Hendershot Investments Inc. Trims Holdings in Walmart Inc. (NYSE:WMT)

Hendershot Investments Inc. decreased its stake in shares of Walmart Inc. (NYSE:WMT) by 12.2% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 12,703 shares of the retailer’s stock after selling 1,770 shares during the period. Hendershot Investments Inc.’s holdings in Walmart were worth $1,148,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the stock. Jennison Associates LLC grew its position 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 valued at $1,492,200,000 after purchasing an additional 15,290,936 shares in the last quarter. FMR LLC boosted its position in shares of Walmart by 12.9% during the 3rd quarter. FMR LLC now owns 63,135,639 shares of the retailer’s stock valued at $5,098,203,000 after acquiring an additional 7,200,004 shares during the last quarter. International Assets Investment Management LLC increased its position in shares of 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 worth $562,280,000 after purchasing an additional 6,885,106 shares during the last quarter. Geode Capital Management LLC raised 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 purchasing an additional 2,786,061 shares in the last quarter. Finally, Fisher Asset Management LLC lifted its position in Walmart by 4.6% during the third quarter. Fisher Asset Management LLC now owns 47,659,844 shares of the retailer’s stock valued at $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.

Insider Activity

In other news, EVP John D. Rainey sold 38,000 shares of Walmart stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $98.80, for a total transaction of $3,754,400.00. Following the completion of the transaction, the executive vice president now directly owns 257,281 shares in the company, valued at approximately $25,419,362.80. This trade represents a 12.87 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Robert Edward Jr. Moritz purchased 5,446 shares of the business’s stock in a transaction that occurred on Wednesday, November 27th. The stock was bought at an average price of $91.81 per share, for a total transaction of $499,997.26. Following the purchase, the director now directly owns 7,805 shares in the company, valued at $716,577.05. The trade was a 230.86 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last 90 days, insiders have sold 175,177 shares of company stock worth $16,403,728. Corporate insiders own 45.58% of the company’s stock.

Wall Street Analysts Forecast Growth

WMT has been the topic of several research reports. Oppenheimer raised their price objective on shares of Walmart from $100.00 to $110.00 and gave the company an “outperform” rating in a research report on Wednesday, February 5th. Morgan Stanley raised their price target on Walmart from $100.00 to $106.00 and gave the company an “overweight” rating in a research report on Tuesday, January 21st. Tigress Financial upped their price objective on Walmart from $86.00 to $115.00 and gave the stock a “buy” rating in a report on Friday, December 13th. Piper Sandler raised their price objective on Walmart from $83.00 to $93.00 and gave the company an “overweight” rating in a report on Monday, November 18th. Finally, Truist Financial upped their target price on Walmart from $89.00 to $98.00 and gave the stock a “buy” rating in a research note on Wednesday, November 20th. Two equities 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. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $96.01.

Walmart Price Performance

WMT stock opened at $101.17 on Monday. The firm has a 50-day moving average of $94.07 and a 200 day moving average of $84.26. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.85 and a quick ratio of 0.23. The company has a market cap of $812.73 billion, a P/E ratio of 41.52, a PEG ratio of 4.25 and a beta of 0.55. Walmart Inc. has a 1 year low of $55.85 and a 1 year high of $103.11.

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

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.