Stablepoint Partners LLC Sells 564 Shares of Walmart Inc. (NYSE:WMT)

Stablepoint Partners LLC lowered its stake in Walmart Inc. (NYSE:WMT) by 0.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 78,651 shares of the retailer’s stock after selling 564 shares during the quarter. Walmart makes up approximately 1.3% of Stablepoint Partners LLC’s investment portfolio, making the stock its 11th largest position. Stablepoint Partners LLC’s holdings in Walmart were worth $7,106,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Peterson Financial Group Inc. bought a new position in shares of Walmart in the third quarter worth about $26,000. Voisard Asset Management Group Inc. increased its stake in shares of Walmart by 77.3% in the third quarter. Voisard Asset Management Group Inc. now owns 399 shares of the retailer’s stock valued at $32,000 after buying an additional 174 shares during the period. Decker Retirement Planning Inc. acquired a new position in shares of Walmart in the fourth quarter valued at approximately $32,000. Hoese & Co LLP acquired a new position in shares of Walmart in the third quarter valued at approximately $33,000. Finally, Livelsberger Financial Advisory acquired a new position in shares of Walmart in the third quarter valued at approximately $36,000. Institutional investors own 26.76% of the company’s stock.

Insider Buying and Selling at Walmart

In other Walmart news, 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 in the company, valued at approximately $348,825,769.20. This trade represents a 0.76 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Robert Edward Jr. Moritz acquired 5,446 shares of the company’s stock in a transaction on Wednesday, November 27th. The shares were bought at an average price of $91.81 per share, for a total transaction of $499,997.26. Following the completion of the purchase, the director now owns 7,805 shares in the company, valued at approximately $716,577.05. This represents a 230.86 % increase in their position. The disclosure for this purchase 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.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the company. KeyCorp upped their price objective on Walmart from $96.00 to $100.00 and gave the company an “overweight” rating in a research note on Wednesday, December 11th. Telsey Advisory Group upped their price objective on Walmart from $92.00 to $100.00 and gave the company an “outperform” rating in a research note on Tuesday, November 19th. Bank of America upped their price objective on Walmart from $95.00 to $105.00 and gave the company a “buy” rating in a research note on Wednesday, November 20th. Oppenheimer increased their target price on shares of Walmart from $81.00 to $90.00 and gave the company an “outperform” rating in a research report on Monday, October 14th. Finally, Jefferies Financial Group increased their target price on shares of Walmart from $105.00 to $111.00 and gave the company a “buy” rating in a research report on Tuesday, December 17th. 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. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $94.69.

Walmart Price Performance

Shares of WMT opened at $97.39 on Tuesday. Walmart Inc. has a 12-month low of $54.51 and a 12-month high of $97.46. The business’s fifty day moving average is $92.02 and its 200 day moving average is $82.29. 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 stock has a market cap of $782.38 billion, a P/E ratio of 39.97, a P/E/G ratio of 4.42 and a beta of 0.55.

Walmart (NYSE:WMT) last issued its quarterly earnings data 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 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 last year, the business earned $0.51 EPS. The business’s revenue was up 5.5% on a year-over-year basis. Sell-side analysts anticipate that Walmart Inc. will post 2.48 earnings per share for the current fiscal 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.