Walmart Inc. (NYSE:WMT) Shares Acquired by MinichMacGregor Wealth Management LLC

MinichMacGregor Wealth Management LLC lifted its position in shares of Walmart Inc. (NYSE:WMT) by 27.4% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 7,975 shares of the retailer’s stock after buying an additional 1,713 shares during the quarter. MinichMacGregor Wealth Management LLC’s holdings in Walmart were worth $724,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in WMT. Raleigh Capital Management Inc. raised its stake in Walmart by 5.7% in the 4th quarter. Raleigh Capital Management Inc. now owns 13,855 shares of the retailer’s stock valued at $1,252,000 after purchasing an additional 741 shares during the last quarter. True North Advisors LLC raised its stake in Walmart by 11.4% in the 4th quarter. True North Advisors LLC now owns 11,929 shares of the retailer’s stock valued at $1,078,000 after purchasing an additional 1,225 shares during the last quarter. Traynor Capital Management Inc. raised its stake in Walmart by 6.0% in the 4th quarter. Traynor Capital Management Inc. now owns 24,449 shares of the retailer’s stock valued at $2,209,000 after purchasing an additional 1,385 shares during the last quarter. Independent Wealth Network Inc. raised its stake in Walmart by 4.2% in the 4th quarter. Independent Wealth Network Inc. now owns 5,568 shares of the retailer’s stock valued at $503,000 after purchasing an additional 222 shares during the last quarter. Finally, Janney Montgomery Scott LLC raised its stake in Walmart by 0.6% in the 4th quarter. Janney Montgomery Scott LLC now owns 2,388,709 shares of the retailer’s stock valued at $215,820,000 after purchasing an additional 14,501 shares during the last quarter. Institutional investors and hedge funds own 26.76% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the stock. Truist Financial boosted their target price on shares of Walmart from $89.00 to $98.00 and gave the company a “buy” rating in a research note on Wednesday, November 20th. Wells Fargo & Company lifted their price target on Walmart from $96.00 to $100.00 and gave the company an “overweight” rating in a report on Friday, January 10th. Royal Bank of Canada restated an “outperform” rating and issued a $105.00 price target on shares of Walmart in a report on Wednesday, January 15th. Telsey Advisory Group lifted their price target on Walmart from $92.00 to $100.00 and gave the company an “outperform” rating in a report on Tuesday, November 19th. Finally, Robert W. Baird lifted their price target on Walmart from $90.00 to $100.00 and gave the company an “outperform” rating in a report on Wednesday, November 20th. Two equities research analysts have rated the stock with a hold rating, twenty-nine have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $94.69.

Walmart Stock Performance

Shares of WMT opened at $94.84 on Friday. The business’s 50 day moving average is $91.81 and its two-hundred day moving average is $81.95. Walmart Inc. has a 52-week low of $53.47 and a 52-week high of $96.18. The firm has a market cap of $761.90 billion, a price-to-earnings ratio of 38.92, a PEG ratio of 4.42 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.

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 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 company had revenue of $169.59 billion for the quarter, compared to analyst estimates of $167.69 billion. During the same period in the prior year, the company posted $0.51 EPS. Walmart’s quarterly revenue was up 5.5% on a year-over-year basis. Analysts forecast that Walmart Inc. will post 2.48 EPS for the current fiscal year.

Insider Activity at Walmart

In related news, CEO C Douglas Mcmillon sold 29,124 shares of the company’s stock in a transaction that occurred on Wednesday, November 27th. The stock was sold at an average price of $91.44, for a total transaction of $2,663,098.56. Following the sale, the chief executive officer now directly owns 3,814,805 shares of the company’s stock, valued at approximately $348,825,769.20. This represents a 0.76 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Robert Edward Jr. Moritz purchased 5,446 shares of the company’s stock in a transaction that occurred on Wednesday, November 27th. The shares were purchased at an average cost of $91.81 per share, for a total transaction of $499,997.26. Following the completion of the transaction, 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 disclosure for this purchase can be found here. In the last ninety days, insiders have sold 140,177 shares of company stock valued at $12,895,688. Corporate insiders own 45.58% of the company’s stock.

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.