MADDEN SECURITIES Corp Trims Stock Holdings in Walmart Inc. (NYSE:WMT)

MADDEN SECURITIES Corp trimmed its holdings in Walmart Inc. (NYSE:WMT) by 9.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 47,846 shares of the retailer’s stock after selling 4,897 shares during the quarter. Walmart makes up about 1.7% of MADDEN SECURITIES Corp’s portfolio, making the stock its 15th biggest position. MADDEN SECURITIES Corp’s holdings in Walmart were worth $4,323,000 as of its most recent SEC filing.

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

Insider Buying and Selling at Walmart

In other Walmart news, SVP David Chojnowski sold 5,600 shares of Walmart stock in a transaction dated Wednesday, November 27th. The stock was sold at an average price of $91.45, for a total transaction of $512,120.00. Following the completion of the transaction, the senior vice president now owns 87,404 shares in the company, valued at approximately $7,993,095.80. This trade represents a 6.02 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP John D. Rainey sold 38,000 shares of Walmart stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $98.80, for a total value of $3,754,400.00. Following the transaction, the executive vice president now owns 257,281 shares of the company’s stock, valued at $25,419,362.80. The trade was a 12.87 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 175,177 shares of company stock worth $16,403,728. Insiders own 45.58% of the company’s stock.

Walmart Stock Performance

Shares of WMT stock opened at $102.45 on Wednesday. The firm has a market capitalization of $822.98 billion, a price-to-earnings ratio of 42.04, a price-to-earnings-growth ratio of 4.25 and a beta of 0.55. 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 business has a fifty day moving average of $94.27 and a 200 day moving average of $84.59. Walmart Inc. has a 1 year low of $55.85 and a 1 year high of $103.11.

Walmart (NYSE:WMT) last issued its earnings results on Tuesday, November 19th. The retailer reported $0.58 earnings per share (EPS) for the quarter, topping 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% on a year-over-year basis. During the same quarter last year, the business posted $0.51 EPS. As a group, research analysts expect that Walmart Inc. will post 2.48 earnings per share for the current year.

Analyst Ratings Changes

Several research analysts recently issued reports on WMT shares. Tigress Financial increased their price objective on Walmart from $86.00 to $115.00 and gave the stock a “buy” rating in a research note on Friday, December 13th. Guggenheim increased their target price on Walmart from $90.00 to $100.00 and gave the company a “buy” rating in a research report on Wednesday, November 20th. Bank of America increased their target price on Walmart from $95.00 to $105.00 and gave the company a “buy” rating in a research report on Wednesday, November 20th. Stifel Nicolaus increased their target price on Walmart from $89.00 to $94.00 and gave the company a “hold” rating in a research report on Tuesday, December 10th. Finally, KeyCorp increased their target price on Walmart from $96.00 to $100.00 and gave the company an “overweight” rating in a research report on Wednesday, December 11th. Two investment 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 company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $98.08.

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.