Avondale Wealth Management Purchases 450 Shares of Walmart Inc. (NYSE:WMT)

Avondale Wealth Management raised its position in Walmart Inc. (NYSE:WMT) by 4.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 11,150 shares of the retailer’s stock after buying an additional 450 shares during the quarter. Walmart comprises about 0.6% of Avondale Wealth Management’s portfolio, making the stock its 24th largest position. Avondale Wealth Management’s holdings in Walmart were worth $1,007,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in WMT. First International Bank & Trust boosted its stake in Walmart by 18.7% in the fourth quarter. First International Bank & Trust now owns 13,681 shares of the retailer’s stock valued at $1,236,000 after buying an additional 2,159 shares in the last quarter. Watts Gwilliam & Co. LLC grew its holdings in shares of Walmart by 24.7% during the 4th quarter. Watts Gwilliam & Co. LLC now owns 24,260 shares of the retailer’s stock valued at $2,203,000 after purchasing an additional 4,806 shares during the last quarter. Legacy Private Trust Co. increased its position in Walmart by 3.0% during the 4th quarter. Legacy Private Trust Co. now owns 127,329 shares of the retailer’s stock worth $11,504,000 after purchasing an additional 3,741 shares in the last quarter. Douglas Lane & Associates LLC lifted its stake in Walmart by 3.8% in the 4th quarter. Douglas Lane & Associates LLC now owns 23,611 shares of the retailer’s stock valued at $2,133,000 after purchasing an additional 856 shares during the last quarter. Finally, InvesTrust acquired a new stake in Walmart in the fourth quarter valued at approximately $1,240,000. Institutional investors own 26.76% of the company’s stock.

Walmart Stock Performance

Shares of WMT stock traded up $1.14 during trading on Friday, reaching $92.94. 4,854,679 shares of the company’s stock traded hands, compared to its average volume of 11,493,839. Walmart Inc. has a 1 year low of $53.39 and a 1 year high of $96.18. The company has a market capitalization of $746.62 billion, a P/E ratio of 38.14, 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. The firm’s 50-day moving average is $90.16 and its 200 day moving average is $80.29.

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 the consensus estimate of $0.53 by $0.05. The company 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 firm’s quarterly revenue was up 5.5% compared to the same quarter last year. During the same period in the previous year, the business earned $0.51 earnings per share. Equities research analysts expect that Walmart Inc. will post 2.47 EPS for the current year.

Analyst Ratings Changes

Several research firms recently weighed in on WMT. StockNews.com downgraded Walmart from a “strong-buy” rating to a “buy” rating in a report on Wednesday, November 20th. Truist Financial boosted their price target on Walmart from $89.00 to $98.00 and gave the stock a “buy” rating in a report on Wednesday, November 20th. Melius Research assumed coverage on shares of Walmart in a report on Monday, September 23rd. They issued a “buy” rating and a $95.00 price objective for the company. Robert W. Baird boosted their target price on shares of Walmart from $90.00 to $100.00 and gave the stock an “outperform” rating in a report on Wednesday, November 20th. Finally, Oppenheimer raised their price target on shares of Walmart from $81.00 to $90.00 and gave the company an “outperform” rating in a research note on Monday, October 14th. Two analysts have rated the stock with a hold rating, twenty-nine have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $94.08.

Insiders Place Their Bets

In other news, EVP Daniel J. Bartlett sold 2,065 shares of Walmart stock in a transaction on Tuesday, October 15th. The shares were sold at an average price of $80.69, for a total transaction of $166,624.85. Following the completion of the sale, the executive vice president now directly owns 457,493 shares of the company’s stock, valued at approximately $36,915,110.17. The trade was a 0.45 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO C Douglas Mcmillon sold 29,124 shares of the stock in a transaction on Thursday, December 26th. The shares were sold at an average price of $92.35, for a total value of $2,689,601.40. Following the completion of the transaction, the chief executive officer now directly owns 3,785,702 shares in the company, valued at approximately $349,609,579.70. This represents a 0.76 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 140,412 shares of company stock worth $12,478,116 in the last three months. 45.58% of the stock is currently 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.