Ifrah Financial Services Inc. Trims Position in Walmart Inc. (NYSE:WMT)

Ifrah Financial Services Inc. trimmed its position in Walmart Inc. (NYSE:WMT) by 7.1% 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 27,811 shares of the retailer’s stock after selling 2,127 shares during the quarter. Ifrah Financial Services Inc.’s holdings in Walmart were worth $2,513,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Swedbank AB grew its position in shares of Walmart by 0.4% during the 3rd quarter. Swedbank AB now owns 5,345,293 shares of the retailer’s stock valued at $431,632,000 after purchasing an additional 18,644 shares in the last quarter. Resonant Capital Advisors LLC raised its position in shares of Walmart by 18.8% in the third quarter. Resonant Capital Advisors LLC now owns 11,824 shares of the retailer’s stock worth $955,000 after buying an additional 1,867 shares in the last quarter. Cyndeo Wealth Partners LLC boosted its stake in Walmart by 21.0% during the third quarter. Cyndeo Wealth Partners LLC now owns 25,623 shares of the retailer’s stock valued at $2,069,000 after buying an additional 4,455 shares during the period. McClarren Financial Advisors Inc. grew its position in Walmart by 351.1% during the third quarter. McClarren Financial Advisors Inc. now owns 1,218 shares of the retailer’s stock worth $98,000 after buying an additional 948 shares in the last quarter. Finally, Violich Capital Management Inc. increased its stake in Walmart by 1.5% in the 3rd quarter. Violich Capital Management Inc. now owns 13,175 shares of the retailer’s stock worth $1,064,000 after acquiring an additional 200 shares during the last quarter. 26.76% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the stock. Roth Mkm upped their price objective on shares of Walmart from $81.00 to $97.00 and gave the stock a “buy” rating in a research report on Wednesday, November 20th. Wells Fargo & Company raised their price target on Walmart from $100.00 to $108.00 and gave the company an “overweight” rating in a research report on Monday, February 3rd. Morgan Stanley reaffirmed an “overweight” rating and set a $115.00 target price (up previously from $106.00) on shares of Walmart in a report on Thursday, February 13th. Piper Sandler raised their price objective on Walmart from $83.00 to $93.00 and gave the company an “overweight” rating in a research note on Monday, November 18th. Finally, JPMorgan Chase & Co. boosted their target price on Walmart from $97.00 to $112.00 and gave the company an “overweight” rating in a research note on Monday, February 10th. Two research analysts have rated the stock with a hold rating, twenty-nine have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Walmart has a consensus rating of “Moderate Buy” and a consensus target price of $100.53.

Insider Transactions at Walmart

In other news, EVP Daniel J. Bartlett sold 1,830 shares of the business’s stock in a transaction on Wednesday, January 15th. The stock was sold at an average price of $91.07, for a total value of $166,658.10. Following the completion of the transaction, the executive vice president now owns 460,705 shares in the company, valued at $41,956,404.35. The trade was a 0.40 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO C Douglas Mcmillon sold 29,124 shares of the stock in a transaction on Wednesday, November 27th. The shares were sold at an average price of $91.44, for a total value of $2,663,098.56. Following the sale, the chief executive officer now directly owns 3,814,805 shares in the company, valued at $348,825,769.20. This trade represents a 0.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 175,177 shares of company stock worth $16,403,728. Corporate insiders own 45.58% of the company’s stock.

Walmart Stock Down 1.0 %

Shares of Walmart stock opened at $104.04 on Tuesday. The firm has a market cap of $835.78 billion, a price-to-earnings ratio of 42.70, a PEG ratio of 4.25 and a beta of 0.55. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.85 and a quick ratio of 0.23. Walmart Inc. has a 1 year low of $55.99 and a 1 year high of $105.30. The company has a 50-day moving average of $94.99 and a 200 day moving average of $85.56.

Walmart (NYSE:WMT) last released its earnings results on Tuesday, November 19th. The retailer reported $0.58 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 analysts’ expectations of $167.69 billion. Walmart had a return on equity of 21.78% and a net margin of 2.92%. The company’s quarterly revenue was up 5.5% on a year-over-year basis. During the same period in the prior year, the firm posted $0.51 earnings per share. As a group, sell-side analysts anticipate 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.