Ingalls & Snyder LLC Reduces Stake in Walmart Inc. (NYSE:WMT)

Ingalls & Snyder LLC lowered its holdings in Walmart Inc. (NYSE:WMT) by 1.2% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 64,563 shares of the retailer’s stock after selling 761 shares during the quarter. Ingalls & Snyder LLC’s holdings in Walmart were worth $5,833,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Brophy Wealth Management LLC bought a new position in shares of Walmart in the 3rd quarter worth approximately $2,072,000. Bank of New Hampshire raised its position in shares of Walmart by 13.7% in the 4th quarter. Bank of New Hampshire now owns 47,949 shares of the retailer’s stock worth $4,332,000 after acquiring an additional 5,786 shares in the last quarter. Iowa State Bank raised its position in shares of Walmart by 213.8% in the 4th quarter. Iowa State Bank now owns 26,807 shares of the retailer’s stock worth $2,422,000 after acquiring an additional 18,263 shares in the last quarter. Fisher Asset Management LLC raised its position in shares of Walmart by 4.6% in the 3rd quarter. Fisher Asset Management LLC now owns 47,659,844 shares of the retailer’s stock worth $3,848,533,000 after acquiring an additional 2,107,197 shares in the last quarter. Finally, Virtu Financial LLC bought a new position in shares of Walmart in the 3rd quarter worth approximately $541,000. Hedge funds and other institutional investors own 26.76% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the company. Roth Mkm increased their target price on Walmart from $81.00 to $97.00 and gave the stock a “buy” rating in a research report on Wednesday, November 20th. Morgan Stanley reissued an “overweight” rating and issued a $115.00 target price (up previously from $106.00) on shares of Walmart in a research report on Thursday. JPMorgan Chase & Co. raised their price objective on Walmart from $97.00 to $112.00 and gave the company an “overweight” rating in a research report on Monday. Robert W. Baird raised their price objective on Walmart from $90.00 to $100.00 and gave the company an “outperform” rating in a research report on Wednesday, November 20th. Finally, Oppenheimer raised their price objective on Walmart from $100.00 to $110.00 and gave the company an “outperform” rating in a research report on Wednesday, February 5th. Two analysts have rated the stock with a hold rating, twenty-nine have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $98.85.

Walmart Stock Performance

WMT stock opened at $105.10 on Friday. The company has a market cap of $844.29 billion, a P/E ratio of 43.13, a price-to-earnings-growth ratio of 4.25 and a beta of 0.55. Walmart Inc. has a 1 year low of $55.85 and a 1 year high of $105.24. 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 stock’s fifty day moving average price is $94.63 and its 200-day moving average price is $84.95.

Walmart (NYSE:WMT) last released its quarterly 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 firm had revenue of $169.59 billion for 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 last year, the business posted $0.51 EPS. On average, equities analysts forecast that Walmart Inc. will post 2.48 earnings per share for the current year.

Insider Transactions at Walmart

In related news, EVP John D. Rainey sold 38,000 shares of Walmart stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $98.80, for a total transaction of $3,754,400.00. Following the transaction, the executive vice president now directly owns 257,281 shares in the company, valued at approximately $25,419,362.80. The trade was a 12.87 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Robert Edward Jr. Moritz bought 5,446 shares of the stock in a transaction that occurred 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 transaction, the director now directly owns 7,805 shares of the company’s stock, valued at $716,577.05. This represents a 230.86 % increase in their position. The disclosure for this purchase can be found here. Insiders have sold a total of 175,177 shares of company stock worth $16,403,728 in the last ninety days. 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.