Pines Wealth Management LLC Purchases Shares of 53,171 Walmart Inc. (NYSE:WMT)

Pines Wealth Management LLC acquired a new stake in shares of Walmart Inc. (NYSE:WMT) in the 4th quarter, Holdings Channel.com reports. The fund acquired 53,171 shares of the retailer’s stock, valued at approximately $4,945,000. Walmart accounts for about 2.2% of Pines Wealth Management LLC’s portfolio, making the stock its 8th largest position.

Other institutional investors have also recently made changes to their positions in the company. Brophy Wealth Management LLC purchased a new stake in Walmart during the third quarter valued at $2,072,000. Bank of New Hampshire increased its holdings in shares of Walmart by 13.7% in the 4th quarter. Bank of New Hampshire now owns 47,949 shares of the retailer’s stock worth $4,332,000 after buying an additional 5,786 shares during the last quarter. Iowa State Bank raised its position in shares of Walmart by 213.8% during the 4th quarter. Iowa State Bank now owns 26,807 shares of the retailer’s stock valued at $2,422,000 after buying an additional 18,263 shares in the last quarter. Fisher Asset Management LLC lifted its holdings in shares of Walmart by 4.6% in 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. Finally, Virtu Financial LLC purchased a new position in Walmart in the third quarter worth about $541,000. Hedge funds and other institutional investors own 26.76% of the company’s stock.

Walmart Stock Down 0.8 %

Walmart stock opened at $90.79 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 firm has a market cap of $729.35 billion, a P/E ratio of 37.26, a P/E/G ratio of 4.47 and a beta of 0.55. The business has a fifty day moving average of $90.70 and a two-hundred day moving average of $80.96. Walmart Inc. has a twelve month low of $53.44 and a twelve month 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, analysts forecast that Walmart Inc. will post 2.47 earnings per share for the current fiscal year.

Insider Activity

In other news, CEO C Douglas Mcmillon sold 29,124 shares of the company’s stock in a transaction on Thursday, October 24th. The stock was sold at an average price of $82.79, for a total transaction of $2,411,175.96. Following the transaction, the chief executive officer now directly owns 3,843,929 shares of the company’s stock, valued at approximately $318,238,881.91. This represents a 0.75 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Robert Edward Jr. Moritz acquired 5,446 shares of the stock in a transaction dated Wednesday, November 27th. The stock was acquired at an average cost of $91.81 per share, with a total value of $499,997.26. Following the transaction, the director now directly owns 7,805 shares in the company, valued at approximately $716,577.05. This represents a 230.86 % increase in their ownership of the stock. The disclosure for this purchase 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.

Wall Street Analyst Weigh In

A number of equities research 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 report on Wednesday, December 11th. Robert W. Baird raised their price target on Walmart from $90.00 to $100.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 20th. Barclays lifted their price objective on shares of Walmart from $90.00 to $98.00 and gave the stock an “overweight” rating in a research note on Thursday, January 9th. StockNews.com downgraded shares of Walmart from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, November 20th. Finally, Truist Financial lifted their price target on shares of Walmart from $89.00 to $98.00 and gave the stock a “buy” rating in a research note on Wednesday, November 20th. Two equities research analysts have rated the stock with a hold rating, twenty-nine have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $94.08.

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.