WealthBridge Capital Management LLC Sells 219 Shares of Walmart Inc. (NYSE:WMT)

WealthBridge Capital Management LLC cut its stake in Walmart Inc. (NYSE:WMT) by 5.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,937 shares of the retailer’s stock after selling 219 shares during the quarter. WealthBridge Capital Management LLC’s holdings in Walmart were worth $356,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently added to or reduced their stakes in the company. Peterson Financial Group Inc. bought a new stake in Walmart during the third quarter valued at approximately $26,000. Fiduciary Advisors Inc. bought a new stake in Walmart during the fourth quarter valued at approximately $27,000. Voisard Asset Management Group Inc. grew its position in Walmart by 77.3% during the third quarter. Voisard Asset Management Group Inc. now owns 399 shares of the retailer’s stock valued at $32,000 after buying an additional 174 shares during the period. Decker Retirement Planning Inc. bought a new stake in Walmart during the fourth quarter valued at approximately $32,000. Finally, Hara Capital LLC bought a new stake in Walmart during the third quarter valued at approximately $37,000. 26.76% of the stock is currently owned by institutional investors.

Walmart Price Performance

Walmart stock opened at $103.90 on Thursday. The company has a market cap of $834.69 billion, a price-to-earnings ratio of 42.64, a PEG ratio of 4.39 and a beta of 0.55. The firm’s fifty day moving average is $95.56 and its 200 day moving average is $86.17. The company has a quick ratio of 0.23, a current ratio of 0.85 and a debt-to-equity ratio of 0.42. Walmart Inc. has a 52-week low of $57.60 and a 52-week high of $105.30.

Walmart (NYSE:WMT) last released its quarterly 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 company 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 revenue was up 5.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.51 earnings per share. Sell-side analysts forecast that Walmart Inc. will post 2.48 EPS for the current fiscal year.

Insider Activity at Walmart

In other news, Director Robert Edward Jr. Moritz acquired 5,446 shares of the business’s stock in a transaction on Wednesday, November 27th. The shares were acquired at an average price of $91.81 per share, for a total transaction of $499,997.26. Following the completion of the transaction, the director now directly owns 7,805 shares of the company’s stock, valued at approximately $716,577.05. The trade was a 230.86 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP John D. Rainey sold 38,000 shares of the business’s stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $98.80, for a total transaction of $3,754,400.00. Following the transaction, the executive vice president now owns 257,281 shares in the company, valued at $25,419,362.80. This trade represents a 12.87 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 175,177 shares of company stock valued at $16,403,728 over the last 90 days. 45.58% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the stock. Piper Sandler boosted their target price on shares of Walmart from $93.00 to $118.00 and gave the company an “overweight” rating in a research report on Tuesday. Stifel Nicolaus boosted their target price on shares of Walmart from $89.00 to $94.00 and gave the company a “hold” rating in a research report on Tuesday, December 10th. Sanford C. Bernstein upped their price target on shares of Walmart from $98.00 to $102.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 20th. Jefferies Financial Group upped their price target on shares of Walmart from $105.00 to $111.00 and gave the stock a “buy” rating in a research report on Tuesday, December 17th. Finally, Tigress Financial upped their price target on shares of Walmart from $86.00 to $115.00 and gave the stock a “buy” rating in a research report on Friday, December 13th. 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 company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $101.87.

Walmart Company 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.