Advanced Asset Management Advisors Inc Sells 526 Shares of Walmart Inc. (NYSE:WMT)

Advanced Asset Management Advisors Inc decreased its position in shares of Walmart Inc. (NYSE:WMT) by 0.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 112,239 shares of the retailer’s stock after selling 526 shares during the quarter. Walmart comprises 2.7% of Advanced Asset Management Advisors Inc’s holdings, making the stock its 10th largest holding. Advanced Asset Management Advisors Inc’s holdings in Walmart were worth $10,141,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Peterson Financial Group Inc. bought a new stake in Walmart during the 3rd quarter worth approximately $26,000. Fiduciary Advisors Inc. purchased a new position in shares of Walmart during the fourth quarter valued at approximately $27,000. Voisard Asset Management Group Inc. grew its holdings in 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. purchased a new stake in Walmart in the 4th quarter valued at $32,000. Finally, Livelsberger Financial Advisory bought a new position in Walmart during the 3rd quarter valued at $36,000. Institutional investors own 26.76% of the company’s stock.

Walmart Stock Performance

NYSE:WMT opened at $104.04 on Tuesday. 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 firm’s fifty day simple moving average is $94.99 and its 200 day simple moving average is $85.56. The stock has a market cap of $835.78 billion, a P/E ratio of 42.70, a price-to-earnings-growth ratio of 4.25 and a beta of 0.55. Walmart Inc. has a twelve month low of $55.99 and a twelve month high of $105.30.

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

Wall Street Analysts Forecast Growth

WMT has been the subject of several recent analyst reports. Citigroup upped their target price on shares of Walmart from $98.00 to $120.00 and gave the stock a “buy” rating in a research note on Tuesday, February 11th. Jefferies Financial Group lifted their target price on shares of Walmart from $105.00 to $111.00 and gave the stock a “buy” rating in a research report on Tuesday, December 17th. UBS Group increased their price target on Walmart from $100.00 to $113.00 and gave the company a “buy” rating in a research report on Friday, January 31st. BMO Capital Markets lifted their price target on Walmart from $80.00 to $100.00 and gave the stock an “outperform” rating in a report on Monday, November 18th. Finally, Morgan Stanley reaffirmed an “overweight” rating and set a $115.00 target price (up from $106.00) on shares of Walmart in a research report on Thursday, February 13th. Two equities research 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. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $100.53.

Insider Activity

In other Walmart news, EVP John D. Rainey sold 38,000 shares of the firm’s 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 completion of the transaction, the executive vice president now owns 257,281 shares of the company’s stock, valued at approximately $25,419,362.80. This trade represents a 12.87 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO C Douglas Mcmillon sold 29,124 shares of the company’s stock in a transaction dated Thursday, January 23rd. The stock was sold at an average price of $92.62, for a total transaction of $2,697,464.88. Following the completion of the sale, the chief executive officer now directly owns 3,766,491 shares in the company, valued at $348,852,396.42. This represents a 0.77 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 175,177 shares of company stock worth $16,403,728 in the last quarter. 45.58% of the stock is owned by company insiders.

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.