Park Capital Management LLC WI Acquires Shares of 11,195 Walmart Inc. (NYSE:WMT)

Park Capital Management LLC WI purchased a new position in shares of Walmart Inc. (NYSE:WMT) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 11,195 shares of the retailer’s stock, valued at approximately $1,011,000. Walmart accounts for about 1.2% of Park Capital Management LLC WI’s portfolio, making the stock its 13th largest position.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Brophy Wealth Management LLC bought a new stake in shares of Walmart during the 3rd quarter worth approximately $2,072,000. Bank of New Hampshire lifted its holdings in shares of Walmart by 13.7% during the 4th quarter. Bank of New Hampshire now owns 47,949 shares of the retailer’s stock worth $4,332,000 after acquiring an additional 5,786 shares during the period. Iowa State Bank lifted its holdings in shares of Walmart by 213.8% during the 4th quarter. Iowa State Bank now owns 26,807 shares of the retailer’s stock worth $2,422,000 after acquiring an additional 18,263 shares during the period. Fisher Asset Management LLC lifted its holdings in shares of Walmart by 4.6% during the 3rd quarter. Fisher Asset Management LLC now owns 47,659,844 shares of the retailer’s stock worth $3,848,533,000 after acquiring an additional 2,107,197 shares during the period. Finally, Virtu Financial LLC bought a new stake in shares of Walmart during the 3rd quarter worth approximately $541,000. Institutional investors own 26.76% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently weighed in on WMT. Wells Fargo & Company upped their price target on shares of Walmart from $100.00 to $108.00 and gave the stock an “overweight” rating in a report on Monday, February 3rd. Truist Financial increased their price objective on shares of Walmart from $98.00 to $111.00 and gave the company a “buy” rating in a research note on Tuesday. JPMorgan Chase & Co. increased their price objective on shares of Walmart from $97.00 to $112.00 and gave the company an “overweight” rating in a research note on Monday. Oppenheimer increased their price objective on shares of Walmart from $100.00 to $110.00 and gave the company an “outperform” rating in a research note on Wednesday, February 5th. Finally, BMO Capital Markets increased their price objective on shares of Walmart from $80.00 to $100.00 and gave the company an “outperform” rating in a research note on Monday, November 18th. Two analysts have rated the stock with a hold rating, twenty-nine have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Walmart has a consensus rating of “Moderate Buy” and a consensus target price of $98.85.

Insider Buying and Selling

In related news, CEO C Douglas Mcmillon sold 29,124 shares of the stock in a transaction on Wednesday, November 27th. The shares were sold at an average price of $91.44, for a total transaction of $2,663,098.56. Following the transaction, the chief executive officer now directly owns 3,814,805 shares of the company’s stock, valued at $348,825,769.20. This represents a 0.76 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Daniel J. Bartlett sold 1,830 shares of the stock in a transaction on Wednesday, January 15th. The stock was sold at an average price of $91.07, for a total transaction of $166,658.10. Following the transaction, the executive vice president now directly owns 460,705 shares in the company, valued at approximately $41,956,404.35. This represents a 0.40 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 175,177 shares of company stock valued at $16,403,728 over the last ninety days. 45.58% of the stock is owned by corporate insiders.

Walmart Trading Up 1.4 %

WMT opened at $105.10 on Friday. Walmart Inc. has a twelve month low of $55.85 and a twelve month high of $105.24. The company has a quick ratio of 0.23, a current ratio of 0.85 and a debt-to-equity ratio of 0.42. The company has a fifty day moving average of $94.63 and a 200-day moving average of $84.95. The stock has a market cap of $844.29 billion, a PE ratio of 43.13, a price-to-earnings-growth ratio of 4.25 and a beta of 0.55.

Walmart (NYSE:WMT) last posted its quarterly earnings data on Tuesday, November 19th. The retailer reported $0.58 earnings per share for the quarter, topping the consensus estimate of $0.53 by $0.05. The company had revenue of $169.59 billion during the quarter, compared to analysts’ expectations 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 period in the prior year, the company posted $0.51 earnings per share. On average, sell-side analysts predict that Walmart Inc. will post 2.48 EPS for the current 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.