Echo45 Advisors LLC Has $433,000 Stock Holdings in Walmart Inc. (NYSE:WMT)

Echo45 Advisors LLC lessened its stake in shares of Walmart Inc. (NYSE:WMT) by 3.5% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 4,774 shares of the retailer’s stock after selling 172 shares during the quarter. Echo45 Advisors LLC’s holdings in Walmart were worth $433,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. True North Advisors LLC increased its position in Walmart by 11.4% during the fourth quarter. True North Advisors LLC now owns 11,929 shares of the retailer’s stock worth $1,078,000 after acquiring an additional 1,225 shares during the period. Traynor Capital Management Inc. increased its holdings in Walmart by 6.0% in the 4th quarter. Traynor Capital Management Inc. now owns 24,449 shares of the retailer’s stock valued at $2,209,000 after buying an additional 1,385 shares during the period. Independent Wealth Network Inc. increased its holdings in Walmart by 4.2% in the 4th quarter. Independent Wealth Network Inc. now owns 5,568 shares of the retailer’s stock valued at $503,000 after buying an additional 222 shares during the period. Janney Montgomery Scott LLC increased its holdings in Walmart by 0.6% in the 4th quarter. Janney Montgomery Scott LLC now owns 2,388,709 shares of the retailer’s stock valued at $215,820,000 after buying an additional 14,501 shares during the period. Finally, Eagle Capital Management LLC increased its holdings in Walmart by 9.1% in the 4th quarter. Eagle Capital Management LLC now owns 3,861 shares of the retailer’s stock valued at $349,000 after buying an additional 321 shares during the period. Institutional investors and hedge funds own 26.76% of the company’s stock.

Analysts Set New Price Targets

WMT has been the topic of several recent analyst reports. TD Cowen raised their target price on shares of Walmart from $90.00 to $100.00 and gave the company a “buy” rating in a report on Wednesday, November 20th. KeyCorp raised their target price on shares of Walmart from $96.00 to $100.00 and gave the company an “overweight” rating in a report on Wednesday, December 11th. Barclays raised their target price on shares of Walmart from $90.00 to $98.00 and gave the company an “overweight” rating in a report on Thursday, January 9th. Bank of America raised their price target on shares of Walmart from $95.00 to $105.00 and gave the company a “buy” rating in a research note on Wednesday, November 20th. Finally, Robert W. Baird raised their price target on shares of Walmart from $90.00 to $100.00 and gave the company an “outperform” rating in a research note on Wednesday, November 20th. Two 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.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $94.69.

Walmart Stock Up 1.1 %

Shares of NYSE WMT opened at $94.84 on Friday. The company has a market capitalization of $761.90 billion, a P/E ratio of 38.92, a price-to-earnings-growth ratio of 4.42 and a beta of 0.55. Walmart Inc. has a 52-week low of $53.47 and a 52-week high of $96.18. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.23 and a current ratio of 0.85. The company’s 50 day moving average price is $91.81 and its 200-day moving average price is $81.95.

Walmart (NYSE:WMT) last issued its quarterly earnings results 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. The firm had revenue of $169.59 billion for the quarter, compared to the consensus estimate of $167.69 billion. Walmart had a net margin of 2.92% and a return on equity of 21.78%. The company’s revenue for the quarter was up 5.5% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.51 EPS. Equities analysts forecast that Walmart Inc. will post 2.48 earnings per share for the current year.

Insider Activity

In other news, CEO C Douglas Mcmillon sold 29,124 shares of Walmart stock in a transaction on Wednesday, November 27th. The shares were sold at an average price of $91.44, for a total value of $2,663,098.56. Following the completion of the sale, the chief executive officer now owns 3,814,805 shares in the company, valued at $348,825,769.20. The trade was a 0.76 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through 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 completion of the sale, the executive vice president now owns 460,705 shares of the company’s stock, valued at $41,956,404.35. This represents a 0.40 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 140,177 shares of company stock worth $12,895,688 in the last quarter. 45.58% of the stock is owned by corporate insiders.

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.