Montag A & Associates Inc. Reduces Holdings in Walmart Inc. (NYSE:WMT)

Montag A & Associates Inc. lowered its holdings in shares of Walmart Inc. (NYSE:WMT) by 1.0% in the fourth quarter, HoldingsChannel.com reports. The fund owned 252,758 shares of the retailer’s stock after selling 2,469 shares during the quarter. Walmart comprises about 1.1% of Montag A & Associates Inc.’s investment portfolio, making the stock its 18th biggest holding. Montag A & Associates Inc.’s holdings in Walmart were worth $22,889,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of WMT. Peterson Financial Group Inc. acquired a new stake in shares of Walmart during the third quarter valued at $26,000. Fiduciary Advisors Inc. acquired a new stake in shares of Walmart during the 4th quarter worth about $27,000. Voisard Asset Management Group Inc. grew its holdings in shares of Walmart by 77.3% during the third quarter. Voisard Asset Management Group Inc. now owns 399 shares of the retailer’s stock worth $32,000 after buying an additional 174 shares in the last quarter. Decker Retirement Planning Inc. acquired a new position in shares of Walmart in the fourth quarter valued at approximately $32,000. Finally, Livelsberger Financial Advisory purchased a new position in shares of Walmart during the third quarter valued at approximately $36,000. Hedge funds and other institutional investors own 26.76% of the company’s stock.

Insider Transactions at Walmart

In related news, CEO C Douglas Mcmillon sold 29,124 shares of the business’s stock in a transaction dated 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 completion of the sale, the chief executive officer now owns 3,814,805 shares of the company’s stock, valued at $348,825,769.20. This represents a 0.76 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Robert Edward Jr. Moritz purchased 5,446 shares of the business’s stock in a transaction that occurred on Wednesday, November 27th. The stock was bought at an average cost of $91.81 per share, for a total transaction of $499,997.26. Following the acquisition, the director now owns 7,805 shares in the company, valued at approximately $716,577.05. The trade was a 230.86 % increase in their position. The disclosure for this purchase can be found here. Over the last 90 days, insiders have sold 175,177 shares of company stock valued at $16,403,728. Insiders own 45.58% of the company’s stock.

Analysts Set New Price Targets

Several analysts have commented on WMT shares. StockNews.com cut shares of Walmart from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, November 20th. Robert W. Baird upped their target price on Walmart from $90.00 to $100.00 and gave the company an “outperform” rating in a research note on Wednesday, November 20th. Royal Bank of Canada restated an “outperform” rating and issued a $105.00 price target on shares of Walmart in a report on Wednesday, January 15th. Piper Sandler increased their price objective on shares of Walmart from $83.00 to $93.00 and gave the stock an “overweight” rating in a report on Monday, November 18th. Finally, Tigress Financial boosted their target price on shares of Walmart from $86.00 to $115.00 and gave the company a “buy” rating in a report on Friday, December 13th. Two equities research analysts have rated the stock with a hold rating, twenty-nine have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Walmart presently has an average rating of “Moderate Buy” and a consensus price target of $99.17.

Walmart Trading Down 1.0 %

NYSE:WMT opened at $104.04 on Friday. The stock has a market cap of $835.78 billion, a price-to-earnings ratio of 42.70, a price-to-earnings-growth ratio of 4.25 and a beta of 0.55. Walmart Inc. has a one year low of $55.99 and a one year high of $105.30. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.23 and a current ratio of 0.85. The business’s 50-day simple moving average is $94.99 and its 200 day simple moving average is $85.33.

Walmart (NYSE:WMT) last announced its earnings results on Tuesday, November 19th. The retailer reported $0.58 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.53 by $0.05. The company had revenue of $169.59 billion for the quarter, compared to analyst estimates of $167.69 billion. Walmart had a return on equity of 21.78% and a net margin of 2.92%. Walmart’s quarterly revenue was up 5.5% on a year-over-year basis. During the same period in the prior year, the company posted $0.51 EPS. As a group, sell-side analysts predict that Walmart Inc. will post 2.48 earnings per share for the current fiscal 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.