Mutual Advisors LLC Sells 26,082 Shares of Walmart Inc. (NYSE:WMT)

Mutual Advisors LLC lessened its holdings in Walmart Inc. (NYSE:WMT - Free Report) by 18.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 114,760 shares of the retailer's stock after selling 26,082 shares during the quarter. Mutual Advisors LLC's holdings in Walmart were worth $10,478,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Geode Capital Management LLC boosted its holdings in Walmart by 3.3% in the third quarter. Geode Capital Management LLC now owns 87,617,409 shares of the retailer's stock valued at $7,048,465,000 after purchasing an additional 2,786,061 shares during the last quarter. FMR LLC increased its position in shares of Walmart by 12.9% in the third 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 in the last quarter. Fisher Asset Management LLC lifted its position in shares of Walmart by 4.6% during 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 buying an additional 2,107,197 shares in the last quarter. Franklin Resources Inc. grew its stake 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 acquiring an additional 1,480,927 shares during the period. Finally, Legal & General Group Plc increased its holdings in Walmart by 1.8% in the 2nd quarter. Legal & General Group Plc now owns 36,282,740 shares of the retailer's stock worth $2,456,704,000 after acquiring an additional 644,353 shares in the last quarter. Hedge funds and other institutional investors own 26.76% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the stock. Roth Mkm upped their target price on shares of Walmart from $81.00 to $97.00 and gave the stock a "buy" rating in a report on Wednesday, November 20th. Truist Financial raised their target price on shares of Walmart from $89.00 to $98.00 and gave the stock a "buy" rating in a research note on Wednesday, November 20th. Stifel Nicolaus upped their price target on Walmart from $89.00 to $94.00 and gave the company a "hold" rating in a research report on Tuesday, December 10th. Robert W. Baird boosted their price objective on Walmart from $90.00 to $100.00 and gave the stock an "outperform" rating in a research note on Wednesday, November 20th. Finally, Wells Fargo & Company raised their price target on shares of Walmart from $96.00 to $100.00 and gave the stock an "overweight" rating in a report on Friday, January 10th. Two equities research analysts have rated the stock with a hold rating, twenty-nine have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Walmart presently has an average rating of "Moderate Buy" and an average price target of $94.69.

Walmart Stock Performance

Shares of WMT traded up $1.03 during mid-day trading on Friday, hitting $94.84. The stock had a trading volume of 14,969,066 shares, compared to its average volume of 12,195,606. Walmart Inc. has a fifty-two week low of $53.47 and a fifty-two week high of $96.18. The company has a quick ratio of 0.23, a current ratio of 0.85 and a debt-to-equity ratio of 0.42. The company has a market cap of $761.90 billion, a PE ratio of 38.92, a PEG ratio of 4.42 and a beta of 0.55. The company's fifty day simple moving average is $92.02 and its two-hundred day simple moving average is $82.13.

Walmart (NYSE:WMT - Get Free Report) last issued 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 firm had revenue of $169.59 billion during the quarter, compared to the consensus estimate of $167.69 billion. During the same period in the prior year, the business earned $0.51 EPS. The firm's revenue was up 5.5% on a year-over-year basis. On average, equities analysts expect that Walmart Inc. will post 2.48 earnings per share for the current year.

Insider Buying and Selling

In related news, CEO C Douglas Mcmillon sold 29,124 shares of the firm's stock in a transaction that occurred on Thursday, January 23rd. The shares were sold at an average price of $92.62, for a total transaction of $2,697,464.88. Following the completion of the sale, the chief executive officer now directly owns 3,766,491 shares in the company, valued at approximately $348,852,396.42. This trade represents a 0.77 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP John R. Furner sold 13,125 shares of the company's stock in a transaction on Thursday, January 23rd. The stock was sold at an average price of $92.96, for a total transaction of $1,220,100.00. Following the completion of the transaction, the executive vice president now directly owns 568,626 shares in the company, valued at $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 have sold 140,177 shares of company stock worth $12,895,688 in the last ninety days. 45.58% of the stock is currently owned by corporate insiders.

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.