Walmart Inc. (NYSE:WMT) Shares Sold by Sugarloaf Wealth Management LLC

Sugarloaf Wealth Management LLC reduced its position in shares of Walmart Inc. (NYSE:WMT - Free Report) by 18.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 57,348 shares of the retailer's stock after selling 13,008 shares during the period. Walmart accounts for about 0.9% of Sugarloaf Wealth Management LLC's portfolio, making the stock its 18th largest holding. Sugarloaf Wealth Management LLC's holdings in Walmart were worth $5,181,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Heartwood Wealth Advisors LLC boosted its position in Walmart by 4.3% during the fourth quarter. Heartwood Wealth Advisors LLC now owns 8,808 shares of the retailer's stock worth $796,000 after acquiring an additional 360 shares during the last quarter. Highline Wealth Partners LLC boosted its holdings in shares of Walmart by 45.3% during the 4th quarter. Highline Wealth Partners LLC now owns 872 shares of the retailer's stock worth $79,000 after purchasing an additional 272 shares during the last quarter. ST Germain D J Co. Inc. grew its position in shares of Walmart by 1.3% in the fourth quarter. ST Germain D J Co. Inc. now owns 183,276 shares of the retailer's stock valued at $16,559,000 after purchasing an additional 2,394 shares in the last quarter. Wealth Enhancement Advisory Services LLC grew its position in shares of Walmart by 25.6% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 2,910,626 shares of the retailer's stock valued at $262,975,000 after purchasing an additional 593,874 shares in the last quarter. Finally, Avondale Wealth Management increased its holdings in shares of Walmart by 4.2% in the fourth quarter. Avondale Wealth Management now owns 11,150 shares of the retailer's stock valued at $1,007,000 after purchasing an additional 450 shares during the last quarter. Institutional investors and hedge funds own 26.76% of the company's stock.

Walmart Stock Up 1.3 %

NYSE WMT traded up $1.23 on Friday, hitting $93.03. 18,134,872 shares of the stock were exchanged, compared to its average volume of 13,832,559. Walmart Inc. has a fifty-two week low of $53.39 and a fifty-two week high of $96.18. The company has a 50-day moving average price of $90.38 and a 200-day moving average price of $80.45. The company has a market cap of $747.35 billion, a PE ratio of 38.18, a PEG ratio of 4.47 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 posted its quarterly earnings results on Tuesday, November 19th. The retailer reported $0.58 earnings per share 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 analysts' expectations of $167.69 billion. Walmart had a return on equity of 21.78% and a net margin of 2.92%. Walmart's quarterly revenue was up 5.5% on a year-over-year basis. During the same period last year, the firm earned $0.51 earnings per share. Sell-side analysts anticipate that Walmart Inc. will post 2.47 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts have issued reports on WMT shares. Royal Bank of Canada upped their target price on Walmart from $88.00 to $92.00 and gave the company an "overweight" rating in a report on Monday, November 18th. Oppenheimer boosted their price target on shares of Walmart from $81.00 to $90.00 and gave the company an "outperform" rating in a research report on Monday, October 14th. Stifel Nicolaus raised their price objective on shares of Walmart from $89.00 to $94.00 and gave the stock a "hold" rating in a research report on Tuesday, December 10th. UBS Group boosted 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. Finally, Roth Mkm raised their price target on shares of Walmart from $81.00 to $97.00 and gave the stock a "buy" rating in a report on Wednesday, November 20th. Two research 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 stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $94.08.

Insider Buying and Selling at Walmart

In other news, EVP Daniel J. Bartlett sold 2,065 shares of the firm's stock in a transaction that occurred on Tuesday, October 15th. The shares were sold at an average price of $80.69, for a total transaction of $166,624.85. Following the transaction, the executive vice president now directly owns 457,493 shares in the company, valued at approximately $36,915,110.17. This trade represents a 0.45 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP John D. Rainey sold 3,000 shares of the stock in a transaction on Friday, November 1st. The stock was sold at an average price of $82.12, for a total transaction of $246,360.00. Following the sale, the executive vice president now owns 378,165 shares of the company's stock, valued at approximately $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 140,412 shares of company stock worth $12,478,116 over the last three months. Insiders own 45.58% of the company's stock.

Walmart Company 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.