Doliver Advisors LP Trims Stock Holdings in Walmart Inc. (NYSE:WMT)

Doliver Advisors LP lessened its stake in shares of Walmart Inc. (NYSE:WMT) by 17.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 24,742 shares of the retailer’s stock after selling 5,118 shares during the quarter. Walmart makes up approximately 0.6% of Doliver Advisors LP’s holdings, making the stock its 23rd largest holding. Doliver Advisors LP’s holdings in Walmart were worth $2,235,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Peterson Financial Group Inc. acquired a new position in Walmart in the third quarter valued at $26,000. Voisard Asset Management Group Inc. increased its stake 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 acquiring an additional 174 shares during the last quarter. Hoese & Co LLP acquired a new stake in shares of Walmart in the third quarter worth approximately $33,000. Livelsberger Financial Advisory purchased a new stake in Walmart in the third quarter valued at approximately $36,000. Finally, Hara Capital LLC acquired a new position in Walmart during the third quarter worth approximately $37,000. Institutional investors and hedge funds own 26.76% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently weighed in on WMT shares. Telsey Advisory Group lifted their target price on Walmart from $92.00 to $100.00 and gave the company an “outperform” rating in a report on Tuesday, November 19th. Bank of America lifted their price objective on Walmart from $95.00 to $105.00 and gave the company a “buy” rating in a research note on Wednesday, November 20th. BMO Capital Markets raised their price target on shares of Walmart from $80.00 to $100.00 and gave the company an “outperform” rating in a report on Monday, November 18th. Tigress Financial boosted their price objective on shares of Walmart from $86.00 to $115.00 and gave the stock a “buy” rating in a research note on Friday, December 13th. Finally, Piper Sandler raised their target price on shares of Walmart from $83.00 to $93.00 and gave the company an “overweight” rating in a research note on Monday, November 18th. Two equities research 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 company. According to MarketBeat, Walmart has a consensus rating of “Moderate Buy” and an average target price of $93.69.

Insider Transactions at Walmart

In other news, EVP Daniel J. Bartlett sold 2,065 shares of Walmart stock in a transaction dated Tuesday, October 15th. The stock was sold at an average price of $80.69, for a total value 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 $36,915,110.17. The trade was a 0.45 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO C Douglas Mcmillon sold 29,124 shares of Walmart stock in a transaction dated Thursday, December 26th. The stock was sold at an average price of $92.35, for a total transaction of $2,689,601.40. Following the completion of the transaction, the chief executive officer now directly 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 ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 140,412 shares of company stock valued at $12,478,116. Company insiders own 45.58% of the company’s stock.

Walmart Price Performance

Shares of WMT traded up $0.98 during mid-day trading on Monday, reaching $91.76. 9,604,409 shares of the stock traded hands, compared to its average volume of 11,680,613. The company has a current ratio of 0.85, a quick ratio of 0.23 and a debt-to-equity ratio of 0.42. Walmart Inc. has a 1 year low of $52.23 and a 1 year high of $96.18. The company has a market cap of $737.14 billion, a price-to-earnings ratio of 37.66, a price-to-earnings-growth ratio of 4.47 and a beta of 0.55. The firm has a fifty day moving average price of $89.41 and a 200 day moving average price of $79.80.

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 business had revenue of $169.59 billion for the quarter, compared to the consensus estimate of $167.69 billion. Walmart had a net margin of 2.92% and a return on equity of 21.78%. Walmart’s quarterly revenue was up 5.5% on a year-over-year basis. During the same period last year, the firm posted $0.51 earnings per share. As a group, equities research analysts predict that Walmart Inc. will post 2.47 earnings per share for the current year.

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.