Spartan Planning & Wealth Management Purchases New Position in Walmart Inc. (NYSE:WMT)

Spartan Planning & Wealth Management acquired a new stake in shares of Walmart Inc. (NYSE:WMT) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 8,650 shares of the retailer’s stock, valued at approximately $782,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Regent Peak Wealth Advisors LLC boosted its stake in shares of Walmart by 1.3% during the 4th quarter. Regent Peak Wealth Advisors LLC now owns 17,325 shares of the retailer’s stock worth $1,565,000 after acquiring an additional 226 shares during the last quarter. Bank of New Hampshire lifted its position in Walmart by 13.7% during the fourth quarter. Bank of New Hampshire now owns 47,949 shares of the retailer’s stock valued at $4,332,000 after purchasing an additional 5,786 shares in the last quarter. Canandaigua National Trust Co of Florida grew its holdings in Walmart by 41.7% during the fourth quarter. Canandaigua National Trust Co of Florida now owns 4,213 shares of the retailer’s stock valued at $381,000 after purchasing an additional 1,240 shares during the period. Fortem Financial Group LLC increased its position in Walmart by 3.1% in the fourth quarter. Fortem Financial Group LLC now owns 16,761 shares of the retailer’s stock worth $1,514,000 after buying an additional 508 shares in the last quarter. Finally, Kozak & Associates Inc. raised its stake in shares of Walmart by 22.3% in the fourth quarter. Kozak & Associates Inc. now owns 619 shares of the retailer’s stock worth $56,000 after buying an additional 113 shares during the period. 26.76% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Walmart

In related news, CEO C Douglas Mcmillon sold 29,124 shares of the firm’s stock in a transaction dated Thursday, December 26th. The shares were sold at an average price of $92.35, for a total value of $2,689,601.40. Following the transaction, the chief executive officer now owns 3,785,702 shares of the company’s stock, valued at $349,609,579.70. This trade represents a 0.76 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Daniel J. Bartlett sold 2,065 shares of the business’s stock in a transaction dated Tuesday, October 15th. The shares were sold at an average price of $80.69, for a total transaction of $166,624.85. Following the completion of the sale, the executive vice president now directly owns 457,493 shares of the company’s stock, valued at approximately $36,915,110.17. This trade represents a 0.45 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 140,412 shares of company stock worth $12,478,116. 45.58% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of equities research analysts have commented on WMT shares. Piper Sandler raised their target price on shares of Walmart from $83.00 to $93.00 and gave the stock an “overweight” rating in a research note on Monday, November 18th. TD Cowen upped their target price on shares of Walmart from $90.00 to $100.00 and gave the stock a “buy” rating in a report on Wednesday, November 20th. Sanford C. Bernstein raised their price target on Walmart from $98.00 to $102.00 and gave the company an “outperform” rating in a report on Wednesday, November 20th. DZ Bank cut Walmart from a “buy” rating to a “hold” rating and set a $91.00 target price for the company. in a research report on Thursday, November 21st. Finally, Citigroup boosted their price target on Walmart from $75.00 to $98.00 and gave the stock a “buy” rating in a report on Friday, September 27th. Two investment analysts have rated the stock with a hold rating, twenty-nine have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Walmart currently has an average rating of “Moderate Buy” and an average price target of $93.69.

Walmart Trading Down 0.4 %

Shares of Walmart stock traded down $0.35 during trading on Tuesday, hitting $91.08. The stock had a trading volume of 5,018,600 shares, compared to its average volume of 11,249,854. The stock has a market cap of $731.68 billion, a PE ratio of 37.38, a PEG ratio of 4.47 and a beta of 0.55. Walmart Inc. has a 12 month low of $52.23 and a 12 month high of $96.18. The firm’s fifty day simple moving average is $89.58 and its 200-day simple moving average is $79.96. 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 (NYSE:WMT) last announced its earnings results on Tuesday, November 19th. The retailer reported $0.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.53 by $0.05. Walmart had a return on equity of 21.78% and a net margin of 2.92%. The business had revenue of $169.59 billion during the quarter, compared to analyst estimates of $167.69 billion. During the same quarter in the previous year, the business earned $0.51 earnings per share. The company’s revenue for the quarter was up 5.5% compared to the same quarter last year. As a group, sell-side analysts expect that Walmart Inc. will post 2.47 EPS for the current fiscal year.

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.