Asset Dedication LLC Lowers Stock Position in Walmart Inc. (NYSE:WMT)

Asset Dedication LLC reduced its holdings in shares of Walmart Inc. (NYSE:WMT - Free Report) by 19.0% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 86,664 shares of the retailer's stock after selling 20,314 shares during the quarter. Walmart accounts for about 0.6% of Asset Dedication LLC's holdings, making the stock its 26th biggest holding. Asset Dedication LLC's holdings in Walmart were worth $7,830,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the stock. Peterson Financial Group Inc. acquired a new position in shares of Walmart in the third quarter valued at approximately $26,000. Voisard Asset Management Group Inc. grew its stake in shares of Walmart by 77.3% in the third quarter. Voisard Asset Management Group Inc. now owns 399 shares of the retailer's stock worth $32,000 after purchasing an additional 174 shares during the last quarter. Decker Retirement Planning Inc. acquired a new stake in Walmart in the fourth quarter valued at $32,000. Hoese & Co LLP bought a new position in Walmart during the 3rd quarter worth $33,000. Finally, Livelsberger Financial Advisory acquired a new position in Walmart during the 3rd quarter worth about $36,000. Institutional investors own 26.76% of the company's stock.

Insider Buying and Selling at Walmart

In related news, EVP John R. Furner sold 13,125 shares of the business's stock in a transaction dated Thursday, January 23rd. The shares were sold at an average price of $92.96, for a total transaction of $1,220,100.00. Following the sale, the executive vice president now owns 568,626 shares of the company's stock, valued at $52,859,472.96. The trade was a 2.26 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at 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 shares were bought at an average cost of $91.81 per share, with a total value of $499,997.26. Following the transaction, the director now owns 7,805 shares in the company, 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. Insiders have sold 137,177 shares of company stock worth $12,649,328 over the last ninety days. Insiders own 45.58% of the company's stock.

Walmart Price Performance

NYSE:WMT traded down $0.68 during mid-day trading on Friday, hitting $97.97. 16,379,679 shares of the stock traded hands, compared to its average volume of 13,721,410. Walmart Inc. has a 12-month low of $55.04 and a 12-month high of $99.00. 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 $787.00 billion, a PE ratio of 40.20, a price-to-earnings-growth ratio of 4.46 and a beta of 0.55. The business's 50-day moving average price is $93.07 and its 200 day moving average price is $83.10.

Walmart (NYSE:WMT - Get Free Report) last released its quarterly earnings results 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 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 analysts' expectations of $167.69 billion. During the same quarter in the previous year, the company earned $0.51 EPS. The business's quarterly revenue was up 5.5% compared to the same quarter last year. On average, analysts expect that Walmart Inc. will post 2.48 EPS for the current fiscal year.

Analysts Set New Price Targets

WMT has been the topic of a number of recent analyst reports. Tigress Financial lifted their price objective on Walmart from $86.00 to $115.00 and gave the stock a "buy" rating in a research note on Friday, December 13th. Morgan Stanley upped their target price on Walmart from $100.00 to $106.00 and gave the company an "overweight" rating in a research report on Tuesday, January 21st. Piper Sandler boosted their price target on Walmart from $83.00 to $93.00 and gave the company an "overweight" rating in a research note on Monday, November 18th. UBS Group lifted their price objective on shares of Walmart from $100.00 to $113.00 and gave the company a "buy" rating in a research note on Friday. Finally, KeyCorp upped their price objective on shares of Walmart from $96.00 to $100.00 and gave the company an "overweight" rating in a report on Wednesday, December 11th. Two investment analysts have rated the stock with a hold rating, twenty-nine have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Walmart currently has an average rating of "Moderate Buy" and an average target price of $95.11.

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.