Walmart Inc. (NYSE:WMT) Shares Purchased by Private Wealth Management Group LLC

Private Wealth Management Group LLC raised its stake in shares of Walmart Inc. (NYSE:WMT) by 18.4% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,009 shares of the retailer’s stock after buying an additional 157 shares during the quarter. Private Wealth Management Group LLC’s holdings in Walmart were worth $91,000 at the end of the most recent reporting period.

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

Insider Activity at Walmart

In other Walmart news, CEO C Douglas Mcmillon sold 29,124 shares of the company’s stock in a transaction dated 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 in the company, valued at approximately $348,825,769.20. This represents a 0.76 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Robert Edward Jr. Moritz acquired 5,446 shares of the firm’s stock in a transaction that occurred on Wednesday, November 27th. The stock was acquired at an average cost of $91.81 per share, with a total value of $499,997.26. Following the completion of the acquisition, the director now directly owns 7,805 shares in the company, valued at approximately $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 ninety days, insiders have sold 175,177 shares of company stock valued at $16,403,728. Corporate insiders own 45.58% of the company’s stock.

Walmart Price Performance

Shares of WMT stock opened at $101.17 on Friday. The firm has a fifty day moving average of $93.89 and a two-hundred day moving average of $83.95. The firm has a market cap of $812.73 billion, a P/E ratio of 41.52, a P/E/G ratio of 4.49 and a beta of 0.55. Walmart Inc. has a 1-year low of $55.85 and a 1-year high of $103.11. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.85 and a quick ratio of 0.23.

Walmart (NYSE:WMT) last announced its quarterly earnings data on Tuesday, November 19th. The retailer reported $0.58 earnings per share for the quarter, beating the consensus estimate 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 analyst estimates of $167.69 billion. During the same period in the previous year, the company earned $0.51 earnings per share. Walmart’s quarterly revenue was up 5.5% on a year-over-year basis. As a group, research analysts anticipate that Walmart Inc. will post 2.48 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research firms have commented on WMT. Tigress Financial lifted 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. Stifel Nicolaus upped their price target on shares of Walmart from $89.00 to $94.00 and gave the stock a “hold” rating in a research report on Tuesday, December 10th. Evercore ISI lifted their price target on shares of Walmart from $94.00 to $96.00 and gave the company an “outperform” rating in a report on Tuesday, December 3rd. Wells Fargo & Company upped their price objective on Walmart from $100.00 to $108.00 and gave the stock an “overweight” rating in a report on Monday, February 3rd. Finally, UBS Group lifted their target price on Walmart from $100.00 to $113.00 and gave the company a “buy” rating in a report on Friday, January 31st. Two investment 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. According to MarketBeat, Walmart currently has a consensus rating of “Moderate Buy” and an average price target of $96.01.

About Walmart

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.