Walmart Inc. (NYSE:WMT) Shares Sold by AMI Investment Management Inc.

AMI Investment Management Inc. reduced its stake in Walmart Inc. (NYSE:WMT - Free Report) by 39.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 8,572 shares of the retailer's stock after selling 5,491 shares during the period. AMI Investment Management Inc.'s holdings in Walmart were worth $774,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Geode Capital Management LLC grew its stake in Walmart by 3.3% during the 3rd quarter. Geode Capital Management LLC now owns 87,617,409 shares of the retailer's stock worth $7,048,465,000 after buying an additional 2,786,061 shares during the last quarter. FMR LLC grew its position in shares of Walmart by 12.9% during the third quarter. FMR LLC now owns 63,135,639 shares of the retailer's stock worth $5,098,203,000 after acquiring an additional 7,200,004 shares during the last quarter. Fisher Asset Management LLC increased its holdings in shares of Walmart by 4.6% in 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 acquiring an additional 2,107,197 shares during the period. Franklin Resources Inc. raised its position in Walmart by 3.7% in the 3rd quarter. Franklin Resources Inc. now owns 41,501,782 shares of the retailer's stock valued at $3,392,658,000 after purchasing an additional 1,480,927 shares during the last quarter. Finally, Legal & General Group Plc boosted its stake in Walmart by 1.8% during the 2nd quarter. Legal & General Group Plc now owns 36,282,740 shares of the retailer's stock worth $2,456,704,000 after purchasing an additional 644,353 shares during the period. Institutional investors and hedge funds own 26.76% of the company's stock.

Analysts Set New Price Targets

WMT has been the topic of several recent research reports. Telsey Advisory Group boosted their price target on Walmart from $92.00 to $100.00 and gave the company an "outperform" rating in a research report on Tuesday, November 19th. UBS Group boosted their price objective on shares of Walmart from $92.00 to $100.00 and gave the company a "buy" rating in a research note on Wednesday, November 20th. Royal Bank of Canada reiterated an "outperform" rating and set a $105.00 price target on shares of Walmart in a research note on Wednesday, January 15th. Evercore ISI raised their price objective on shares of Walmart from $94.00 to $96.00 and gave the company an "outperform" rating in a research report on Tuesday, December 3rd. Finally, Roth Mkm boosted their target price on Walmart from $81.00 to $97.00 and gave the stock a "buy" 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 assigned a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $94.69.

Insider Activity

In other Walmart news, Director Robert Edward Jr. Moritz bought 5,446 shares of the business's stock in a transaction 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 transaction, the director now directly owns 7,805 shares in the company, valued at approximately $716,577.05. This trade represents a 230.86 % increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Daniel J. Bartlett sold 1,830 shares of Walmart stock in a transaction on Wednesday, January 15th. The stock was sold at an average price of $91.07, for a total transaction of $166,658.10. Following the completion of the sale, the executive vice president now owns 460,705 shares of the company's stock, valued at approximately $41,956,404.35. This trade represents a 0.40 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 140,177 shares of company stock worth $12,478,149. 45.58% of the stock is currently owned by corporate insiders.

Walmart Trading Up 0.9 %

WMT stock traded up $0.86 during midday trading on Tuesday, reaching $92.80. 10,410,869 shares of the company's stock traded hands, compared to its average volume of 14,300,430. Walmart Inc. has a fifty-two week low of $53.44 and a fifty-two week high of $96.18. The business has a 50-day moving average price of $91.31 and a two-hundred day moving average price of $81.63. The company has a market capitalization of $745.46 billion, a P/E ratio of 38.09, a PEG ratio of 4.36 and a beta of 0.55. 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 - Get Free Report) last announced 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. Walmart had a net margin of 2.92% and a return on equity of 21.78%. The firm had revenue of $169.59 billion during the quarter, compared to analysts' expectations of $167.69 billion. During the same period in the prior year, the company earned $0.51 EPS. The firm's revenue was up 5.5% on a year-over-year basis. Equities research analysts forecast that Walmart Inc. will post 2.47 EPS for the current fiscal 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.