Walmart Inc. (NYSE:WMT) Shares Sold by MassMutual Private Wealth & Trust FSB

MassMutual Private Wealth & Trust FSB lessened its position in shares of Walmart Inc. (NYSE:WMT) by 1.8% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 398,043 shares of the retailer’s stock after selling 7,420 shares during the quarter. Walmart accounts for 1.0% of MassMutual Private Wealth & Trust FSB’s portfolio, making the stock its 22nd largest position. MassMutual Private Wealth & Trust FSB’s holdings in Walmart were worth $35,963,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Peterson Financial Group Inc. purchased a new stake in Walmart in the third quarter valued at $26,000. Decker Retirement Planning Inc. purchased a new stake in shares of Walmart in the fourth quarter worth about $32,000. Voisard Asset Management Group Inc. grew its holdings 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 acquiring an additional 174 shares during the period. Hoese & Co LLP purchased a new position in Walmart during the third quarter valued at approximately $33,000. Finally, Livelsberger Financial Advisory acquired a new position in Walmart in the third quarter valued at approximately $36,000. 26.76% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Walmart

In related news, CEO C Douglas Mcmillon sold 29,124 shares of Walmart stock in a transaction that occurred on Thursday, October 24th. The shares were sold at an average price of $82.79, for a total value of $2,411,175.96. Following the completion of the sale, the chief executive officer now owns 3,843,929 shares in the company, valued at approximately $318,238,881.91. This trade represents a 0.75 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP John R. Furner sold 13,125 shares of the company’s stock in a transaction on Thursday, October 24th. The stock was sold at an average price of $82.96, for a total value of $1,088,850.00. Following the transaction, the executive vice president now owns 593,040 shares in the company, valued at $49,198,598.40. This trade represents a 2.17 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 140,177 shares of company stock worth $12,478,149 over the last three months. Insiders own 45.58% of the company’s stock.

Walmart Trading Up 1.2 %

WMT opened at $93.05 on Wednesday. The stock has a market capitalization of $747.51 billion, a PE ratio of 38.19, a P/E/G ratio of 4.36 and a beta of 0.55. Walmart Inc. has a one year low of $53.44 and a one year high of $96.18. 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 business’s 50 day moving average price is $91.31 and its 200 day moving average price is $81.63.

Walmart (NYSE:WMT) last released its quarterly earnings results on Tuesday, November 19th. The retailer reported $0.58 earnings per share for the quarter, topping analysts’ consensus estimates of $0.53 by $0.05. The business had revenue of $169.59 billion during 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 revenue was up 5.5% compared to the same quarter last year. During the same period in the prior year, the business posted $0.51 EPS. As a group, equities research analysts expect that Walmart Inc. will post 2.47 EPS for the current year.

Wall Street Analysts Forecast Growth

WMT has been the subject of several recent research reports. Piper Sandler lifted their target price on shares of Walmart from $83.00 to $93.00 and gave the company an “overweight” rating in a report on Monday, November 18th. Truist Financial lifted their price objective on shares of Walmart from $89.00 to $98.00 and gave the company a “buy” rating in a report on Wednesday, November 20th. Sanford C. Bernstein increased their target price on shares of Walmart from $98.00 to $102.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 20th. Royal Bank of Canada restated an “outperform” rating and issued a $105.00 price target on shares of Walmart in a research note on Wednesday, January 15th. Finally, Robert W. Baird increased their price target on Walmart from $90.00 to $100.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 20th. Two investment 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, Walmart has a consensus rating of “Moderate Buy” and an average price target of $94.69.

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.