Hobart Private Capital LLC Purchases 111 Shares of Walmart Inc. (NYSE:WMT)

Hobart Private Capital LLC increased its position in shares of Walmart Inc. (NYSE:WMT) by 1.6% in the 4th quarter, HoldingsChannel reports. The fund owned 6,926 shares of the retailer’s stock after acquiring an additional 111 shares during the period. Hobart Private Capital LLC’s holdings in Walmart were worth $626,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Fiduciary Advisors Inc. purchased a new stake in shares of Walmart during the 4th quarter valued at $27,000. Peterson Financial Group Inc. acquired a new position in Walmart during the 3rd quarter valued at about $26,000. Decker Retirement Planning Inc. purchased a new stake in Walmart in the fourth quarter valued at about $32,000. Voisard Asset Management Group Inc. grew its stake in shares of Walmart by 77.3% during the third quarter. Voisard Asset Management Group Inc. now owns 399 shares of the retailer’s stock worth $32,000 after acquiring an additional 174 shares during the last quarter. Finally, Livelsberger Financial Advisory purchased a new position in shares of Walmart in the 3rd quarter valued at approximately $36,000. Hedge funds and other institutional investors own 26.76% of the company’s stock.

Analysts Set New Price Targets

WMT has been the topic of several research analyst reports. UBS Group boosted their target price on shares of Walmart from $100.00 to $113.00 and gave the stock a “buy” rating in a research report on Friday, January 31st. Roth Mkm lifted their price target on Walmart from $81.00 to $97.00 and gave the stock a “buy” rating in a research report on Wednesday, November 20th. Wells Fargo & Company increased their price objective on Walmart from $100.00 to $108.00 and gave the company an “overweight” rating in a report on Monday, February 3rd. Tigress Financial lifted their target price on Walmart from $86.00 to $115.00 and gave the stock a “buy” rating in a report on Friday, December 13th. Finally, Oppenheimer increased their price target on shares of Walmart from $100.00 to $110.00 and gave the stock an “outperform” rating in a report on Wednesday, February 5th. Two investment analysts have rated the stock with a hold rating, twenty-nine have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $96.01.

Walmart Stock Down 1.6 %

Shares of NYSE WMT opened at $101.17 on Monday. Walmart Inc. has a 52-week low of $55.85 and a 52-week high of $103.11. 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 simple moving average is $94.07 and its 200-day simple moving average is $84.26. The firm has a market cap of $812.73 billion, a price-to-earnings ratio of 41.52, a price-to-earnings-growth ratio of 4.25 and a beta of 0.55.

Walmart (NYSE:WMT) last announced its earnings results on Tuesday, November 19th. The retailer reported $0.58 EPS for the quarter, beating analysts’ consensus estimates of $0.53 by $0.05. The business 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 business’s revenue was up 5.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.51 earnings per share. Equities analysts predict that Walmart Inc. will post 2.48 EPS for the current fiscal year.

Insider Buying and Selling at Walmart

In other news, CEO C Douglas Mcmillon sold 29,124 shares of the stock in a transaction dated Wednesday, November 27th. The shares were sold at an average price of $91.44, for a total value of $2,663,098.56. Following the completion of the sale, the chief executive officer now directly owns 3,814,805 shares in the company, valued at $348,825,769.20. This represents a 0.76 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, SVP David Chojnowski sold 5,600 shares of the business’s stock in a transaction dated Wednesday, November 27th. The stock was sold at an average price of $91.45, for a total transaction of $512,120.00. Following the transaction, the senior vice president now owns 87,404 shares in the company, valued at $7,993,095.80. The trade was a 6.02 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 175,177 shares of company stock worth $16,403,728. 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.