Crewe Advisors LLC Has $710,000 Holdings in Walmart Inc. (NYSE:WMT)

Crewe Advisors LLC lessened its holdings in shares of Walmart Inc. (NYSE:WMT) by 5.2% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 7,858 shares of the retailer’s stock after selling 434 shares during the period. Crewe Advisors LLC’s holdings in Walmart were worth $710,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. Brophy Wealth Management LLC acquired a new stake in shares of Walmart during the 3rd quarter worth approximately $2,072,000. Bank of New Hampshire boosted its position in shares of Walmart by 13.7% during 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 boosted its position in shares of Walmart by 213.8% during 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 boosted its position in shares of Walmart by 4.6% during 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 acquired a new stake in shares of Walmart during the 3rd quarter worth approximately $541,000. Institutional investors and hedge funds own 26.76% of the company’s stock.

Walmart Stock Down 1.6 %

Shares of NYSE WMT opened at $101.17 on Friday. The stock has a market capitalization of $812.73 billion, a P/E ratio of 41.52, a P/E/G ratio of 4.49 and a beta of 0.55. The company has a 50-day moving average price of $93.89 and a 200-day moving average price of $83.95. Walmart Inc. has a 1 year low of $55.85 and a 1 year high of $103.11. 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 (NYSE:WMT) last issued its quarterly earnings data 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 firm had revenue of $169.59 billion during the quarter, compared to analysts’ expectations of $167.69 billion. Walmart had a net margin of 2.92% and a return on equity of 21.78%. The business’s revenue was up 5.5% on a year-over-year basis. During the same period last year, the company earned $0.51 earnings per share. On average, equities research analysts forecast that Walmart Inc. will post 2.48 EPS for the current fiscal year.

Insider Activity

In other news, Director Robert Edward Jr. Moritz purchased 5,446 shares of the company’s stock in a transaction that occurred on Wednesday, November 27th. The shares were bought at an average cost of $91.81 per share, with a total value 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 approximately $716,577.05. This trade represents a 230.86 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO C Douglas Mcmillon sold 29,124 shares of the firm’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 transaction, the chief executive officer now directly owns 3,814,805 shares in the company, valued at $348,825,769.20. The trade was a 0.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 175,177 shares of company stock worth $16,403,728 over the last three months. 45.58% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several analysts recently issued reports on the stock. UBS Group increased their price target on shares of Walmart from $100.00 to $113.00 and gave the stock a “buy” rating in a research report on Friday, January 31st. DZ Bank downgraded shares of Walmart from a “buy” rating to a “hold” rating and set a $91.00 price objective for the company. in a research note on Thursday, November 21st. Piper Sandler increased their price objective on shares of Walmart from $83.00 to $93.00 and gave the company an “overweight” rating in a research note on Monday, November 18th. Wells Fargo & Company increased their price objective on shares of Walmart from $100.00 to $108.00 and gave the company an “overweight” rating in a research note on Monday, February 3rd. Finally, Morgan Stanley increased their price objective on shares of Walmart from $100.00 to $106.00 and gave the company an “overweight” rating in a research note on Tuesday, January 21st. Two analysts have rated the stock with a hold rating, twenty-nine have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Walmart presently has an average rating of “Moderate Buy” and a consensus target price of $96.01.

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.