Walmart Inc. (NYSE:WMT) Stock Holdings Trimmed by Trivant Custom Portfolio Group LLC

Trivant Custom Portfolio Group LLC lowered its position in shares of Walmart Inc. (NYSE:WMT) by 1.2% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 52,643 shares of the retailer’s stock after selling 640 shares during the period. Walmart comprises about 2.8% of Trivant Custom Portfolio Group LLC’s investment portfolio, making the stock its 10th largest position. Trivant Custom Portfolio Group LLC’s holdings in Walmart were worth $4,756,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently modified their holdings of the company. Retirement Wealth Solutions LLC purchased a new position in shares of Walmart during the fourth quarter valued at approximately $63,000. Brooklyn Investment Group raised its stake in Walmart by 6.0% during the fourth quarter. Brooklyn Investment Group now owns 34,027 shares of the retailer’s stock valued at $3,074,000 after buying an additional 1,930 shares during the last quarter. Somerset Trust Co boosted its holdings in Walmart by 1.7% in the fourth quarter. Somerset Trust Co now owns 75,898 shares of the retailer’s stock worth $6,857,000 after acquiring an additional 1,303 shares in the last quarter. Merit Financial Group LLC grew its stake in shares of Walmart by 35.7% in the fourth quarter. Merit Financial Group LLC now owns 145,435 shares of the retailer’s stock worth $13,140,000 after acquiring an additional 38,285 shares during the last quarter. Finally, Brand Asset Management Group Inc. bought a new position in shares of Walmart during the fourth quarter valued at $223,000. Institutional investors own 26.76% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the stock. DZ Bank cut shares of Walmart from a “buy” rating to a “hold” rating and set a $91.00 price target on the stock. in a research note on Thursday, November 21st. Sanford C. Bernstein upped their target price on shares of Walmart from $98.00 to $102.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 20th. BMO Capital Markets raised their price target on shares of Walmart from $80.00 to $100.00 and gave the company an “outperform” rating in a research report on Monday, November 18th. StockNews.com cut Walmart from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, November 20th. Finally, Roth Mkm lifted their target price on Walmart from $81.00 to $97.00 and gave the stock a “buy” rating in a report on Wednesday, November 20th. Two research analysts have rated the stock with a hold rating, twenty-nine have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, Walmart presently has an average rating of “Moderate Buy” and a consensus price target of $94.49.

Insider Transactions at Walmart

In other news, CEO C Douglas Mcmillon sold 29,124 shares of the business’s stock in a transaction on Thursday, October 24th. The shares were sold at an average price of $82.79, for a total value of $2,411,175.96. Following the transaction, the chief executive officer now owns 3,843,929 shares of the company’s stock, valued at approximately $318,238,881.91. The trade was a 0.75 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP David Chojnowski sold 5,600 shares of the company’s stock in a transaction on Wednesday, November 27th. The stock was sold at an average price of $91.45, for a total transaction of $512,120.00. Following the transaction, the senior vice president now owns 87,404 shares of the company’s stock, valued at approximately $7,993,095.80. This represents a 6.02 % 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 90 days. Company insiders own 45.58% of the company’s stock.

Walmart Price Performance

NYSE WMT opened at $92.02 on Friday. The stock has a market cap of $739.19 billion, a price-to-earnings ratio of 37.76, a PEG ratio of 4.41 and a beta of 0.55. Walmart Inc. has a 12 month low of $53.44 and a 12 month high of $96.18. The company’s 50 day moving average is $91.15 and its two-hundred day moving average is $81.27. The company has a current ratio of 0.85, a quick ratio of 0.23 and a debt-to-equity ratio of 0.42.

Walmart (NYSE:WMT) last released its earnings results on Tuesday, November 19th. The retailer reported $0.58 earnings per share for the quarter, beating 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 for the quarter, compared to analysts’ expectations of $167.69 billion. During the same quarter in the previous year, the company earned $0.51 EPS. Walmart’s revenue for the quarter was up 5.5% on a year-over-year basis. As a group, research analysts anticipate that Walmart Inc. will post 2.47 earnings per share 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.