Walmart Inc. (NYSE:WMT) Shares Sold by Kingswood Wealth Advisors LLC

Kingswood Wealth Advisors LLC cut its position in Walmart Inc. (NYSE:WMT) by 32.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 55,543 shares of the retailer’s stock after selling 26,768 shares during the period. Kingswood Wealth Advisors LLC’s holdings in Walmart were worth $5,018,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently made changes to their positions in the company. Dakota Community Bank & Trust NA boosted its stake in shares of Walmart by 4.0% in the fourth quarter. Dakota Community Bank & Trust NA now owns 2,879 shares of the retailer’s stock worth $260,000 after acquiring an additional 110 shares during the last quarter. Kozak & Associates Inc. boosted its stake in Walmart by 22.3% during the fourth quarter. Kozak & Associates Inc. now owns 619 shares of the retailer’s stock worth $56,000 after buying an additional 113 shares during the last quarter. Summit Financial Wealth Advisors LLC raised its position in Walmart by 0.5% in the third quarter. Summit Financial Wealth Advisors LLC now owns 23,720 shares of the retailer’s stock valued at $1,915,000 after purchasing an additional 118 shares during the period. Lowe Wealth Advisors LLC raised its position in Walmart by 13.5% in the fourth quarter. Lowe Wealth Advisors LLC now owns 1,018 shares of the retailer’s stock valued at $92,000 after purchasing an additional 121 shares during the period. Finally, Moody Lynn & Lieberson LLC raised its position in Walmart by 0.9% in the fourth quarter. Moody Lynn & Lieberson LLC now owns 13,903 shares of the retailer’s stock valued at $1,256,000 after purchasing an additional 121 shares during the period. 26.76% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

WMT has been the topic of several research 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 report on Tuesday, December 10th. Evercore ISI upped their price target on Walmart from $94.00 to $96.00 and gave the stock an “outperform” rating in a report on Tuesday, December 3rd. UBS Group upped their price target on Walmart from $92.00 to $100.00 and gave the stock a “buy” rating in a report on Wednesday, November 20th. Telsey Advisory Group upped their price target on Walmart from $92.00 to $100.00 and gave the stock an “outperform” rating in a report on Tuesday, November 19th. Finally, Barclays upped their price objective on Walmart from $90.00 to $98.00 and gave the stock an “overweight” rating in a research report on Thursday, January 9th. Two equities research analysts have rated the stock with a hold rating, twenty-nine have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Walmart has a consensus rating of “Moderate Buy” and an average target price of $94.69.

Walmart Stock Performance

Shares of WMT stock opened at $97.36 on Wednesday. The company has a market cap of $782.16 billion, a price-to-earnings ratio of 39.96, a price-to-earnings-growth ratio of 4.42 and a beta of 0.55. The stock has a 50 day simple moving average of $92.29 and a 200-day simple moving average of $82.49. Walmart Inc. has a 12-month low of $54.51 and a 12-month high of $97.84. The company has a current ratio of 0.85, a quick ratio of 0.23 and a debt-to-equity ratio of 0.42.

Walmart (NYSE:WMT) last issued its earnings results on Tuesday, November 19th. The retailer reported $0.58 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.53 by $0.05. The business had revenue of $169.59 billion during the quarter, compared to the consensus estimate of $167.69 billion. Walmart had a return on equity of 21.78% and a net margin of 2.92%. The company’s revenue for the quarter was up 5.5% on a year-over-year basis. During the same period in the prior year, the business posted $0.51 EPS. On average, equities analysts forecast that Walmart Inc. will post 2.48 EPS for the current year.

Insider Activity at Walmart

In related news, SVP David Chojnowski sold 5,600 shares of the firm’s stock in a transaction that occurred on Wednesday, November 27th. The stock was sold at an average price of $91.45, for a total value of $512,120.00. Following the completion of the transaction, the senior vice president now directly owns 87,404 shares of the company’s stock, valued at $7,993,095.80. This trade represents a 6.02 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO C Douglas Mcmillon sold 29,124 shares of the firm’s stock in a transaction that occurred on Wednesday, November 27th. The shares were sold at an average price of $91.44, for a total value of $2,663,098.56. Following the completion of the transaction, the chief executive officer now directly owns 3,814,805 shares of the company’s stock, valued at $348,825,769.20. The trade was a 0.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 140,177 shares of company stock valued at $12,895,688 in the last ninety days. Corporate insiders own 45.58% of the company’s stock.

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.