Walmart Inc. (NYSE:WMT) Shares Purchased by Beaumont Financial Advisors LLC

Beaumont Financial Advisors LLC grew its holdings in Walmart Inc. (NYSE:WMT) by 33.0% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 16,832 shares of the retailer’s stock after buying an additional 4,178 shares during the period. Beaumont Financial Advisors LLC’s holdings in Walmart were worth $1,521,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in the business. Brophy Wealth Management LLC acquired a new stake in Walmart during the 3rd quarter worth approximately $2,072,000. Bank of New Hampshire grew its position in Walmart by 13.7% in the 4th quarter. Bank of New Hampshire now owns 47,949 shares of the retailer’s stock valued at $4,332,000 after buying an additional 5,786 shares during the last quarter. Iowa State Bank grew its position in Walmart by 213.8% in the 4th quarter. Iowa State Bank now owns 26,807 shares of the retailer’s stock valued at $2,422,000 after buying an additional 18,263 shares during the last quarter. Fisher Asset Management LLC increased its stake in Walmart by 4.6% in the 3rd quarter. Fisher Asset Management LLC now owns 47,659,844 shares of the retailer’s stock valued at $3,848,533,000 after buying an additional 2,107,197 shares during the period. Finally, Virtu Financial LLC acquired a new stake in shares of Walmart in the 3rd quarter worth $541,000. Institutional investors and hedge funds own 26.76% of the company’s stock.

Walmart Trading Up 0.2 %

Shares of WMT opened at $93.26 on Thursday. Walmart Inc. has a twelve month low of $53.44 and a twelve month high of $96.18. The firm has a market capitalization of $749.19 billion, a P/E ratio of 38.27, a price-to-earnings-growth ratio of 4.36 and a beta of 0.55. The company has a current ratio of 0.85, a quick ratio of 0.23 and a debt-to-equity ratio of 0.42. The stock’s fifty day simple moving average is $91.47 and its 200 day simple moving average is $81.79.

Walmart (NYSE:WMT) last released 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. The company had revenue of $169.59 billion for the quarter, compared to the consensus estimate of $167.69 billion. Walmart had a return on equity of 21.78% and a net margin of 2.92%. The company’s quarterly revenue was up 5.5% compared to the same quarter last year. During the same period last year, the business posted $0.51 EPS. On average, equities research analysts forecast that Walmart Inc. will post 2.47 earnings per share for the current year.

Insiders Place Their Bets

In related news, CEO C Douglas Mcmillon sold 29,124 shares of the company’s stock in a transaction 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 sale, the chief executive officer now directly owns 3,814,805 shares of the company’s stock, valued at approximately $348,825,769.20. This represents a 0.76 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP John D. Rainey sold 3,000 shares of the firm’s stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $82.12, for a total value of $246,360.00. Following the completion of the transaction, the executive vice president now directly owns 378,165 shares in the company, valued at $31,054,909.80. This trade represents a 0.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 97,928 shares of company stock worth $8,978,123 over the last ninety days. 45.58% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the stock. Barclays raised their price objective on shares of Walmart from $90.00 to $98.00 and gave the company an “overweight” rating in a research report on Thursday, January 9th. 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. Citigroup upped their price objective on Walmart from $75.00 to $98.00 and gave the stock a “buy” rating in a report on Friday, September 27th. Telsey Advisory Group raised their target price on Walmart from $92.00 to $100.00 and gave the company an “outperform” rating in a report on Tuesday, November 19th. Finally, UBS Group upped their price target on shares of Walmart from $92.00 to $100.00 and gave the stock a “buy” rating in a research note on Wednesday, November 20th. Two research analysts have rated the stock with a hold rating, twenty-nine have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $94.69.

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.