Walmart Inc. (NYSE:WMT) Shares Purchased by Venturi Wealth Management LLC

Venturi Wealth Management LLC boosted its holdings in shares of Walmart Inc. (NYSE:WMT) by 12.9% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 251,436 shares of the retailer’s stock after purchasing an additional 28,801 shares during the period. Walmart comprises approximately 1.1% of Venturi Wealth Management LLC’s investment portfolio, making the stock its 17th biggest holding. Venturi Wealth Management LLC’s holdings in Walmart were worth $22,717,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Fiduciary Advisors Inc. acquired a new stake in Walmart in the fourth quarter valued at approximately $27,000. Peterson Financial Group Inc. acquired a new stake in shares of Walmart in the third quarter valued at approximately $26,000. Decker Retirement Planning Inc. purchased a new position in shares of Walmart during the 4th quarter worth $32,000. Voisard Asset Management Group Inc. boosted its holdings in Walmart by 77.3% in 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. Finally, Livelsberger Financial Advisory purchased a new position in Walmart in the third quarter worth approximately $36,000. 26.76% of the stock is owned by hedge funds and other institutional investors.

Walmart Stock Performance

Walmart stock opened at $104.04 on Tuesday. Walmart Inc. has a 12 month low of $55.99 and a 12 month high of $105.30. The stock’s 50-day moving average is $94.99 and its 200-day moving average is $85.56. The company has a market cap of $835.78 billion, a price-to-earnings ratio of 42.70, a price-to-earnings-growth 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 (NYSE:WMT) last issued 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 net margin of 2.92% and a return on equity of 21.78%. The business had revenue of $169.59 billion for the quarter, compared to analyst estimates of $167.69 billion. During the same quarter in the prior year, the business posted $0.51 EPS. The company’s revenue for the quarter was up 5.5% on a year-over-year basis. Equities analysts anticipate that Walmart Inc. will post 2.48 earnings per share for the current year.

Analyst Upgrades and Downgrades

WMT has been the topic of a number of research reports. Jefferies Financial Group increased their target price on shares of Walmart from $105.00 to $111.00 and gave the stock a “buy” rating in a report on Tuesday, December 17th. Roth Mkm increased their target price on Walmart from $81.00 to $97.00 and gave the company a “buy” rating in a report on Wednesday, November 20th. Barclays lifted their price target on Walmart from $98.00 to $108.00 and gave the stock an “overweight” rating in a report on Friday. Bank of America raised their target price on Walmart from $95.00 to $105.00 and gave the stock a “buy” rating in a research report on Wednesday, November 20th. Finally, TD Cowen upped 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. Two research 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. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $100.53.

Insider Buying and Selling

In related news, CEO C Douglas Mcmillon sold 29,124 shares of Walmart 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 directly owns 3,814,805 shares in the company, valued at $348,825,769.20. The trade was a 0.76 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP John D. Rainey sold 38,000 shares of Walmart stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $98.80, for a total transaction of $3,754,400.00. Following the transaction, the executive vice president now owns 257,281 shares in the company, valued at approximately $25,419,362.80. The trade was a 12.87 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 175,177 shares of company stock worth $16,403,728 in the last three months. 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.