Walmart Inc. (NYSE:WMT) Shares Purchased by Catalyst Financial Partners LLC

Catalyst Financial Partners LLC increased its holdings in shares of Walmart Inc. (NYSE:WMT) by 2.3% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 23,395 shares of the retailer’s stock after acquiring an additional 516 shares during the period. Catalyst Financial Partners LLC’s holdings in Walmart were worth $2,114,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of the business. Guardian Asset Advisors LLC lifted its stake in Walmart by 5.6% in the 4th quarter. Guardian Asset Advisors LLC now owns 31,906 shares of the retailer’s stock valued at $2,883,000 after buying an additional 1,686 shares in the last quarter. Avestar Capital LLC lifted its stake in Walmart by 10.6% in the 4th quarter. Avestar Capital LLC now owns 32,496 shares of the retailer’s stock valued at $2,943,000 after buying an additional 3,124 shares in the last quarter. MGB Wealth Management LLC lifted its stake in Walmart by 3.9% in the 4th quarter. MGB Wealth Management LLC now owns 33,626 shares of the retailer’s stock valued at $3,039,000 after buying an additional 1,274 shares in the last quarter. One Plus One Wealth Management LLC lifted its stake in Walmart by 6.9% in the 4th quarter. One Plus One Wealth Management LLC now owns 4,348 shares of the retailer’s stock valued at $393,000 after buying an additional 281 shares in the last quarter. Finally, Morris Financial Concepts Inc. lifted its stake in Walmart by 17.4% in the 4th quarter. Morris Financial Concepts Inc. now owns 4,019 shares of the retailer’s stock valued at $363,000 after buying an additional 596 shares in the last quarter. 26.76% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, EVP John D. Rainey sold 38,000 shares of Walmart stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $98.80, for a total transaction of $3,754,400.00. Following the completion of the sale, the executive vice president now directly owns 257,281 shares of the company’s stock, valued at approximately $25,419,362.80. The trade was a 12.87 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Robert Edward Jr. Moritz acquired 5,446 shares of the firm’s stock in a transaction dated Wednesday, November 27th. The shares were purchased at an average cost of $91.81 per share, with a total value of $499,997.26. Following the completion of the transaction, the director now owns 7,805 shares in the company, valued at approximately $716,577.05. The trade was a 230.86 % increase in their position. The disclosure for this purchase can be found here. Insiders sold a total of 175,177 shares of company stock worth $16,403,728 over the last 90 days. Corporate insiders own 45.58% of the company’s stock.

Wall Street Analysts Forecast Growth

WMT has been the topic of a number of research reports. KeyCorp raised their price target on shares of Walmart from $96.00 to $100.00 and gave the company an “overweight” rating in a research note on Wednesday, December 11th. Piper Sandler raised their target price on shares of Walmart from $83.00 to $93.00 and gave the stock an “overweight” rating in a research note on Monday, November 18th. StockNews.com lowered shares of Walmart from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, November 20th. TD Cowen raised their target price on shares of Walmart from $90.00 to $100.00 and gave the stock a “buy” rating in a research note on Wednesday, November 20th. Finally, UBS Group raised their target price on shares of Walmart from $100.00 to $113.00 and gave the stock a “buy” rating in a research note on Friday, January 31st. Two 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 data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $99.17.

Walmart Stock Performance

NYSE:WMT opened at $104.04 on Friday. The company has a fifty day simple moving average of $94.83 and a two-hundred day simple moving average of $85.09. The company has a market cap of $835.78 billion, a price-to-earnings ratio of 42.70, a price-to-earnings-growth ratio of 4.25 and a beta of 0.55. The company has a quick ratio of 0.23, a current ratio of 0.85 and a debt-to-equity ratio of 0.42. Walmart Inc. has a 52 week low of $55.99 and a 52 week high of $105.30.

Walmart (NYSE:WMT) last posted its quarterly earnings results on Tuesday, November 19th. The retailer reported $0.58 EPS for the quarter, topping the consensus estimate of $0.53 by $0.05. The business 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%. The company’s quarterly revenue 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 anticipate that Walmart Inc. will post 2.48 earnings per share for the current fiscal year.

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.