Walmart Inc. (NYSE:WMT) Shares Sold by Baker Tilly Wealth Management LLC

Baker Tilly Wealth Management LLC trimmed its position in Walmart Inc. (NYSE:WMT) by 2.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,879 shares of the retailer’s stock after selling 128 shares during the period. Baker Tilly Wealth Management LLC’s holdings in Walmart were worth $441,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the company. Peterson Financial Group Inc. purchased a new position in Walmart during the third quarter worth about $26,000. Voisard Asset Management Group Inc. raised 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 worth $32,000 after buying an additional 174 shares in the last quarter. Hoese & Co LLP acquired a new stake in shares of Walmart in the 3rd quarter valued at approximately $33,000. Livelsberger Financial Advisory purchased a new stake in shares of 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 $37,000. Hedge funds and other institutional investors own 26.76% of the company’s stock.

Insider Transactions at Walmart

In related news, EVP John R. Furner sold 13,125 shares of the stock in a transaction that occurred on Thursday, December 26th. The shares were sold at an average price of $92.60, for a total transaction of $1,215,375.00. Following the completion of the sale, the executive vice president now owns 566,794 shares of the company’s stock, valued at approximately $52,485,124.40. This represents a 2.26 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO C Douglas Mcmillon sold 29,124 shares of Walmart stock in a transaction that occurred on Thursday, October 24th. The shares were sold at an average price of $82.79, for a total transaction of $2,411,175.96. Following the transaction, the chief executive officer now directly owns 3,843,929 shares in the company, valued at approximately $318,238,881.91. This trade represents a 0.75 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 140,412 shares of company stock worth $12,478,116 in the last ninety days. Insiders own 45.58% of the company’s stock.

Walmart Stock Up 1.3 %

Shares of NYSE:WMT opened at $93.03 on Friday. Walmart Inc. has a 12-month low of $53.39 and a 12-month high of $96.18. The stock’s 50-day moving average price is $90.38 and its two-hundred day moving average price is $80.45. 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 $747.35 billion, a price-to-earnings ratio of 38.18, a PEG ratio of 4.47 and a beta of 0.55.

Walmart (NYSE:WMT) last released its earnings results on Tuesday, November 19th. The retailer reported $0.58 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.53 by $0.05. The firm had revenue of $169.59 billion during 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 revenue was up 5.5% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.51 earnings per share. On average, research analysts forecast that Walmart Inc. will post 2.47 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on WMT shares. Wells Fargo & Company raised their target price on Walmart from $96.00 to $100.00 and gave the company an “overweight” rating in a report on Friday. Evercore ISI boosted their price objective on shares of Walmart from $94.00 to $96.00 and gave the stock an “outperform” rating in a report on Tuesday, December 3rd. Citigroup increased their target price on shares of Walmart from $75.00 to $98.00 and gave the company a “buy” rating in a report on Friday, September 27th. Stifel Nicolaus boosted their price target on Walmart from $89.00 to $94.00 and gave the stock a “hold” rating in a research note on Tuesday, December 10th. Finally, Roth Mkm raised their price objective on Walmart from $81.00 to $97.00 and gave the company a “buy” rating in a research note on Wednesday, November 20th. Two equities 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 stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $94.08.

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.