Coston McIsaac & Partners Has $9.97 Million Position in Walmart Inc. (NYSE:WMT)

Coston McIsaac & Partners reduced its position in Walmart Inc. (NYSE:WMT) by 13.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 110,400 shares of the retailer’s stock after selling 17,529 shares during the quarter. Walmart comprises about 3.0% of Coston McIsaac & Partners’ portfolio, making the stock its 8th largest position. Coston McIsaac & Partners’ holdings in Walmart were worth $9,973,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Peterson Financial Group Inc. bought a new position in Walmart in the third quarter valued at about $26,000. Voisard Asset Management Group Inc. boosted its stake in shares of Walmart by 77.3% in the 3rd quarter. Voisard Asset Management Group Inc. now owns 399 shares of the retailer’s stock valued at $32,000 after purchasing an additional 174 shares in the last quarter. Decker Retirement Planning Inc. bought a new stake in shares of Walmart during the 4th quarter valued at approximately $32,000. Hoese & Co LLP acquired a new position in Walmart during the 3rd quarter worth approximately $33,000. Finally, Livelsberger Financial Advisory bought a new position in Walmart in the 3rd quarter valued at approximately $36,000. 26.76% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, EVP John R. Furner sold 13,125 shares of the company’s stock in a transaction that occurred on Thursday, January 23rd. The stock was sold at an average price of $92.96, for a total value of $1,220,100.00. Following the completion of the transaction, the executive vice president now directly owns 568,626 shares of the company’s stock, valued at $52,859,472.96. This represents a 2.26 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO C Douglas Mcmillon sold 29,124 shares of the company’s 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 completion of the transaction, the chief executive officer now owns 3,814,805 shares of the company’s stock, valued at $348,825,769.20. This trade represents a 0.76 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 137,177 shares of company stock worth $12,649,328 over the last 90 days. 45.58% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the stock. Tigress Financial boosted their target price on shares of Walmart from $86.00 to $115.00 and gave the stock a “buy” rating in a research note on Friday, December 13th. Piper Sandler boosted their price objective on Walmart from $83.00 to $93.00 and gave the stock an “overweight” rating in a research report on Monday, November 18th. DZ Bank downgraded Walmart from a “buy” rating to a “hold” rating and set a $91.00 target price for the company. in a research report on Thursday, November 21st. Sanford C. Bernstein boosted their price target on Walmart from $98.00 to $102.00 and gave the stock an “outperform” rating in a report on Wednesday, November 20th. Finally, StockNews.com lowered shares of Walmart from a “strong-buy” rating to a “buy” rating in a report on Wednesday, November 20th. Two equities research 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 data from MarketBeat, Walmart has an average rating of “Moderate Buy” and a consensus target price of $95.11.

Walmart Trading Down 0.7 %

NYSE WMT opened at $97.97 on Friday. The company has a quick ratio of 0.23, a current ratio of 0.85 and a debt-to-equity ratio of 0.42. Walmart Inc. has a 52 week low of $55.04 and a 52 week high of $99.00. The business has a 50 day moving average price of $92.91 and a 200-day moving average price of $82.90. The company has a market cap of $787.00 billion, a price-to-earnings ratio of 40.20, a P/E/G ratio of 4.46 and a beta of 0.55.

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

Walmart 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.