Walmart Inc. (NYSE:WMT) Shares Bought by Alpha Cubed Investments LLC

Alpha Cubed Investments LLC lifted its stake in shares of Walmart Inc. (NYSE:WMT) by 2.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 30,061 shares of the retailer’s stock after purchasing an additional 610 shares during the quarter. Alpha Cubed Investments LLC’s holdings in Walmart were worth $2,716,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also made changes to their positions in the company. Brophy Wealth Management LLC bought a new stake in Walmart in the third quarter valued at $2,072,000. Bank of New Hampshire boosted its stake in Walmart by 13.7% during the 4th quarter. Bank of New Hampshire now owns 47,949 shares of the retailer’s stock valued at $4,332,000 after purchasing an additional 5,786 shares during the period. Iowa State Bank grew its position in Walmart by 213.8% in the 4th quarter. Iowa State Bank now owns 26,807 shares of the retailer’s stock worth $2,422,000 after purchasing an additional 18,263 shares during the last quarter. Fisher Asset Management LLC increased its stake in shares of Walmart by 4.6% in the third quarter. Fisher Asset Management LLC now owns 47,659,844 shares of the retailer’s stock valued at $3,848,533,000 after purchasing an additional 2,107,197 shares during the period. Finally, Virtu Financial LLC bought a new stake in shares of Walmart during the third quarter valued at approximately $541,000. Institutional investors own 26.76% of the company’s stock.

Insider Buying and Selling at Walmart

In other news, EVP Daniel J. Bartlett sold 1,830 shares of the stock in a transaction dated Wednesday, January 15th. The stock was sold at an average price of $91.07, for a total transaction of $166,658.10. Following the transaction, the executive vice president now owns 460,705 shares of the company’s stock, valued at approximately $41,956,404.35. This represents a 0.40 % decrease in their position. The sale 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 business’s stock in a transaction that occurred on Thursday, December 26th. The stock was sold at an average price of $92.35, for a total value of $2,689,601.40. Following the completion of the sale, the chief executive officer now owns 3,785,702 shares of the company’s stock, valued at approximately $349,609,579.70. This trade represents a 0.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 97,928 shares of company stock worth $8,978,123 over the last ninety days. 45.58% of the stock is currently owned by insiders.

Walmart Trading Up 0.2 %

Walmart stock opened at $93.26 on Thursday. Walmart Inc. has a 12 month low of $53.44 and a 12 month high of $96.18. 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 stock has a market cap of $749.19 billion, a P/E ratio of 38.27, a P/E/G ratio of 4.36 and a beta of 0.55. The company’s fifty day simple moving average is $91.47 and its 200-day simple moving average is $81.79.

Walmart (NYSE:WMT) last issued its earnings results on Tuesday, November 19th. The retailer reported $0.58 EPS for the quarter, beating 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 for the quarter, compared to the consensus estimate of $167.69 billion. During the same quarter in the previous year, the company posted $0.51 earnings per share. The business’s quarterly revenue was up 5.5% compared to the same quarter last year. As a group, sell-side analysts forecast that Walmart Inc. will post 2.47 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts recently commented on WMT shares. Morgan Stanley raised their target price on Walmart from $100.00 to $106.00 and gave the company an “overweight” rating in a research report on Tuesday. Evercore ISI raised their price target on Walmart from $94.00 to $96.00 and gave the company an “outperform” rating in a report on Tuesday, December 3rd. Jefferies Financial Group increased their target price on shares of Walmart from $105.00 to $111.00 and gave the company a “buy” rating in a research report on Tuesday, December 17th. KeyCorp upped their price target on shares of Walmart from $96.00 to $100.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 11th. Finally, 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. Two research 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. Based on data from MarketBeat, Walmart presently has a consensus rating of “Moderate Buy” and a consensus 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.