Retirement Guys Formula LLC Purchases 397 Shares of Walmart Inc. (NYSE:WMT)

Retirement Guys Formula LLC grew its position in shares of Walmart Inc. (NYSE:WMT) by 1.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 30,325 shares of the retailer’s stock after buying an additional 397 shares during the quarter. Walmart makes up about 1.4% of Retirement Guys Formula LLC’s investment portfolio, making the stock its 13th biggest position. Retirement Guys Formula LLC’s holdings in Walmart were worth $2,740,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of WMT. Creative Planning raised its holdings in shares of Walmart by 4.9% in the third quarter. Creative Planning now owns 1,800,743 shares of the retailer’s stock valued at $142,973,000 after buying an additional 83,376 shares during the last quarter. Swedbank AB increased its position in Walmart by 0.4% in the 3rd quarter. Swedbank AB now owns 5,345,293 shares of the retailer’s stock valued at $431,632,000 after acquiring an additional 18,644 shares in the last quarter. Prospect Financial Services LLC bought a new position in shares of Walmart in the third quarter worth about $285,000. First United Bank & Trust raised its stake in shares of Walmart by 8.7% in the third quarter. First United Bank & Trust now owns 8,555 shares of the retailer’s stock worth $691,000 after acquiring an additional 685 shares during the last quarter. Finally, Acorn Creek Capital LLC acquired a new position in shares of Walmart during the third quarter worth approximately $258,000. Institutional investors and hedge funds own 26.76% of the company’s stock.

Walmart Price Performance

WMT stock opened at $103.62 on Thursday. The stock has a market cap of $832.42 billion, a PE ratio of 42.53, a price-to-earnings-growth ratio of 4.25 and a beta of 0.55. The stock has a 50-day moving average price of $94.45 and a two-hundred day moving average price of $84.82. Walmart Inc. has a 1 year low of $55.85 and a 1 year high of $103.90. The company has a current ratio of 0.85, a quick ratio of 0.23 and a debt-to-equity ratio of 0.42.

Walmart (NYSE:WMT) last announced 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. Walmart had a return on equity of 21.78% and a net margin of 2.92%. The business had revenue of $169.59 billion for the quarter, compared to analyst estimates of $167.69 billion. During the same quarter last year, the firm earned $0.51 EPS. Walmart’s revenue for the quarter was up 5.5% compared to the same quarter last year. Equities analysts forecast that Walmart Inc. will post 2.48 EPS for the current fiscal year.

Insider Transactions at Walmart

In other Walmart news, EVP John D. Rainey sold 38,000 shares of the firm’s stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $98.80, for a total value of $3,754,400.00. Following the completion of the transaction, the executive vice president now directly owns 257,281 shares in the company, valued at $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 Securities & Exchange Commission, which is available through this link. Also, EVP Daniel J. Bartlett sold 1,830 shares of the stock in a transaction that occurred on Wednesday, January 15th. The shares were sold at an average price of $91.07, for a total value of $166,658.10. Following the completion of the sale, the executive vice president now directly owns 460,705 shares of the company’s stock, valued at approximately $41,956,404.35. The trade was a 0.40 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 175,177 shares of company stock valued at $16,403,728 over the last 90 days. 45.58% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on WMT. Telsey Advisory Group boosted their price objective on shares of Walmart from $105.00 to $115.00 and gave the stock an “outperform” rating in a research report on Wednesday. Truist Financial boosted their target price on Walmart from $98.00 to $111.00 and gave the stock a “buy” rating in a research report on Tuesday. Robert W. Baird raised their price target on Walmart from $90.00 to $100.00 and gave the company an “outperform” rating in a report on Wednesday, November 20th. JPMorgan Chase & Co. boosted their price objective on Walmart from $97.00 to $112.00 and gave the stock an “overweight” rating in a report on Monday. Finally, TD Cowen raised their target price on shares of Walmart from $90.00 to $100.00 and gave the company a “buy” rating in a research note on Wednesday, November 20th. Two investment 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 company’s stock. According to data from MarketBeat, Walmart has a consensus rating of “Moderate Buy” and a consensus target price of $98.56.

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.