Walmart Inc. (NYSE:WMT) Stake Cut by Mogy Joel R Investment Counsel Inc.

Mogy Joel R Investment Counsel Inc. trimmed its holdings in shares of Walmart Inc. (NYSE:WMT) by 2.4% during the fourth quarter, Holdings Channel reports. The firm owned 64,008 shares of the retailer’s stock after selling 1,555 shares during the quarter. Mogy Joel R Investment Counsel Inc.’s holdings in Walmart were worth $5,783,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of the business. Dakota Community Bank & Trust NA boosted its stake in Walmart by 4.0% during the 4th quarter. Dakota Community Bank & Trust NA now owns 2,879 shares of the retailer’s stock valued at $260,000 after purchasing an additional 110 shares during the period. Kozak & Associates Inc. boosted its position in shares of Walmart by 22.3% during the fourth quarter. Kozak & Associates Inc. now owns 619 shares of the retailer’s stock worth $56,000 after buying an additional 113 shares during the period. Summit Financial Wealth Advisors LLC grew its holdings in Walmart by 0.5% in the 3rd quarter. Summit Financial Wealth Advisors LLC now owns 23,720 shares of the retailer’s stock worth $1,915,000 after buying an additional 118 shares in the last quarter. Lowe Wealth Advisors LLC increased its position in 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 acquiring an additional 121 shares during the period. Finally, Providence Wealth Advisors LLC raised its stake in Walmart by 0.3% during the 3rd quarter. Providence Wealth Advisors LLC now owns 43,549 shares of the retailer’s stock valued at $3,591,000 after acquiring an additional 122 shares in the last quarter. 26.76% of the stock is currently owned by institutional investors.

Walmart Price Performance

NYSE WMT opened at $93.26 on Thursday. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.85 and a quick ratio of 0.23. The firm has a market capitalization of $749.19 billion, a price-to-earnings ratio of 38.27, a price-to-earnings-growth ratio of 4.36 and a beta of 0.55. The company has a 50 day simple moving average of $91.47 and a 200-day simple moving average of $81.79. Walmart Inc. has a 52-week low of $53.44 and a 52-week high of $96.18.

Walmart (NYSE:WMT) last issued its earnings results on Tuesday, November 19th. The retailer reported $0.58 earnings per share (EPS) for the quarter, beating 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 company had revenue of $169.59 billion during the quarter, compared to analyst estimates of $167.69 billion. During the same quarter last year, the business posted $0.51 EPS. The company’s revenue for the quarter was up 5.5% on a year-over-year basis. Equities research analysts predict that Walmart Inc. will post 2.47 earnings per share 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 business’s stock in a transaction that occurred on Friday, November 1st. The shares were sold at an average price of $82.12, for a total value of $246,360.00. Following the completion of the sale, the executive vice president now directly owns 378,165 shares of the company’s stock, valued at $31,054,909.80. The trade was a 0.79 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP John R. Furner sold 13,125 shares of the firm’s stock in a transaction on Thursday, December 26th. The shares were sold at an average price of $92.60, for a total transaction of $1,215,375.00. Following the transaction, the executive vice president now owns 566,794 shares in the company, valued at $52,485,124.40. This represents a 2.26 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 97,928 shares of company stock worth $8,978,123 over the last 90 days. 45.58% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the company. Sanford C. Bernstein raised their price target on Walmart from $98.00 to $102.00 and gave the company an “outperform” rating in a report on Wednesday, November 20th. BMO Capital Markets boosted their price target on shares of Walmart from $80.00 to $100.00 and gave the stock an “outperform” rating in a research report on Monday, November 18th. Morgan Stanley raised their price objective on shares of Walmart from $100.00 to $106.00 and gave the company an “overweight” rating in a research note on Tuesday. StockNews.com downgraded Walmart from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, November 20th. Finally, Royal Bank of Canada reiterated an “outperform” rating and set a $105.00 price target on shares of Walmart in a research report on Wednesday, January 15th. Two analysts have rated the stock with a hold rating, twenty-nine have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Walmart currently has a consensus rating of “Moderate Buy” and a consensus target price of $94.69.

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.