Ables Iannone Moore & Associates Inc. Has $330,000 Stock Position in Walmart Inc. (NYSE:WMT)

Ables Iannone Moore & Associates Inc. cut its stake in shares of Walmart Inc. (NYSE:WMT) by 3.0% in the fourth quarter, Holdings Channel reports. The firm owned 3,651 shares of the retailer’s stock after selling 114 shares during the quarter. Ables Iannone Moore & Associates Inc.’s holdings in Walmart were worth $330,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Peterson Financial Group Inc. bought a new stake in shares of Walmart in the 3rd quarter valued at about $26,000. Voisard Asset Management Group Inc. grew its holdings in Walmart by 77.3% during the third quarter. Voisard Asset Management Group Inc. now owns 399 shares of the retailer’s stock valued at $32,000 after purchasing an additional 174 shares during the period. Hoese & Co LLP bought a new stake in Walmart in the third quarter valued at approximately $33,000. Livelsberger Financial Advisory acquired a new stake in Walmart in the third quarter worth $36,000. Finally, Hara Capital LLC bought a new position in shares of Walmart during the third quarter worth $37,000. Institutional investors own 26.76% of the company’s stock.

Wall Street Analysts Forecast Growth

WMT has been the topic of several recent analyst reports. KeyCorp lifted their target price on Walmart from $96.00 to $100.00 and gave the stock an “overweight” rating in a report on Wednesday, December 11th. Bank of America boosted their price objective on Walmart from $95.00 to $105.00 and gave the company a “buy” rating in a research report on Wednesday, November 20th. Morgan Stanley raised their price objective on shares of Walmart from $89.00 to $100.00 and gave the stock an “overweight” rating in a report on Wednesday, November 20th. Barclays lifted their target price on Walmart from $78.00 to $90.00 and gave the company an “overweight” rating in a research report on Friday, November 22nd. Finally, BMO Capital Markets raised their price target on shares of Walmart from $80.00 to $100.00 and gave the stock an “outperform” rating in a research note on Monday, November 18th. Two analysts have rated the stock with a hold rating, twenty-nine have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $93.69.

Walmart Stock Performance

NYSE:WMT traded up $0.53 during mid-day trading on Monday, reaching $91.31. 14,502,896 shares of the company’s stock were exchanged, compared to its average volume of 12,526,692. Walmart Inc. has a one year low of $52.23 and a one year 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 business’s fifty day simple moving average is $89.41 and its two-hundred day simple moving average is $79.80. The firm has a market capitalization of $733.53 billion, a PE ratio of 37.47, a price-to-earnings-growth ratio of 4.47 and a beta of 0.55.

Walmart (NYSE:WMT) last issued its quarterly earnings results 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 company had revenue of $169.59 billion for the quarter, compared to analysts’ expectations of $167.69 billion. During the same quarter last year, the business earned $0.51 earnings per share. Walmart’s revenue was up 5.5% on a year-over-year basis. Analysts anticipate that Walmart Inc. will post 2.47 earnings per share for the current fiscal year.

Insider Activity at Walmart

In other Walmart news, CEO C Douglas Mcmillon sold 29,124 shares of the company’s stock in a transaction that occurred on Thursday, October 24th. The shares were sold at an average price of $82.79, for a total value of $2,411,175.96. Following the completion of the transaction, the chief executive officer now directly owns 3,843,929 shares in the company, valued at approximately $318,238,881.91. This represents a 0.75 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Daniel J. Bartlett sold 2,065 shares of the company’s stock in a transaction dated Tuesday, October 15th. The shares were sold at an average price of $80.69, for a total value of $166,624.85. Following the completion of the sale, the executive vice president now owns 457,493 shares in the company, valued at $36,915,110.17. This trade represents a 0.45 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 140,412 shares of company stock valued at $12,478,116. 45.58% of the stock is owned by insiders.

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.