Riverbridge Partners LLC Sells 3,103 Shares of Walmart Inc. (NYSE:WMT)

Riverbridge Partners LLC cut its position in shares of Walmart Inc. (NYSE:WMT - Free Report) by 8.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 33,545 shares of the retailer's stock after selling 3,103 shares during the period. Riverbridge Partners LLC's holdings in Walmart were worth $3,031,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of the company. True North Advisors LLC lifted its holdings in Walmart by 11.4% during the 4th quarter. True North Advisors LLC now owns 11,929 shares of the retailer's stock valued at $1,078,000 after purchasing an additional 1,225 shares during the last quarter. Traynor Capital Management Inc. lifted its stake in shares of Walmart by 6.0% during the 4th quarter. Traynor Capital Management Inc. now owns 24,449 shares of the retailer's stock worth $2,209,000 after buying an additional 1,385 shares during the last quarter. Independent Wealth Network Inc. boosted its holdings in shares of Walmart by 4.2% during the 4th quarter. Independent Wealth Network Inc. now owns 5,568 shares of the retailer's stock worth $503,000 after buying an additional 222 shares during the period. Janney Montgomery Scott LLC grew its stake in Walmart by 0.6% in the 4th quarter. Janney Montgomery Scott LLC now owns 2,388,709 shares of the retailer's stock valued at $215,820,000 after buying an additional 14,501 shares during the last quarter. Finally, Eagle Capital Management LLC raised its holdings in Walmart by 9.1% in the 4th quarter. Eagle Capital Management LLC now owns 3,861 shares of the retailer's stock valued at $349,000 after acquiring an additional 321 shares during the period. 26.76% of the stock is currently owned by institutional investors and hedge funds.

Walmart Price Performance

WMT traded up $1.03 on Friday, reaching $94.84. The stock had a trading volume of 14,969,066 shares, compared to its average volume of 12,195,606. 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 company has a market capitalization of $761.90 billion, a price-to-earnings ratio of 38.92, a price-to-earnings-growth ratio of 4.42 and a beta of 0.55. Walmart Inc. has a fifty-two week low of $53.47 and a fifty-two week high of $96.18. The firm has a 50-day moving average of $92.02 and a 200-day moving average of $82.13.

Walmart (NYSE:WMT - Get Free Report) last released its quarterly earnings data 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 return on equity of 21.78% and a net margin of 2.92%. The company had revenue of $169.59 billion during the quarter, compared to the consensus estimate of $167.69 billion. During the same quarter in the prior year, the firm posted $0.51 earnings per share. The firm's revenue was up 5.5% compared to the same quarter last year. As a group, sell-side analysts anticipate that Walmart Inc. will post 2.48 EPS for the current year.

Insider Buying and Selling

In related news, EVP Daniel J. Bartlett sold 1,830 shares of Walmart 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 transaction, the executive vice president now directly owns 460,705 shares of the company's stock, valued at $41,956,404.35. The trade was a 0.40 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP John D. Rainey sold 3,000 shares of the stock in a transaction that occurred on Friday, November 1st. The shares were sold at an average price of $82.12, for a total transaction of $246,360.00. Following the sale, the executive vice president now directly owns 378,165 shares of the company's stock, valued at $31,054,909.80. This represents a 0.79 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 140,177 shares of company stock valued at $12,895,688 over the last 90 days. 45.58% of the stock is owned by insiders.

Wall Street Analyst Weigh In

WMT has been the subject of a number of research analyst reports. Wells Fargo & Company boosted their price objective on Walmart from $96.00 to $100.00 and gave the stock an "overweight" rating in a report on Friday, January 10th. TD Cowen upped their price objective on Walmart from $90.00 to $100.00 and gave the company a "buy" rating in a report on Wednesday, November 20th. Bank of America lifted their target price on Walmart from $95.00 to $105.00 and gave the stock a "buy" rating in a report on Wednesday, November 20th. Piper Sandler upped their price target on shares of Walmart from $83.00 to $93.00 and gave the company an "overweight" rating in a research note on Monday, November 18th. Finally, Evercore ISI lifted their price objective on shares of Walmart from $94.00 to $96.00 and gave the stock an "outperform" rating in a research note on Tuesday, December 3rd. Two research 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. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $94.69.

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.