Capstone Wealth Management Group LLC Lowers Position in Walmart Inc. (NYSE:WMT)

Capstone Wealth Management Group LLC reduced its stake in Walmart Inc. (NYSE:WMT) by 3.2% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 7,718 shares of the retailer’s stock after selling 252 shares during the quarter. Capstone Wealth Management Group LLC’s holdings in Walmart were worth $697,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Brophy Wealth Management LLC purchased a new stake in Walmart in the 3rd quarter valued at $2,072,000. Bank of New Hampshire raised its position in Walmart by 13.7% in the 4th quarter. Bank of New Hampshire now owns 47,949 shares of the retailer’s stock valued at $4,332,000 after buying an additional 5,786 shares during the last quarter. Iowa State Bank raised its position in Walmart by 213.8% in the 4th quarter. Iowa State Bank now owns 26,807 shares of the retailer’s stock valued at $2,422,000 after buying an additional 18,263 shares during the last quarter. Fisher Asset Management LLC raised its position in Walmart by 4.6% in the 3rd quarter. Fisher Asset Management LLC now owns 47,659,844 shares of the retailer’s stock valued at $3,848,533,000 after buying an additional 2,107,197 shares during the last quarter. Finally, Virtu Financial LLC purchased a new stake in Walmart in the 3rd quarter valued at $541,000. 26.76% of the stock is owned by hedge funds and other institutional investors.

Walmart Price Performance

Shares of Walmart stock opened at $90.79 on Wednesday. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.85 and a quick ratio of 0.23. The business’s 50 day simple moving average is $90.70 and its two-hundred day simple moving average is $80.96. The stock has a market capitalization of $729.35 billion, a P/E ratio of 37.26, a price-to-earnings-growth ratio of 4.47 and a beta of 0.55. Walmart Inc. has a one year low of $53.44 and a one year high of $96.18.

Walmart (NYSE:WMT) last announced its quarterly earnings results on Tuesday, November 19th. The retailer reported $0.58 EPS for the quarter, topping 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 firm earned $0.51 EPS. The business’s quarterly revenue was up 5.5% on a year-over-year basis. Analysts forecast that Walmart Inc. will post 2.47 EPS for the current year.

Insider Activity

In other news, EVP John R. Furner sold 13,125 shares of the business’s stock in a transaction that occurred on Thursday, December 26th. The stock was sold at an average price of $92.60, for a total transaction of $1,215,375.00. Following the transaction, the executive vice president now directly owns 566,794 shares of the company’s stock, valued at approximately $52,485,124.40. The trade was a 2.26 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO C Douglas Mcmillon sold 29,124 shares of Walmart stock in a transaction that occurred 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 sale, the chief executive officer now owns 3,843,929 shares in the company, valued at $318,238,881.91. This represents a 0.75 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 138,347 shares of company stock valued at $12,311,491. Company insiders own 45.58% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on WMT. Sanford C. Bernstein raised their target price on Walmart from $98.00 to $102.00 and gave the company an “outperform” rating in a research report on Wednesday, November 20th. Piper Sandler raised their target price on Walmart from $83.00 to $93.00 and gave the company an “overweight” rating in a research report on Monday, November 18th. Oppenheimer raised their target price on Walmart from $81.00 to $90.00 and gave the company an “outperform” rating in a research report on Monday, October 14th. Wells Fargo & Company raised their target price on Walmart from $96.00 to $100.00 and gave the company an “overweight” rating in a research report on Friday, January 10th. Finally, Royal Bank of Canada raised their target price on Walmart from $88.00 to $92.00 and gave the company an “overweight” rating in a research report on Monday, November 18th. Two research analysts have rated the stock with a hold rating, twenty-nine have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $94.08.

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.