Wetzel Investment Advisors Inc. Sells 230 Shares of Walmart Inc. (NYSE:WMT)

Wetzel Investment Advisors Inc. lessened its holdings in shares of Walmart Inc. (NYSE:WMT) by 1.3% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 17,637 shares of the retailer’s stock after selling 230 shares during the period. Walmart makes up approximately 0.8% of Wetzel Investment Advisors Inc.’s holdings, making the stock its 29th largest position. Wetzel Investment Advisors Inc.’s holdings in Walmart were worth $1,597,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Birmingham Capital Management Co. Inc. AL increased its holdings in shares of Walmart by 3.8% during the 2nd quarter. Birmingham Capital Management Co. Inc. AL now owns 25,537 shares of the retailer’s stock worth $1,729,000 after purchasing an additional 940 shares during the period. RiverFront Investment Group LLC raised its holdings in Walmart by 5.4% in the 2nd quarter. RiverFront Investment Group LLC now owns 516,256 shares of the retailer’s stock valued at $34,956,000 after acquiring an additional 26,258 shares in the last quarter. SRN Advisors LLC raised its holdings in Walmart by 2.8% in the 2nd quarter. SRN Advisors LLC now owns 19,150 shares of the retailer’s stock valued at $1,297,000 after acquiring an additional 522 shares in the last quarter. Strategic Investment Solutions Inc. IL bought a new stake in shares of Walmart in the 2nd quarter worth approximately $829,000. Finally, Brown Financial Advisors acquired a new stake in shares of Walmart during the 2nd quarter worth approximately $1,708,000. Institutional investors own 26.76% of the company’s stock.

Insiders Place Their Bets

In related news, EVP John D. Rainey sold 3,000 shares of the stock in a transaction on Friday, November 1st. The stock was sold at an average price of $82.12, for a total value of $246,360.00. Following the sale, the executive vice president now owns 378,165 shares in the company, valued at approximately $31,054,909.80. This represents a 0.79 % decrease in their position. The transaction 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 firm’s stock in a transaction on Wednesday, November 27th. The stock was bought at an average price of $91.81 per share, for a total transaction of $499,997.26. Following the completion of the acquisition, the director now 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 disclosure for this purchase can be found here. Over the last three months, insiders have sold 140,177 shares of company stock valued at $12,895,688. 45.58% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

WMT has been the subject of several research reports. Piper Sandler raised their target price on Walmart from $83.00 to $93.00 and gave the stock an “overweight” rating in a research report on Monday, November 18th. UBS Group lifted their target price on shares of Walmart from $92.00 to $100.00 and gave the company a “buy” rating in a research report on Wednesday, November 20th. Robert W. Baird increased their price target on shares of Walmart from $90.00 to $100.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 20th. DZ Bank downgraded Walmart from a “buy” rating to a “hold” rating and set a $91.00 price objective on the stock. in a report on Thursday, November 21st. Finally, TD Cowen increased their target price on Walmart from $90.00 to $100.00 and gave the stock a “buy” rating in a report on Wednesday, November 20th. Two investment 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 company’s stock. According to MarketBeat.com, Walmart has a consensus rating of “Moderate Buy” and a consensus target price of $94.69.

Walmart Trading Up 0.3 %

Walmart stock opened at $97.55 on Thursday. 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 firm has a 50-day moving average of $92.50 and a 200-day moving average of $82.69. The company has a market cap of $783.66 billion, a price-to-earnings ratio of 40.03, a P/E/G ratio of 4.42 and a beta of 0.55. Walmart Inc. has a one year low of $54.54 and a one year high of $98.17.

Walmart (NYSE:WMT) last posted its quarterly earnings results on Tuesday, November 19th. The retailer reported $0.58 earnings per share for the quarter, beating analysts’ consensus estimates of $0.53 by $0.05. The firm 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 business’s revenue was up 5.5% compared to the same quarter last year. During the same period last year, the company earned $0.51 earnings per share. On average, equities analysts expect 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.