Walmart Inc. (NYSE:WMT) Position Reduced by Edge Wealth Management LLC

Edge Wealth Management LLC lessened its stake in shares of Walmart Inc. (NYSE:WMT - Free Report) by 1.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 217,771 shares of the retailer's stock after selling 2,844 shares during the quarter. Walmart comprises about 4.0% of Edge Wealth Management LLC's holdings, making the stock its 8th biggest holding. Edge Wealth Management LLC's holdings in Walmart were worth $19,676,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also modified their holdings of the company. Brophy Wealth Management LLC purchased a new stake in Walmart in the 3rd quarter valued at $2,072,000. Bank of New Hampshire raised its position in Walmart by 13.7% in the 4th quarter. Bank of New Hampshire now owns 47,949 shares of the retailer's stock valued at $4,332,000 after purchasing an additional 5,786 shares during the last quarter. Iowa State Bank raised its position in Walmart by 213.8% in the 4th quarter. Iowa State Bank now owns 26,807 shares of the retailer's stock valued at $2,422,000 after purchasing an additional 18,263 shares during the last quarter. Fisher Asset Management LLC raised its position in Walmart by 4.6% in 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 purchasing an additional 2,107,197 shares during the last quarter. Finally, Virtu Financial LLC purchased a new stake in Walmart in the 3rd quarter valued at $541,000. Hedge funds and other institutional investors own 26.76% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts recently commented on WMT shares. Melius Research started coverage on shares of Walmart in a research report on Monday, September 23rd. They issued a "buy" rating and a $95.00 price target for the company. UBS Group upped their price objective on shares of Walmart from $92.00 to $100.00 and gave the stock a "buy" rating in a research report on Wednesday, November 20th. Redburn Atlantic upgraded shares of Walmart to a "strong-buy" rating in a research report on Monday, September 23rd. Wells Fargo & Company upped their price objective on shares of Walmart from $96.00 to $100.00 and gave the stock an "overweight" rating in a research report on Friday, January 10th. Finally, KeyCorp upped their price objective on shares of Walmart from $96.00 to $100.00 and gave the stock an "overweight" rating in a research report on Wednesday, December 11th. 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 stock. Based on data from MarketBeat.com, Walmart presently has a consensus rating of "Moderate Buy" and a consensus price target of $94.49.

Insider Transactions at Walmart

In other news, CEO C Douglas Mcmillon sold 29,124 shares of the stock in a transaction dated Thursday, October 24th. The shares were sold at an average price of $82.79, for a total transaction of $2,411,175.96. Following the transaction, the chief executive officer now directly owns 3,843,929 shares in the company, valued at $318,238,881.91. This represents a 0.75 % 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 the stock in a transaction dated Wednesday, January 15th. The stock was 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 approximately $41,956,404.35. The trade was a 0.40 % decrease in their ownership of the stock. 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. Company insiders own 45.58% of the company's stock.

Walmart Trading Up 0.8 %

NYSE:WMT traded up $0.72 on Friday, reaching $92.02. The stock had a trading volume of 15,705,502 shares, compared to its average volume of 14,296,278. The company has a market cap of $739.19 billion, a price-to-earnings ratio of 37.76, a P/E/G ratio of 4.41 and a beta of 0.55. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.85 and a quick ratio of 0.23. The firm's fifty day moving average is $91.01 and its two-hundred day moving average is $81.10. Walmart Inc. has a 12-month low of $53.44 and a 12-month high of $96.18.

Walmart (NYSE:WMT - Get Free Report) last released its earnings results on Tuesday, November 19th. The retailer reported $0.58 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.53 by $0.05. The company had revenue of $169.59 billion for the quarter, compared to analyst estimates of $167.69 billion. Walmart had a net margin of 2.92% and a return on equity of 21.78%. The firm's quarterly revenue was up 5.5% on a year-over-year basis. During the same period in the prior year, the firm earned $0.51 EPS. Equities analysts expect that Walmart Inc. will post 2.47 EPS for the current fiscal year.

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.