StrongBox Wealth LLC Sells 864 Shares of Walmart Inc. (NYSE:WMT)

StrongBox Wealth LLC lessened its position in Walmart Inc. (NYSE:WMT) by 16.1% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 4,508 shares of the retailer’s stock after selling 864 shares during the period. StrongBox Wealth LLC’s holdings in Walmart were worth $407,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of the company. Jennison Associates LLC increased its holdings in Walmart by 479.6% during the 3rd quarter. Jennison Associates LLC now owns 18,479,259 shares of the retailer’s stock valued at $1,492,200,000 after purchasing an additional 15,290,936 shares during the period. FMR LLC lifted its holdings in Walmart by 12.9% in the 3rd quarter. FMR LLC now owns 63,135,639 shares of the retailer’s stock worth $5,098,203,000 after buying an additional 7,200,004 shares during the period. International Assets Investment Management LLC grew its position in shares of Walmart by 8,814.4% in the 3rd quarter. International Assets Investment Management LLC now owns 6,963,218 shares of the retailer’s stock worth $562,280,000 after buying an additional 6,885,106 shares during the last quarter. Geode Capital Management LLC increased its stake in shares of Walmart by 3.3% during the third quarter. Geode Capital Management LLC now owns 87,617,409 shares of the retailer’s stock valued at $7,048,465,000 after buying an additional 2,786,061 shares during the period. Finally, Fisher Asset Management LLC raised its holdings in shares of Walmart by 4.6% during the third quarter. Fisher Asset Management LLC now owns 47,659,844 shares of the retailer’s stock valued at $3,848,533,000 after acquiring an additional 2,107,197 shares in the last quarter. Hedge funds and other institutional investors own 26.76% of the company’s stock.

Walmart Stock Down 0.0 %

Walmart stock opened at $91.33 on Friday. Walmart Inc. has a 12 month low of $53.44 and a 12 month high of $96.18. The stock has a fifty day simple moving average of $90.86 and a two-hundred day simple moving average of $81.03. The company has a current ratio of 0.85, a quick ratio of 0.23 and a debt-to-equity ratio of 0.42. The firm has a market cap of $733.70 billion, a price-to-earnings ratio of 37.48, a PEG ratio of 4.41 and a beta of 0.55.

Walmart (NYSE:WMT) last released its quarterly earnings data on Tuesday, November 19th. The retailer reported $0.58 EPS for the quarter, topping the consensus estimate of $0.53 by $0.05. The company had revenue of $169.59 billion during the quarter, compared to the consensus estimate of $167.69 billion. Walmart had a return on equity of 21.78% and a net margin of 2.92%. Walmart’s revenue for the quarter was up 5.5% on a year-over-year basis. During the same period last year, the company earned $0.51 EPS. Equities analysts predict that Walmart Inc. will post 2.47 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on WMT. Citigroup lifted their price target on shares of Walmart from $75.00 to $98.00 and gave the company a “buy” rating in a report on Friday, September 27th. Oppenheimer boosted their price target on shares of Walmart from $81.00 to $90.00 and gave the company an “outperform” rating in a research report on Monday, October 14th. Redburn Atlantic upgraded shares of Walmart to a “strong-buy” rating in a report on Monday, September 23rd. Morgan Stanley upped their target price on Walmart from $89.00 to $100.00 and gave the stock an “overweight” rating in a report on Wednesday, November 20th. Finally, Tigress Financial increased their target price on Walmart from $86.00 to $115.00 and gave the stock a “buy” rating in a research report on Friday, December 13th. Two research analysts have rated the stock with a hold rating, twenty-nine have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $94.49.

Insiders Place Their Bets

In other Walmart news, EVP John R. Furner sold 13,125 shares of the firm’s stock in a transaction dated Thursday, December 26th. The stock was sold at an average price of $92.60, for a total value of $1,215,375.00. Following the transaction, the executive vice president now directly owns 566,794 shares of the company’s stock, valued at approximately $52,485,124.40. This trade represents a 2.26 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO C Douglas Mcmillon sold 29,124 shares of the company’s stock in a transaction dated 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 directly owns 3,785,702 shares of the company’s stock, valued at $349,609,579.70. The trade was a 0.76 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 138,347 shares of company stock valued at $12,311,491. Company insiders own 45.58% of the company’s stock.

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.