Western Pacific Wealth Management LP Cuts Position in Walmart Inc. (NYSE:WMT)

Western Pacific Wealth Management LP reduced its position in Walmart Inc. (NYSE:WMT) by 1.8% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 6,658 shares of the retailer’s stock after selling 125 shares during the quarter. Walmart comprises approximately 0.5% of Western Pacific Wealth Management LP’s portfolio, making the stock its 24th biggest position. Western Pacific Wealth Management LP’s holdings in Walmart were worth $602,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of the stock. Czech National Bank increased its position in Walmart by 8.7% during the 3rd quarter. Czech National Bank now owns 884,820 shares of the retailer’s stock worth $71,449,000 after purchasing an additional 70,808 shares in the last quarter. GAMMA Investing LLC boosted its stake in shares of Walmart by 32.5% during the 3rd quarter. GAMMA Investing LLC now owns 71,684 shares of the retailer’s stock valued at $5,788,000 after buying an additional 17,593 shares during the last quarter. WealthBridge Capital Management LLC acquired a new stake in shares of Walmart during the 3rd quarter valued at approximately $336,000. Diversified Trust Co increased its position in Walmart by 4.8% in the third quarter. Diversified Trust Co now owns 129,449 shares of the retailer’s stock worth $10,453,000 after buying an additional 5,983 shares during the period. Finally, Everpar Advisors LLC increased its holdings in shares of Walmart by 2.3% during the third quarter. Everpar Advisors LLC now owns 20,373 shares of the retailer’s stock valued at $1,645,000 after purchasing an additional 449 shares during the period. 26.76% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Walmart

In related news, CEO C Douglas Mcmillon sold 29,124 shares of the company’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 sale, the chief executive officer now owns 3,814,805 shares in the company, valued at $348,825,769.20. This represents a 0.76 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP John R. Furner sold 13,125 shares of the company’s stock in a transaction dated Thursday, January 23rd. The stock was sold at an average price of $92.96, for a total transaction of $1,220,100.00. Following the completion of the sale, the executive vice president now directly owns 568,626 shares of the company’s stock, valued at $52,859,472.96. The trade was a 2.26 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 137,177 shares of company stock valued at $12,649,328. 45.58% of the stock is currently owned by insiders.

Walmart Trading Up 1.5 %

Shares of WMT stock opened at $99.60 on Tuesday. The company has a quick ratio of 0.23, a current ratio of 0.85 and a debt-to-equity ratio of 0.42. Walmart Inc. has a 12-month low of $55.85 and a 12-month high of $99.79. The firm has a 50 day moving average price of $93.07 and a two-hundred day moving average price of $83.27. The company has a market capitalization of $800.13 billion, a PE ratio of 40.88, a price-to-earnings-growth ratio of 4.49 and a beta of 0.55.

Walmart (NYSE:WMT) last posted its earnings results on Tuesday, November 19th. The retailer reported $0.58 earnings per share for the quarter, topping analysts’ consensus estimates of $0.53 by $0.05. Walmart had a net margin of 2.92% and a return on equity of 21.78%. The firm had revenue of $169.59 billion for the quarter, compared to analysts’ expectations of $167.69 billion. During the same quarter in the previous year, the firm posted $0.51 earnings per share. The company’s revenue was up 5.5% on a year-over-year basis. As a group, analysts predict that Walmart Inc. will post 2.48 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the company. Robert W. Baird increased their price target on Walmart from $90.00 to $100.00 and gave the company an “outperform” rating in a research report on Wednesday, November 20th. Wells Fargo & Company raised their price objective on Walmart from $100.00 to $108.00 and gave the company an “overweight” rating in a research note on Monday. TD Cowen raised their target price on Walmart from $90.00 to $100.00 and gave the company a “buy” rating in a report on Wednesday, November 20th. Tigress Financial lifted their price objective on Walmart from $86.00 to $115.00 and gave the stock a “buy” rating in a report on Friday, December 13th. Finally, Truist Financial lifted their price objective on Walmart from $89.00 to $98.00 and gave the company a “buy” rating in a research report on Wednesday, November 20th. 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’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $95.37.

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.