Osborne Partners Capital Management LLC Sells 375 Shares of Walmart Inc. (NYSE:WMT)

Osborne Partners Capital Management LLC lessened its position in Walmart Inc. (NYSE:WMT) by 0.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 150,504 shares of the retailer’s stock after selling 375 shares during the period. Osborne Partners Capital Management LLC’s holdings in Walmart were worth $13,598,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Jennison Associates LLC boosted its holdings in shares of Walmart by 479.6% during the 3rd quarter. Jennison Associates LLC now owns 18,479,259 shares of the retailer’s stock worth $1,492,200,000 after buying an additional 15,290,936 shares during the period. FMR LLC increased its stake in Walmart by 12.9% during the 3rd quarter. FMR LLC now owns 63,135,639 shares of the retailer’s stock worth $5,098,203,000 after acquiring an additional 7,200,004 shares during the period. International Assets Investment Management LLC raised its stake in Walmart by 8,814.4% in the third quarter. International Assets Investment Management LLC now owns 6,963,218 shares of the retailer’s stock valued at $562,280,000 after purchasing an additional 6,885,106 shares in the last quarter. Geode Capital Management LLC increased its stake in Walmart by 3.3% in the third quarter. Geode Capital Management LLC now owns 87,617,409 shares of the retailer’s stock valued at $7,048,465,000 after acquiring an additional 2,786,061 shares during the last quarter. Finally, Fisher Asset Management LLC lifted its stake in Walmart by 4.6% during the third quarter. Fisher Asset Management LLC now owns 47,659,844 shares of the retailer’s stock worth $3,848,533,000 after purchasing an additional 2,107,197 shares during the last quarter. Institutional investors own 26.76% of the company’s stock.

Insiders Place Their Bets

In other news, CEO C Douglas Mcmillon sold 29,124 shares of Walmart stock in a transaction that occurred on Wednesday, November 27th. The stock was sold at an average price of $91.44, for a total value of $2,663,098.56. Following the sale, the chief executive officer now directly owns 3,814,805 shares in the company, valued at approximately $348,825,769.20. This trade represents a 0.76 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Robert Edward Jr. Moritz acquired 5,446 shares of Walmart stock in a transaction on Wednesday, November 27th. The shares were bought at an average cost of $91.81 per share, for a total transaction of $499,997.26. Following the completion of the transaction, the director now owns 7,805 shares in the company, valued at approximately $716,577.05. This trade represents a 230.86 % increase in their position. The disclosure for this purchase can be found here. Insiders sold a total of 137,177 shares of company stock valued at $12,649,328 over the last quarter. 45.58% of the stock is owned by corporate insiders.

Walmart Price Performance

Shares of NYSE:WMT opened at $99.60 on Tuesday. The company has a 50 day moving average of $93.07 and a 200 day moving average of $83.27. The stock has a market cap of $800.13 billion, a P/E ratio of 40.88, a P/E/G ratio of 4.49 and a beta of 0.55. Walmart Inc. has a 12 month low of $55.85 and a 12 month high of $99.79. The company has a current ratio of 0.85, a quick ratio of 0.23 and a debt-to-equity ratio of 0.42.

Walmart (NYSE:WMT) last issued its quarterly earnings data 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 return on equity of 21.78% and a net margin of 2.92%. The company had revenue of $169.59 billion during the quarter, compared to analyst estimates of $167.69 billion. During the same quarter in the previous year, the firm earned $0.51 earnings per share. Walmart’s revenue was up 5.5% on a year-over-year basis. As a group, sell-side analysts forecast that Walmart Inc. will post 2.48 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

WMT has been the subject of a number of research reports. Morgan Stanley increased their target price on shares of Walmart from $100.00 to $106.00 and gave the stock an “overweight” rating in a report on Tuesday, January 21st. Evercore ISI raised their price target on shares of Walmart from $94.00 to $96.00 and gave the stock an “outperform” rating in a report on Tuesday, December 3rd. Bank of America lifted their target price on Walmart from $95.00 to $105.00 and gave the stock a “buy” rating in a report on Wednesday, November 20th. Barclays lifted their price target on shares of Walmart from $90.00 to $98.00 and gave the company an “overweight” rating in a research note on Thursday, January 9th. Finally, BMO Capital Markets boosted their price objective on Walmart from $80.00 to $100.00 and gave the company an “outperform” rating in a report on Monday, November 18th. 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, Walmart currently has a consensus rating of “Moderate Buy” and an average target price of $95.37.

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.