Marcum Wealth LLC Sells 2,405 Shares of Walmart Inc. (NYSE:WMT)

Marcum Wealth LLC trimmed its position in shares of Walmart Inc. (NYSE:WMT) by 9.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 23,131 shares of the retailer’s stock after selling 2,405 shares during the period. Marcum Wealth LLC’s holdings in Walmart were worth $2,090,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the company. Peterson Financial Group Inc. bought a new stake in shares of Walmart during the third quarter valued at approximately $26,000. Voisard Asset Management Group Inc. boosted its stake 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. Hoese & Co LLP acquired a new stake in Walmart during the third quarter worth $33,000. Livelsberger Financial Advisory bought a new stake in Walmart in the 3rd quarter valued at $36,000. Finally, Hara Capital LLC acquired a new position in shares of Walmart in the 3rd quarter valued at $37,000. Institutional investors and hedge funds own 26.76% of the company’s stock.

Insider Activity at Walmart

In other news, CEO C Douglas Mcmillon sold 29,124 shares of the business’s stock in a transaction dated Thursday, October 24th. The stock was sold at an average price of $82.79, for a total transaction of $2,411,175.96. Following the completion of the transaction, the chief executive officer now directly owns 3,843,929 shares in the company, valued at approximately $318,238,881.91. The trade was a 0.75 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP John R. Furner sold 13,125 shares of the stock in a transaction that occurred on Thursday, December 26th. The shares were sold at an average price of $92.60, for a total transaction of $1,215,375.00. Following the completion of the sale, the executive vice president now owns 566,794 shares in the company, valued at $52,485,124.40. This represents a 2.26 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 138,347 shares of company stock worth $12,311,491. 45.58% of the stock is owned by insiders.

Analyst Ratings Changes

WMT has been the topic of several recent research reports. Bank of America lifted their target price on shares of Walmart from $95.00 to $105.00 and gave the company a “buy” rating in a research report on Wednesday, November 20th. Tigress Financial lifted their price objective on Walmart from $86.00 to $115.00 and gave the company a “buy” rating in a report on Friday, December 13th. BMO Capital Markets increased their target price on Walmart from $80.00 to $100.00 and gave the stock an “outperform” rating in a report on Monday, November 18th. TD Cowen boosted their price target on Walmart from $90.00 to $100.00 and gave the company a “buy” rating in a research note on Wednesday, November 20th. Finally, Jefferies Financial Group upped their price target on Walmart from $105.00 to $111.00 and gave the company a “buy” rating in a research report on Tuesday, December 17th. Two equities 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 company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $94.08.

Walmart Stock Down 1.7 %

Shares of NYSE WMT opened at $91.39 on Tuesday. The company has a current ratio of 0.85, a quick ratio of 0.23 and a debt-to-equity ratio of 0.42. The firm has a market capitalization of $734.17 billion, a PE ratio of 37.51, a price-to-earnings-growth ratio of 4.47 and a beta of 0.55. The firm’s 50-day moving average is $90.56 and its 200-day moving average is $80.80. Walmart Inc. has a 1 year low of $53.44 and a 1 year high of $96.18.

Walmart (NYSE:WMT) last issued its earnings results on Tuesday, November 19th. The retailer reported $0.58 EPS for the quarter, beating the consensus estimate of $0.53 by $0.05. The company 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 for the quarter was up 5.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.51 EPS. Equities analysts expect that Walmart Inc. will post 2.47 EPS for the current 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.