Walmart Inc. (NYSE:WMT) Shares Sold by KBC Group NV

KBC Group NV cut its stake in Walmart Inc. (NYSE:WMT) by 14.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,012,658 shares of the retailer’s stock after selling 168,420 shares during the period. KBC Group NV’s holdings in Walmart were worth $91,494,000 at the end of the most recent reporting period.

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

Insider Activity

In other news, EVP John D. Rainey sold 3,000 shares of the business’s stock in a transaction on Friday, November 1st. The shares were sold at an average price of $82.12, for a total value of $246,360.00. Following the sale, the executive vice president now owns 378,165 shares in the company, valued at approximately $31,054,909.80. The trade was a 0.79 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Daniel J. Bartlett sold 1,830 shares of the stock in a transaction dated Wednesday, January 15th. The stock was sold at an average price of $91.07, for a total transaction of $166,658.10. Following the sale, the executive vice president now owns 460,705 shares of the company’s stock, 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. In the last three months, insiders have sold 140,177 shares of company stock worth $12,895,688. Corporate insiders own 45.58% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently weighed in on WMT shares. Truist Financial lifted their price target on Walmart from $89.00 to $98.00 and gave the stock a “buy” rating in a research note on Wednesday, November 20th. Telsey Advisory Group upped their price target on shares of Walmart from $92.00 to $100.00 and gave the company an “outperform” rating in a research report on Tuesday, November 19th. Jefferies Financial Group lifted their price objective on shares of Walmart from $105.00 to $111.00 and gave the stock a “buy” rating in a research report on Tuesday, December 17th. UBS Group increased their target price on Walmart from $92.00 to $100.00 and gave the company a “buy” rating in a report on Wednesday, November 20th. Finally, Evercore ISI increased their price objective on Walmart from $94.00 to $96.00 and gave the stock an “outperform” rating in a research note on Tuesday, December 3rd. Two analysts have rated the stock with a hold rating, twenty-nine have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $94.69.

Walmart Stock Down 0.0 %

WMT stock opened at $97.36 on Wednesday. The business’s 50-day simple moving average is $92.29 and its 200 day simple moving average is $82.49. 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 company has a market cap of $782.16 billion, a PE ratio of 39.96, a price-to-earnings-growth ratio of 4.42 and a beta of 0.55. Walmart Inc. has a twelve month low of $54.51 and a twelve month high of $97.84.

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, 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 business had revenue of $169.59 billion for the quarter, compared to analysts’ expectations of $167.69 billion. During the same period in the previous year, the business posted $0.51 earnings per share. Walmart’s quarterly revenue was up 5.5% on a year-over-year basis. On average, research analysts anticipate that Walmart Inc. will post 2.48 earnings per share for the current 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.