USA Financial Formulas Has $1.25 Million Stake in Walmart Inc. (NYSE:WMT)

USA Financial Formulas reduced its stake in shares of Walmart Inc. (NYSE:WMT) by 6.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,842 shares of the retailer’s stock after selling 913 shares during the quarter. USA Financial Formulas’ holdings in Walmart were worth $1,251,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of WMT. Garner Asset Management Corp raised its stake in Walmart by 10.0% during the second quarter. Garner Asset Management Corp now owns 45,432 shares of the retailer’s stock worth $3,076,000 after acquiring an additional 4,133 shares in the last quarter. Mittelman Wealth Management bought a new stake in shares of Walmart during the second quarter worth $227,000. WCG Wealth Advisors LLC grew its holdings in shares of Walmart by 2.3% during the second quarter. WCG Wealth Advisors LLC now owns 94,503 shares of the retailer’s stock worth $6,399,000 after purchasing an additional 2,134 shares during the last quarter. Delaney Dennis R bought a new stake in shares of Walmart during the second quarter worth $200,000. Finally, Austin Asset Management Co Inc grew its holdings in shares of Walmart by 2.4% during the second quarter. Austin Asset Management Co Inc now owns 8,307 shares of the retailer’s stock worth $562,000 after purchasing an additional 195 shares during the last quarter. 26.76% of the stock is currently owned by institutional investors and hedge funds.

Walmart Trading Down 0.0 %

NYSE WMT opened at $91.33 on Friday. The stock has a market capitalization of $733.70 billion, a price-to-earnings ratio of 37.48, a PEG ratio of 4.41 and a beta of 0.55. The stock’s 50 day moving average price is $90.86 and its two-hundred day moving average price is $81.03. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.23 and a current ratio of 0.85. Walmart Inc. has a 52 week low of $53.44 and a 52 week high of $96.18.

Walmart (NYSE:WMT) last announced its quarterly earnings data on Tuesday, November 19th. The retailer reported $0.58 earnings per share (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 company had revenue of $169.59 billion for the quarter, compared to analysts’ expectations of $167.69 billion. During the same quarter in the prior year, the business posted $0.51 EPS. The business’s revenue was up 5.5% compared to the same quarter last year. As a group, analysts anticipate that Walmart Inc. will post 2.47 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several analysts have recently commented on the company. Morgan Stanley increased their target price on Walmart from $89.00 to $100.00 and gave the stock an “overweight” rating in a report on Wednesday, November 20th. Stifel Nicolaus raised their price target on Walmart from $89.00 to $94.00 and gave the company a “hold” rating in a report on Tuesday, December 10th. Bank of America raised their price target on Walmart from $95.00 to $105.00 and gave the company a “buy” rating in a report on Wednesday, November 20th. UBS Group raised their price target on Walmart from $92.00 to $100.00 and gave the company a “buy” rating in a report on Wednesday, November 20th. Finally, Evercore ISI raised their price target on Walmart from $94.00 to $96.00 and gave the company an “outperform” rating in a report on Tuesday, December 3rd. Two research analysts have rated the stock with a hold rating, twenty-nine have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $94.49.

Insider Transactions at Walmart

In other news, EVP John D. Rainey sold 3,000 shares of the company’s stock in a transaction that occurred 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 in the company, valued at $31,054,909.80. This represents a 0.79 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Director Robert Edward Jr. Moritz acquired 5,446 shares of the company’s stock in a transaction dated 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 purchase, the director now owns 7,805 shares in the company, valued at approximately $716,577.05. This represents a 230.86 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have sold a total of 138,347 shares of company stock worth $12,311,491 in the last 90 days. Corporate insiders own 45.58% of the company’s stock.

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.