Fairview Capital Investment Management LLC Cuts Stock Holdings in Walmart Inc. (NYSE:WMT)

Fairview Capital Investment Management LLC trimmed its holdings in shares of Walmart Inc. (NYSE:WMT) by 1.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 237,986 shares of the retailer’s stock after selling 2,415 shares during the period. Walmart comprises approximately 2.2% of Fairview Capital Investment Management LLC’s portfolio, making the stock its 17th largest position. Fairview Capital Investment Management LLC’s holdings in Walmart were worth $37,519,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Seven Mile Advisory raised its stake in shares of Walmart by 1.6% during the third quarter. Seven Mile Advisory now owns 3,953 shares of the retailer’s stock valued at $632,000 after acquiring an additional 61 shares during the last quarter. Flynn Zito Capital Management LLC raised its stake in shares of Walmart by 3.9% during the fourth quarter. Flynn Zito Capital Management LLC now owns 1,636 shares of the retailer’s stock valued at $258,000 after acquiring an additional 61 shares during the last quarter. ICW Investment Advisors LLC raised its stake in shares of Walmart by 0.4% during the fourth quarter. ICW Investment Advisors LLC now owns 15,451 shares of the retailer’s stock valued at $2,436,000 after acquiring an additional 62 shares during the last quarter. Bill Few Associates Inc. raised its stake in shares of Walmart by 1.1% during the fourth quarter. Bill Few Associates Inc. now owns 5,806 shares of the retailer’s stock valued at $915,000 after acquiring an additional 64 shares during the last quarter. Finally, Gateway Advisory LLC raised its stake in Walmart by 4.1% in the third quarter. Gateway Advisory LLC now owns 1,643 shares of the retailer’s stock worth $263,000 after buying an additional 65 shares in the last quarter. 26.76% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research firms recently issued reports on WMT. Truist Financial increased their price target on shares of Walmart from $60.00 to $64.00 and gave the stock a “hold” rating in a research note on Friday, May 17th. Jefferies Financial Group increased their price target on shares of Walmart from $70.00 to $75.00 and gave the stock a “buy” rating in a research note on Friday, May 17th. KeyCorp increased their price target on shares of Walmart from $63.00 to $75.00 and gave the stock an “overweight” rating in a research note on Friday, May 17th. Stifel Europe increased their price target on shares of Walmart from $56.33 to $58.33 in a research note on Friday, February 16th. Finally, Evercore ISI increased their price target on shares of Walmart from $70.00 to $72.00 and gave the stock an “outperform” rating in a research note on Monday. Four investment analysts have rated the stock with a hold rating and twenty-eight have given a buy rating to the company’s stock. According to MarketBeat.com, Walmart presently has a consensus rating of “Moderate Buy” and a consensus price target of $68.07.

Insiders Place Their Bets

In other Walmart news, Director S Robson Walton sold 933,000 shares of the stock in a transaction that occurred on Thursday, May 30th. The shares were sold at an average price of $64.92, for a total value of $60,570,360.00. Following the transaction, the director now directly owns 642,016,611 shares in the company, valued at $41,679,718,386.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, CEO C Douglas Mcmillon sold 29,124 shares of the firm’s stock in a transaction on Thursday, March 28th. The shares were sold at an average price of $60.45, for a total transaction of $1,760,545.80. Following the sale, the chief executive officer now directly owns 4,047,767 shares in the company, valued at approximately $244,687,515.15. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director S Robson Walton sold 933,000 shares of the firm’s stock in a transaction on Thursday, May 30th. The shares were sold at an average price of $64.92, for a total transaction of $60,570,360.00. Following the sale, the director now owns 642,016,611 shares in the company, valued at $41,679,718,386.12. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 8,631,147 shares of company stock worth $557,995,354. Company insiders own 45.58% of the company’s stock.

Walmart Stock Performance

Walmart stock traded up $0.08 during midday trading on Wednesday, reaching $66.68. 6,698,854 shares of the company traded hands, compared to its average volume of 18,396,576. The firm has a market capitalization of $537.31 billion, a price-to-earnings ratio of 28.56, a price-to-earnings-growth ratio of 3.80 and a beta of 0.52. The business has a 50 day moving average of $61.37 and a two-hundred day moving average of $57.40. Walmart Inc. has a 12 month low of $49.50 and a 12 month high of $66.93. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.80 and a quick ratio of 0.23.

Walmart (NYSE:WMT) last issued its quarterly earnings data on Thursday, May 16th. The retailer reported $0.60 earnings per share for the quarter, beating analysts’ consensus estimates of $0.52 by $0.08. Walmart had a net margin of 2.88% and a return on equity of 21.57%. The company had revenue of $161.50 billion for the quarter, compared to the consensus estimate of $159.57 billion. During the same quarter in the prior year, the firm earned $0.49 earnings per share. The firm’s revenue for the quarter was up 6.0% compared to the same quarter last year. As a group, research analysts predict that Walmart Inc. will post 2.42 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.