Walmart Inc. (NYSE:WMT) Position Increased by Kingsview Wealth Management LLC

Kingsview Wealth Management LLC lifted its holdings in Walmart Inc. (NYSE:WMT) by 3.4% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 100,160 shares of the retailer’s stock after buying an additional 3,255 shares during the quarter. Kingsview Wealth Management LLC’s holdings in Walmart were worth $9,049,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of WMT. Peterson Financial Group Inc. acquired a new position in Walmart in the third quarter valued at approximately $26,000. Fiduciary Advisors Inc. bought a new stake in shares of Walmart in the 4th quarter worth approximately $27,000. Voisard Asset Management Group Inc. lifted its holdings in shares of Walmart by 77.3% in the 3rd 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 last quarter. Decker Retirement Planning Inc. acquired a new position in Walmart during the 4th quarter valued at approximately $32,000. Finally, Livelsberger Financial Advisory bought a new position in Walmart during the 3rd quarter worth $36,000. 26.76% of the stock is owned by institutional investors and hedge funds.

Walmart Stock Performance

Shares of WMT opened at $101.17 on Monday. The company has a 50-day moving average of $94.07 and a two-hundred day moving average of $84.26. The stock has a market cap of $812.73 billion, a price-to-earnings ratio of 41.52, a PEG ratio of 4.25 and a beta of 0.55. 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 $55.85 and a one year high of $103.11.

Walmart (NYSE:WMT) last posted its quarterly earnings data on Tuesday, November 19th. The retailer reported $0.58 EPS for the quarter, topping 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 firm 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 EPS. The company’s revenue was up 5.5% on a year-over-year basis. On average, equities research analysts expect that Walmart Inc. will post 2.48 earnings per share for the current year.

Insider Activity

In related news, EVP John D. Rainey sold 38,000 shares of the firm’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 sale, the executive vice president now directly owns 257,281 shares in the company, valued at approximately $25,419,362.80. This trade represents a 12.87 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO C Douglas Mcmillon sold 29,124 shares of the company’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 completion of the transaction, the chief executive officer now owns 3,814,805 shares in the company, valued at approximately $348,825,769.20. This represents a 0.76 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 175,177 shares of company stock worth $16,403,728. 45.58% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on WMT shares. Barclays boosted their price target on shares of Walmart from $90.00 to $98.00 and gave the company an “overweight” rating in a report on Thursday, January 9th. KeyCorp upped their target price on shares of Walmart from $96.00 to $100.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 11th. TD Cowen lifted their price target on Walmart from $90.00 to $100.00 and gave the company a “buy” rating in a report on Wednesday, November 20th. Telsey Advisory Group boosted their price objective on Walmart from $92.00 to $100.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 19th. Finally, Sanford C. Bernstein raised their target price on Walmart from $98.00 to $102.00 and gave the company an “outperform” rating in a research report on Wednesday, November 20th. Two 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 company. According to MarketBeat.com, Walmart currently has a consensus rating of “Moderate Buy” and an average target price of $96.01.

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.