SRH Advisors LLC Has $1.71 Million Position in Walmart Inc. (NYSE:WMT)

SRH Advisors LLC lessened its holdings in shares of Walmart Inc. (NYSE:WMT) by 13.4% during the 4th quarter, Holdings Channel.com reports. The fund owned 18,957 shares of the retailer’s stock after selling 2,936 shares during the period. Walmart comprises approximately 0.5% of SRH Advisors LLC’s investment portfolio, making the stock its 15th biggest position. SRH Advisors LLC’s holdings in Walmart were worth $1,713,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in WMT. Jennison Associates LLC boosted its holdings in Walmart by 479.6% in the third quarter. Jennison Associates LLC now owns 18,479,259 shares of the retailer’s stock worth $1,492,200,000 after purchasing an additional 15,290,936 shares in 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 during the last quarter. International Assets Investment Management LLC boosted its stake in shares of Walmart by 8,814.4% during the 3rd quarter. International Assets Investment Management LLC now owns 6,963,218 shares of the retailer’s stock worth $562,280,000 after acquiring an additional 6,885,106 shares in the last quarter. Geode Capital Management LLC increased 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 acquiring an additional 2,786,061 shares during the last quarter. Finally, Fisher Asset Management LLC increased its holdings in shares of Walmart by 4.6% during 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 acquiring an additional 2,107,197 shares during the last quarter. 26.76% of the stock is currently owned by institutional investors and hedge funds.

Walmart Trading Up 1.1 %

WMT stock opened at $103.62 on Thursday. Walmart Inc. has a 1-year low of $55.85 and a 1-year high of $103.90. 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 business’s 50 day moving average is $94.45 and its 200-day moving average is $84.82. The firm has a market cap of $832.42 billion, a P/E ratio of 42.53, a P/E/G ratio of 4.25 and a beta of 0.55.

Walmart (NYSE:WMT) last announced its quarterly earnings results on Tuesday, November 19th. The retailer reported $0.58 earnings per share for the quarter, beating analysts’ consensus estimates of $0.53 by $0.05. The firm had revenue of $169.59 billion for 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 business’s revenue was up 5.5% compared to the same quarter last year. During the same period in the prior year, the business posted $0.51 earnings per share. Equities analysts anticipate that Walmart Inc. will post 2.48 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

WMT has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. upped their target price on Walmart from $97.00 to $112.00 and gave the stock an “overweight” rating in a research report on Monday. KeyCorp upped their price objective on shares of Walmart from $96.00 to $100.00 and gave the stock an “overweight” rating in a report on Wednesday, December 11th. Truist Financial raised their target price on shares of Walmart from $98.00 to $111.00 and gave the company a “buy” rating in a research note on Tuesday. Sanford C. Bernstein boosted their target price on shares of Walmart from $98.00 to $102.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 20th. Finally, Guggenheim raised their price target on Walmart from $90.00 to $100.00 and gave the company a “buy” rating in a research report 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 issued a strong buy rating to the company. According to MarketBeat, Walmart has a consensus rating of “Moderate Buy” and an average target price of $98.56.

Insider Buying and Selling

In other Walmart news, Director Robert Edward Jr. Moritz purchased 5,446 shares of the company’s stock in a transaction that occurred on Wednesday, November 27th. The stock was purchased at an average cost of $91.81 per share, with a total value of $499,997.26. Following the acquisition, the director now directly owns 7,805 shares of the company’s stock, valued at approximately $716,577.05. This trade represents a 230.86 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this link. Also, EVP John R. Furner sold 13,125 shares of Walmart stock in a transaction on Wednesday, November 27th. The shares were sold at an average price of $92.00, for a total value of $1,207,500.00. Following the completion of the transaction, the executive vice president now owns 579,915 shares of the company’s stock, valued at approximately $53,352,180. The trade was a 2.21 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 175,177 shares of company stock worth $16,403,728 in the last quarter. 45.58% of the stock is owned by corporate insiders.

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.