Hoge Financial Services LLC Makes New Investment in Walmart Inc. (NYSE:WMT)

Hoge Financial Services LLC acquired a new stake in shares of Walmart Inc. (NYSE:WMT) during the fourth quarter, HoldingsChannel reports. The firm acquired 3,067 shares of the retailer’s stock, valued at approximately $277,000.

Other large investors have also modified their holdings of the company. Peterson Financial Group Inc. acquired a new position in shares of Walmart in the 3rd quarter valued at $26,000. Fiduciary Advisors Inc. acquired a new position in Walmart in the fourth quarter worth about $27,000. Voisard Asset Management Group Inc. lifted 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 worth $32,000 after purchasing an additional 174 shares during the period. Decker Retirement Planning Inc. acquired a new stake in Walmart during the fourth quarter valued at approximately $32,000. Finally, Livelsberger Financial Advisory bought a new stake in shares of Walmart in the 3rd quarter valued at approximately $36,000. 26.76% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts recently commented on WMT shares. Bank of America boosted their price target on Walmart from $95.00 to $105.00 and gave the company a “buy” rating in a research note on Wednesday, November 20th. TD Cowen increased their target price on shares of Walmart from $90.00 to $100.00 and gave the stock a “buy” rating in a research report on Wednesday, November 20th. Telsey Advisory Group boosted their price target on shares of Walmart from $105.00 to $115.00 and gave the company an “outperform” rating in a research report on Wednesday, February 12th. Evercore ISI raised their price objective on shares of Walmart from $94.00 to $96.00 and gave the stock an “outperform” rating in a report on Tuesday, December 3rd. Finally, Truist Financial lifted their target price on shares of Walmart from $98.00 to $111.00 and gave the company a “buy” rating in a research note on Tuesday, February 11th. Two equities research analysts have rated the stock with a hold rating, twenty-nine have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $100.53.

Insiders Place Their Bets

In other Walmart news, CEO C Douglas Mcmillon sold 29,124 shares of the firm’s stock in a transaction that occurred 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 sale, the chief executive officer now directly owns 3,814,805 shares in the company, valued at approximately $348,825,769.20. This trade represents a 0.76 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP John D. Rainey sold 38,000 shares of the company’s stock in a transaction that occurred 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 transaction, the executive vice president now owns 257,281 shares of the company’s stock, valued at $25,419,362.80. This trade represents a 12.87 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 175,177 shares of company stock worth $16,403,728. Corporate insiders own 45.58% of the company’s stock.

Walmart Stock Performance

Shares of WMT stock opened at $104.04 on Monday. The stock has a market cap 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. The stock has a 50-day moving average of $94.99 and a 200-day moving average of $85.44. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.85 and a quick ratio of 0.23. Walmart Inc. has a one year low of $55.99 and a one year high of $105.30.

Walmart (NYSE:WMT) last posted its earnings results 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. Walmart had a net margin of 2.92% and a return on equity of 21.78%. The company had revenue of $169.59 billion for the quarter, compared to analyst estimates of $167.69 billion. During the same period last year, the business posted $0.51 earnings per share. The business’s revenue for the quarter was up 5.5% compared to the same quarter last year. As a group, sell-side analysts expect that Walmart Inc. will post 2.48 earnings per share for the current year.

About Walmart

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.