Walmart Inc. (NYSE:WMT) Holdings Decreased by Fragasso Financial Advisors Inc

Fragasso Financial Advisors Inc decreased its holdings in shares of Walmart Inc. (NYSE:WMT) by 1.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 26,634 shares of the retailer’s stock after selling 449 shares during the quarter. Fragasso Financial Advisors Inc’s holdings in Walmart were worth $2,406,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Kozak & Associates Inc. grew its holdings in shares of Walmart by 22.3% during the fourth quarter. Kozak & Associates Inc. now owns 619 shares of the retailer’s stock valued at $56,000 after buying an additional 113 shares in the last quarter. Summit Financial Wealth Advisors LLC grew its stake in Walmart by 0.5% in the third quarter. Summit Financial Wealth Advisors LLC now owns 23,720 shares of the retailer’s stock valued at $1,915,000 after purchasing an additional 118 shares in the last quarter. Lowe Wealth Advisors LLC grew its stake in Walmart by 13.5% in the fourth quarter. Lowe Wealth Advisors LLC now owns 1,018 shares of the retailer’s stock valued at $92,000 after purchasing an additional 121 shares in the last quarter. Providence Wealth Advisors LLC grew its stake in Walmart by 0.3% in the third quarter. Providence Wealth Advisors LLC now owns 43,549 shares of the retailer’s stock valued at $3,591,000 after purchasing an additional 122 shares in the last quarter. Finally, 3Chopt Investment Partners LLC grew its stake in Walmart by 0.4% in the third quarter. 3Chopt Investment Partners LLC now owns 32,633 shares of the retailer’s stock valued at $2,635,000 after purchasing an additional 124 shares in the last quarter. Hedge funds and other institutional investors own 26.76% of the company’s stock.

Walmart Price Performance

Shares of Walmart stock traded down $1.54 during midday trading on Monday, hitting $91.46. 8,429,067 shares of the company were exchanged, compared to its average volume of 13,025,015. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.85 and a quick ratio of 0.23. The firm has a market cap of $734.73 billion, a P/E ratio of 37.53, a PEG ratio of 4.47 and a beta of 0.55. Walmart Inc. has a 52 week low of $53.44 and a 52 week high of $96.18. The firm has a 50 day simple moving average of $90.38 and a 200-day simple moving average of $80.63.

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. The business had revenue of $169.59 billion during the quarter, compared to the consensus estimate of $167.69 billion. Walmart had a return on equity of 21.78% and a net margin of 2.92%. Walmart’s revenue was up 5.5% on a year-over-year basis. During the same quarter last year, the company earned $0.51 EPS. Research analysts forecast that Walmart Inc. will post 2.47 earnings per share for the current year.

Analysts Set New Price Targets

A number of research analysts have commented on the company. DZ Bank downgraded Walmart from a “buy” rating to a “hold” rating and set a $91.00 target price on the stock. in a research note on Thursday, November 21st. Robert W. Baird boosted their target price on Walmart from $90.00 to $100.00 and gave the company an “outperform” rating in a research note on Wednesday, November 20th. Piper Sandler boosted their target price on Walmart from $83.00 to $93.00 and gave the company an “overweight” rating in a research note on Monday, November 18th. Oppenheimer upped their price target on Walmart from $81.00 to $90.00 and gave the stock an “outperform” rating in a research note on Monday, October 14th. Finally, Tigress Financial upped their price target on Walmart from $86.00 to $115.00 and gave the stock a “buy” rating in a research note on Friday, December 13th. Two investment 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. Based on data from MarketBeat.com, Walmart presently has an average rating of “Moderate Buy” and an average target price of $94.08.

Insider Buying and Selling

In related news, EVP John R. Furner sold 13,125 shares of the firm’s stock in a transaction 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 $52,485,124.40. This trade represents a 2.26 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Daniel J. Bartlett sold 2,065 shares of Walmart stock in a transaction on Tuesday, October 15th. The shares were sold at an average price of $80.69, for a total value of $166,624.85. Following the completion of the sale, the executive vice president now directly owns 457,493 shares of the company’s stock, valued at $36,915,110.17. This trade represents a 0.45 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 140,412 shares of company stock worth $12,478,116 in the last 90 days. 45.58% of the stock is owned by company insiders.

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.