Walmart Inc. (NYSE:WMT) Shares Sold by AEGON ASSET MANAGEMENT UK Plc

AEGON ASSET MANAGEMENT UK Plc reduced its position in shares of Walmart Inc. (NYSE:WMT) by 10.9% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 517,921 shares of the retailer’s stock after selling 63,088 shares during the period. AEGON ASSET MANAGEMENT UK Plc’s holdings in Walmart were worth $46,825,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in WMT. Peterson Financial Group Inc. bought a new stake in shares of Walmart during the 3rd quarter valued at about $26,000. Decker Retirement Planning Inc. bought a new stake in shares of Walmart during the 4th quarter valued at about $32,000. Voisard Asset Management Group Inc. boosted its position in Walmart by 77.3% during the 3rd quarter. Voisard Asset Management Group Inc. now owns 399 shares of the retailer’s stock valued at $32,000 after purchasing an additional 174 shares during the period. Hoese & Co LLP acquired a new position in Walmart during the 3rd quarter valued at approximately $33,000. Finally, Livelsberger Financial Advisory acquired a new position in Walmart during the 3rd quarter valued at approximately $36,000. 26.76% of the stock is owned by institutional investors and hedge funds.

Walmart Stock Up 1.1 %

NYSE WMT opened at $94.84 on Monday. 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 firm has a 50-day simple moving average of $92.02 and a 200 day simple moving average of $82.21. Walmart Inc. has a twelve month low of $53.47 and a twelve month high of $96.18. The stock has a market cap of $761.90 billion, a PE ratio of 38.92, a PEG ratio of 4.42 and a beta of 0.55.

Walmart (NYSE:WMT) last released its earnings results on Tuesday, November 19th. The retailer reported $0.58 earnings per share for the quarter, beating 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 analysts’ expectations of $167.69 billion. During the same quarter last year, the company earned $0.51 earnings per share. The firm’s revenue was up 5.5% on a year-over-year basis. On average, research analysts forecast that Walmart Inc. will post 2.48 EPS for the current year.

Analyst Ratings Changes

WMT has been the subject of a number of analyst reports. Stifel Nicolaus boosted their price objective on Walmart from $89.00 to $94.00 and gave the company a “hold” rating in a research report on Tuesday, December 10th. Telsey Advisory Group lifted their price objective 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. Piper Sandler lifted 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. Evercore ISI raised their target price on Walmart from $94.00 to $96.00 and gave the company an “outperform” rating in a research report on Tuesday, December 3rd. Finally, StockNews.com cut Walmart from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, November 20th. Two research 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 stock. According to data from MarketBeat.com, Walmart has a consensus rating of “Moderate Buy” and a consensus target price of $94.69.

Insider Activity at Walmart

In related news, CEO C Douglas Mcmillon sold 29,124 shares of the company’s stock in a transaction dated Thursday, January 23rd. The shares were sold at an average price of $92.62, for a total value of $2,697,464.88. Following the sale, the chief executive officer now owns 3,766,491 shares of the company’s stock, valued at $348,852,396.42. The trade was a 0.77 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP John D. Rainey sold 3,000 shares of the company’s stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $82.12, for a total transaction of $246,360.00. Following the completion of the sale, the executive vice president now directly 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 disclosure for this sale can be found here. Over the last ninety days, insiders sold 140,177 shares of company stock worth $12,895,688. 45.58% of the stock is owned by corporate insiders.

About Walmart

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.