Richardson Financial Services Inc. Has $718,000 Stake in Walmart Inc. (NYSE:WMT)

Richardson Financial Services Inc. lowered its stake in Walmart Inc. (NYSE:WMT) by 9.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 7,933 shares of the retailer’s stock after selling 875 shares during the quarter. Richardson Financial Services Inc.’s holdings in Walmart were worth $718,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Czech National Bank increased its stake in shares of Walmart by 8.7% in the third quarter. Czech National Bank now owns 884,820 shares of the retailer’s stock valued at $71,449,000 after buying an additional 70,808 shares during the period. GAMMA Investing LLC increased its position in Walmart by 32.5% in the 3rd quarter. GAMMA Investing LLC now owns 71,684 shares of the retailer’s stock valued at $5,788,000 after acquiring an additional 17,593 shares during the period. WealthBridge Capital Management LLC bought a new position in shares of Walmart during the third quarter valued at $336,000. Diversified Trust Co lifted its holdings in shares of Walmart by 4.8% during the third quarter. Diversified Trust Co now owns 129,449 shares of the retailer’s stock worth $10,453,000 after purchasing an additional 5,983 shares during the period. Finally, Everpar Advisors LLC grew its stake in shares of Walmart by 2.3% in the third quarter. Everpar Advisors LLC now owns 20,373 shares of the retailer’s stock worth $1,645,000 after purchasing an additional 449 shares during the last quarter. 26.76% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts have commented on WMT shares. Piper Sandler lifted their target price on Walmart from $83.00 to $93.00 and gave the stock an “overweight” rating in a report on Monday, November 18th. Oppenheimer upped their target price on Walmart from $81.00 to $90.00 and gave the company an “outperform” rating in a report on Monday, October 14th. Roth Mkm raised their price target on shares of Walmart from $81.00 to $97.00 and gave the stock a “buy” rating in a report on Wednesday, November 20th. Telsey Advisory Group upped their price objective on shares of Walmart from $92.00 to $100.00 and gave the company an “outperform” rating in a research note on Tuesday, November 19th. Finally, UBS Group increased their price objective on shares of Walmart from $100.00 to $113.00 and gave the stock a “buy” rating in a research report on Friday. Two analysts have rated the stock with a hold rating, twenty-nine have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $95.37.

Walmart Stock Up 1.5 %

WMT stock opened at $99.60 on Tuesday. The stock’s 50 day moving average is $93.07 and its 200-day moving average is $83.27. Walmart Inc. has a twelve month low of $55.85 and a twelve month high of $99.79. The firm has a market capitalization of $800.13 billion, a PE ratio of 40.88, a P/E/G ratio of 4.49 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.

Walmart (NYSE:WMT) last posted its quarterly earnings data on Tuesday, November 19th. The retailer reported $0.58 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.53 by $0.05. The firm had revenue of $169.59 billion for the quarter, compared to the consensus estimate of $167.69 billion. Walmart had a net margin of 2.92% and a return on equity of 21.78%. The business’s revenue for the quarter was up 5.5% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.51 EPS. Sell-side analysts expect that Walmart Inc. will post 2.48 EPS for the current fiscal year.

Insider Buying and Selling

In other Walmart news, CEO C Douglas Mcmillon sold 29,124 shares of the business’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 owns 3,814,805 shares of the company’s stock, valued at approximately $348,825,769.20. The trade was a 0.76 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP John R. Furner sold 13,125 shares of the firm’s stock in a transaction on Thursday, January 23rd. The shares were sold at an average price of $92.96, for a total value of $1,220,100.00. Following the sale, the executive vice president now directly owns 568,626 shares of the company’s stock, valued at approximately $52,859,472.96. This represents a 2.26 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 137,177 shares of company stock worth $12,649,328. 45.58% of the stock is owned by insiders.

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.