Walmart Inc. (NYSE:WMT) Shares Sold by Eagle Rock Investment Company LLC

Eagle Rock Investment Company LLC reduced its holdings in shares of Walmart Inc. (NYSE:WMT - Free Report) by 24.3% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 9,895 shares of the retailer's stock after selling 3,174 shares during the quarter. Eagle Rock Investment Company LLC's holdings in Walmart were worth $894,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in the business. Kozak & Associates Inc. lifted its position in Walmart by 22.3% in the fourth quarter. Kozak & Associates Inc. now owns 619 shares of the retailer's stock valued at $56,000 after acquiring an additional 113 shares during the last quarter. Summit Financial Wealth Advisors LLC lifted its holdings in shares of Walmart by 0.5% in the 3rd quarter. Summit Financial Wealth Advisors LLC now owns 23,720 shares of the retailer's stock valued at $1,915,000 after purchasing an additional 118 shares during the last quarter. Lowe Wealth Advisors LLC boosted its position in shares of Walmart by 13.5% in the 4th quarter. Lowe Wealth Advisors LLC now owns 1,018 shares of the retailer's stock valued at $92,000 after purchasing an additional 121 shares during the period. Providence Wealth Advisors LLC grew its stake in Walmart by 0.3% during the 3rd quarter. Providence Wealth Advisors LLC now owns 43,549 shares of the retailer's stock worth $3,591,000 after buying an additional 122 shares during the last quarter. Finally, 3Chopt Investment Partners LLC increased its position in Walmart by 0.4% during the third quarter. 3Chopt Investment Partners LLC now owns 32,633 shares of the retailer's stock worth $2,635,000 after buying an additional 124 shares during the period. Hedge funds and other institutional investors own 26.76% of the company's stock.

Insider Transactions at Walmart

In other news, SVP David Chojnowski sold 5,600 shares of the firm's stock in a transaction on Wednesday, November 27th. The shares were sold at an average price of $91.45, for a total value of $512,120.00. Following the transaction, the senior vice president now owns 87,404 shares of the company's stock, valued at approximately $7,993,095.80. This trade represents a 6.02 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Daniel J. Bartlett sold 1,830 shares of Walmart stock in a transaction on Wednesday, January 15th. The shares were sold at an average price of $91.07, for a total transaction of $166,658.10. Following the transaction, the executive vice president now owns 460,705 shares in the company, valued at $41,956,404.35. The trade was a 0.40 % 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 worth $12,478,149 in the last three months. 45.58% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on WMT shares. Stifel Nicolaus increased their price objective on Walmart from $89.00 to $94.00 and gave the company a "hold" rating in a report on Tuesday, December 10th. Piper Sandler raised their price objective on shares of Walmart from $83.00 to $93.00 and gave the stock an "overweight" rating in a research report on Monday, November 18th. UBS Group upped their target price on shares of Walmart from $92.00 to $100.00 and gave the company a "buy" rating in a report on Wednesday, November 20th. DZ Bank lowered Walmart from a "buy" rating to a "hold" rating and set a $91.00 price target on the stock. in a report on Thursday, November 21st. Finally, Melius Research began coverage on Walmart in a research note on Monday, September 23rd. They set a "buy" rating and a $95.00 price objective for the company. Two investment analysts have rated the stock with a hold rating, twenty-nine have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $94.49.

Walmart Trading Up 0.8 %

Shares of WMT traded up $0.72 during mid-day trading on Friday, hitting $92.02. The company had a trading volume of 15,705,502 shares, compared to its average volume of 14,296,278. Walmart Inc. has a 1-year low of $53.44 and a 1-year high of $96.18. The business's 50-day simple moving average is $91.01 and its 200-day simple moving average is $81.10. The stock has a market cap of $739.19 billion, a PE ratio of 37.76, a P/E/G ratio of 4.41 and a beta of 0.55. 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 (NYSE:WMT - Get Free Report) last released 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 business 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 firm posted $0.51 EPS. The business's revenue for the quarter was up 5.5% on a year-over-year basis. Sell-side analysts forecast that Walmart Inc. will post 2.47 earnings per share for the current year.

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.