Capital Investment Counsel LLC Has $9.01 Million Position in Walmart Inc. (NYSE:WMT)

Capital Investment Counsel LLC lessened its position in shares of Walmart Inc. (NYSE:WMT - Free Report) by 2.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 99,692 shares of the retailer's stock after selling 2,958 shares during the quarter. Walmart accounts for 1.5% of Capital Investment Counsel LLC's portfolio, making the stock its 21st biggest holding. Capital Investment Counsel LLC's holdings in Walmart were worth $9,007,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the business. Jennison Associates LLC boosted its stake in shares of Walmart by 479.6% in the third quarter. Jennison Associates LLC now owns 18,479,259 shares of the retailer's stock worth $1,492,200,000 after acquiring an additional 15,290,936 shares during the period. FMR LLC boosted its stake in Walmart by 12.9% in the 3rd quarter. FMR LLC now owns 63,135,639 shares of the retailer's stock worth $5,098,203,000 after purchasing an additional 7,200,004 shares during the period. International Assets Investment Management LLC grew its holdings in 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 valued at $562,280,000 after buying an additional 6,885,106 shares in the last quarter. Geode Capital Management LLC boosted its position in shares of Walmart by 3.3% during the third quarter. Geode Capital Management LLC now owns 87,617,409 shares of the retailer's stock worth $7,048,465,000 after acquiring an additional 2,786,061 shares during the last quarter. Finally, Fisher Asset Management LLC grew its stake in Walmart by 4.6% during the third quarter. Fisher Asset Management LLC now owns 47,659,844 shares of the retailer's stock valued at $3,848,533,000 after acquiring an additional 2,107,197 shares in the last quarter. Institutional investors own 26.76% of the company's stock.

Insider Activity

In related news, Director Robert Edward Jr. Moritz purchased 5,446 shares of the firm's stock in a transaction on Wednesday, November 27th. The shares were bought at an average price of $91.81 per share, for a total transaction of $499,997.26. Following the acquisition, the director now directly owns 7,805 shares in the company, valued at $716,577.05. This trade represents a 230.86 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is available at this link. Also, EVP John R. Furner sold 13,125 shares of the firm's stock in a transaction that occurred on Wednesday, November 27th. The shares were sold at an average price of $92.00, for a total transaction of $1,207,500.00. Following the completion of the transaction, the executive vice president now owns 579,915 shares in the company, valued at $53,352,180. The trade was a 2.21 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 137,177 shares of company stock worth $12,649,328. Company insiders own 45.58% of the company's stock.

Walmart Trading Up 1.1 %

NYSE WMT opened at $98.61 on Friday. The company has a quick ratio of 0.23, a current ratio of 0.85 and a debt-to-equity ratio of 0.42. Walmart Inc. has a 52 week low of $55.04 and a 52 week high of $98.93. The firm has a 50 day moving average of $92.71 and a two-hundred day moving average of $82.79. The stock has a market capitalization of $792.15 billion, a PE ratio of 40.47, a price-to-earnings-growth ratio of 4.46 and a beta of 0.55.

Walmart (NYSE:WMT - Get Free Report) last announced its earnings results on Tuesday, November 19th. The retailer reported $0.58 EPS for the quarter, beating analysts' consensus estimates of $0.53 by $0.05. The business had revenue of $169.59 billion during the quarter, compared to analysts' expectations of $167.69 billion. Walmart had a net margin of 2.92% and a return on equity of 21.78%. The business's revenue was up 5.5% compared to the same quarter last year. During the same period in the prior year, the company earned $0.51 earnings per share. As a group, research analysts expect that Walmart Inc. will post 2.48 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts have issued reports on the company. Telsey Advisory Group lifted their price objective on Walmart from $92.00 to $100.00 and gave the stock an "outperform" rating in a research note on Tuesday, November 19th. Guggenheim boosted their target price on shares of Walmart from $90.00 to $100.00 and gave the stock a "buy" rating in a report on Wednesday, November 20th. TD Cowen increased their price target on shares of Walmart from $90.00 to $100.00 and gave the company a "buy" rating in a report on Wednesday, November 20th. Truist Financial boosted their price objective on Walmart from $89.00 to $98.00 and gave the stock a "buy" rating in a research note on Wednesday, November 20th. Finally, Piper Sandler lifted their target price on Walmart from $83.00 to $93.00 and gave the stock an "overweight" rating in a report on Monday, November 18th. Two investment analysts have rated the stock with a hold rating, twenty-nine have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $94.69.

About Walmart

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.