Dakota Wealth Management Decreases Stake in Walmart Inc. (NYSE:WMT)

Dakota Wealth Management lowered its holdings in Walmart Inc. (NYSE:WMT) by 3.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 72,260 shares of the retailer’s stock after selling 2,761 shares during the quarter. Dakota Wealth Management’s holdings in Walmart were worth $6,529,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently modified their holdings of the business. XML Financial LLC raised its stake in shares of Walmart by 8.4% in the fourth quarter. XML Financial LLC now owns 26,568 shares of the retailer’s stock worth $2,400,000 after purchasing an additional 2,053 shares during the last quarter. Nisa Investment Advisors LLC raised its stake in shares of Walmart by 16.7% in the fourth quarter. Nisa Investment Advisors LLC now owns 1,568,029 shares of the retailer’s stock worth $141,994,000 after purchasing an additional 224,699 shares during the last quarter. Simon Quick Advisors LLC grew its holdings in shares of Walmart by 15.4% in the fourth quarter. Simon Quick Advisors LLC now owns 22,456 shares of the retailer’s stock worth $2,029,000 after acquiring an additional 3,002 shares during the period. Beaumont Financial Advisors LLC grew its holdings in shares of Walmart by 33.0% in the fourth quarter. Beaumont Financial Advisors LLC now owns 16,832 shares of the retailer’s stock worth $1,521,000 after acquiring an additional 4,178 shares during the period. Finally, MCF Advisors LLC grew its holdings in shares of Walmart by 3.5% in the fourth quarter. MCF Advisors LLC now owns 19,960 shares of the retailer’s stock worth $1,807,000 after acquiring an additional 680 shares during the period. Hedge funds and other institutional investors own 26.76% of the company’s stock.

Walmart Price Performance

NYSE:WMT opened at $93.75 on Friday. The company has a current ratio of 0.85, a quick ratio of 0.23 and a debt-to-equity ratio of 0.42. The company has a market capitalization of $753.12 billion, a P/E ratio of 38.47, a P/E/G ratio of 4.42 and a beta of 0.55. Walmart Inc. has a 12 month low of $53.44 and a 12 month high of $96.18. The business’s 50-day moving average is $91.62 and its 200 day moving average is $81.87.

Walmart (NYSE:WMT) last issued its quarterly earnings data on Tuesday, November 19th. The retailer reported $0.58 earnings per share (EPS) for the quarter, beating 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 business had revenue of $169.59 billion for the quarter, compared to the consensus estimate of $167.69 billion. During the same period in the prior year, the business posted $0.51 earnings per share. The company’s quarterly revenue was up 5.5% compared to the same quarter last year. On average, equities research analysts forecast that Walmart Inc. will post 2.47 earnings per share for the current fiscal year.

Insider Buying and Selling at Walmart

In other Walmart news, 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 sale, the executive vice president now directly owns 566,794 shares in the company, valued at $52,485,124.40. This represents a 2.26 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, EVP Daniel J. Bartlett sold 1,830 shares of the stock in a transaction that occurred on Wednesday, January 15th. The stock was sold at an average price of $91.07, for a total value of $166,658.10. Following the completion of the sale, the executive vice president now owns 460,705 shares in the company, valued at approximately $41,956,404.35. The trade was a 0.40 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 97,928 shares of company stock worth $8,978,123 over the last ninety days. Company insiders own 45.58% of the company’s stock.

Analyst Ratings Changes

WMT has been the subject of several research analyst reports. Oppenheimer lifted their price objective on Walmart from $81.00 to $90.00 and gave the stock an “outperform” rating in a report on Monday, October 14th. Telsey Advisory Group lifted their price objective on Walmart from $92.00 to $100.00 and gave the stock an “outperform” rating in a report on Tuesday, November 19th. Jefferies Financial Group lifted 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. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $105.00 price objective on shares of Walmart in a report on Wednesday, January 15th. Finally, UBS Group lifted their price objective on 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 assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $94.69.

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.