Global Wealth Management Investment Advisory Inc. Cuts Position in Walmart Inc. (NYSE:WMT)

Global Wealth Management Investment Advisory Inc. reduced its stake in shares of Walmart Inc. (NYSE:WMT) by 3.7% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 61,791 shares of the retailer’s stock after selling 2,374 shares during the period. Walmart makes up about 1.2% of Global Wealth Management Investment Advisory Inc.’s holdings, making the stock its 20th largest position. Global Wealth Management Investment Advisory Inc.’s holdings in Walmart were worth $5,583,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Brophy Wealth Management LLC purchased a new stake in Walmart during the third quarter worth $2,072,000. Bank of New Hampshire raised its stake in shares of Walmart by 13.7% during the 4th quarter. Bank of New Hampshire now owns 47,949 shares of the retailer’s stock worth $4,332,000 after buying an additional 5,786 shares during the last quarter. Iowa State Bank boosted its position in shares of Walmart by 213.8% in the 4th quarter. Iowa State Bank now owns 26,807 shares of the retailer’s stock worth $2,422,000 after buying an additional 18,263 shares in the last quarter. Fisher Asset Management LLC grew its stake in Walmart by 4.6% in the 3rd quarter. Fisher Asset Management LLC now owns 47,659,844 shares of the retailer’s stock valued at $3,848,533,000 after acquiring an additional 2,107,197 shares during the last quarter. Finally, Virtu Financial LLC acquired a new stake in Walmart in the 3rd quarter valued at about $541,000. 26.76% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Walmart

In related news, EVP John R. Furner sold 13,125 shares of the firm’s stock in a transaction dated Wednesday, November 27th. The stock was sold at an average price of $92.00, for a total transaction of $1,207,500.00. Following the sale, the executive vice president now directly owns 579,915 shares in the company, valued at approximately $53,352,180. This trade represents a 2.21 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO C Douglas Mcmillon sold 29,124 shares of the company’s 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 completion of the transaction, the chief executive officer now owns 3,814,805 shares of the company’s stock, valued at approximately $348,825,769.20. This represents a 0.76 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 175,177 shares of company stock worth $16,403,728. Corporate insiders own 45.58% of the company’s stock.

Walmart Stock Down 0.5 %

WMT opened at $102.45 on Wednesday. Walmart Inc. has a 1 year low of $55.85 and a 1 year high of $103.11. The firm has a 50 day moving average price of $94.27 and a 200 day moving average price of $84.59. 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 company has a market cap of $822.98 billion, a PE ratio of 42.04, a price-to-earnings-growth ratio of 4.25 and a beta of 0.55.

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

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the stock. Bank of America upped their price target on shares of Walmart from $95.00 to $105.00 and gave the company a “buy” rating in a report on Wednesday, November 20th. Barclays upped their target price on Walmart from $90.00 to $98.00 and gave the company an “overweight” rating in a research note on Thursday, January 9th. Roth Mkm raised their price target on Walmart from $81.00 to $97.00 and gave the stock a “buy” rating in a research report on Wednesday, November 20th. UBS Group upped their price objective on Walmart from $100.00 to $113.00 and gave the company a “buy” rating in a research report on Friday, January 31st. Finally, Robert W. Baird increased their price objective on Walmart from $90.00 to $100.00 and gave the company 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 assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $98.08.

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.