Walmart Inc. (NYSE:WMT) Shares Bought by GSB Wealth Management LLC

GSB Wealth Management LLC raised its position in Walmart Inc. (NYSE:WMT) by 2.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,543 shares of the retailer’s stock after acquiring an additional 127 shares during the quarter. GSB Wealth Management LLC’s holdings in Walmart were worth $410,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the company. Geode Capital Management LLC raised its position in shares of Walmart by 3.3% in the 3rd quarter. Geode Capital Management LLC now owns 87,617,409 shares of the retailer’s stock valued at $7,048,465,000 after purchasing an additional 2,786,061 shares in the last quarter. FMR LLC lifted its position in shares of Walmart by 12.9% in the 3rd quarter. FMR LLC now owns 63,135,639 shares of the retailer’s stock worth $5,098,203,000 after buying an additional 7,200,004 shares during the last quarter. Fisher Asset Management LLC lifted its position in shares of Walmart by 4.6% in the 3rd quarter. Fisher Asset Management LLC now owns 47,659,844 shares of the retailer’s stock worth $3,848,533,000 after buying an additional 2,107,197 shares during the last quarter. Franklin Resources Inc. raised its position in shares of Walmart by 3.7% during the 3rd quarter. Franklin Resources Inc. now owns 41,501,782 shares of the retailer’s stock worth $3,392,658,000 after purchasing an additional 1,480,927 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its position in shares of Walmart by 1.1% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 31,236,769 shares of the retailer’s stock worth $2,522,369,000 after purchasing an additional 350,881 shares during the period. Institutional investors and hedge funds own 26.76% of the company’s stock.

Insider Buying and Selling

In other Walmart news, EVP John D. Rainey sold 3,000 shares of the stock in a transaction dated Friday, November 1st. The stock was sold at an average price of $82.12, for a total value of $246,360.00. Following the transaction, the executive vice president now owns 378,165 shares of the company’s stock, valued at approximately $31,054,909.80. This represents a 0.79 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP John R. Furner sold 13,125 shares of the company’s stock in a transaction that occurred on Thursday, January 23rd. The shares were sold at an average price of $92.96, for a total transaction of $1,220,100.00. Following the completion of the sale, the executive vice president now directly owns 568,626 shares of the company’s stock, valued at $52,859,472.96. The trade was a 2.26 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 140,177 shares of company stock worth $12,895,688 in the last 90 days. 45.58% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several research firms have recently commented on WMT. KeyCorp upped their price target on shares of Walmart from $96.00 to $100.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 11th. Bank of America upped their price target on shares of Walmart from $95.00 to $105.00 and gave the stock a “buy” rating in a research report on Wednesday, November 20th. Wells Fargo & Company raised their target price on Walmart from $96.00 to $100.00 and gave the company an “overweight” rating in a research report on Friday, January 10th. BMO Capital Markets boosted their price target on Walmart from $80.00 to $100.00 and gave the stock an “outperform” rating in a research report on Monday, November 18th. Finally, Tigress Financial raised their price target on Walmart from $86.00 to $115.00 and gave the company a “buy” rating in a report on Friday, December 13th. Two equities research analysts have rated the stock with a hold rating, twenty-nine have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $94.69.

Walmart Stock Performance

WMT stock opened at $94.84 on Monday. Walmart Inc. has a 12 month low of $53.47 and a 12 month high of $96.18. The firm has a 50 day moving average of $92.02 and a two-hundred day moving average of $82.21. The company has a market capitalization of $761.90 billion, a price-to-earnings ratio of 38.92, a P/E/G 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 quarterly earnings data on Tuesday, November 19th. The retailer reported $0.58 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.53 by $0.05. The business had revenue of $169.59 billion for the quarter, compared to the consensus estimate of $167.69 billion. Walmart had a net margin of 2.92% and a return on equity of 21.78%. Walmart’s quarterly revenue was up 5.5% on a year-over-year basis. During the same quarter last year, the company posted $0.51 earnings per share. As a group, equities analysts anticipate that Walmart Inc. will post 2.48 EPS for the current fiscal 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.