Capital Investment Counsel LLC Has $9.01 Million Stock Holdings in Walmart Inc. (NYSE:WMT)

Capital Investment Counsel LLC lowered its position in shares of Walmart Inc. (NYSE:WMT) by 2.9% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 99,692 shares of the retailer’s stock after selling 2,958 shares during the quarter. Walmart makes up approximately 1.5% of Capital Investment Counsel LLC’s holdings, making the stock its 21st biggest holding. Capital Investment Counsel LLC’s holdings in Walmart were worth $9,007,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in WMT. Dakota Community Bank & Trust NA lifted its stake in shares of Walmart by 4.0% during the fourth quarter. Dakota Community Bank & Trust NA now owns 2,879 shares of the retailer’s stock valued at $260,000 after acquiring an additional 110 shares during the period. Kozak & Associates Inc. raised its holdings in Walmart by 22.3% during the 4th quarter. Kozak & Associates Inc. now owns 619 shares of the retailer’s stock worth $56,000 after purchasing an additional 113 shares during the last quarter. Summit Financial Wealth Advisors LLC lifted its position in Walmart by 0.5% during the 3rd quarter. Summit Financial Wealth Advisors LLC now owns 23,720 shares of the retailer’s stock valued at $1,915,000 after purchasing an additional 118 shares during the period. Lowe Wealth Advisors LLC boosted its stake in shares of Walmart by 13.5% in the 4th quarter. Lowe Wealth Advisors LLC now owns 1,018 shares of the retailer’s stock valued at $92,000 after purchasing an additional 121 shares during the last quarter. Finally, Moody Lynn & Lieberson LLC grew its position in shares of Walmart by 0.9% during the 4th quarter. Moody Lynn & Lieberson LLC now owns 13,903 shares of the retailer’s stock worth $1,256,000 after buying an additional 121 shares during the period. 26.76% of the stock is owned by institutional investors.

Walmart Price Performance

NYSE:WMT opened at $98.61 on Friday. The stock’s 50-day simple moving average is $92.71 and its 200 day simple moving average is $82.79. Walmart Inc. has a 52-week low of $55.04 and a 52-week high of $98.93. 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 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 (NYSE:WMT) last posted its quarterly earnings results on Tuesday, November 19th. The retailer reported $0.58 earnings per share 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 firm had revenue of $169.59 billion for the quarter, compared to analyst estimates of $167.69 billion. During the same quarter in the previous year, the firm earned $0.51 EPS. The business’s quarterly revenue was up 5.5% on a year-over-year basis. As a group, sell-side analysts forecast that Walmart Inc. will post 2.48 EPS for the current fiscal year.

Insider Activity

In related news, CEO C Douglas Mcmillon sold 29,124 shares of the firm’s stock in a transaction dated 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 directly owns 3,814,805 shares in the company, valued at approximately $348,825,769.20. This trade represents a 0.76 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP John R. Furner sold 13,125 shares of the business’s stock in a transaction that occurred on Thursday, January 23rd. The stock was sold at an average price of $92.96, for a total value of $1,220,100.00. Following the transaction, the executive vice president now directly owns 568,626 shares in the company, valued at approximately $52,859,472.96. This trade represents a 2.26 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 137,177 shares of company stock valued at $12,649,328 in the last quarter. Company insiders own 45.58% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently weighed in on WMT. Stifel Nicolaus increased their price objective on shares of Walmart from $89.00 to $94.00 and gave the company a “hold” rating in a report on Tuesday, December 10th. Royal Bank of Canada restated an “outperform” rating and issued a $105.00 price target on shares of Walmart in a research report on Wednesday, January 15th. Roth Mkm lifted their price objective on Walmart from $81.00 to $97.00 and gave the stock a “buy” rating in a research note on Wednesday, November 20th. KeyCorp increased their target price on Walmart from $96.00 to $100.00 and gave the company an “overweight” rating in a research note on Wednesday, December 11th. Finally, StockNews.com lowered Walmart from a “strong-buy” rating to a “buy” rating in a research report 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 company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $94.69.

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.