Mattern Wealth Management LLC Has $4.40 Million Stock Holdings in Walmart Inc. (NYSE:WMT)

Mattern Wealth Management LLC lowered its position in Walmart Inc. (NYSE:WMT - Free Report) by 10.8% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 48,713 shares of the retailer's stock after selling 5,910 shares during the period. Walmart accounts for 1.0% of Mattern Wealth Management LLC's portfolio, making the stock its 23rd largest holding. Mattern Wealth Management LLC's holdings in Walmart were worth $4,401,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Birmingham Capital Management Co. Inc. AL increased its position in Walmart by 3.8% during the second quarter. Birmingham Capital Management Co. Inc. AL now owns 25,537 shares of the retailer's stock worth $1,729,000 after acquiring an additional 940 shares during the period. RiverFront Investment Group LLC increased its holdings in shares of Walmart by 5.4% during the 2nd quarter. RiverFront Investment Group LLC now owns 516,256 shares of the retailer's stock worth $34,956,000 after purchasing an additional 26,258 shares during the period. SRN Advisors LLC raised its position in shares of Walmart by 2.8% during the second quarter. SRN Advisors LLC now owns 19,150 shares of the retailer's stock valued at $1,297,000 after buying an additional 522 shares during the last quarter. Strategic Investment Solutions Inc. IL bought a new stake in shares of Walmart in the second quarter valued at about $829,000. Finally, Brown Financial Advisors acquired a new stake in shares of Walmart during the 2nd quarter worth approximately $1,708,000. Institutional investors own 26.76% of the company's stock.

Walmart Stock Performance

WMT stock traded up $1.11 during trading hours on Thursday, reaching $98.61. The stock had a trading volume of 10,993,827 shares, compared to its average volume of 15,021,106. The stock has a 50-day simple moving average of $92.71 and a 200 day simple moving average of $82.79. Walmart Inc. has a fifty-two week low of $55.04 and a fifty-two week high of $98.93. The stock has a market capitalization of $792.15 billion, a PE ratio of 40.47, a price-to-earnings-growth ratio of 4.42 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 issued its earnings results on Tuesday, November 19th. The retailer reported $0.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.53 by $0.05. Walmart had a net margin of 2.92% and a return on equity of 21.78%. The business had revenue of $169.59 billion during the quarter, compared to the consensus estimate of $167.69 billion. During the same period last year, the business posted $0.51 EPS. Walmart's revenue was up 5.5% on a year-over-year basis. Analysts predict that Walmart Inc. will post 2.48 EPS for the current fiscal year.

Analyst Ratings Changes

WMT has been the subject of several analyst reports. Telsey Advisory Group raised their target price on Walmart from $92.00 to $100.00 and gave the stock an "outperform" rating in a research report on Tuesday, November 19th. TD Cowen increased their price objective on shares of Walmart from $90.00 to $100.00 and gave the stock a "buy" rating in a report 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 report on Wednesday, November 20th. Royal Bank of Canada reiterated an "outperform" rating and set a $105.00 target price on shares of Walmart in a research report on Wednesday, January 15th. Finally, 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 report on Tuesday, December 17th. 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's stock. According to data from MarketBeat, Walmart currently has a consensus rating of "Moderate Buy" and a consensus price target of $94.69.

Insider Transactions at Walmart

In related news, CEO C Douglas Mcmillon sold 29,124 shares of the business's stock in a transaction dated Thursday, January 23rd. The stock was sold at an average price of $92.62, for a total value of $2,697,464.88. Following the completion of the transaction, the chief executive officer now owns 3,766,491 shares of the company's stock, valued at $348,852,396.42. The trade was a 0.77 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Robert Edward Jr. Moritz acquired 5,446 shares of Walmart stock in a transaction that occurred on Wednesday, November 27th. The stock was acquired at an average cost of $91.81 per share, for a total transaction of $499,997.26. Following the completion of the purchase, the director now directly owns 7,805 shares of the company's stock, valued at $716,577.05. This represents a 230.86 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last 90 days, insiders sold 140,177 shares of company stock worth $12,895,688. 45.58% of the stock is owned by insiders.

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.