Deane Retirement Strategies Inc. Sells 28,776 Shares of Walmart Inc. (NYSE:WMT)

Deane Retirement Strategies Inc. decreased its position in Walmart Inc. (NYSE:WMT - Free Report) by 52.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 26,200 shares of the retailer's stock after selling 28,776 shares during the quarter. Deane Retirement Strategies Inc.'s holdings in Walmart were worth $2,367,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of WMT. Jennison Associates LLC boosted its stake in shares of Walmart by 479.6% during the 3rd quarter. Jennison Associates LLC now owns 18,479,259 shares of the retailer's stock worth $1,492,200,000 after acquiring an additional 15,290,936 shares in the last quarter. FMR LLC lifted its holdings in shares of Walmart by 12.9% during the third quarter. FMR LLC now owns 63,135,639 shares of the retailer's stock valued at $5,098,203,000 after purchasing an additional 7,200,004 shares during the last quarter. International Assets Investment Management LLC boosted its position in shares of Walmart by 8,814.4% in the 3rd quarter. International Assets Investment Management LLC now owns 6,963,218 shares of the retailer's stock valued at $562,280,000 after purchasing an additional 6,885,106 shares during the period. Geode Capital Management LLC increased its stake in Walmart by 3.3% in the 3rd quarter. Geode Capital Management LLC now owns 87,617,409 shares of the retailer's stock worth $7,048,465,000 after purchasing an additional 2,786,061 shares in the last quarter. Finally, Fisher Asset Management LLC raised its holdings in Walmart by 4.6% during the 3rd quarter. Fisher Asset Management LLC now owns 47,659,844 shares of the retailer's stock worth $3,848,533,000 after buying an additional 2,107,197 shares during the period. Institutional investors own 26.76% of the company's stock.

Insider Transactions at Walmart

In related news, CEO C Douglas Mcmillon sold 29,124 shares of the business's stock in a transaction on Wednesday, November 27th. The shares were sold at an average price of $91.44, for a total transaction of $2,663,098.56. Following the transaction, the chief executive officer now owns 3,814,805 shares of the company's stock, valued at approximately $348,825,769.20. The trade was a 0.76 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP John R. Furner sold 13,125 shares of the stock in a transaction on 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 completion of the sale, the executive vice president now directly owns 568,626 shares of the company's stock, valued at approximately $52,859,472.96. This trade represents a 2.26 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 137,177 shares of company stock worth $12,649,328 over the last three months. 45.58% of the stock is currently owned by insiders.

Walmart Stock Performance

WMT traded down $0.68 during trading on Friday, hitting $97.97. The stock had a trading volume of 16,379,679 shares, compared to its average volume of 15,055,752. The firm has a market cap of $787.00 billion, a PE ratio of 40.20, a P/E/G ratio of 4.46 and a beta of 0.55. 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 company has a 50 day simple moving average of $92.91 and a 200-day simple moving average of $82.90.

Walmart (NYSE:WMT - Get Free Report) last posted its quarterly earnings data on Tuesday, November 19th. The retailer reported $0.58 EPS for the quarter, topping analysts' consensus estimates of $0.53 by $0.05. Walmart had a return on equity of 21.78% and a net margin of 2.92%. The business had revenue of $169.59 billion for the quarter, compared to analyst estimates of $167.69 billion. During the same period in the previous year, the company posted $0.51 earnings per share. The firm's revenue for the quarter was up 5.5% on a year-over-year basis. Analysts expect that Walmart Inc. will post 2.48 EPS for the current year.

Analyst Upgrades and Downgrades

WMT has been the subject of several recent analyst reports. Piper Sandler raised their target price on shares of Walmart from $83.00 to $93.00 and gave the stock an "overweight" rating in a report on Monday, November 18th. KeyCorp lifted their price objective on shares of Walmart from $96.00 to $100.00 and gave the stock an "overweight" rating in a research report on Wednesday, December 11th. Wells Fargo & Company boosted their target price on shares of Walmart from $96.00 to $100.00 and gave the company an "overweight" rating in a research note on Friday, January 10th. UBS Group raised their target price on Walmart from $100.00 to $113.00 and gave the stock a "buy" rating in a research report on Friday. Finally, Truist Financial upped their price target on Walmart from $89.00 to $98.00 and gave the company a "buy" rating in a research report on Wednesday, November 20th. Two research analysts have rated the stock with a hold rating, twenty-nine have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Walmart presently has a consensus rating of "Moderate Buy" and a consensus target price of $95.11.

Walmart Company 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.