Redhawk Wealth Advisors Inc. Grows Position in Walmart Inc. (NYSE:WMT)

Redhawk Wealth Advisors Inc. boosted its stake in shares of Walmart Inc. (NYSE:WMT) by 3.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 12,920 shares of the retailer’s stock after purchasing an additional 382 shares during the period. Redhawk Wealth Advisors Inc.’s holdings in Walmart were worth $1,167,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Peterson Financial Group Inc. acquired a new position in shares of Walmart in the 3rd quarter valued at about $26,000. Voisard Asset Management Group Inc. lifted 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 in the last quarter. Hoese & Co LLP acquired a new position in Walmart during the third quarter valued at approximately $33,000. Livelsberger Financial Advisory purchased a new stake in Walmart during the third quarter worth approximately $36,000. Finally, Hara Capital LLC acquired a new stake in shares of Walmart in the third quarter worth $37,000. Institutional investors and hedge funds own 26.76% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently weighed in on WMT shares. Roth Mkm upped their price target on shares of Walmart from $81.00 to $97.00 and gave the stock a “buy” rating in a research report on Wednesday, November 20th. Wells Fargo & Company upped their target price on Walmart from $96.00 to $100.00 and gave the stock an “overweight” rating in a research report on Friday, January 10th. Melius Research started coverage on Walmart in a report on Monday, September 23rd. They set a “buy” rating and a $95.00 target price on the stock. Jefferies Financial Group increased their price objective 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. Finally, Barclays upped their target price on shares of Walmart from $90.00 to $98.00 and gave the company an “overweight” rating in a research note on Thursday, January 9th. Two research analysts have rated the stock with a hold rating, twenty-nine have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Walmart has an average rating of “Moderate Buy” and a consensus target price of $94.49.

Insiders Place Their Bets

In other news, Director Robert Edward Jr. Moritz acquired 5,446 shares of the business’s stock in a transaction dated Wednesday, November 27th. The stock was acquired at an average price of $91.81 per share, for a total transaction of $499,997.26. Following the completion of the acquisition, the director now directly owns 7,805 shares in the company, valued at $716,577.05. This represents a 230.86 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this link. Also, CEO C Douglas Mcmillon sold 29,124 shares of Walmart stock in a transaction dated Thursday, December 26th. The stock was 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 directly owns 3,785,702 shares in the company, valued at approximately $349,609,579.70. The trade was a 0.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 138,347 shares of company stock worth $12,311,491. 45.58% of the stock is owned by corporate insiders.

Walmart Stock Performance

Shares of WMT stock opened at $91.39 on Thursday. Walmart Inc. has a 12-month low of $53.44 and a 12-month high of $96.18. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.85 and a quick ratio of 0.23. The firm has a market capitalization of $734.17 billion, a price-to-earnings ratio of 37.51, a price-to-earnings-growth ratio of 4.41 and a beta of 0.55. The business has a 50 day simple moving average of $90.70 and a 200 day simple moving average of $80.96.

Walmart (NYSE:WMT) last issued its quarterly earnings results on Tuesday, November 19th. The retailer reported $0.58 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 analyst estimates of $167.69 billion. Walmart had a return on equity of 21.78% and a net margin of 2.92%. The company’s quarterly revenue was up 5.5% compared to the same quarter last year. During the same period last year, the company earned $0.51 earnings per share. On average, equities research analysts anticipate that Walmart Inc. will post 2.47 EPS 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.