Foundation Resource Management Inc. Sells 150 Shares of Walmart Inc. (NYSE:WMT)

Foundation Resource Management Inc. lessened its stake in shares of Walmart Inc. (NYSE:WMT) by 0.8% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 19,376 shares of the retailer’s stock after selling 150 shares during the quarter. Foundation Resource Management Inc.’s holdings in Walmart were worth $1,751,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in WMT. Bradley Foster & Sargent Inc. CT lifted its stake in shares of Walmart by 4.8% in the second quarter. Bradley Foster & Sargent Inc. CT now owns 202,427 shares of the retailer’s stock worth $13,706,000 after buying an additional 9,275 shares during the last quarter. E Fund Management Co. Ltd. raised its holdings in Walmart by 15.3% in the 2nd quarter. E Fund Management Co. Ltd. now owns 28,002 shares of the retailer’s stock worth $1,896,000 after acquiring an additional 3,719 shares during the period. Mercer Global Advisors Inc. ADV lifted its position in Walmart by 3.0% during the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 2,214,990 shares of the retailer’s stock worth $149,977,000 after acquiring an additional 65,048 shares during the last quarter. Meiji Yasuda Life Insurance Co grew its position in shares of Walmart by 8.7% in the second quarter. Meiji Yasuda Life Insurance Co now owns 292,966 shares of the retailer’s stock valued at $19,837,000 after purchasing an additional 23,450 shares during the last quarter. Finally, Meiji Yasuda Asset Management Co Ltd. grew its position in shares of Walmart by 6.3% in the second quarter. Meiji Yasuda Asset Management Co Ltd. now owns 357,284 shares of the retailer’s stock valued at $24,192,000 after purchasing an additional 21,234 shares during the last quarter. Institutional investors and hedge funds own 26.76% of the company’s stock.

Walmart Price Performance

WMT opened at $91.39 on Thursday. The company has a fifty day moving average price of $90.70 and a two-hundred day moving average price of $80.96. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.23 and a current ratio of 0.85. The firm has a market capitalization of $734.17 billion, a PE ratio of 37.51, a P/E/G ratio of 4.41 and a beta of 0.55. Walmart Inc. has a 52 week low of $53.44 and a 52 week high of $96.18.

Walmart (NYSE:WMT) last announced its quarterly earnings results on Tuesday, November 19th. The retailer reported $0.58 earnings per share for the quarter, beating analysts’ consensus estimates of $0.53 by $0.05. The business had revenue of $169.59 billion for the quarter, compared to the consensus estimate of $167.69 billion. Walmart had a net margin of 2.92% and a return on equity of 21.78%. Walmart’s revenue for the quarter was up 5.5% on a year-over-year basis. During the same period last year, the company posted $0.51 EPS. As a group, analysts anticipate that Walmart Inc. will post 2.47 earnings per share for the current year.

Analyst Upgrades and Downgrades

WMT has been the subject of several recent analyst reports. Piper Sandler increased their target price on Walmart from $83.00 to $93.00 and gave the company an “overweight” rating in a research note on Monday, November 18th. Melius Research started coverage on Walmart in a research report on Monday, September 23rd. They issued a “buy” rating and a $95.00 price objective for the company. DZ Bank lowered shares of Walmart from a “buy” rating to a “hold” rating and set a $91.00 target price on the stock. in a research report on Thursday, November 21st. Oppenheimer upped their price target on Walmart from $81.00 to $90.00 and gave the company an “outperform” rating in a report on Monday, October 14th. Finally, BMO Capital Markets increased their price objective on shares of Walmart from $80.00 to $100.00 and gave the company an “outperform” rating in a research note on Monday, November 18th. Two research analysts have rated the stock with a hold rating, twenty-nine have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $94.49.

Insider Buying and Selling at Walmart

In other Walmart news, CEO C Douglas Mcmillon sold 29,124 shares of the business’s stock in a transaction that occurred on Thursday, December 26th. The stock was sold at an average price of $92.35, for a total value of $2,689,601.40. Following the sale, the chief executive officer now owns 3,785,702 shares in the company, valued at approximately $349,609,579.70. The trade was a 0.76 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP John R. Furner sold 13,125 shares of the stock in a transaction on Thursday, December 26th. The stock was sold at an average price of $92.60, for a total transaction of $1,215,375.00. Following the transaction, the executive vice president now owns 566,794 shares of the company’s stock, valued at $52,485,124.40. The trade was a 2.26 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 138,347 shares of company stock valued at $12,311,491. Company insiders own 45.58% of the company’s stock.

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.