Evanson Asset Management LLC Sells 3,300 Shares of Walmart Inc. (NYSE:WMT)

Evanson Asset Management LLC cut its holdings in Walmart Inc. (NYSE:WMT) by 26.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,193 shares of the retailer’s stock after selling 3,300 shares during the quarter. Evanson Asset Management LLC’s holdings in Walmart were worth $831,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of WMT. Brady Martz Wealth Solutions LLC purchased a new position in Walmart during the 4th quarter valued at $204,000. Bernardo Wealth Planning LLC increased its position in shares of Walmart by 2.3% during the fourth quarter. Bernardo Wealth Planning LLC now owns 6,919 shares of the retailer’s stock valued at $644,000 after buying an additional 155 shares during the period. Renaissance Investment Group LLC raised its stake in Walmart by 24.8% in the fourth quarter. Renaissance Investment Group LLC now owns 5,873 shares of the retailer’s stock worth $531,000 after buying an additional 1,166 shares in the last quarter. Artemis Investment Management LLP lifted its holdings in Walmart by 37.9% in the fourth quarter. Artemis Investment Management LLP now owns 856,625 shares of the retailer’s stock worth $77,396,000 after buying an additional 235,289 shares during the period. Finally, Lbmc Investment Advisors LLC boosted its position in Walmart by 8.8% during the 4th quarter. Lbmc Investment Advisors LLC now owns 9,233 shares of the retailer’s stock valued at $834,000 after acquiring an additional 750 shares in the last quarter. Hedge funds and other institutional investors own 26.76% of the company’s stock.

Insider Buying and Selling

In other news, CEO C Douglas Mcmillon sold 29,124 shares of the business’s stock in a transaction on Thursday, October 24th. The shares were sold at an average price of $82.79, for a total value of $2,411,175.96. Following the transaction, the chief executive officer now owns 3,843,929 shares of the company’s stock, valued at approximately $318,238,881.91. The trade was a 0.75 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP John D. Rainey sold 3,000 shares of the firm’s stock in a transaction on Friday, November 1st. The shares were sold at an average price of $82.12, for a total transaction of $246,360.00. Following the transaction, the executive vice president now directly owns 378,165 shares of the company’s stock, valued at $31,054,909.80. The trade was a 0.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 140,177 shares of company stock valued at $12,478,149. Company insiders own 45.58% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the company. Royal Bank of Canada reissued an “outperform” rating and issued a $105.00 target price on shares of Walmart in a research report on Wednesday, January 15th. Redburn Atlantic upgraded shares of Walmart to a “strong-buy” rating in a report on Monday, September 23rd. Barclays upped their target price on shares of Walmart from $90.00 to $98.00 and gave the stock an “overweight” rating in a research report on Thursday, January 9th. TD Cowen boosted their price objective on shares of Walmart from $90.00 to $100.00 and gave the stock a “buy” rating in a research note on Wednesday, November 20th. Finally, UBS Group upped their price objective on shares of Walmart from $92.00 to $100.00 and gave the stock a “buy” rating in a report on Wednesday, November 20th. Two 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. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $94.49.

Walmart Stock Performance

Shares of WMT opened at $92.02 on Tuesday. Walmart Inc. has a 52 week low of $53.44 and a 52 week high of $96.18. The company has a quick ratio of 0.23, a current ratio of 0.85 and a debt-to-equity ratio of 0.42. The stock has a market cap of $739.19 billion, a price-to-earnings ratio of 37.76, a PEG ratio of 4.41 and a beta of 0.55. The business has a 50-day simple moving average of $91.15 and a two-hundred day simple moving average of $81.46.

Walmart (NYSE:WMT) last released its earnings results on Tuesday, November 19th. The retailer reported $0.58 EPS for the quarter, topping analysts’ consensus estimates of $0.53 by $0.05. The company 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%. The firm’s revenue was up 5.5% compared to the same quarter last year. During the same quarter last year, the business earned $0.51 EPS. On average, analysts expect that Walmart Inc. will post 2.47 EPS for the current year.

Walmart Company 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.