YHB Investment Advisors Inc. Sells 3,600 Shares of Walmart Inc. (NYSE:WMT)

YHB Investment Advisors Inc. lessened its position in Walmart Inc. (NYSE:WMT - Free Report) by 4.2% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 82,149 shares of the retailer's stock after selling 3,600 shares during the period. YHB Investment Advisors Inc.'s holdings in Walmart were worth $7,422,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Geode Capital Management LLC raised its holdings 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 valued at $7,048,465,000 after acquiring an additional 2,786,061 shares during the period. FMR LLC grew its position in Walmart by 12.9% during 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 in the last quarter. Fisher Asset Management LLC raised its stake in Walmart by 4.6% during 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 period. Franklin Resources Inc. lifted its holdings in shares of Walmart by 3.7% in the third quarter. Franklin Resources Inc. now owns 41,501,782 shares of the retailer's stock valued at $3,392,658,000 after purchasing an additional 1,480,927 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its holdings in shares of Walmart by 1.1% in the third quarter. Charles Schwab Investment Management Inc. now owns 31,236,769 shares of the retailer's stock valued at $2,522,369,000 after purchasing an additional 350,881 shares in the last quarter. Institutional investors and hedge funds own 26.76% of the company's stock.

Insiders Place Their Bets

In other news, EVP John D. Rainey sold 3,000 shares of the stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $82.12, for a total transaction of $246,360.00. Following the completion of the transaction, the executive vice president now directly owns 378,165 shares in the company, valued at $31,054,909.80. This represents a 0.79 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Daniel J. Bartlett sold 1,830 shares of Walmart stock in a transaction dated Wednesday, January 15th. The shares were sold at an average price of $91.07, for a total transaction of $166,658.10. Following the completion of the transaction, the executive vice president now directly owns 460,705 shares of the company's stock, valued at approximately $41,956,404.35. This trade represents a 0.40 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 140,177 shares of company stock worth $12,895,688. Company insiders own 45.58% of the company's stock.

Analyst Upgrades and Downgrades

WMT has been the topic of a number of research reports. DZ Bank downgraded Walmart from a "buy" rating to a "hold" rating and set a $91.00 target price on the stock. in a report on Thursday, November 21st. Piper Sandler increased their price objective on Walmart from $83.00 to $93.00 and gave the company an "overweight" rating in a report on Monday, November 18th. Roth Mkm boosted their target price on shares of Walmart from $81.00 to $97.00 and gave the stock a "buy" rating in a research report on Wednesday, November 20th. Tigress Financial boosted their target price on shares of Walmart from $86.00 to $115.00 and gave the stock a "buy" rating in a research report on Friday, December 13th. Finally, UBS Group lifted their price target on shares of Walmart from $92.00 to $100.00 and gave the stock a "buy" rating in a research note on Wednesday, November 20th. Two research analysts have rated the stock with a hold rating, twenty-nine have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Walmart presently has an average rating of "Moderate Buy" and an average target price of $94.69.

Walmart Trading Up 1.1 %

Shares of WMT traded up $1.11 during trading hours on Thursday, reaching $98.61. The stock had a trading volume of 10,993,827 shares, compared to its average volume of 15,021,106. The company has a market cap of $792.15 billion, a P/E ratio of 40.47, a P/E/G ratio of 4.42 and a beta of 0.55. Walmart Inc. has a 52 week low of $55.04 and a 52 week high of $98.93. 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 firm has a 50-day moving average of $92.71 and a 200 day moving average of $82.79.

Walmart (NYSE:WMT - Get Free Report) last announced its quarterly earnings results on Tuesday, November 19th. The retailer reported $0.58 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.53 by $0.05. Walmart had a return on equity of 21.78% and a net margin of 2.92%. The company 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 company earned $0.51 earnings per share. The company's revenue for the quarter was up 5.5% compared to the same quarter last year. On average, sell-side analysts expect that Walmart Inc. will post 2.48 earnings per share 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.