Chickasaw Capital Management LLC Cuts Holdings in Walmart Inc. (NYSE:WMT)

Chickasaw Capital Management LLC reduced its holdings in shares of Walmart Inc. (NYSE:WMT) by 0.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 91,366 shares of the retailer’s stock after selling 600 shares during the quarter. Walmart accounts for 0.3% of Chickasaw Capital Management LLC’s portfolio, making the stock its 23rd biggest holding. Chickasaw Capital Management LLC’s holdings in Walmart were worth $8,255,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Peterson Financial Group Inc. bought a new position in Walmart during the third quarter valued at approximately $26,000. Voisard Asset Management Group Inc. lifted its holdings in shares of Walmart by 77.3% during the 3rd quarter. Voisard Asset Management Group Inc. now owns 399 shares of the retailer’s stock valued at $32,000 after buying an additional 174 shares during the period. Hoese & Co LLP purchased a new position in shares of Walmart in the 3rd quarter worth $33,000. Livelsberger Financial Advisory purchased a new stake in Walmart during the third quarter valued at $36,000. Finally, Hara Capital LLC bought a new position in Walmart in the third quarter valued at about $37,000. 26.76% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Walmart

In other news, CEO C Douglas Mcmillon sold 29,124 shares of the firm’s stock in a transaction that occurred on Thursday, December 26th. The shares were sold at an average price of $92.35, for a total transaction of $2,689,601.40. Following the sale, the chief executive officer now owns 3,785,702 shares of the company’s stock, valued at $349,609,579.70. This trade represents a 0.76 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Daniel J. Bartlett sold 2,065 shares of the business’s stock in a transaction on Tuesday, October 15th. The shares were sold at an average price of $80.69, for a total transaction of $166,624.85. Following the completion of the transaction, the executive vice president now owns 457,493 shares of the company’s stock, valued at approximately $36,915,110.17. This represents a 0.45 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 140,412 shares of company stock worth $12,478,116. 45.58% of the stock is owned by corporate insiders.

Walmart Stock Down 0.5 %

NYSE:WMT traded down $0.48 during mid-day trading on Tuesday, reaching $90.95. The company’s stock had a trading volume of 6,708,808 shares, compared to its average volume of 11,585,060. The stock has a fifty day moving average of $89.58 and a 200-day moving average of $79.96. Walmart Inc. has a 1 year low of $52.23 and a 1 year high of $96.18. The company has a quick ratio of 0.23, a current ratio of 0.85 and a debt-to-equity ratio of 0.42. The firm has a market capitalization of $730.64 billion, a PE ratio of 37.33, a price-to-earnings-growth ratio of 4.47 and a beta of 0.55.

Walmart (NYSE:WMT) last posted its quarterly earnings data 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. The firm had revenue of $169.59 billion during the quarter, compared to analysts’ expectations of $167.69 billion. Walmart had a return on equity of 21.78% and a net margin of 2.92%. The business’s quarterly revenue was up 5.5% on a year-over-year basis. During the same quarter last year, the firm earned $0.51 EPS. Equities research analysts forecast that Walmart Inc. will post 2.47 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on WMT shares. Sanford C. Bernstein upped their price target on shares of Walmart from $98.00 to $102.00 and gave the company an “outperform” rating in a research report on Wednesday, November 20th. Evercore ISI lifted their price target on shares of Walmart from $94.00 to $96.00 and gave the stock an “outperform” rating in a research note on Tuesday, December 3rd. StockNews.com cut Walmart from a “strong-buy” rating to a “buy” rating in a report on Wednesday, November 20th. Guggenheim boosted their price target on Walmart from $90.00 to $100.00 and gave the company a “buy” rating in a report on Wednesday, November 20th. Finally, Citigroup lifted their price objective on Walmart from $75.00 to $98.00 and gave the company a “buy” rating in a research report on Friday, September 27th. Two analysts have rated the stock with a hold rating, twenty-nine have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $93.69.

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.