Union Bancaire Privee UBP SA Takes Position in Walmart Inc. (NYSE:WMT)

Union Bancaire Privee UBP SA purchased a new stake in shares of Walmart Inc. (NYSE:WMT) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 119,368 shares of the retailer’s stock, valued at approximately $10,645,000.

Other large investors also recently modified their holdings of the company. Dakota Community Bank & Trust NA boosted its position in Walmart by 4.0% during the 4th quarter. Dakota Community Bank & Trust NA now owns 2,879 shares of the retailer’s stock worth $260,000 after acquiring an additional 110 shares during the period. Kozak & Associates Inc. boosted its position in Walmart by 22.3% during the 4th quarter. Kozak & Associates Inc. now owns 619 shares of the retailer’s stock worth $56,000 after acquiring an additional 113 shares during the period. Summit Financial Wealth Advisors LLC boosted its position in 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 acquiring an additional 118 shares during the period. Lowe Wealth Advisors LLC raised its stake in shares of Walmart by 13.5% during the 4th quarter. Lowe Wealth Advisors LLC now owns 1,018 shares of the retailer’s stock worth $92,000 after purchasing an additional 121 shares in the last quarter. Finally, Moody Lynn & Lieberson LLC raised its stake in shares of Walmart by 0.9% during the 4th quarter. Moody Lynn & Lieberson LLC now owns 13,903 shares of the retailer’s stock worth $1,256,000 after purchasing an additional 121 shares in the last quarter. 26.76% of the stock is owned by institutional investors and hedge funds.

Walmart Price Performance

Shares of NYSE:WMT opened at $97.36 on Wednesday. Walmart Inc. has a 1-year low of $54.51 and a 1-year high of $97.84. The firm has a market capitalization of $782.16 billion, a PE ratio of 39.96, a PEG ratio of 4.42 and a beta of 0.55. The business’s 50 day moving average is $92.29 and its 200-day moving average is $82.49. The company has a current ratio of 0.85, a quick ratio of 0.23 and a debt-to-equity ratio of 0.42.

Walmart (NYSE:WMT) last announced its quarterly earnings results on Tuesday, November 19th. The retailer reported $0.58 EPS for the quarter, beating the consensus estimate of $0.53 by $0.05. The business had revenue of $169.59 billion for the quarter, compared to analyst estimates of $167.69 billion. Walmart had a return on equity of 21.78% and a net margin of 2.92%. Walmart’s quarterly revenue was up 5.5% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.51 EPS. Sell-side analysts predict that Walmart Inc. will post 2.48 earnings per share for the current year.

Insider Activity at Walmart

In other Walmart news, EVP John D. Rainey sold 3,000 shares of Walmart stock in a transaction on Friday, November 1st. The stock was sold at an average price of $82.12, for a total value of $246,360.00. Following the completion of the transaction, the executive vice president now owns 378,165 shares in the company, valued at approximately $31,054,909.80. The trade was a 0.79 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO C Douglas Mcmillon sold 29,124 shares of Walmart stock in a transaction 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 approximately $348,825,769.20. The trade was a 0.76 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 140,177 shares of company stock valued at $12,895,688 in the last 90 days. 45.58% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on WMT shares. Tigress Financial raised their price target on Walmart from $86.00 to $115.00 and gave the stock a “buy” rating in a research note on Friday, December 13th. BMO Capital Markets raised their price target on Walmart from $80.00 to $100.00 and gave the stock an “outperform” rating in a research note on Monday, November 18th. Truist Financial raised their price target on Walmart from $89.00 to $98.00 and gave the stock a “buy” rating in a research note on Wednesday, November 20th. DZ Bank downgraded Walmart from a “buy” rating to a “hold” rating and set a $91.00 price target for the company. in a research note on Thursday, November 21st. Finally, KeyCorp raised their price objective on Walmart from $96.00 to $100.00 and gave the company an “overweight” rating in a research note on Wednesday, December 11th. 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 MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target 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.