Walmart Inc. (NYSE:WMT) Shares Bought by Vivid Wealth Management LLC

Vivid Wealth Management LLC raised its position in Walmart Inc. (NYSE:WMT) by 51.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,261 shares of the retailer’s stock after acquiring an additional 3,161 shares during the quarter. Vivid Wealth Management LLC’s holdings in Walmart were worth $837,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of WMT. Jennison Associates LLC grew its position in Walmart by 479.6% in the 3rd quarter. Jennison Associates LLC now owns 18,479,259 shares of the retailer’s stock valued at $1,492,200,000 after acquiring an additional 15,290,936 shares in the last quarter. FMR LLC grew its position 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 buying an additional 7,200,004 shares in the last quarter. International Assets Investment Management LLC grew its position in shares of Walmart by 8,814.4% during the third quarter. International Assets Investment Management LLC now owns 6,963,218 shares of the retailer’s stock worth $562,280,000 after buying an additional 6,885,106 shares in the last quarter. Geode Capital Management LLC grew its position in shares of Walmart by 3.3% during the third quarter. Geode Capital Management LLC now owns 87,617,409 shares of the retailer’s stock worth $7,048,465,000 after buying an additional 2,786,061 shares in the last quarter. Finally, Fisher Asset Management LLC grew its position in shares of Walmart by 4.6% during the third quarter. Fisher Asset Management LLC now owns 47,659,844 shares of the retailer’s stock worth $3,848,533,000 after buying an additional 2,107,197 shares in the last quarter. 26.76% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Walmart

In other Walmart news, Director Robert Edward Jr. Moritz acquired 5,446 shares of the company’s stock in a transaction that occurred on Wednesday, November 27th. The shares were purchased at an average price 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 of the company’s stock, valued at approximately $716,577.05. The trade was a 230.86 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO C Douglas Mcmillon sold 29,124 shares of the company’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 transaction, the chief executive officer now directly owns 3,814,805 shares in the company, valued at $348,825,769.20. This represents a 0.76 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 175,177 shares of company stock worth $16,403,728 over the last 90 days. 45.58% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the company. Telsey Advisory Group boosted their price objective on Walmart from $105.00 to $115.00 and gave the stock an “outperform” rating in a research report on Wednesday. JPMorgan Chase & Co. boosted their price objective on Walmart from $97.00 to $112.00 and gave the stock an “overweight” rating in a research report on Monday, February 10th. Guggenheim boosted their price objective on Walmart from $90.00 to $100.00 and gave the stock a “buy” rating in a research report on Wednesday, November 20th. Sanford C. Bernstein boosted their price objective on Walmart from $98.00 to $102.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 20th. Finally, Piper Sandler boosted their price objective on Walmart from $83.00 to $93.00 and gave the stock an “overweight” rating in a research report on Monday, November 18th. 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 company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $99.17.

Walmart Price Performance

Walmart stock opened at $104.04 on Friday. Walmart Inc. has a 12 month low of $55.99 and a 12 month high of $105.30. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.85 and a quick ratio of 0.23. The business has a 50 day simple moving average of $94.99 and a 200-day simple moving average of $85.33. The stock has a market capitalization of $835.78 billion, a PE ratio of 42.70, a price-to-earnings-growth ratio of 4.25 and a beta of 0.55.

Walmart (NYSE:WMT) last released 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. Walmart had a return on equity of 21.78% and a net margin of 2.92%. The business had revenue of $169.59 billion during the quarter, compared to analysts’ expectations of $167.69 billion. During the same quarter in the prior year, the business earned $0.51 earnings per share. The company’s quarterly revenue was up 5.5% compared to the same quarter last year. Equities analysts predict that Walmart Inc. will post 2.48 earnings per share 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.