Walmart Inc. (NYSE:WMT) Shares Sold by Evernest Financial Advisors LLC

Key Points

• Evernest Financial Advisors LLC significantly reduced its holdings in Walmart Inc. by 65.2% during the first quarter, dropping to 17,373 shares after selling 32,489 shares.
• Walmart's stock has shown a solid performance with a recent trading price of $103.27 and has increased 4.0% on the day of reporting.
• Analysts maintain a positive outlook on Walmart with a consensus rating of "Buy" and an average target price of $106.67, while the company's recent earnings exceeded expectations with a reported $0.61 EPS.

Evernest Financial Advisors LLC lowered its position in shares of Walmart Inc. (NYSE:WMT - Free Report) by 65.2% in the first quarter, according to the company in its most recent filing with the SEC. The firm owned 17,373 shares of the retailer's stock after selling 32,489 shares during the quarter. Evernest Financial Advisors LLC's holdings in Walmart were worth $1,525,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Bear Mountain Capital Inc. increased its holdings in Walmart by 98.2% in the first quarter. Bear Mountain Capital Inc. now owns 337 shares of the retailer's stock valued at $32,000 after buying an additional 167 shares in the last quarter. EQ Wealth Advisors LLC purchased a new position in shares of Walmart in the 1st quarter valued at about $35,000. Lipe & Dalton raised its holdings in Walmart by 95.2% in the 1st quarter. Lipe & Dalton now owns 410 shares of the retailer's stock worth $36,000 after purchasing an additional 200 shares during the period. Nexus Investment Management ULC purchased a new position in Walmart during the first quarter worth approximately $49,000. Finally, Vega Investment Solutions acquired a new stake in Walmart in the fourth quarter valued at approximately $54,000. 26.76% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on WMT shares. Sanford C. Bernstein reissued an "outperform" rating on shares of Walmart in a research note on Monday, May 5th. Oppenheimer lifted their price target on Walmart from $100.00 to $110.00 and gave the stock an "outperform" rating in a research note on Wednesday, May 7th. UBS Group lowered their price target on shares of Walmart from $112.00 to $110.00 and set a "buy" rating on the stock in a research report on Thursday, April 10th. Stifel Nicolaus lowered their target price on Walmart from $93.00 to $91.00 and set a "hold" rating on the stock in a report on Wednesday, April 9th. Finally, Raymond James Financial lowered their price objective on Walmart from $115.00 to $105.00 and set an "outperform" rating on the stock in a research note on Friday, April 11th. One equities research analyst has rated the stock with a hold rating, thirty-one have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Buy" and an average target price of $106.67.

Walmart Stock Up 4.0%

WMT stock opened at $103.27 on Thursday. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.78 and a quick ratio of 0.22. The company's 50 day simple moving average is $97.07 and its 200-day simple moving average is $95.22. Walmart Inc. has a 12 month low of $66.67 and a 12 month high of $105.30. The firm has a market capitalization of $824.14 billion, a PE ratio of 44.13, a P/E/G ratio of 4.78 and a beta of 0.66.

Walmart (NYSE:WMT - Get Free Report) last announced its earnings results on Thursday, May 15th. The retailer reported $0.61 EPS for the quarter, beating analysts' consensus estimates of $0.58 by $0.03. Walmart had a return on equity of 21.76% and a net margin of 2.75%. The firm had revenue of $165.61 billion for the quarter, compared to analysts' expectations of $164.53 billion. During the same quarter in the prior year, the firm earned $0.60 EPS. Walmart's quarterly revenue was up 2.5% on a year-over-year basis. Equities analysts expect that Walmart Inc. will post 2.55 earnings per share for the current fiscal year.

Insider Activity

In other Walmart news, EVP John D. Rainey sold 2,200 shares of the business's stock in a transaction on Tuesday, July 1st. The stock was sold at an average price of $98.44, for a total value of $216,568.00. Following the completion of the transaction, the executive vice president directly owned 628,318 shares in the company, valued at approximately $61,851,623.92. The trade was a 0.35% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Kathryn J. Mclay sold 28,000 shares of the firm's stock in a transaction on Wednesday, May 21st. The stock was sold at an average price of $97.00, for a total value of $2,716,000.00. Following the sale, the executive vice president owned 1,064,455 shares in the company, valued at $103,252,135. This trade represents a 2.56% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 146,112 shares of company stock valued at $14,080,073 in the last 90 days. Company insiders own 45.58% of the company's stock.

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.

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