McKinley Carter Wealth Services Inc. Has $1.44 Million Stake in Walmart Inc. (NYSE:WMT)

McKinley Carter Wealth Services Inc. reduced its position in shares of Walmart Inc. (NYSE:WMT) by 1.5% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 15,961 shares of the retailer’s stock after selling 242 shares during the period. McKinley Carter Wealth Services Inc.’s holdings in Walmart were worth $1,442,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the business. Peterson Financial Group Inc. acquired a new position in Walmart in the third quarter worth $26,000. Voisard Asset Management Group Inc. increased its stake in Walmart by 77.3% during the 3rd quarter. Voisard Asset Management Group Inc. now owns 399 shares of the retailer’s stock worth $32,000 after purchasing an additional 174 shares in the last quarter. Decker Retirement Planning Inc. bought a new stake in Walmart in the 4th quarter valued at $32,000. Hoese & Co LLP acquired a new position 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 worth approximately $36,000. Institutional investors and hedge funds own 26.76% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the company. Morgan Stanley raised their price objective on Walmart from $100.00 to $106.00 and gave the company an “overweight” rating in a research report on Tuesday, January 21st. BMO Capital Markets raised their price objective on shares of Walmart from $80.00 to $100.00 and gave the company an “outperform” rating in a report on Monday, November 18th. TD Cowen lifted their target price on Walmart from $90.00 to $100.00 and gave the stock a “buy” rating in a report on Wednesday, November 20th. DZ Bank cut shares of Walmart from a “buy” rating to a “hold” rating and set a $91.00 price objective for the company. in a research report on Thursday, November 21st. Finally, Telsey Advisory Group lifted their target price on Walmart from $92.00 to $100.00 and gave the stock an “outperform” rating in a report on Tuesday, November 19th. Two equities research analysts have rated the stock with a hold rating, twenty-nine have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Walmart has an average rating of “Moderate Buy” and an average target price of $94.69.

Insiders Place Their Bets

In other Walmart news, 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 value of $166,658.10. Following the sale, the executive vice president now owns 460,705 shares of the company’s stock, valued at $41,956,404.35. This trade represents a 0.40 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO C Douglas Mcmillon sold 29,124 shares of the company’s stock in a transaction that occurred on Thursday, January 23rd. The shares were sold at an average price of $92.62, for a total value of $2,697,464.88. Following the completion of the transaction, the chief executive officer now directly owns 3,766,491 shares of the company’s stock, valued at approximately $348,852,396.42. This trade represents a 0.77 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 137,177 shares of company stock valued at $12,649,328 over the last quarter. Insiders own 45.58% of the company’s stock.

Walmart Price Performance

Shares of NYSE:WMT opened at $98.61 on Friday. 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 fifty day moving average price is $92.71 and its two-hundred day moving average price is $82.79. The stock has a market cap of $792.15 billion, a PE ratio of 40.47, a price-to-earnings-growth ratio of 4.42 and a beta of 0.55. Walmart Inc. has a one year low of $55.04 and a one year high of $98.93.

Walmart (NYSE:WMT) last posted its earnings results on Tuesday, November 19th. The retailer reported $0.58 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.53 by $0.05. Walmart had a net margin of 2.92% and a return on equity of 21.78%. The firm had revenue of $169.59 billion during the quarter, compared to the consensus estimate of $167.69 billion. During the same quarter in the prior year, the company earned $0.51 EPS. The company’s revenue was up 5.5% on a year-over-year basis. On average, analysts forecast that Walmart Inc. will post 2.48 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.