Castle Wealth Management LLC Has $914,000 Stock Holdings in Walmart Inc. (NYSE:WMT)

Castle Wealth Management LLC lowered its stake in Walmart Inc. (NYSE:WMT) by 2.7% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 10,097 shares of the retailer’s stock after selling 277 shares during the period. Castle Wealth Management LLC’s holdings in Walmart were worth $914,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Consolidated Planning Corp boosted its holdings in shares of Walmart by 1.7% during the fourth quarter. Consolidated Planning Corp now owns 105,303 shares of the retailer’s stock worth $9,514,000 after acquiring an additional 1,757 shares during the period. Raab & Moskowitz Asset Management LLC lifted its holdings in Walmart by 0.8% during the 4th quarter. Raab & Moskowitz Asset Management LLC now owns 95,478 shares of the retailer’s stock worth $8,626,000 after purchasing an additional 728 shares during the last quarter. Warren Street Wealth Advisors LLC boosted its stake in Walmart by 3.3% in the 4th quarter. Warren Street Wealth Advisors LLC now owns 5,408 shares of the retailer’s stock valued at $489,000 after purchasing an additional 171 shares during the period. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors increased its position in Walmart by 137.3% during the 4th quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors now owns 67,222 shares of the retailer’s stock worth $6,074,000 after buying an additional 38,898 shares during the period. Finally, Clarity Capital Partners LLC lifted its holdings in shares of Walmart by 14.2% during the fourth quarter. Clarity Capital Partners LLC now owns 3,219 shares of the retailer’s stock worth $291,000 after buying an additional 401 shares in the last quarter. 26.76% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research firms recently commented on WMT. Roth Mkm upped their price target on shares of Walmart from $81.00 to $97.00 and gave the company a “buy” rating in a research note on Wednesday, November 20th. Guggenheim raised their target price on shares of Walmart from $90.00 to $100.00 and gave the stock a “buy” rating in a report on Wednesday, November 20th. Sanford C. Bernstein lifted their price target on shares of Walmart from $98.00 to $102.00 and gave the company an “outperform” rating in a research report on Wednesday, November 20th. KeyCorp increased their price target on Walmart from $96.00 to $100.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 11th. Finally, TD Cowen lifted their price objective on Walmart from $90.00 to $100.00 and gave the company a “buy” rating in a report on Wednesday, November 20th. Two investment 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 company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $98.85.

Insider Buying and Selling

In other news, EVP John D. Rainey sold 3,000 shares of the firm’s stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $92.47, for a total transaction of $277,410.00. Following the completion of the transaction, the executive vice president now directly owns 375,165 shares in the company, valued at $34,691,507.55. This trade represents a 0.79 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Daniel J. Bartlett sold 1,830 shares of the company’s stock in a transaction that occurred on Wednesday, January 15th. The shares were sold at an average price of $91.07, for a total value of $166,658.10. Following the completion of the sale, the executive vice president now owns 460,705 shares in the company, valued at $41,956,404.35. The trade was a 0.40 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 175,177 shares of company stock valued at $16,403,728 over the last 90 days. 45.58% of the stock is owned by insiders.

Walmart Stock Performance

NYSE:WMT opened at $105.10 on Friday. The stock’s 50-day moving average is $94.63 and its 200-day moving average is $84.95. Walmart Inc. has a 1-year low of $55.85 and a 1-year high of $105.24. The company has a current ratio of 0.85, a quick ratio of 0.23 and a debt-to-equity ratio of 0.42. The stock has a market cap of $844.29 billion, a P/E ratio of 43.13, a price-to-earnings-growth ratio of 4.25 and a beta of 0.55.

Walmart (NYSE:WMT) last posted 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 business 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 earned $0.51 EPS. The firm’s revenue was up 5.5% compared to the same quarter last year. Equities research analysts anticipate that Walmart Inc. will post 2.48 earnings per share for the current year.

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.