Walmart Inc. (NYSE:WMT) Shares Sold by Monarch Capital Management Inc.

Monarch Capital Management Inc. lessened its holdings in shares of Walmart Inc. (NYSE:WMT - Free Report) by 3.5% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 145,674 shares of the retailer's stock after selling 5,209 shares during the quarter. Walmart makes up about 3.6% of Monarch Capital Management Inc.'s investment portfolio, making the stock its 3rd biggest position. Monarch Capital Management Inc.'s holdings in Walmart were worth $13,187,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in WMT. Jennison Associates LLC increased its position in 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 during the last quarter. FMR LLC grew its stake in shares of Walmart by 12.9% during the 3rd quarter. FMR LLC now owns 63,135,639 shares of the retailer's stock valued at $5,098,203,000 after buying an additional 7,200,004 shares during the period. International Assets Investment Management LLC increased its holdings in shares of Walmart by 8,814.4% during the 3rd quarter. International Assets Investment Management LLC now owns 6,963,218 shares of the retailer's stock worth $562,280,000 after buying an additional 6,885,106 shares during the last quarter. Geode Capital Management LLC raised its position 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 worth $7,048,465,000 after buying an additional 2,786,061 shares during the period. Finally, Fisher Asset Management LLC lifted its stake 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 purchasing an additional 2,107,197 shares in the last quarter. Institutional investors and hedge funds own 26.76% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have recently commented on WMT. Melius Research started coverage on shares of Walmart in a research note on Monday, September 23rd. They issued a "buy" rating and a $95.00 target price on the stock. Truist Financial boosted their price objective on Walmart from $89.00 to $98.00 and gave the company a "buy" rating in a report on Wednesday, November 20th. UBS Group increased their target price on shares of Walmart from $92.00 to $100.00 and gave the stock a "buy" rating in a report on Wednesday, November 20th. Tigress Financial raised their price target on Walmart from $86.00 to $115.00 and gave the stock a "buy" rating in a report on Friday, December 13th. Finally, Stifel Nicolaus boosted their target price on shares of Walmart from $89.00 to $94.00 and gave the company a "hold" rating in a research note on Tuesday, December 10th. Two investment analysts have rated the stock with a hold rating, twenty-nine have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $94.49.

Walmart Trading Up 0.8 %

Shares of Walmart stock traded up $0.72 on Monday, reaching $92.02. 15,705,502 shares of the company were exchanged, compared to its average volume of 14,296,278. Walmart Inc. has a fifty-two week low of $53.44 and a fifty-two week high of $96.18. The firm has a market capitalization of $739.19 billion, a price-to-earnings ratio of 37.76, a price-to-earnings-growth ratio of 4.41 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. The stock has a fifty day moving average price of $91.15 and a 200-day moving average price of $81.46.

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, beating 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 company had revenue of $169.59 billion during the quarter, compared to analyst estimates of $167.69 billion. During the same period in the prior year, the firm earned $0.51 earnings per share. The business's quarterly revenue was up 5.5% on a year-over-year basis. On average, analysts expect that Walmart Inc. will post 2.47 EPS for the current year.

Insider Activity at Walmart

In other Walmart news, EVP John R. Furner sold 13,125 shares of the company's stock in a transaction that occurred on Thursday, October 24th. The shares were sold at an average price of $82.96, for a total value of $1,088,850.00. Following the transaction, the executive vice president now owns 593,040 shares in the company, valued at approximately $49,198,598.40. This represents a 2.17 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO C Douglas Mcmillon sold 29,124 shares of the business's stock in a transaction on Thursday, October 24th. The shares were sold at an average price of $82.79, for a total transaction of $2,411,175.96. Following the transaction, the chief executive officer now owns 3,843,929 shares in the company, valued at approximately $318,238,881.91. This represents a 0.75 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 140,177 shares of company stock worth $12,478,149. 45.58% of the stock is owned by corporate 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.