a 6.02 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP John D. Rainey sold 38,000 shares of Walmart 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 completion of the transaction, the executive vice president now owns 257,281 shares in the company, valued at approximately $25,419,362.80. This trade represents a 12.87 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 175,177 shares of company stock valued at $16,403,728. 45.58% of the stock is owned by corporate insiders.

Walmart Stock Down 0.5 %

Shares of NYSE:WMT opened at $102.45 on Wednesday. The firm’s 50 day moving average price is $94.27 and its 200 day moving average price is $84.59. The stock 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. Walmart Inc. has a fifty-two week low of $55.85 and a fifty-two week high of $103.11. 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 (NYSE:WMT) last released its quarterly earnings data on Tuesday, November 19th. The retailer reported $0.58 earnings per share for the quarter, topping 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 analysts’ expectations of $167.69 billion. During the same quarter last year, the company earned $0.51 earnings per share. The firm’s revenue for the quarter was up 5.5% on a year-over-year basis. As a group, equities research analysts predict that Walmart Inc. will post 2.48 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

WMT has been the subject of several research analyst reports. Wells Fargo & Company increased their target price on shares of Walmart from $100.00 to $108.00 and gave the stock an “overweight” rating in a research note on Monday, February 3rd. Oppenheimer increased their target price on shares of Walmart from $100.00 to $110.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 5th. Piper Sandler increased their target price on shares of Walmart from $83.00 to $93.00 and gave the stock an “overweight” rating in a research note on Monday, November 18th. Sanford C. Bernstein increased their target price on shares of Walmart from $98.00 to $102.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 20th. Finally, Citigroup increased their target price on shares of Walmart from $98.00 to $120.00 and gave the stock a “buy” rating in a research note on Tuesday. Two equities research analysts have rated the stock with a hold rating, twenty-nine have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $98.08.

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.