Walmart Inc. (NYSE:WMT) Shares Sold by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC lowered its position in shares of Walmart Inc. (NYSE:WMT) by 18.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,330,123 shares of the retailer’s stock after selling 291,229 shares during the period. Allspring Global Investments Holdings LLC’s holdings in Walmart were worth $119,719,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Peterson Financial Group Inc. purchased a new stake in shares of Walmart during the 3rd quarter worth approximately $26,000. Fiduciary Advisors Inc. acquired a new stake in Walmart during the 4th quarter worth $27,000. Voisard Asset Management Group Inc. lifted its position in Walmart by 77.3% in the third quarter. Voisard Asset Management Group Inc. now owns 399 shares of the retailer’s stock valued at $32,000 after acquiring an additional 174 shares during the last quarter. Decker Retirement Planning Inc. acquired a new position in Walmart in the fourth quarter valued at $32,000. Finally, Livelsberger Financial Advisory purchased a new position in shares of Walmart during the third quarter worth about $36,000. Hedge funds and other institutional investors own 26.76% of the company’s stock.

Insider Activity at Walmart

In other news, EVP John D. Rainey sold 38,000 shares of the business’s stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $98.80, for a total value of $3,754,400.00. Following the completion of the transaction, the executive vice president now directly owns 257,281 shares of the company’s stock, valued at $25,419,362.80. The trade was a 12.87 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP John R. Furner sold 13,125 shares of the stock in a transaction on Thursday, January 23rd. The shares were sold at an average price of $92.96, for a total value of $1,220,100.00. Following the sale, the executive vice president now directly owns 568,626 shares in the company, valued at approximately $52,859,472.96. The trade was a 2.26 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 175,177 shares of company stock valued at $16,403,728. 45.58% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the company. Roth Mkm boosted their target price on Walmart from $81.00 to $97.00 and gave the company a “buy” rating in a report on Wednesday, November 20th. StockNews.com cut Walmart from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, November 20th. Morgan Stanley upped their price target on shares of Walmart from $100.00 to $106.00 and gave the company an “overweight” rating in a research report on Tuesday, January 21st. Oppenheimer increased their price target on shares of Walmart from $100.00 to $110.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 5th. Finally, Wells Fargo & Company lifted their price objective on shares of Walmart from $100.00 to $108.00 and gave the company an “overweight” rating in a research note on Monday, February 3rd. Two 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 MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $98.56.

Walmart Stock Performance

NYSE WMT opened at $103.62 on Thursday. The business has a 50 day moving average price of $94.45 and a 200 day moving average price of $84.82. 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 capitalization of $832.42 billion, a P/E ratio of 42.53, 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 $103.90.

Walmart (NYSE:WMT) last announced 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 company had revenue of $169.59 billion during the quarter, compared to analysts’ expectations of $167.69 billion. During the same quarter in the previous year, the business posted $0.51 earnings per share. The firm’s quarterly revenue was up 5.5% compared to the same quarter last year. Sell-side analysts expect 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.