Walmart Inc. (NYSE:WMT) Shares Bought by Goldstone Financial Group LLC

Goldstone Financial Group LLC lifted its holdings in Walmart Inc. (NYSE:WMT) by 18.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,377 shares of the retailer’s stock after buying an additional 834 shares during the quarter. Goldstone Financial Group LLC’s holdings in Walmart were worth $486,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of WMT. Kozak & Associates Inc. lifted its holdings in Walmart by 22.3% in the fourth quarter. Kozak & Associates Inc. now owns 619 shares of the retailer’s stock worth $56,000 after purchasing an additional 113 shares during the period. Summit Financial Wealth Advisors LLC raised its position in shares of Walmart by 0.5% during the 3rd quarter. Summit Financial Wealth Advisors LLC now owns 23,720 shares of the retailer’s stock worth $1,915,000 after buying an additional 118 shares in the last quarter. Lowe Wealth Advisors LLC lifted its stake in shares of Walmart by 13.5% in the 4th quarter. Lowe Wealth Advisors LLC now owns 1,018 shares of the retailer’s stock worth $92,000 after acquiring an additional 121 shares during the period. Providence Wealth Advisors LLC boosted its holdings in shares of Walmart by 0.3% in the third quarter. Providence Wealth Advisors LLC now owns 43,549 shares of the retailer’s stock valued at $3,591,000 after acquiring an additional 122 shares in the last quarter. Finally, 3Chopt Investment Partners LLC boosted its holdings in shares of Walmart by 0.4% in the third quarter. 3Chopt Investment Partners LLC now owns 32,633 shares of the retailer’s stock valued at $2,635,000 after acquiring an additional 124 shares in the last quarter. Institutional investors and hedge funds own 26.76% of the company’s stock.

Insider Activity

In related news, Director Robert Edward Jr. Moritz bought 5,446 shares of the company’s stock in a transaction dated Wednesday, November 27th. The stock was acquired at an average cost of $91.81 per share, with a total value of $499,997.26. Following the acquisition, the director now owns 7,805 shares in the company, valued at approximately $716,577.05. This represents a 230.86 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO C Douglas Mcmillon sold 29,124 shares of the business’s stock in a transaction on Thursday, October 24th. The shares were sold at an average price of $82.79, for a total value of $2,411,175.96. Following the completion of the sale, the chief executive officer now directly owns 3,843,929 shares in the company, valued at approximately $318,238,881.91. This represents a 0.75 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 140,177 shares of company stock worth $12,478,149. 45.58% of the stock is currently owned by corporate insiders.

Walmart Stock Performance

NYSE WMT opened at $92.02 on Friday. The company’s fifty day moving average is $91.01 and its two-hundred day moving average is $81.10. The firm has a market capitalization of $739.19 billion, a price-to-earnings ratio of 37.76, a P/E/G ratio of 4.41 and a beta of 0.55. 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 Inc. has a 52-week low of $53.44 and a 52-week high of $96.18.

Walmart (NYSE:WMT) last issued its quarterly 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 firm had revenue of $169.59 billion for the quarter, compared to analyst estimates of $167.69 billion. During the same period in the previous year, the company posted $0.51 earnings per share. The company’s quarterly revenue was up 5.5% compared to the same quarter last year. Equities research analysts forecast that Walmart Inc. will post 2.47 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on WMT. Piper Sandler upped their target price on Walmart from $83.00 to $93.00 and gave the stock an “overweight” rating in a research report on Monday, November 18th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $105.00 target price on shares of Walmart in a research note on Wednesday. Telsey Advisory Group boosted their price target on shares of Walmart from $92.00 to $100.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 19th. UBS Group lifted their price objective on shares of Walmart from $92.00 to $100.00 and gave the stock a “buy” rating in a research note on Wednesday, November 20th. Finally, Morgan Stanley increased their target price on shares of Walmart from $89.00 to $100.00 and gave the company an “overweight” rating in a research note on Wednesday, November 20th. Two analysts have rated the stock with a hold rating, twenty-nine have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Walmart has an average rating of “Moderate Buy” and an average target price of $94.49.

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.