Walmart Inc. (NYSE:WMT) Shares Acquired by PCG Wealth Advisors LLC

PCG Wealth Advisors LLC boosted its position in Walmart Inc. (NYSE:WMT) by 4.5% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 2,919 shares of the retailer’s stock after purchasing an additional 126 shares during the quarter. PCG Wealth Advisors LLC’s holdings in Walmart were worth $264,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Beaird Harris Wealth Management LLC increased its position in Walmart by 44.8% in the 2nd quarter. Beaird Harris Wealth Management LLC now owns 2,726 shares of the retailer’s stock valued at $185,000 after acquiring an additional 843 shares during the period. Susquehanna Fundamental Investments LLC bought a new position in shares of Walmart in the second quarter worth $45,264,000. Arkos Global Advisors increased its holdings in shares of Walmart by 7.8% during the second quarter. Arkos Global Advisors now owns 22,184 shares of the retailer’s stock valued at $1,502,000 after purchasing an additional 1,605 shares during the period. Kathmere Capital Management LLC raised its stake in shares of Walmart by 14.8% during the second quarter. Kathmere Capital Management LLC now owns 44,866 shares of the retailer’s stock valued at $3,038,000 after purchasing an additional 5,769 shares in the last quarter. Finally, Texas Capital Bank Wealth Management Services Inc acquired a new stake in Walmart in the second quarter worth about $270,000. 26.76% of the stock is owned by institutional investors and hedge funds.

Walmart Stock Up 1.1 %

Walmart stock opened at $94.84 on Friday. Walmart Inc. has a twelve month low of $53.47 and a twelve month high of $96.18. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.23 and a current ratio of 0.85. The firm has a market cap of $761.90 billion, a PE ratio of 38.92, a P/E/G ratio of 4.42 and a beta of 0.55. The firm’s 50 day moving average price is $92.02 and its two-hundred day moving average price is $82.13.

Walmart (NYSE:WMT) last posted its quarterly earnings results 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. The business had revenue of $169.59 billion for the quarter, compared to the consensus estimate of $167.69 billion. Walmart had a net margin of 2.92% and a return on equity of 21.78%. Walmart’s revenue for the quarter 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. On average, research analysts predict that Walmart Inc. will post 2.48 EPS for the current fiscal year.

Insider Transactions at Walmart

In related news, CEO C Douglas Mcmillon sold 29,124 shares of the company’s stock in a transaction on Wednesday, November 27th. The shares were sold at an average price of $91.44, for a total value of $2,663,098.56. Following the completion of the sale, the chief executive officer now directly owns 3,814,805 shares in the company, valued at approximately $348,825,769.20. This represents a 0.76 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Robert Edward Jr. Moritz bought 5,446 shares of the business’s stock in a transaction on Wednesday, November 27th. The shares were bought at an average price of $91.81 per share, for a total transaction of $499,997.26. Following the completion of the acquisition, the director now owns 7,805 shares of the company’s stock, 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. Insiders sold 140,177 shares of company stock valued at $12,895,688 in the last three months. Corporate insiders own 45.58% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have commented on WMT. Sanford C. Bernstein raised their target price on shares of Walmart from $98.00 to $102.00 and gave the company an “outperform” rating in a research note on Wednesday, November 20th. Tigress Financial raised their price objective on shares of Walmart from $86.00 to $115.00 and gave the company a “buy” rating in a research note on Friday, December 13th. Oppenheimer upped their target price on Walmart from $81.00 to $90.00 and gave the stock an “outperform” rating in a research report on Monday, October 14th. Roth Mkm lifted their price target on Walmart from $81.00 to $97.00 and gave the company a “buy” rating in a research report on Wednesday, November 20th. Finally, StockNews.com lowered Walmart from a “strong-buy” rating to a “buy” rating in a report on Wednesday, November 20th. Two equities 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.com, the company has an average rating of “Moderate Buy” and an average target price of $94.69.

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.