Bartlett & CO. Wealth Management LLC Has $37.33 Million Stock Holdings in Walmart Inc. (NYSE:WMT)

Bartlett & CO. Wealth Management LLC lessened its position in Walmart Inc. (NYSE:WMT) by 0.3% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 412,247 shares of the retailer’s stock after selling 1,395 shares during the period. Bartlett & CO. Wealth Management LLC’s holdings in Walmart were worth $37,332,000 as of its most recent filing with the SEC.

Other hedge funds also recently bought and sold shares of the company. Peterson Financial Group Inc. bought a new stake in shares of Walmart in the 3rd quarter valued at $26,000. Decker Retirement Planning Inc. acquired a new position in Walmart in the fourth quarter valued at about $32,000. Voisard Asset Management Group Inc. increased its holdings in shares of Walmart by 77.3% in the third quarter. Voisard Asset Management Group Inc. now owns 399 shares of the retailer’s stock worth $32,000 after acquiring an additional 174 shares in the last quarter. Hoese & Co LLP acquired a new stake in shares of Walmart during the third quarter worth about $33,000. Finally, Livelsberger Financial Advisory bought a new position in shares of Walmart during the 3rd quarter valued at about $36,000. 26.76% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts have commented on WMT shares. Telsey Advisory Group raised their target price on shares of Walmart from $92.00 to $100.00 and gave the stock an “outperform” rating in a report on Tuesday, November 19th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $105.00 price objective on shares of Walmart in a research report on Wednesday, January 15th. Sanford C. Bernstein increased their target price on Walmart from $98.00 to $102.00 and gave the stock an “outperform” rating in a report on Wednesday, November 20th. UBS Group boosted their price target on Walmart from $92.00 to $100.00 and gave the company a “buy” rating in a report on Wednesday, November 20th. Finally, Jefferies Financial Group increased their price objective on Walmart from $105.00 to $111.00 and gave the stock a “buy” rating in a report on Tuesday, December 17th. Two research analysts have rated the stock with a hold rating, twenty-nine have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $94.69.

Insider Transactions at Walmart

In other Walmart news, Director Robert Edward Jr. Moritz acquired 5,446 shares of the business’s stock in a transaction on Wednesday, November 27th. The stock was purchased at an average price of $91.81 per share, with a total value of $499,997.26. Following the acquisition, the director now directly owns 7,805 shares of the company’s stock, valued at approximately $716,577.05. This trade represents a 230.86 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Daniel J. Bartlett sold 1,830 shares of the firm’s stock in a transaction that occurred on Wednesday, January 15th. The stock was sold at an average price of $91.07, for a total transaction of $166,658.10. Following the transaction, the executive vice president now directly owns 460,705 shares in the company, valued at $41,956,404.35. This represents a 0.40 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 97,928 shares of company stock worth $8,978,123 over the last quarter. Company insiders own 45.58% of the company’s stock.

Walmart Trading Up 0.6 %

WMT stock opened at $93.75 on Friday. Walmart Inc. has a one year low of $53.44 and a one year high of $96.18. The stock has a market cap of $753.12 billion, a price-to-earnings ratio of 38.47, a price-to-earnings-growth ratio of 4.42 and a beta of 0.55. The company has a fifty day moving average price of $91.62 and a two-hundred day moving average price of $81.87. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.85 and a quick ratio of 0.23.

Walmart (NYSE:WMT) last announced 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 during the quarter, compared to the consensus estimate of $167.69 billion. During the same quarter in the previous year, the firm posted $0.51 EPS. Walmart’s revenue was up 5.5% compared to the same quarter last year. Equities analysts anticipate that Walmart Inc. will post 2.48 EPS 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.