Oxinas Partners Wealth Management LLC Raises Stake in Walmart Inc. (NYSE:WMT)

Oxinas Partners Wealth Management LLC increased its holdings in Walmart Inc. (NYSE:WMT) by 1.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 9,071 shares of the retailer’s stock after buying an additional 136 shares during the quarter. Oxinas Partners Wealth Management LLC’s holdings in Walmart were worth $820,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of WMT. Peterson Financial Group Inc. acquired a new stake in Walmart during the third quarter worth about $26,000. Decker Retirement Planning Inc. acquired a new stake in shares of Walmart during the 4th quarter worth approximately $32,000. Voisard Asset Management Group Inc. increased its holdings in shares of Walmart by 77.3% during the 3rd quarter. Voisard Asset Management Group Inc. now owns 399 shares of the retailer’s stock valued at $32,000 after purchasing an additional 174 shares in the last quarter. Hoese & Co LLP acquired a new position in shares of Walmart in the 3rd quarter valued at $33,000. Finally, Livelsberger Financial Advisory purchased a new stake in Walmart during the third quarter worth $36,000. 26.76% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

WMT has been the topic of several recent analyst reports. Truist Financial increased their target price on shares of Walmart from $89.00 to $98.00 and gave the stock a “buy” rating in a research note on Wednesday, November 20th. Jefferies Financial Group raised their price objective on Walmart from $105.00 to $111.00 and gave the company a “buy” rating in a report on Tuesday, December 17th. UBS Group increased their target price on Walmart from $92.00 to $100.00 and gave the company a “buy” rating in a research report on Wednesday, November 20th. Bank of America boosted their price target on shares of Walmart from $95.00 to $105.00 and gave the stock a “buy” rating in a report on Wednesday, November 20th. Finally, DZ Bank downgraded shares of Walmart from a “buy” rating to a “hold” rating and set a $91.00 price objective on the stock. in a report on Thursday, November 21st. Two investment analysts have rated the stock with a hold rating, twenty-nine have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $94.69.

Insider Activity

In other news, EVP John R. Furner sold 13,125 shares of the business’s stock in a transaction dated Wednesday, November 27th. The stock was sold at an average price of $92.00, for a total transaction of $1,207,500.00. Following the completion of the transaction, the executive vice president now directly owns 579,915 shares of the company’s stock, valued at approximately $53,352,180. The trade was a 2.21 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Robert Edward Jr. Moritz bought 5,446 shares of Walmart stock in a transaction that occurred on Wednesday, November 27th. The stock was purchased at an average cost of $91.81 per share, for a total transaction of $499,997.26. Following the acquisition, the director now owns 7,805 shares of the company’s stock, valued at $716,577.05. This represents a 230.86 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last three months, insiders have sold 97,928 shares of company stock valued at $8,978,123. Company insiders own 45.58% of the company’s stock.

Walmart Price Performance

WMT stock opened at $93.26 on Thursday. Walmart Inc. has a 52-week low of $53.44 and a 52-week high of $96.18. 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 stock has a market cap of $749.19 billion, a price-to-earnings ratio of 38.27, a price-to-earnings-growth ratio of 4.36 and a beta of 0.55. The business has a fifty day moving average of $91.47 and a two-hundred day moving average of $81.79.

Walmart (NYSE:WMT) last issued its quarterly earnings data on Tuesday, November 19th. The retailer reported $0.58 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $167.69 billion. During the same period last year, the company earned $0.51 EPS. The company’s quarterly revenue was up 5.5% on a year-over-year basis. As a group, research analysts anticipate that Walmart Inc. will post 2.47 earnings per share for the current 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.