Everhart Financial Group Inc. Raises Holdings in Walmart Inc. (NYSE:WMT)

Everhart Financial Group Inc. boosted its stake in Walmart Inc. (NYSE:WMT) by 5.7% in the 4th quarter, Holdings Channel reports. The firm owned 31,574 shares of the retailer’s stock after buying an additional 1,690 shares during the quarter. Everhart Financial Group Inc.’s holdings in Walmart were worth $2,853,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Peterson Financial Group Inc. acquired a new stake in Walmart in the 3rd quarter valued at $26,000. Fiduciary Advisors Inc. acquired a new stake in Walmart in the 4th quarter valued at $27,000. Voisard Asset Management Group Inc. increased its holdings in Walmart by 77.3% in the 3rd quarter. Voisard Asset Management Group Inc. now owns 399 shares of the retailer’s stock valued at $32,000 after purchasing an additional 174 shares in the last quarter. Decker Retirement Planning Inc. acquired a new stake in Walmart in the 4th quarter valued at $32,000. Finally, Livelsberger Financial Advisory acquired a new stake in Walmart in the 3rd quarter valued at $36,000. 26.76% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Walmart

In related news, EVP Daniel J. Bartlett sold 1,830 shares of the business’s stock in a transaction that occurred 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 sale, the executive vice president now owns 460,705 shares of the company’s stock, valued at $41,956,404.35. The trade was a 0.40 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO C Douglas Mcmillon sold 29,124 shares of the business’s stock in a transaction that occurred 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 sale, the chief executive officer now directly owns 3,814,805 shares in the company, 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. Over the last three months, insiders sold 175,177 shares of company stock worth $16,403,728. Company insiders own 45.58% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently issued reports on the company. Robert W. Baird increased their price target on Walmart from $90.00 to $100.00 and gave the company an “outperform” rating in a report on Wednesday, November 20th. Oppenheimer lifted their target price on Walmart from $100.00 to $110.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 5th. StockNews.com lowered Walmart from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, November 20th. Guggenheim lifted their target price on Walmart from $90.00 to $100.00 and gave the stock a “buy” rating in a research report on Wednesday, November 20th. Finally, Citigroup lifted their target price on Walmart from $98.00 to $120.00 and gave the stock a “buy” rating in a research report on Tuesday, February 11th. Two analysts have rated the stock with a hold rating, twenty-nine have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $99.17.

Walmart Stock Performance

Shares of NYSE WMT opened at $104.04 on Friday. The company has a current ratio of 0.85, a quick ratio of 0.23 and a debt-to-equity ratio of 0.42. The stock has a 50 day simple moving average of $94.99 and a 200-day simple moving average of $85.33. The company has a market cap of $835.78 billion, a PE ratio of 42.70, a P/E/G ratio of 4.25 and a beta of 0.55. Walmart Inc. has a 12-month low of $55.99 and a 12-month high of $105.30.

Walmart (NYSE:WMT) last issued its quarterly earnings data on Tuesday, November 19th. The retailer reported $0.58 earnings per share (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 return on equity of 21.78% and a net margin of 2.92%. The business’s revenue was up 5.5% on a year-over-year basis. During the same period in the previous year, the firm posted $0.51 earnings per share. On average, equities research analysts forecast 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.