Global Retirement Partners LLC Grows Stock Position in Walmart Inc. (NYSE:WMT)

Global Retirement Partners LLC boosted its stake in shares of Walmart Inc. (NYSE:WMT) by 19.1% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 117,509 shares of the retailer’s stock after acquiring an additional 18,881 shares during the quarter. Global Retirement Partners LLC’s holdings in Walmart were worth $10,617,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Peterson Financial Group Inc. bought a new position in shares of Walmart during the third quarter valued at about $26,000. Fiduciary Advisors Inc. purchased a new position in Walmart during the 4th quarter valued at about $27,000. Voisard Asset Management Group Inc. raised its position in Walmart by 77.3% during 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 stake in shares of Walmart in the 4th quarter worth approximately $32,000. Finally, Livelsberger Financial Advisory purchased a new position in shares of Walmart during the third quarter valued at approximately $36,000. 26.76% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Walmart

In related news, SVP David Chojnowski sold 5,600 shares of the firm’s stock in a transaction that occurred on Wednesday, November 27th. The shares were sold at an average price of $91.45, for a total value of $512,120.00. Following the transaction, the senior vice president now owns 87,404 shares of the company’s stock, valued at approximately $7,993,095.80. This trade represents a 6.02 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Robert Edward Jr. Moritz bought 5,446 shares of the business’s stock in a transaction that occurred on Wednesday, November 27th. The shares were acquired at an average price of $91.81 per share, with a total value of $499,997.26. Following the completion of the transaction, the director now directly owns 7,805 shares of the company’s stock, valued at $716,577.05. This trade represents a 230.86 % increase in their position. The disclosure for this purchase can be found here. In the last ninety days, insiders sold 175,177 shares of company stock worth $16,403,728. Insiders own 45.58% of the company’s stock.

Walmart Price Performance

Shares of NYSE:WMT opened at $103.73 on Wednesday. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.23 and a current ratio of 0.85. The firm has a market cap of $833.31 billion, a price-to-earnings ratio of 42.57, a price-to-earnings-growth ratio of 4.30 and a beta of 0.55. The business has a 50-day simple moving average of $95.38 and a two-hundred day simple moving average of $86.05. Walmart Inc. has a fifty-two week low of $57.60 and a fifty-two week 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 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 company had revenue of $169.59 billion for the quarter, compared to the consensus estimate of $167.69 billion. During the same quarter in the prior year, the firm earned $0.51 earnings per share. The firm’s revenue for the quarter was up 5.5% compared to the same quarter last year. On average, analysts expect that Walmart Inc. will post 2.48 earnings per share for the current year.

Analyst Ratings Changes

A number of analysts recently commented on WMT shares. Bank of America raised their price target on Walmart from $95.00 to $105.00 and gave the stock a “buy” rating in a research note on Wednesday, November 20th. Oppenheimer lifted their target price on shares of Walmart from $100.00 to $110.00 and gave the company an “outperform” rating in a research note on Wednesday, February 5th. Truist Financial boosted their price target on shares of Walmart from $98.00 to $111.00 and gave the company a “buy” rating in a research report on Tuesday, February 11th. Piper Sandler raised their price objective on shares of Walmart from $93.00 to $118.00 and gave the stock an “overweight” rating in a report on Tuesday. Finally, KeyCorp upped their target price on Walmart from $96.00 to $100.00 and gave the stock an “overweight” rating in a report on Wednesday, December 11th. Two investment 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. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $101.87.

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.