Armbruster Capital Management Inc. Buys 178 Shares of Walmart Inc. (NYSE:WMT)

Armbruster Capital Management Inc. boosted its holdings in Walmart Inc. (NYSE:WMT) by 4.2% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 4,395 shares of the retailer’s stock after buying an additional 178 shares during the period. Armbruster Capital Management Inc.’s holdings in Walmart were worth $397,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of WMT. Peterson Financial Group Inc. purchased a new stake in Walmart in the 3rd quarter worth $26,000. Voisard Asset Management Group Inc. increased its stake in Walmart by 77.3% in the 3rd quarter. Voisard Asset Management Group Inc. now owns 399 shares of the retailer’s stock worth $32,000 after buying an additional 174 shares in the last quarter. Decker Retirement Planning Inc. purchased a new stake in Walmart in the 4th quarter worth $32,000. Hoese & Co LLP purchased a new stake in Walmart in the 3rd quarter worth $33,000. Finally, Livelsberger Financial Advisory purchased a new stake in Walmart in the 3rd quarter worth $36,000. Hedge funds and other institutional investors own 26.76% of the company’s stock.

Walmart Stock Performance

Walmart stock opened at $97.36 on Wednesday. The company has a 50 day moving average price of $92.29 and a 200-day moving average price of $82.49. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.23 and a current ratio of 0.85. Walmart Inc. has a fifty-two week low of $54.51 and a fifty-two week high of $97.84. The company has a market capitalization of $782.16 billion, a PE ratio of 39.96, a P/E/G ratio of 4.42 and a beta of 0.55.

Walmart (NYSE:WMT) last issued its quarterly earnings data on Tuesday, November 19th. The retailer reported $0.58 EPS for the quarter, topping analysts’ consensus estimates of $0.53 by $0.05. The company had revenue of $169.59 billion during 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 revenue for the quarter was up 5.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.51 earnings per share. As a group, equities analysts forecast that Walmart Inc. will post 2.48 earnings per share for the current year.

Insider Buying and Selling

In related news, CEO C Douglas Mcmillon sold 29,124 shares of the business’s stock in a transaction that occurred on Wednesday, November 27th. The shares were sold at an average price of $91.44, for a total value of $2,663,098.56. Following the completion of the transaction, the chief executive officer now owns 3,814,805 shares of the company’s stock, valued at $348,825,769.20. The trade was a 0.76 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP John R. Furner sold 13,125 shares of the business’s stock in a transaction that occurred on Thursday, January 23rd. The stock was sold at an average price of $92.96, for a total transaction of $1,220,100.00. Following the completion of the transaction, the executive vice president now directly owns 568,626 shares of the company’s stock, valued at $52,859,472.96. This trade represents a 2.26 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 140,177 shares of company stock valued at $12,895,688 over the last 90 days. Corporate insiders own 45.58% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on WMT. Telsey Advisory Group raised their price objective on Walmart from $92.00 to $100.00 and gave the company an “outperform” rating in a research report on Tuesday, November 19th. DZ Bank lowered Walmart from a “buy” rating to a “hold” rating and set a $91.00 price objective for the company. in a research report on Thursday, November 21st. Barclays raised their price objective on Walmart from $90.00 to $98.00 and gave the company an “overweight” rating in a research report on Thursday, January 9th. Tigress Financial raised their price objective on Walmart from $86.00 to $115.00 and gave the company a “buy” rating in a research report on Friday, December 13th. Finally, Truist Financial raised their price objective on Walmart from $89.00 to $98.00 and gave the company a “buy” rating in a research report on Wednesday, November 20th. Two 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.com, the company presently has an average rating of “Moderate Buy” and an average target price of $94.69.

Walmart 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.