IFS Advisors LLC Has $84,000 Holdings in Walmart Inc. (NYSE:WMT)

IFS Advisors LLC raised its stake in shares of Walmart Inc. (NYSE:WMT) by 3,000.0% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 930 shares of the retailer’s stock after purchasing an additional 900 shares during the period. Walmart makes up approximately 0.1% of IFS Advisors LLC’s portfolio, making the stock its 26th biggest holding. IFS Advisors LLC’s holdings in Walmart were worth $84,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Heritage Family Offices LLP lifted its stake in Walmart by 4.9% during the 4th quarter. Heritage Family Offices LLP now owns 6,405 shares of the retailer’s stock valued at $579,000 after acquiring an additional 300 shares in the last quarter. Financial Enhancement Group LLC bought a new position in shares of Walmart during the fourth quarter valued at about $366,000. Flywheel Private Wealth LLC bought a new position in shares of Walmart during the fourth quarter valued at about $607,000. Winch Advisory Services LLC boosted its holdings in Walmart by 13.1% during the fourth quarter. Winch Advisory Services LLC now owns 11,743 shares of the retailer’s stock worth $1,061,000 after purchasing an additional 1,356 shares during the last quarter. Finally, Smith Thornton Advisors LLC grew its position in Walmart by 11.0% in the 4th quarter. Smith Thornton Advisors LLC now owns 18,448 shares of the retailer’s stock worth $1,667,000 after purchasing an additional 1,828 shares in the last quarter. 26.76% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

WMT has been the topic of a number of research analyst reports. Piper Sandler boosted their target price on Walmart from $83.00 to $93.00 and gave the stock an “overweight” rating in a research note on Monday, November 18th. KeyCorp boosted their price objective on Walmart from $96.00 to $100.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 11th. BMO Capital Markets raised their target price on Walmart from $80.00 to $100.00 and gave the company an “outperform” rating in a research report on Monday, November 18th. Tigress Financial boosted their price target on shares of Walmart from $86.00 to $115.00 and gave the stock a “buy” rating in a report on Friday, December 13th. Finally, Truist Financial raised their price objective on shares of Walmart from $89.00 to $98.00 and gave the stock a “buy” rating in a report on Wednesday, November 20th. Two research analysts have rated the stock with a hold rating, twenty-nine have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $94.49.

Insider Transactions at Walmart

In other Walmart news, CEO C Douglas Mcmillon sold 29,124 shares of the firm’s stock in a transaction dated Thursday, October 24th. The stock was sold at an average price of $82.79, for a total transaction of $2,411,175.96. Following the sale, the chief executive officer now owns 3,843,929 shares in the company, valued at $318,238,881.91. This trade represents a 0.75 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Robert Edward Jr. Moritz purchased 5,446 shares of the company’s stock in a transaction on Wednesday, November 27th. The shares were purchased at an average cost of $91.81 per share, with a total value of $499,997.26. Following the purchase, the director now 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 disclosure for this purchase can be found here. In the last ninety days, insiders sold 138,347 shares of company stock valued at $12,311,491. Insiders own 45.58% of the company’s stock.

Walmart Stock Performance

NYSE:WMT opened at $91.33 on Friday. The stock has a market cap of $733.70 billion, a P/E ratio of 37.48, a PEG ratio of 4.41 and a beta of 0.55. The company has a quick ratio of 0.23, a current ratio of 0.85 and a debt-to-equity ratio of 0.42. The business’s 50-day moving average price is $90.86 and its two-hundred day moving average price is $81.03. Walmart Inc. has a twelve month low of $53.44 and a twelve month high of $96.18.

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. Walmart had a net margin of 2.92% and a return on equity of 21.78%. The business had revenue of $169.59 billion for the quarter, compared to the consensus estimate of $167.69 billion. During the same period last year, the firm posted $0.51 earnings per share. Walmart’s quarterly revenue was up 5.5% on a year-over-year basis. As a group, equities analysts predict that Walmart Inc. will post 2.47 EPS for the current fiscal 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.