Burns J W & Co. Inc. NY Decreases Holdings in Walmart Inc. (NYSE:WMT)

Burns J W & Co. Inc. NY reduced its position in Walmart Inc. (NYSE:WMT) by 2.5% during the 4th quarter, Holdings Channel.com reports. The firm owned 5,025 shares of the retailer’s stock after selling 130 shares during the period. Burns J W & Co. Inc. NY’s holdings in Walmart were worth $454,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the business. Geode Capital Management LLC grew its stake in Walmart by 3.3% during the 3rd quarter. Geode Capital Management LLC now owns 87,617,409 shares of the retailer’s stock worth $7,048,465,000 after buying an additional 2,786,061 shares during the last quarter. FMR LLC grew its stake in shares of Walmart by 12.9% during the third 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 last quarter. Fisher Asset Management LLC increased its holdings in shares of 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 acquiring an additional 2,107,197 shares in the last quarter. Franklin Resources Inc. raised its position in shares of Walmart by 3.7% in the 3rd quarter. Franklin Resources Inc. now owns 41,501,782 shares of the retailer’s stock valued at $3,392,658,000 after purchasing an additional 1,480,927 shares during the last quarter. Finally, Legal & General Group Plc raised its position in shares of Walmart by 1.8% in the 2nd quarter. Legal & General Group Plc now owns 36,282,740 shares of the retailer’s stock valued at $2,456,704,000 after purchasing an additional 644,353 shares during the last quarter. 26.76% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on WMT. Melius Research initiated coverage on shares of Walmart in a research note on Monday, September 23rd. They set a “buy” rating and a $95.00 price target on the stock. Telsey Advisory Group raised their target price on Walmart from $92.00 to $100.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 19th. Jefferies Financial Group boosted their price target on Walmart from $105.00 to $111.00 and gave the company a “buy” rating in a research note on Tuesday, December 17th. Robert W. Baird raised their price objective on Walmart from $90.00 to $100.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 20th. Finally, Stifel Nicolaus upped their target price on Walmart from $89.00 to $94.00 and gave the company a “hold” rating in a research report on Tuesday, December 10th. Two investment 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 company’s stock. According to MarketBeat, Walmart has a consensus rating of “Moderate Buy” and a consensus target price of $94.08.

Walmart Stock Down 1.7 %

WMT stock opened at $91.39 on Tuesday. Walmart Inc. has a 52 week low of $53.44 and a 52 week high of $96.18. The company has a quick ratio of 0.23, a current ratio of 0.85 and a debt-to-equity ratio of 0.42. The firm has a 50-day simple moving average of $90.56 and a 200-day simple moving average of $80.80. The stock has a market capitalization of $734.17 billion, a P/E ratio of 37.51, a P/E/G ratio of 4.47 and a beta of 0.55.

Walmart (NYSE:WMT) last posted 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. The company had revenue of $169.59 billion during the quarter, compared to analyst estimates of $167.69 billion. Walmart had a return on equity of 21.78% and a net margin of 2.92%. Walmart’s quarterly revenue was up 5.5% on a year-over-year basis. During the same period in the previous year, the business earned $0.51 EPS. Equities analysts forecast that Walmart Inc. will post 2.47 earnings per share for the current fiscal year.

Insider Activity at Walmart

In other news, SVP David Chojnowski sold 5,600 shares of the stock in a transaction dated Wednesday, November 27th. The shares were sold at an average price of $91.45, for a total value of $512,120.00. Following the completion of the sale, the senior vice president now directly owns 87,404 shares in the company, valued at $7,993,095.80. This represents a 6.02 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP John D. Rainey sold 3,000 shares of the business’s stock in a transaction dated Friday, November 1st. The stock was sold at an average price of $82.12, for a total transaction of $246,360.00. Following the transaction, the executive vice president now owns 378,165 shares in the company, valued at $31,054,909.80. The trade was a 0.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 138,347 shares of company stock valued at $12,311,491. 45.58% of the stock is owned by insiders.

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.