Ieq Capital LLC Acquires 65,292 Shares of Walmart Inc. (NYSE:WMT)

Ieq Capital LLC grew its holdings in Walmart Inc. (NYSE:WMT) by 23.5% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 343,036 shares of the retailer’s stock after purchasing an additional 65,292 shares during the period. Ieq Capital LLC’s holdings in Walmart were worth $30,993,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Peterson Financial Group Inc. bought a new position in shares of Walmart in the 3rd quarter valued at $26,000. Fiduciary Advisors Inc. bought a new stake in Walmart during the 4th quarter worth $27,000. Voisard Asset Management Group Inc. grew its position in Walmart by 77.3% during the 3rd quarter. Voisard Asset Management Group Inc. now owns 399 shares of the retailer’s stock worth $32,000 after acquiring an additional 174 shares during the last quarter. Decker Retirement Planning Inc. bought a new stake in Walmart during the 4th quarter worth $32,000. Finally, Hara Capital LLC bought a new stake in Walmart during the 3rd quarter worth $37,000. Institutional investors own 26.76% of the company’s stock.

Insider Activity

In other news, CEO C Douglas Mcmillon sold 29,124 shares of the company’s stock in a transaction that occurred on Wednesday, November 27th. The stock was sold at an average price of $91.44, for a total value of $2,663,098.56. Following the completion of the transaction, the chief executive officer now directly owns 3,814,805 shares of the company’s stock, valued at $348,825,769.20. This represents a 0.76 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP John D. Rainey sold 38,000 shares of the stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $98.80, for a total value of $3,754,400.00. Following the transaction, the executive vice president now directly owns 257,281 shares of the company’s stock, valued at approximately $25,419,362.80. This trade represents a 12.87 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 175,177 shares of company stock valued at $16,403,728 over the last three months. Corporate insiders own 45.58% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently weighed in on WMT. Wells Fargo & Company boosted their price objective on Walmart from $100.00 to $108.00 and gave the stock an “overweight” rating in a research report on Monday, February 3rd. Robert W. Baird boosted their price objective on Walmart from $100.00 to $115.00 and gave the stock an “outperform” rating in a research report on Tuesday. KeyCorp boosted their price objective on Walmart from $96.00 to $100.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 11th. Oppenheimer upped their price target on Walmart from $100.00 to $110.00 and gave the company an “outperform” rating in a research report on Wednesday, February 5th. Finally, Piper Sandler upped their price target on Walmart from $93.00 to $118.00 and gave the company an “overweight” rating in a research report on Tuesday. Two research 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’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $101.87.

Walmart Stock Performance

WMT stock opened at $103.90 on Thursday. The firm has a market cap of $834.69 billion, a PE ratio of 42.64, a P/E/G ratio of 4.39 and a beta of 0.55. 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 has a 50 day moving average of $95.56 and a 200-day moving average of $86.17. Walmart Inc. has a 12-month low of $57.60 and a 12-month high of $105.30.

Walmart (NYSE:WMT) last released its earnings results on Tuesday, November 19th. The retailer reported $0.58 earnings per share (EPS) 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 analyst estimates of $167.69 billion. Walmart had a return on equity of 21.78% and a net margin of 2.92%. Walmart’s quarterly revenue was up 5.5% on a year-over-year basis. During the same period in the prior year, the company posted $0.51 earnings per share. As a group, sell-side analysts expect that Walmart Inc. will post 2.48 earnings per share for the current year.

About Walmart

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.