Boston Trust Walden Corp Trims Position in Walmart Inc. (NYSE:WMT)

Boston Trust Walden Corp trimmed its position in Walmart Inc. (NYSE:WMT) by 0.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 14,800 shares of the retailer’s stock after selling 116 shares during the quarter. Boston Trust Walden Corp’s holdings in Walmart were worth $1,337,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. Financial Life Planners bought a new stake in Walmart during the 4th quarter worth approximately $118,000. Jennison Associates LLC grew its position in shares of Walmart by 37.1% during the 4th quarter. Jennison Associates LLC now owns 25,339,448 shares of the retailer’s stock valued at $2,289,419,000 after purchasing an additional 6,860,189 shares in the last quarter. Leisure Capital Management bought a new position in shares of Walmart in the fourth quarter worth $213,000. Prudent Investors Network Inc. purchased a new stake in shares of Walmart in the fourth quarter worth $226,000. Finally, Lazari Capital Management Inc. boosted its stake in Walmart by 2.8% during the fourth quarter. Lazari Capital Management Inc. now owns 11,436 shares of the retailer’s stock valued at $1,033,000 after buying an additional 316 shares during the period. 26.76% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, CEO C Douglas Mcmillon sold 29,124 shares of the business’s stock in a transaction on Wednesday, November 27th. The shares were sold at an average price of $91.44, for a total transaction of $2,663,098.56. Following the sale, the chief executive officer now owns 3,814,805 shares in the company, valued at approximately $348,825,769.20. The trade was a 0.76 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP John R. Furner sold 13,125 shares of the stock in a transaction dated Thursday, January 23rd. The stock was sold at an average price of $92.96, for a total transaction of $1,220,100.00. Following the completion of the transaction, the executive vice president now owns 568,626 shares of the company’s stock, valued at approximately $52,859,472.96. The trade was a 2.26 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 137,177 shares of company stock worth $12,649,328. Company insiders own 45.58% of the company’s stock.

Analyst Ratings Changes

Several analysts have weighed in on WMT shares. Piper Sandler raised their price target on Walmart from $83.00 to $93.00 and gave the company an “overweight” rating in a report on Monday, November 18th. Guggenheim raised their target price on shares of Walmart from $90.00 to $100.00 and gave the company a “buy” rating in a research note on Wednesday, November 20th. Jefferies Financial Group boosted their price target on shares of Walmart from $105.00 to $111.00 and gave the stock a “buy” rating in a research note on Tuesday, December 17th. KeyCorp raised their price objective on shares of Walmart from $96.00 to $100.00 and gave the company an “overweight” rating in a research report on Wednesday, December 11th. Finally, Bank of America upped their target price on shares of Walmart from $95.00 to $105.00 and gave the stock a “buy” rating in a research report on Wednesday, November 20th. Two analysts have rated the stock with a hold rating, twenty-nine have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $95.37.

Walmart Stock Performance

Shares of WMT stock opened at $100.92 on Wednesday. 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 fifty day moving average of $93.27 and a 200 day moving average of $83.48. The firm has a market capitalization of $810.71 billion, a price-to-earnings ratio of 41.42, a PEG ratio of 4.49 and a beta of 0.55. Walmart Inc. has a 52 week low of $55.85 and a 52 week high of $100.95.

Walmart (NYSE:WMT) last announced its 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. Walmart had a net margin of 2.92% and a return on equity of 21.78%. The firm had revenue of $169.59 billion for the quarter, compared to analyst estimates of $167.69 billion. During the same quarter in the previous year, the firm posted $0.51 EPS. The company’s revenue for the quarter was up 5.5% compared to the same quarter last year. As a group, research analysts expect that Walmart Inc. will post 2.48 earnings per share for the current year.

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.