PrairieView Partners LLC Increases Stake in Walmart Inc. (NYSE:WMT)

PrairieView Partners LLC grew its stake in shares of Walmart Inc. (NYSE:WMT) by 134.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,360 shares of the retailer’s stock after buying an additional 780 shares during the period. PrairieView Partners LLC’s holdings in Walmart were worth $122,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently modified their holdings of the company. Peterson Financial Group Inc. purchased a new stake in Walmart in the 3rd quarter worth $26,000. Fiduciary Advisors Inc. purchased a new stake in shares of Walmart in the fourth quarter worth about $27,000. Voisard Asset Management Group Inc. boosted its stake in Walmart by 77.3% during the third quarter. Voisard Asset Management Group Inc. now owns 399 shares of the retailer’s stock valued at $32,000 after buying an additional 174 shares during the last quarter. Decker Retirement Planning Inc. purchased a new position in Walmart during the 4th quarter valued at approximately $32,000. Finally, Livelsberger Financial Advisory bought a new stake in Walmart in the 3rd quarter worth approximately $36,000. Hedge funds and other institutional investors own 26.76% of the company’s stock.

Walmart Stock Up 1.4 %

Shares of NYSE:WMT opened at $105.10 on Friday. 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 business’s 50 day moving average is $94.63 and its 200 day moving average is $84.95. The stock has a market cap of $844.29 billion, a P/E ratio of 43.13, a price-to-earnings-growth ratio of 4.25 and a beta of 0.55. Walmart Inc. has a 52-week low of $55.85 and a 52-week high of $105.24.

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 firm 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%. The business’s revenue for the quarter was up 5.5% on a year-over-year basis. During the same quarter last year, the firm posted $0.51 earnings per share. Sell-side analysts predict that Walmart Inc. will post 2.48 EPS for the current year.

Insider Activity

In related news, Director Robert Edward Jr. Moritz bought 5,446 shares of the company’s stock in a transaction on Wednesday, November 27th. The shares were acquired at an average price of $91.81 per share, with a total value of $499,997.26. Following the transaction, the director now owns 7,805 shares of the company’s stock, valued at $716,577.05. The trade was a 230.86 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO C Douglas Mcmillon sold 29,124 shares of the business’s stock in a transaction on Wednesday, November 27th. The stock was 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 directly 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 ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 175,177 shares of company stock worth $16,403,728. 45.58% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

WMT has been the subject of a number of research reports. UBS Group increased their target price on Walmart from $100.00 to $113.00 and gave the company a “buy” rating in a research report on Friday, January 31st. KeyCorp lifted their price objective on shares of Walmart from $96.00 to $100.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 11th. Citigroup boosted their target price on shares of Walmart from $98.00 to $120.00 and gave the stock a “buy” rating in a report on Tuesday. Morgan Stanley reaffirmed an “overweight” rating and issued a $115.00 price target (up previously from $106.00) on shares of Walmart in a report on Thursday. Finally, Stifel Nicolaus boosted their price objective on Walmart from $89.00 to $94.00 and gave the stock a “hold” rating in a research note on Tuesday, December 10th. Two equities research analysts have rated the stock with a hold rating, twenty-nine have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, Walmart has a consensus rating of “Moderate Buy” and an average price target of $98.85.

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.