Harvey Capital Management Inc. Sells 3,000 Shares of Walmart Inc. (NYSE:WMT)

Harvey Capital Management Inc. trimmed its position in shares of Walmart Inc. (NYSE:WMT) by 6.0% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 46,950 shares of the retailer’s stock after selling 3,000 shares during the period. Harvey Capital Management Inc.’s holdings in Walmart were worth $4,242,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Fiduciary Advisors Inc. purchased a new stake in shares of Walmart in the fourth quarter worth approximately $27,000. Peterson Financial Group Inc. bought a new position in Walmart in the 3rd quarter valued at $26,000. Decker Retirement Planning Inc. purchased a new stake in Walmart in the fourth quarter worth $32,000. Voisard Asset Management Group Inc. lifted its position in shares of Walmart by 77.3% during the third quarter. Voisard Asset Management Group Inc. now owns 399 shares of the retailer’s stock worth $32,000 after purchasing an additional 174 shares during the last quarter. Finally, Livelsberger Financial Advisory purchased a new stake in shares of Walmart during the third quarter valued at $36,000. 26.76% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Walmart

In other Walmart news, Director Robert Edward Jr. Moritz acquired 5,446 shares of the company’s stock in a transaction dated Wednesday, November 27th. The shares were acquired at an average cost of $91.81 per share, with a total value of $499,997.26. Following the acquisition, the director now directly owns 7,805 shares of the company’s stock, valued at approximately $716,577.05. The trade was a 230.86 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO C Douglas Mcmillon sold 29,124 shares of the firm’s stock in a transaction on Wednesday, November 27th. The stock was sold at an average price of $91.44, for a total transaction of $2,663,098.56. Following the transaction, the chief executive officer now directly owns 3,814,805 shares of the company’s stock, valued at approximately $348,825,769.20. This trade represents a 0.76 % 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 worth $16,403,728. 45.58% of the stock is currently owned by insiders.

Walmart Stock Up 1.1 %

WMT stock opened at $103.62 on Thursday. The stock has a market capitalization of $832.42 billion, a PE ratio of 42.53, a price-to-earnings-growth ratio of 4.25 and a beta of 0.55. Walmart Inc. has a 52 week low of $55.85 and a 52 week high of $103.90. 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 moving average of $94.45 and a 200 day moving average of $84.82.

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. Walmart had a net margin of 2.92% and a return on equity of 21.78%. The business 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 firm posted $0.51 earnings per share. The business’s revenue for the quarter was up 5.5% compared to the same quarter last year. Sell-side analysts forecast that Walmart Inc. will post 2.48 earnings per share for the current year.

Analysts Set New Price Targets

Several research firms recently commented on WMT. KeyCorp raised their price target on shares of Walmart from $96.00 to $100.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 11th. Sanford C. Bernstein raised their target price on shares of Walmart from $98.00 to $102.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 20th. Barclays boosted their price target on Walmart from $90.00 to $98.00 and gave the company an “overweight” rating in a report on Thursday, January 9th. Robert W. Baird raised their price objective on Walmart from $90.00 to $100.00 and gave the stock an “outperform” rating in a report on Wednesday, November 20th. Finally, Citigroup upped their target price on Walmart from $98.00 to $120.00 and gave the stock a “buy” rating in a report on Tuesday. Two research analysts have rated the stock with a hold rating, twenty-nine have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $98.56.

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.