5T Wealth LLC Makes New $1.17 Million Investment in Walmart Inc. (NYSE:WMT)

5T Wealth LLC purchased a new position in shares of Walmart Inc. (NYSE:WMT) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 12,898 shares of the retailer’s stock, valued at approximately $1,165,000.

A number of other hedge funds and other institutional investors have also modified their holdings of WMT. Brophy Wealth Management LLC bought a new stake in shares of Walmart during the 3rd quarter worth $2,072,000. Bank of New Hampshire boosted its holdings in Walmart by 13.7% during the fourth quarter. Bank of New Hampshire now owns 47,949 shares of the retailer’s stock valued at $4,332,000 after acquiring an additional 5,786 shares during the period. Iowa State Bank grew its position in shares of Walmart by 213.8% in the fourth quarter. Iowa State Bank now owns 26,807 shares of the retailer’s stock valued at $2,422,000 after purchasing an additional 18,263 shares during the last quarter. Fisher Asset Management LLC grew its position in shares of Walmart by 4.6% in the third quarter. Fisher Asset Management LLC now owns 47,659,844 shares of the retailer’s stock valued at $3,848,533,000 after purchasing an additional 2,107,197 shares during the last quarter. Finally, Virtu Financial LLC acquired a new position in shares of Walmart during the 3rd quarter worth about $541,000. Institutional investors own 26.76% of the company’s stock.

Walmart Stock Down 1.0 %

Shares of NYSE:WMT opened at $104.04 on Tuesday. Walmart Inc. has a 12 month low of $55.99 and a 12 month high of $105.30. The firm has a market cap of $835.78 billion, a P/E ratio of 42.70, a P/E/G 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. The company’s 50-day moving average price is $94.99 and its two-hundred day moving average price is $85.56.

Walmart (NYSE:WMT) last issued its quarterly earnings results on Tuesday, November 19th. The retailer reported $0.58 earnings per share for the quarter, beating analysts’ consensus estimates of $0.53 by $0.05. Walmart had a net margin of 2.92% and a return on equity of 21.78%. The business had revenue of $169.59 billion during the quarter, compared to analyst estimates of $167.69 billion. During the same quarter last year, the business posted $0.51 earnings per share. Walmart’s revenue for the quarter was up 5.5% compared to the same quarter last year. As a group, research analysts forecast that Walmart Inc. will post 2.48 EPS for the current fiscal year.

Insider Activity

In other Walmart news, Director Robert Edward Jr. Moritz bought 5,446 shares of Walmart stock in a transaction dated Wednesday, November 27th. The shares were bought at an average price of $91.81 per share, with a total value of $499,997.26. Following the purchase, the director now owns 7,805 shares of the company’s stock, valued at $716,577.05. This trade represents a 230.86 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, EVP John D. Rainey sold 38,000 shares of Walmart stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $98.80, for a total transaction of $3,754,400.00. Following the sale, the executive vice president now owns 257,281 shares of the company’s stock, valued at approximately $25,419,362.80. This represents a 12.87 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 175,177 shares of company stock valued at $16,403,728. Company insiders own 45.58% of the company’s stock.

Wall Street Analysts Forecast Growth

WMT has been the topic of a number of research analyst reports. Roth Mkm raised their target price on Walmart from $81.00 to $97.00 and gave the company a “buy” rating in a report on Wednesday, November 20th. Jefferies Financial Group upped their target price on shares of Walmart from $105.00 to $111.00 and gave the company a “buy” rating in a research note on Tuesday, December 17th. UBS Group increased their price target on shares of Walmart from $100.00 to $113.00 and gave the company a “buy” rating in a report on Friday, January 31st. BMO Capital Markets boosted their price objective on shares of Walmart from $80.00 to $100.00 and gave the stock an “outperform” rating in a report on Monday, November 18th. Finally, JPMorgan Chase & Co. increased their target price on shares of Walmart from $97.00 to $112.00 and gave the company an “overweight” rating in a research note on Monday, February 10th. Two research 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 stock. According to data from MarketBeat.com, Walmart has a consensus rating of “Moderate Buy” and an average target price of $100.53.

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.