Walmart Inc. (NYSE:WMT) Shares Sold by Novare Capital Management LLC

Novare Capital Management LLC decreased its position in shares of Walmart Inc. (NYSE:WMT) by 3.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 377,145 shares of the retailer’s stock after selling 14,582 shares during the quarter. Walmart comprises about 2.9% of Novare Capital Management LLC’s investment portfolio, making the stock its 7th largest holding. Novare Capital Management LLC’s holdings in Walmart were worth $34,075,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of WMT. Jennison Associates LLC grew its position in Walmart by 479.6% in the 3rd quarter. Jennison Associates LLC now owns 18,479,259 shares of the retailer’s stock valued at $1,492,200,000 after buying an additional 15,290,936 shares in the last quarter. FMR LLC grew its position in Walmart by 12.9% in the 3rd quarter. FMR LLC now owns 63,135,639 shares of the retailer’s stock valued at $5,098,203,000 after buying an additional 7,200,004 shares in the last quarter. International Assets Investment Management LLC grew its position in Walmart by 8,814.4% in the 3rd quarter. International Assets Investment Management LLC now owns 6,963,218 shares of the retailer’s stock valued at $562,280,000 after buying an additional 6,885,106 shares in the last quarter. Geode Capital Management LLC grew its position in Walmart by 3.3% in the 3rd quarter. Geode Capital Management LLC now owns 87,617,409 shares of the retailer’s stock valued at $7,048,465,000 after buying an additional 2,786,061 shares in the last quarter. Finally, Fisher Asset Management LLC grew 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 buying an additional 2,107,197 shares in the last quarter. Institutional investors and hedge funds own 26.76% of the company’s stock.

Analyst Ratings Changes

WMT has been the subject of a number of research analyst reports. Guggenheim upped their price target on shares of Walmart from $90.00 to $100.00 and gave the company a “buy” rating in a report on Wednesday, November 20th. TD Cowen upped their price target on shares of Walmart from $90.00 to $100.00 and gave the company a “buy” rating in a report on Wednesday, November 20th. Telsey Advisory Group upped their price target on shares of Walmart from $92.00 to $100.00 and gave the company an “outperform” rating in a report on Tuesday, November 19th. Piper Sandler upped their price target on shares of Walmart from $83.00 to $93.00 and gave the company an “overweight” rating in a report on Monday, November 18th. Finally, KeyCorp upped their price target on shares of Walmart from $96.00 to $100.00 and gave the company an “overweight” rating in a report on Wednesday, December 11th. Two investment 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 company. Based on data from MarketBeat, Walmart has a consensus rating of “Moderate Buy” and an average target price of $94.69.

Walmart Trading Up 2.8 %

NYSE:WMT opened at $97.39 on Tuesday. The stock’s 50 day moving average price is $92.02 and its 200 day moving average price is $82.29. Walmart Inc. has a 52 week low of $54.51 and a 52 week high of $97.46. The company has a market capitalization of $782.38 billion, a P/E ratio of 39.97, a P/E/G ratio of 4.42 and a beta of 0.55. 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 (NYSE:WMT) last released its quarterly earnings data on Tuesday, November 19th. The retailer reported $0.58 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 firm had revenue of $169.59 billion for the quarter, compared to the consensus estimate of $167.69 billion. During the same quarter in the prior year, the company posted $0.51 earnings per share. The firm’s revenue was up 5.5% on a year-over-year basis. On average, research analysts forecast that Walmart Inc. will post 2.48 EPS for the current fiscal year.

Insider Buying and Selling at Walmart

In other Walmart news, EVP John D. Rainey sold 3,000 shares of the 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 transaction, the executive vice president now owns 378,165 shares in the company, valued at $31,054,909.80. This trade represents a 0.79 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Daniel J. Bartlett sold 1,830 shares of the firm’s stock in a transaction on Wednesday, January 15th. The stock was 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 in the company, valued at approximately $41,956,404.35. The trade was a 0.40 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 140,177 shares of company stock worth $12,895,688 over the last 90 days. 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.