Allen Capital Group LLC Trims Stock Holdings in Walmart Inc. (NYSE:WMT)

Allen Capital Group LLC lowered its position in shares of Walmart Inc. (NYSE:WMT - Free Report) by 6.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 52,255 shares of the retailer's stock after selling 3,716 shares during the quarter. Allen Capital Group LLC's holdings in Walmart were worth $4,721,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of the business. Brophy Wealth Management LLC bought a new stake in Walmart during the third quarter worth about $2,072,000. Bank of New Hampshire boosted its position in shares of Walmart by 13.7% in the 4th quarter. Bank of New Hampshire now owns 47,949 shares of the retailer's stock worth $4,332,000 after purchasing an additional 5,786 shares in the last quarter. Iowa State Bank grew its stake in shares of Walmart by 213.8% in the 4th quarter. Iowa State Bank now owns 26,807 shares of the retailer's stock worth $2,422,000 after buying an additional 18,263 shares during the last quarter. Fisher Asset Management LLC increased its position in Walmart by 4.6% during the 3rd quarter. Fisher Asset Management LLC now owns 47,659,844 shares of the retailer's stock valued at $3,848,533,000 after buying an additional 2,107,197 shares in the last quarter. Finally, Virtu Financial LLC purchased a new position in Walmart during the third quarter valued at $541,000. Institutional investors own 26.76% of the company's stock.

Insider Buying and Selling

In other Walmart news, CEO C Douglas Mcmillon sold 29,124 shares of Walmart stock in a transaction on Thursday, January 23rd. The shares were sold at an average price of $92.62, for a total value of $2,697,464.88. Following the sale, the chief executive officer now directly owns 3,766,491 shares in the company, valued at approximately $348,852,396.42. The trade was a 0.77 % decrease in their position. The sale 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 dated Thursday, January 23rd. The shares were sold at an average price of $92.96, for a total transaction of $1,220,100.00. Following the transaction, the executive vice president now directly owns 568,626 shares of the company's stock, valued at $52,859,472.96. This trade represents a 2.26 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 137,177 shares of company stock valued at $12,649,328. Corporate insiders own 45.58% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on WMT. Truist Financial raised their price target on Walmart from $89.00 to $98.00 and gave the company a "buy" rating in a report on Wednesday, November 20th. Piper Sandler raised 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. Guggenheim upped their target price on shares of Walmart from $90.00 to $100.00 and gave the stock a "buy" rating in a research note on Wednesday, November 20th. Jefferies Financial Group raised their price target on shares of Walmart from $105.00 to $111.00 and gave the company a "buy" rating in a research report on Tuesday, December 17th. Finally, KeyCorp upped their price objective on Walmart from $96.00 to $100.00 and gave the company an "overweight" rating in a research report on Wednesday, December 11th. Two research 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. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $95.11.

Walmart Price Performance

NYSE WMT opened at $97.97 on Friday. The company has a current ratio of 0.85, a quick ratio of 0.23 and a debt-to-equity ratio of 0.42. Walmart Inc. has a 12 month low of $55.04 and a 12 month high of $99.00. The stock has a market cap of $787.00 billion, a price-to-earnings ratio of 40.20, a PEG ratio of 4.46 and a beta of 0.55. The company's 50 day moving average is $92.91 and its two-hundred day moving average is $82.90.

Walmart (NYSE:WMT - Get Free Report) last posted 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 for 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 business's quarterly revenue was up 5.5% on a year-over-year basis. During the same period last year, the firm earned $0.51 earnings per share. As a group, research analysts anticipate that Walmart Inc. will post 2.48 earnings per share for the current 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.

Want to see what other hedge funds are holding WMT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Walmart Inc. (NYSE:WMT - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.