Cerro Pacific Wealth Advisors LLC Sells 152 Shares of Walmart Inc. (NYSE:WMT)

Cerro Pacific Wealth Advisors LLC reduced its stake in shares of Walmart Inc. (NYSE:WMT) by 0.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 20,962 shares of the retailer’s stock after selling 152 shares during the period. Cerro Pacific Wealth Advisors LLC’s holdings in Walmart were worth $1,894,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the stock. Geode Capital Management LLC grew its stake in Walmart by 3.3% in the 3rd 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 last quarter. FMR LLC boosted its holdings in Walmart by 12.9% during the third quarter. FMR LLC now owns 63,135,639 shares of the retailer’s stock valued at $5,098,203,000 after acquiring an additional 7,200,004 shares during the period. Fisher Asset Management LLC grew its position in shares of Walmart by 4.6% in 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 purchasing an additional 2,107,197 shares during the last quarter. Franklin Resources Inc. increased its stake in shares of Walmart by 3.7% in the third quarter. Franklin Resources Inc. now owns 41,501,782 shares of the retailer’s stock worth $3,392,658,000 after purchasing an additional 1,480,927 shares during the period. Finally, Legal & General Group Plc lifted its position in shares of Walmart by 1.8% during the 2nd quarter. Legal & General Group Plc now owns 36,282,740 shares of the retailer’s stock worth $2,456,704,000 after purchasing an additional 644,353 shares during the last quarter. 26.76% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

WMT has been the topic of a number of research analyst reports. BMO Capital Markets raised their target price on Walmart from $80.00 to $100.00 and gave the company an “outperform” rating in a report on Monday, November 18th. Piper Sandler boosted their target price on shares of Walmart from $83.00 to $93.00 and gave the stock an “overweight” rating in a research report on Monday, November 18th. Guggenheim increased their price target on shares of Walmart from $90.00 to $100.00 and gave the company a “buy” rating in a report on Wednesday, November 20th. Robert W. Baird raised their price target on shares of Walmart from $90.00 to $100.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 20th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and set a $105.00 price objective on shares of Walmart in a research report on Wednesday, January 15th. Two investment analysts have rated the stock with a hold rating, twenty-nine have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $94.69.

Walmart Trading Up 1.1 %

WMT stock opened at $94.84 on Friday. 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 stock has a market capitalization of $761.90 billion, a price-to-earnings ratio of 38.92, a P/E/G ratio of 4.42 and a beta of 0.55. The business has a fifty day moving average price of $91.81 and a 200 day moving average price of $81.95. Walmart Inc. has a fifty-two week low of $53.47 and a fifty-two week high of $96.18.

Walmart (NYSE:WMT) last announced its earnings results on Tuesday, November 19th. The retailer reported $0.58 earnings per share for the quarter, beating analysts’ consensus estimates of $0.53 by $0.05. The company had revenue of $169.59 billion during the quarter, compared to analyst estimates of $167.69 billion. Walmart had a return on equity of 21.78% and a net margin of 2.92%. The firm’s quarterly revenue was up 5.5% compared to the same quarter last year. During the same period last year, the company posted $0.51 earnings per share. Analysts expect that Walmart Inc. will post 2.48 EPS for the current fiscal year.

Insider Transactions at Walmart

In other news, Director Robert Edward Jr. Moritz purchased 5,446 shares of the business’s stock in a transaction dated Wednesday, November 27th. The shares were acquired at an average price of $91.81 per share, with a total value of $499,997.26. Following the completion of the purchase, the director now directly owns 7,805 shares of the company’s stock, valued at $716,577.05. The trade was a 230.86 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP John D. Rainey sold 3,000 shares of the firm’s stock in a transaction dated 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 transaction, the executive vice president now owns 378,165 shares in the company, valued at approximately $31,054,909.80. This represents a 0.79 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 140,177 shares of company stock worth $12,895,688. Corporate insiders own 45.58% of the company’s stock.

Walmart 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.