Soltis Investment Advisors LLC Acquires 2,066 Shares of Walmart Inc. (NYSE:WMT)

Soltis Investment Advisors LLC increased its position in shares of Walmart Inc. (NYSE:WMT) by 17.6% during the 4th quarter, Holdings Channel reports. The fund owned 13,782 shares of the retailer’s stock after buying an additional 2,066 shares during the quarter. Soltis Investment Advisors LLC’s holdings in Walmart were worth $1,245,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in WMT. SC&H Financial Advisors Inc. raised its holdings in Walmart by 1.0% during the 4th quarter. SC&H Financial Advisors Inc. now owns 10,232 shares of the retailer’s stock worth $924,000 after buying an additional 103 shares during the period. Dakota Community Bank & Trust NA increased its stake in Walmart by 4.0% in the 4th quarter. Dakota Community Bank & Trust NA now owns 2,879 shares of the retailer’s stock valued at $260,000 after buying an additional 110 shares during the last quarter. Hobart Private Capital LLC raised its holdings in Walmart by 1.6% during the fourth quarter. Hobart Private Capital LLC now owns 6,926 shares of the retailer’s stock worth $626,000 after acquiring an additional 111 shares in the last quarter. Kozak & Associates Inc. raised its stake in shares of Walmart by 22.3% during the 4th quarter. Kozak & Associates Inc. now owns 619 shares of the retailer’s stock worth $56,000 after purchasing an additional 113 shares in the last quarter. Finally, Summit Financial Wealth Advisors LLC raised its position in Walmart by 0.5% during the third quarter. Summit Financial Wealth Advisors LLC now owns 23,720 shares of the retailer’s stock worth $1,915,000 after acquiring an additional 118 shares in the last quarter. Institutional investors and hedge funds own 26.76% of the company’s stock.

Walmart Stock Down 0.5 %

Shares of NYSE:WMT opened at $102.45 on Wednesday. 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 business’s 50 day moving average is $94.27 and its 200 day moving average is $84.59. Walmart Inc. has a 12-month low of $55.85 and a 12-month high of $103.11. The stock has a market cap of $822.98 billion, a price-to-earnings ratio of 42.04, a PEG ratio of 4.25 and a beta of 0.55.

Walmart (NYSE:WMT) last issued its quarterly earnings data 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. Walmart had a net margin of 2.92% and a return on equity of 21.78%. The business had revenue of $169.59 billion during the quarter, compared to the consensus estimate of $167.69 billion. During the same period in the prior year, the firm posted $0.51 EPS. The firm’s quarterly revenue was up 5.5% compared to the same quarter last year. On average, sell-side analysts forecast that Walmart Inc. will post 2.48 earnings per share for the current fiscal year.

Insider Activity at Walmart

In related news, EVP John D. Rainey sold 38,000 shares of the stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $98.80, for a total transaction of $3,754,400.00. Following the completion of the transaction, the executive vice president now owns 257,281 shares in the company, valued at approximately $25,419,362.80. This represents a 12.87 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO C Douglas Mcmillon sold 29,124 shares of the firm’s stock in a transaction dated Wednesday, November 27th. The stock was sold at an average price of $91.44, for a total transaction of $2,663,098.56. Following the sale, the chief executive officer now owns 3,814,805 shares of the company’s stock, valued at $348,825,769.20. This trade represents a 0.76 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 175,177 shares of company stock valued at $16,403,728. 45.58% of the stock is owned by insiders.

Analyst Ratings Changes

Several analysts have issued reports on the company. KeyCorp upped their price objective on Walmart from $96.00 to $100.00 and gave the company an “overweight” rating in a research note on Wednesday, December 11th. Bank of America boosted their price target on Walmart from $95.00 to $105.00 and gave the company a “buy” rating in a research note on Wednesday, November 20th. DZ Bank downgraded Walmart from a “buy” rating to a “hold” rating and set a $91.00 target price on the stock. in a report on Thursday, November 21st. JPMorgan Chase & Co. raised their price objective on Walmart from $97.00 to $112.00 and gave the company an “overweight” rating in a report on Monday. Finally, Truist Financial increased their price objective on Walmart from $98.00 to $111.00 and gave the company a “buy” rating in a report on Tuesday. Two analysts have rated the stock with a hold rating, twenty-nine have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Walmart presently has a consensus rating of “Moderate Buy” and a consensus price target of $98.08.

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.