Folger Nolan Fleming Douglas Capital Management Inc. Sells 711 Shares of Walmart Inc. (NYSE:WMT)

Folger Nolan Fleming Douglas Capital Management Inc. cut its stake in Walmart Inc. (NYSE:WMT) by 2.1% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 32,561 shares of the retailer’s stock after selling 711 shares during the period. Folger Nolan Fleming Douglas Capital Management Inc.’s holdings in Walmart were worth $2,942,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the company. AE Wealth Management LLC grew its stake in Walmart by 36.6% in the second quarter. AE Wealth Management LLC now owns 211,257 shares of the retailer’s stock worth $14,304,000 after purchasing an additional 56,658 shares during the period. Pacer Advisors Inc. boosted its holdings in shares of Walmart by 3.2% during the 2nd quarter. Pacer Advisors Inc. now owns 383,412 shares of the retailer’s stock valued at $25,961,000 after buying an additional 11,816 shares in the last quarter. Garden State Investment Advisory Services LLC grew its position in shares of Walmart by 15.9% in the 2nd quarter. Garden State Investment Advisory Services LLC now owns 7,644 shares of the retailer’s stock worth $518,000 after buying an additional 1,047 shares during the period. Sei Investments Co. increased its stake in shares of Walmart by 19.3% in the 2nd quarter. Sei Investments Co. now owns 1,541,659 shares of the retailer’s stock worth $104,388,000 after acquiring an additional 249,232 shares in the last quarter. Finally, Chesapeake Wealth Management lifted its position in Walmart by 5.5% during the 2nd quarter. Chesapeake Wealth Management now owns 25,795 shares of the retailer’s stock valued at $1,747,000 after acquiring an additional 1,349 shares during the period. 26.76% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the stock. DZ Bank downgraded shares of Walmart from a “buy” rating to a “hold” rating and set a $91.00 target price for the company. in a research note on Thursday, November 21st. KeyCorp lifted their price objective on Walmart from $96.00 to $100.00 and gave the company an “overweight” rating in a research note on Wednesday, December 11th. Jefferies Financial Group increased their target price on Walmart from $105.00 to $111.00 and gave the stock a “buy” rating in a research note on Tuesday, December 17th. Redburn Atlantic raised Walmart to a “strong-buy” rating in a research report on Monday, September 23rd. Finally, Piper Sandler increased their price objective on shares of Walmart from $83.00 to $93.00 and gave the company an “overweight” rating in a research report on Monday, November 18th. Two investment analysts have rated the stock with a hold rating, twenty-nine have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Walmart presently has a consensus rating of “Moderate Buy” and an average price target of $94.49.

Walmart Price Performance

Shares of Walmart stock opened at $92.02 on Friday. The stock’s fifty day moving average is $91.15 and its 200 day moving average is $81.27. Walmart Inc. has a one year low of $53.44 and a one year high of $96.18. 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 stock has a market cap of $739.19 billion, a P/E ratio of 37.76, a P/E/G ratio of 4.41 and a beta of 0.55.

Walmart (NYSE:WMT) last announced its quarterly earnings data on Tuesday, November 19th. The retailer reported $0.58 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 the consensus estimate of $167.69 billion. During the same period in the previous year, the company posted $0.51 EPS. The firm’s revenue was up 5.5% on a year-over-year basis. Sell-side analysts anticipate that Walmart Inc. will post 2.47 earnings per share for the current year.

Insider Transactions at Walmart

In other Walmart news, Director Robert Edward Jr. Moritz bought 5,446 shares of the business’s stock in a transaction that occurred on Wednesday, November 27th. The stock was purchased at an average price 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 of the company’s stock, valued at $716,577.05. This trade represents a 230.86 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Daniel J. Bartlett sold 1,830 shares of Walmart stock in a transaction that occurred on Wednesday, January 15th. The shares were sold at an average price of $91.07, for a total value of $166,658.10. Following the sale, the executive vice president now directly owns 460,705 shares in the company, valued at $41,956,404.35. This trade represents a 0.40 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 140,177 shares of company stock valued at $12,478,149 over the last three months. Corporate insiders own 45.58% of the company’s stock.

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.