Kingswood Wealth Advisors LLC Sells 26,768 Shares of Walmart Inc. (NYSE:WMT)

Kingswood Wealth Advisors LLC cut its holdings in Walmart Inc. (NYSE:WMT - Free Report) by 32.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 55,543 shares of the retailer's stock after selling 26,768 shares during the quarter. Kingswood Wealth Advisors LLC's holdings in Walmart were worth $5,018,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in the business. Jennison Associates LLC lifted its position in shares of Walmart by 479.6% during the third quarter. Jennison Associates LLC now owns 18,479,259 shares of the retailer's stock worth $1,492,200,000 after purchasing an additional 15,290,936 shares in the last quarter. FMR LLC lifted its holdings in Walmart by 12.9% during the 3rd quarter. FMR LLC now owns 63,135,639 shares of the retailer's stock worth $5,098,203,000 after buying an additional 7,200,004 shares in the last quarter. International Assets Investment Management LLC boosted its position in 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 buying an additional 6,885,106 shares during the last quarter. Geode Capital Management LLC increased its stake in shares of Walmart by 3.3% in the 3rd quarter. Geode Capital Management LLC now owns 87,617,409 shares of the retailer's stock valued at $7,048,465,000 after buying an additional 2,786,061 shares during the period. Finally, Fisher Asset Management LLC raised its position in shares of Walmart by 4.6% during the third quarter. Fisher Asset Management LLC now owns 47,659,844 shares of the retailer's stock worth $3,848,533,000 after acquiring an additional 2,107,197 shares during the last quarter. 26.76% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Walmart news, EVP Daniel J. Bartlett sold 1,830 shares of the company's stock in a transaction that occurred on Wednesday, January 15th. The stock was sold at an average price of $91.07, for a total value of $166,658.10. Following the sale, the executive vice president now owns 460,705 shares in the company, valued at $41,956,404.35. This represents a 0.40 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, SVP David Chojnowski sold 5,600 shares of Walmart stock in a transaction that occurred on Wednesday, November 27th. The stock was sold at an average price of $91.45, for a total value of $512,120.00. Following the transaction, the senior vice president now owns 87,404 shares of the company's stock, valued at $7,993,095.80. This represents a 6.02 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 137,177 shares of company stock worth $12,649,328. Insiders own 45.58% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts recently commented on WMT shares. Piper Sandler lifted their price objective on Walmart from $83.00 to $93.00 and gave the stock an "overweight" rating in a research report on Monday, November 18th. Roth Mkm boosted their price target on shares of Walmart from $81.00 to $97.00 and gave the stock a "buy" rating in a research note on Wednesday, November 20th. Sanford C. Bernstein raised their price objective on shares of Walmart from $98.00 to $102.00 and gave the company an "outperform" rating in a research note on Wednesday, November 20th. DZ Bank lowered shares of Walmart from a "buy" rating to a "hold" rating and set a $91.00 target price for the company. in a report on Thursday, November 21st. Finally, Evercore ISI raised their price target on Walmart from $94.00 to $96.00 and gave the stock an "outperform" rating in a research report on Tuesday, December 3rd. Two equities research analysts have rated the stock with a hold rating, twenty-nine have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $95.11.

Walmart Stock Down 0.7 %

Walmart stock traded down $0.68 during mid-day trading on Friday, reaching $97.97. The company's stock had a trading volume of 16,379,679 shares, compared to its average volume of 13,721,410. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.23 and a current ratio of 0.85. Walmart Inc. has a 12 month low of $55.04 and a 12 month high of $99.00. The business's 50 day simple moving average is $93.07 and its 200 day simple moving average is $83.10. The company has a market capitalization of $787.00 billion, a price-to-earnings ratio of 40.20, a price-to-earnings-growth ratio of 4.46 and a beta of 0.55.

Walmart (NYSE:WMT - Get Free Report) last announced its quarterly earnings data on Tuesday, November 19th. The retailer reported $0.58 earnings per share for the quarter, beating the consensus estimate of $0.53 by $0.05. The company 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%. Walmart's revenue for the quarter was up 5.5% compared to the same quarter last year. During the same quarter last year, the company earned $0.51 EPS. As a group, research analysts anticipate that Walmart Inc. will post 2.48 earnings per share for the current year.

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.