Tennessee Valley Asset Management Partners Trims Position in Walmart Inc. (NYSE:WMT)

Tennessee Valley Asset Management Partners lessened its position in shares of Walmart Inc. (NYSE:WMT) by 7.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 7,779 shares of the retailer’s stock after selling 613 shares during the quarter. Tennessee Valley Asset Management Partners’ holdings in Walmart were worth $703,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the company. Driehaus Capital Management LLC increased its position in Walmart by 25.2% in the second quarter. Driehaus Capital Management LLC now owns 13,461 shares of the retailer’s stock worth $911,000 after buying an additional 2,706 shares in the last quarter. Silver Lake Advisory LLC purchased a new stake in Walmart in the second quarter worth about $263,000. Sunbelt Securities Inc. increased its position in Walmart by 1.5% in the second quarter. Sunbelt Securities Inc. now owns 40,993 shares of the retailer’s stock worth $2,776,000 after buying an additional 620 shares in the last quarter. William B. Walkup & Associates Inc. purchased a new stake in Walmart in the second quarter worth about $4,812,000. Finally, Second Line Capital LLC increased its position in Walmart by 4.5% in the second quarter. Second Line Capital LLC now owns 43,836 shares of the retailer’s stock worth $2,968,000 after buying an additional 1,896 shares in the last quarter. Hedge funds and other institutional investors own 26.76% of the company’s stock.

Walmart Trading Up 2.8 %

Shares of NYSE WMT opened at $97.39 on Tuesday. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.23 and a current ratio of 0.85. The business’s 50 day moving average price is $92.02 and its 200-day moving average price is $82.29. Walmart Inc. has a fifty-two week low of $54.51 and a fifty-two week high of $97.46. The company has a market cap of $782.38 billion, a price-to-earnings ratio of 39.97, a PEG ratio of 4.42 and a beta of 0.55.

Walmart (NYSE:WMT) last issued its quarterly earnings results on Tuesday, November 19th. The retailer reported $0.58 earnings per share for the quarter, topping the consensus estimate 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 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 revenue for the quarter was up 5.5% on a year-over-year basis. On average, sell-side analysts expect that Walmart Inc. will post 2.48 earnings per share for the current year.

Wall Street Analyst Weigh In

WMT has been the subject of a number of analyst reports. Robert W. Baird upped their price target on Walmart from $90.00 to $100.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 20th. Barclays upped their price objective on Walmart from $90.00 to $98.00 and gave the stock an “overweight” rating in a research note on Thursday, January 9th. Wells Fargo & Company upped their price objective on Walmart from $96.00 to $100.00 and gave the stock an “overweight” rating in a research note on Friday, January 10th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $105.00 price objective on shares of Walmart in a research note on Wednesday, January 15th. Finally, Sanford C. Bernstein upped their price objective on Walmart from $98.00 to $102.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 20th. Two research analysts have rated the stock with a hold rating, twenty-nine have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $94.69.

Insiders Place Their Bets

In other news, EVP John D. Rainey sold 3,000 shares of the firm’s stock in a transaction on Friday, November 1st. The stock was sold at an average price of $82.12, for a total value of $246,360.00. Following the completion of the sale, the executive vice president now owns 378,165 shares of the company’s stock, valued at $31,054,909.80. This trade represents a 0.79 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP David Chojnowski sold 5,600 shares of the firm’s stock in a transaction on Wednesday, November 27th. The stock was sold at an average price of $91.45, for a total value of $512,120.00. Following the completion of the sale, the senior vice president now directly owns 87,404 shares of the company’s stock, valued at $7,993,095.80. The trade was a 6.02 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 140,177 shares of company stock worth $12,895,688 in the last ninety days. 45.58% of the stock is owned by company insiders.

Walmart 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.