Financial Freedom LLC Sells 240 Shares of Walmart Inc. (NYSE:WMT)

Financial Freedom LLC lessened its stake in Walmart Inc. (NYSE:WMT) by 5.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,018 shares of the retailer’s stock after selling 240 shares during the quarter. Financial Freedom LLC’s holdings in Walmart were worth $363,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of WMT. Lincoln Capital LLC boosted its holdings in shares of Walmart by 4.4% in the 4th quarter. Lincoln Capital LLC now owns 21,501 shares of the retailer’s stock valued at $1,943,000 after purchasing an additional 903 shares in the last quarter. Diversify Advisory Services LLC lifted its position in shares of Walmart by 6.0% during the 4th quarter. Diversify Advisory Services LLC now owns 20,310 shares of the retailer’s stock worth $1,889,000 after buying an additional 1,152 shares during the last quarter. Diversify Wealth Management LLC boosted its stake in Walmart by 11.3% in the fourth quarter. Diversify Wealth Management LLC now owns 70,815 shares of the retailer’s stock valued at $6,586,000 after buying an additional 7,199 shares in the last quarter. Gilman Hill Asset Management LLC raised its stake in Walmart by 4.4% during the fourth quarter. Gilman Hill Asset Management LLC now owns 11,991 shares of the retailer’s stock worth $1,083,000 after acquiring an additional 500 shares in the last quarter. Finally, RoundAngle Advisors LLC bought a new position in shares of Walmart in the fourth quarter worth about $2,211,000. Institutional investors own 26.76% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the stock. Tigress Financial lifted their price target on shares of Walmart from $86.00 to $115.00 and gave the company a “buy” rating in a report on Friday, December 13th. Redburn Atlantic upgraded Walmart to a “strong-buy” rating in a research note on Monday, September 23rd. DZ Bank lowered Walmart from a “buy” rating to a “hold” rating and set a $91.00 price objective on the stock. in a research report on Thursday, November 21st. BMO Capital Markets increased their target price on Walmart from $80.00 to $100.00 and gave the company an “outperform” rating in a research report on Monday, November 18th. Finally, Melius Research began coverage on Walmart in a report on Monday, September 23rd. They set a “buy” rating and a $95.00 price target on the stock. Two investment analysts have rated the stock with a hold rating, twenty-nine have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Walmart presently has an average rating of “Moderate Buy” and an average target price of $94.49.

Insider Buying and Selling at Walmart

In other Walmart news, Director Robert Edward Jr. Moritz bought 5,446 shares of the business’s stock in a transaction dated Wednesday, November 27th. The shares were purchased at an average price of $91.81 per share, for a total transaction of $499,997.26. Following the purchase, the director now directly owns 7,805 shares of the company’s stock, valued at approximately $716,577.05. This represents a 230.86 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO C Douglas Mcmillon sold 29,124 shares of Walmart stock in a transaction on Thursday, October 24th. The stock was sold at an average price of $82.79, for a total value of $2,411,175.96. Following the sale, the chief executive officer now owns 3,843,929 shares in the company, valued at $318,238,881.91. This trade represents a 0.75 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 140,177 shares of company stock worth $12,478,149. Corporate insiders own 45.58% of the company’s stock.

Walmart Stock Up 0.8 %

Shares of NYSE WMT opened at $92.02 on Tuesday. 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 company has a 50-day moving average price of $91.15 and a 200-day moving average price of $81.46. The stock has a market capitalization of $739.19 billion, a P/E ratio of 37.76, a P/E/G ratio of 4.41 and a beta of 0.55. Walmart Inc. has a 1 year low of $53.44 and a 1 year high of $96.18.

Walmart (NYSE:WMT) last issued its quarterly earnings data on Tuesday, November 19th. The retailer reported $0.58 EPS for the quarter, topping analysts’ consensus estimates of $0.53 by $0.05. Walmart had a return on equity of 21.78% and a net margin of 2.92%. The firm had revenue of $169.59 billion during the quarter, compared to analyst estimates of $167.69 billion. During the same period in the previous year, the company posted $0.51 EPS. The company’s revenue for the quarter was up 5.5% on a year-over-year basis. On average, equities research analysts forecast that Walmart Inc. will post 2.47 EPS for the current fiscal 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.