SeaCrest Wealth Management LLC Buys 10,769 Shares of Walmart Inc. (NYSE:WMT)

SeaCrest Wealth Management LLC increased its stake in shares of Walmart Inc. (NYSE:WMT) by 19.5% in the fourth quarter, Holdings Channel.com reports. The fund owned 66,068 shares of the retailer’s stock after purchasing an additional 10,769 shares during the period. Walmart comprises about 0.6% of SeaCrest Wealth Management LLC’s holdings, making the stock its 21st biggest position. SeaCrest Wealth Management LLC’s holdings in Walmart were worth $5,969,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Geode Capital Management LLC boosted its holdings in shares of Walmart by 3.3% during the 3rd quarter. Geode Capital Management LLC now owns 87,617,409 shares of the retailer’s stock valued at $7,048,465,000 after purchasing an additional 2,786,061 shares during the last quarter. FMR LLC lifted its position in shares of Walmart by 12.9% in the third quarter. FMR LLC now owns 63,135,639 shares of the retailer’s stock worth $5,098,203,000 after buying an additional 7,200,004 shares in the last quarter. Fisher Asset Management LLC boosted its stake in Walmart by 4.6% during the third 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 last quarter. Franklin Resources Inc. grew its holdings in Walmart by 3.7% during the 3rd quarter. Franklin Resources Inc. now owns 41,501,782 shares of the retailer’s stock valued at $3,392,658,000 after buying an additional 1,480,927 shares in the last quarter. Finally, Legal & General Group Plc increased its stake in Walmart by 1.8% in the 2nd quarter. Legal & General Group Plc now owns 36,282,740 shares of the retailer’s stock worth $2,456,704,000 after acquiring an additional 644,353 shares during the last quarter. 26.76% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on WMT. BMO Capital Markets raised their target price on shares of Walmart from $80.00 to $100.00 and gave the company an “outperform” rating in a report on Monday, November 18th. StockNews.com cut shares of Walmart from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, November 20th. Bank of America upped their target price on shares of Walmart from $95.00 to $105.00 and gave the company a “buy” rating in a research report on Wednesday, November 20th. 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. Finally, Melius Research began coverage on Walmart in a research note on Monday, September 23rd. They issued a “buy” rating and a $95.00 price objective for the company. Two 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, the company currently has an average rating of “Moderate Buy” and an average price target of $94.08.

Insider Activity

In other Walmart news, Director Robert Edward Jr. Moritz acquired 5,446 shares of the stock in a transaction dated Wednesday, November 27th. The stock was purchased at an average price of $91.81 per share, with a total value of $499,997.26. Following the transaction, the director now directly owns 7,805 shares of the company’s stock, valued at $716,577.05. This trade represents a 230.86 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO C Douglas Mcmillon sold 29,124 shares of the company’s stock in a transaction dated Thursday, October 24th. The shares were sold at an average price of $82.79, for a total value of $2,411,175.96. Following the transaction, the chief executive officer now directly owns 3,843,929 shares in the company, valued at $318,238,881.91. This represents a 0.75 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 138,347 shares of company stock worth $12,311,491. Corporate insiders own 45.58% of the company’s stock.

Walmart Stock Performance

Shares of WMT stock opened at $90.79 on Wednesday. The company’s 50 day moving average is $90.70 and its 200 day moving average is $80.96. 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 firm has a market cap of $729.35 billion, a price-to-earnings ratio of 37.26, a PEG ratio of 4.47 and a beta of 0.55. Walmart Inc. has a 52-week low of $53.44 and a 52-week high of $96.18.

Walmart (NYSE:WMT) last issued its quarterly earnings data on Tuesday, November 19th. The retailer reported $0.58 earnings per share for the quarter, topping 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 firm had revenue of $169.59 billion during the quarter, compared to analysts’ expectations of $167.69 billion. During the same period in the prior year, the business posted $0.51 EPS. The firm’s quarterly revenue was up 5.5% on a year-over-year basis. On average, sell-side analysts anticipate that Walmart Inc. will post 2.47 EPS for the current fiscal year.

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.