Flossbach Von Storch SE Sells 177,904 Shares of Walmart Inc. (NYSE:WMT)

Flossbach Von Storch SE lessened its holdings in shares of Walmart Inc. (NYSE:WMT) by 13.8% in the fourth quarter, HoldingsChannel.com reports. The firm owned 1,109,748 shares of the retailer’s stock after selling 177,904 shares during the period. Flossbach Von Storch SE’s holdings in Walmart were worth $100,266,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Brophy Wealth Management LLC bought a new stake in shares of Walmart in the 3rd quarter worth $2,072,000. Bank of New Hampshire grew its stake in shares of Walmart by 13.7% in the 4th quarter. Bank of New Hampshire now owns 47,949 shares of the retailer’s stock worth $4,332,000 after acquiring an additional 5,786 shares in the last quarter. Iowa State Bank grew its stake in shares of Walmart by 213.8% in the 4th quarter. Iowa State Bank now owns 26,807 shares of the retailer’s stock worth $2,422,000 after acquiring an additional 18,263 shares in the last quarter. Fisher Asset Management LLC grew its stake in shares of Walmart by 4.6% in the 3rd quarter. Fisher Asset Management LLC now owns 47,659,844 shares of the retailer’s stock worth $3,848,533,000 after acquiring an additional 2,107,197 shares in the last quarter. Finally, Virtu Financial LLC bought a new stake in shares of Walmart in the 3rd quarter worth $541,000. Institutional investors own 26.76% of the company’s stock.

Insider Activity at Walmart

In other Walmart news, Director Robert Edward Jr. Moritz purchased 5,446 shares of Walmart stock in a transaction on Wednesday, November 27th. The shares were acquired at an average cost 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 ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. Also, SVP David Chojnowski sold 5,600 shares of the stock in a transaction that occurred on Wednesday, November 27th. The shares were sold at an average price of $91.45, for a total transaction of $512,120.00. Following the transaction, the senior vice president now owns 87,404 shares in the company, valued at $7,993,095.80. The trade was a 6.02 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 175,177 shares of company stock valued at $16,403,728 over the last three months. 45.58% of the stock is owned by corporate insiders.

Walmart Trading Up 0.1 %

Shares of WMT opened at $103.90 on Thursday. The firm’s 50 day simple moving average is $95.56 and its 200 day simple moving average is $86.17. The company has a market capitalization of $834.69 billion, a P/E ratio of 42.64, a P/E/G ratio of 4.39 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. Walmart Inc. has a 1-year low of $57.60 and a 1-year high of $105.30.

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. Sell-side analysts forecast that Walmart Inc. will post 2.48 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several analysts have recently issued reports on the stock. JPMorgan Chase & Co. upped their target price on shares of Walmart from $97.00 to $112.00 and gave the stock an “overweight” rating in a research note on Monday, February 10th. Barclays increased their price target on shares of Walmart from $98.00 to $108.00 and gave the company an “overweight” rating in a research report on Friday, February 14th. Jefferies Financial Group increased their price target on shares of Walmart from $105.00 to $111.00 and gave the company a “buy” rating in a research report on Tuesday, December 17th. Robert W. Baird increased their price target on shares of Walmart from $100.00 to $115.00 and gave the company an “outperform” rating in a research report on Tuesday. Finally, Truist Financial increased their price target on shares of Walmart from $98.00 to $111.00 and gave the company a “buy” rating in a research report on Tuesday, February 11th. Two research analysts have rated the stock with a hold rating, twenty-nine have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Walmart currently has an average rating of “Moderate Buy” and a consensus target price of $101.87.

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.