Chickasaw Capital Management LLC Decreases Holdings in Walmart Inc. (NYSE:WMT)

Chickasaw Capital Management LLC lowered its stake in shares of Walmart Inc. (NYSE:WMT) by 0.7% in the fourth quarter, Holdings Channel reports. The firm owned 91,366 shares of the retailer’s stock after selling 600 shares during the period. Walmart accounts for about 0.3% of Chickasaw Capital Management LLC’s investment portfolio, making the stock its 23rd largest position. Chickasaw Capital Management LLC’s holdings in Walmart were worth $8,255,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of WMT. Gallacher Capital Management LLC acquired a new stake in Walmart during the second quarter worth about $209,000. Koss Olinger Consulting LLC purchased a new position in Walmart in the second quarter worth approximately $203,000. Ellis Investment Partners LLC acquired a new stake in Walmart during the second quarter worth $255,000. Legacy Bridge LLC lifted its stake in shares of Walmart by 0.6% in the 2nd quarter. Legacy Bridge LLC now owns 34,153 shares of the retailer’s stock valued at $2,312,000 after purchasing an additional 215 shares during the last quarter. Finally, Adapt Wealth Advisors LLC acquired a new stake in shares of Walmart during the 2nd quarter worth about $208,000. Institutional investors and hedge funds own 26.76% of the company’s stock.

Insider Buying and Selling at Walmart

In other news, CEO C Douglas Mcmillon sold 29,124 shares of the stock in a transaction on Thursday, December 26th. The stock was sold at an average price of $92.35, for a total value of $2,689,601.40. Following the completion of the transaction, the chief executive officer now owns 3,785,702 shares of the company’s stock, valued at approximately $349,609,579.70. This represents a 0.76 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, EVP John R. Furner sold 13,125 shares of the company’s stock in a transaction that occurred on Thursday, December 26th. The stock was sold at an average price of $92.60, for a total transaction of $1,215,375.00. Following the completion of the sale, the executive vice president now directly owns 566,794 shares of the company’s stock, valued at approximately $52,485,124.40. This represents a 2.26 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 140,412 shares of company stock worth $12,478,116. 45.58% of the stock is owned by insiders.

Walmart Stock Performance

Walmart stock traded down $0.48 during mid-day trading on Tuesday, reaching $90.95. The company’s stock had a trading volume of 6,708,808 shares, compared to its average volume of 11,585,060. The firm has a market cap of $730.64 billion, a price-to-earnings ratio of 37.33, a PEG ratio of 4.47 and a beta of 0.55. Walmart Inc. has a twelve month low of $52.23 and a twelve month high of $96.18. The business has a 50 day moving average price of $89.58 and a 200-day moving average price of $79.96. The company has a current ratio of 0.85, a quick ratio of 0.23 and a debt-to-equity ratio of 0.42.

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

Analysts Set New Price Targets

Several research firms recently weighed in on WMT. UBS Group lifted their target price on shares of Walmart from $92.00 to $100.00 and gave the company a “buy” rating in a report on Wednesday, November 20th. DZ Bank lowered shares of Walmart from a “buy” rating to a “hold” rating and set a $91.00 price objective for the company. in a research note on Thursday, November 21st. Robert W. Baird lifted their price objective on Walmart from $90.00 to $100.00 and gave the company an “outperform” rating in a research note on Wednesday, November 20th. Sanford C. Bernstein increased their price objective 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. Finally, Evercore ISI boosted their target price on shares of Walmart from $94.00 to $96.00 and gave the stock an “outperform” rating in a research note on Tuesday, December 3rd. Two analysts have rated the stock with a hold rating, twenty-nine have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $93.69.

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.