Meredith Wealth Planning Takes Position in Walmart Inc. (NYSE:WMT)

Meredith Wealth Planning purchased a new position in Walmart Inc. (NYSE:WMT) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 2,628 shares of the retailer’s stock, valued at approximately $237,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Peterson Financial Group Inc. bought a new stake in Walmart in the third quarter valued at $26,000. Fiduciary Advisors Inc. acquired a new stake in shares of Walmart in the 4th quarter worth about $27,000. Voisard Asset Management Group Inc. lifted its position 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 during the last quarter. Decker Retirement Planning Inc. bought a new position in Walmart in the 4th quarter worth about $32,000. Finally, Livelsberger Financial Advisory bought a new position in Walmart in the 3rd quarter worth about $36,000. Institutional investors and hedge funds own 26.76% of the company’s stock.

Wall Street Analyst Weigh In

WMT has been the subject of several analyst reports. Bank of America boosted their price objective on Walmart from $95.00 to $105.00 and gave the stock a “buy” rating in a research report on Wednesday, November 20th. TD Cowen lifted their target price on Walmart from $90.00 to $100.00 and gave the company a “buy” rating in a research note on Wednesday, November 20th. BMO Capital Markets increased their price target on Walmart from $80.00 to $100.00 and gave the stock an “outperform” rating in a research note on Monday, November 18th. UBS Group upped their price objective on shares of Walmart from $100.00 to $113.00 and gave the stock a “buy” rating in a report on Friday, January 31st. Finally, Guggenheim increased their target price on shares of Walmart from $90.00 to $100.00 and gave the company a “buy” rating in a research report on Wednesday, November 20th. Two equities research 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. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $100.53.

Walmart Trading Down 1.0 %

Shares of NYSE WMT opened at $104.04 on Tuesday. Walmart Inc. has a twelve month low of $55.99 and a twelve month high of $105.30. The stock has a market cap of $835.78 billion, a price-to-earnings 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 fifty day moving average is $94.99 and its 200-day moving average is $85.56.

Walmart (NYSE:WMT) last posted its earnings results on Tuesday, November 19th. The retailer reported $0.58 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.53 by $0.05. The firm had revenue of $169.59 billion during the quarter, compared to analysts’ expectations of $167.69 billion. Walmart had a return on equity of 21.78% and a net margin of 2.92%. The company’s revenue was up 5.5% on a year-over-year basis. During the same period in the previous year, the firm earned $0.51 earnings per share. Equities research analysts predict that Walmart Inc. will post 2.48 EPS for the current year.

Insider Activity

In other news, EVP Daniel J. Bartlett sold 1,830 shares of the business’s stock in a transaction dated Wednesday, January 15th. The stock was sold at an average price of $91.07, for a total value of $166,658.10. Following the sale, the executive vice president now directly owns 460,705 shares in the company, 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 SEC, which is available at the SEC website. Also, SVP David Chojnowski sold 5,600 shares of the company’s stock in a transaction dated Wednesday, November 27th. The stock was sold at an average price of $91.45, for a total value of $512,120.00. Following the transaction, the senior vice president now directly owns 87,404 shares of the company’s stock, valued at $7,993,095.80. This represents a 6.02 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 175,177 shares of company stock worth $16,403,728 in the last 90 days. Corporate insiders own 45.58% of the company’s stock.

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.