InvesTrust Invests $1.24 Million in Walmart Inc. (NYSE:WMT)

by · The Markets Daily

InvesTrust purchased a new position in Walmart Inc. (NYSE:WMT – Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 13,694 shares of the retailer’s stock, valued at approximately $1,240,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Private Client Services LLC raised its holdings in Walmart by 6.6% in the 4th quarter. Private Client Services LLC now owns 7,909 shares of the retailer’s stock valued at $715,000 after acquiring an additional 488 shares during the last quarter. Park National Corp OH grew its position in shares of Walmart by 0.6% in the fourth quarter. Park National Corp OH now owns 26,472 shares of the retailer’s stock valued at $2,392,000 after purchasing an additional 155 shares in the last quarter. Innova Wealth Partners acquired a new stake in shares of Walmart in the fourth quarter valued at approximately $352,000. Strathmore Capital Advisors Inc. purchased a new position in Walmart during the fourth quarter worth approximately $289,000. Finally, Spartan Planning & Wealth Management acquired a new position in Walmart during the fourth quarter worth $782,000. 26.76% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Walmart

In other Walmart news, EVP John R. Furner sold 13,125 shares of the company’s stock in a transaction dated Thursday, December 26th. The shares were sold at an average price of $92.60, for a total transaction of $1,215,375.00. Following the completion of the sale, the executive vice president now directly owns 566,794 shares of the company’s stock, valued at approximately $52,485,124.40. This represents a 2.26 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO C Douglas Mcmillon sold 29,124 shares of the stock in a transaction that occurred on Thursday, December 26th. The stock was sold at an average price of $92.35, for a total transaction of $2,689,601.40. Following the completion of the sale, the chief executive officer now owns 3,785,702 shares of the company’s stock, valued at approximately $349,609,579.70. The trade was a 0.76 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 140,412 shares of company stock valued at $12,478,116. Corporate insiders own 45.58% of the company’s stock.

Walmart Price Performance

Shares of NYSE:WMT traded up $0.89 on Wednesday, hitting $91.70. The company had a trading volume of 5,401,453 shares, compared to its average volume of 11,291,261. Walmart Inc. has a 52-week low of $52.58 and a 52-week high of $96.18. The business has a 50 day moving average of $89.76 and a 200 day moving average of $80.13. The company has a market cap of $736.66 billion, a PE ratio of 37.63, a PEG ratio of 4.47 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.

Walmart (NYSE:WMT – Get Free Report) last issued its earnings results on Tuesday, November 19th. The retailer reported $0.58 earnings per share (EPS) for the quarter, topping 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 company’s revenue for the quarter was up 5.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.51 EPS. As a group, equities analysts anticipate that Walmart Inc. will post 2.47 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

WMT has been the subject of a number of analyst reports. TD Cowen upped their price objective on shares of Walmart from $90.00 to $100.00 and gave the company a “buy” rating in a report on Wednesday, November 20th. StockNews.com downgraded shares of Walmart from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, November 20th. Wells Fargo & Company raised their target price on shares of Walmart from $90.00 to $96.00 and gave the company an “overweight” rating in a report on Wednesday, November 20th. Tigress Financial increased their price target on shares of Walmart from $86.00 to $115.00 and gave the company a “buy” rating in a research note on Friday, December 13th. Finally, Truist Financial raised their price target on Walmart from $89.00 to $98.00 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 given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Walmart currently has an average rating of “Moderate Buy” and a consensus price target of $93.69.

Read Our Latest Report on WMT

Walmart Company Profile

(Free Report)

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.

See Also

Want to see what other hedge funds are holding WMT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Walmart Inc. (NYSE:WMT – Free Report).