Walmart Inc. (NYSE:WMT) Shares Bought by Capital Advisors Wealth Management LLC

Capital Advisors Wealth Management LLC lifted its position in shares of Walmart Inc. (NYSE:WMT) by 27.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 7,689 shares of the retailer’s stock after buying an additional 1,647 shares during the quarter. Capital Advisors Wealth Management LLC’s holdings in Walmart were worth $695,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of WMT. Brophy Wealth Management LLC acquired a new stake in Walmart in the 3rd quarter worth about $2,072,000. Bank of New Hampshire lifted its holdings in shares of Walmart by 13.7% during the 4th quarter. Bank of New Hampshire now owns 47,949 shares of the retailer’s stock worth $4,332,000 after acquiring an additional 5,786 shares during the period. Iowa State Bank boosted its position in shares of Walmart by 213.8% in the fourth quarter. Iowa State Bank now owns 26,807 shares of the retailer’s stock worth $2,422,000 after acquiring an additional 18,263 shares during the last quarter. Fisher Asset Management LLC grew its holdings in 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 acquired a new position in Walmart during the third quarter worth approximately $541,000. Hedge funds and other institutional investors own 26.76% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on WMT. Wells Fargo & Company boosted their price objective on shares of Walmart from $96.00 to $100.00 and gave the company an “overweight” rating in a research note on Friday, January 10th. DZ Bank lowered Walmart from a “buy” rating to a “hold” rating and set a $91.00 price target for the company. in a research note on Thursday, November 21st. Redburn Atlantic raised Walmart to a “strong-buy” rating in a research note on Monday, September 23rd. Robert W. Baird boosted their target price on Walmart from $90.00 to $100.00 and gave the stock an “outperform” rating in a report on Wednesday, November 20th. Finally, Royal Bank of Canada restated an “outperform” rating and issued a $105.00 price target on shares of Walmart in a report on Wednesday. Two analysts have rated the stock with a hold rating, twenty-nine have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $94.49.

Insider Activity

In other news, CEO C Douglas Mcmillon sold 29,124 shares of the firm’s stock in a transaction dated Thursday, October 24th. The shares were sold at an average price of $82.79, for a total value of $2,411,175.96. Following the transaction, the chief executive officer now directly owns 3,843,929 shares in the company, valued at approximately $318,238,881.91. This trade represents a 0.75 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP John R. Furner sold 13,125 shares of the business’s stock in a transaction dated Thursday, October 24th. The shares were sold at an average price of $82.96, for a total transaction of $1,088,850.00. Following the sale, the executive vice president now directly owns 593,040 shares of the company’s stock, valued at approximately $49,198,598.40. This represents a 2.17 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 138,347 shares of company stock worth $12,311,491. 45.58% of the stock is currently owned by insiders.

Walmart Price Performance

Shares of WMT stock opened at $91.33 on Friday. The firm has a fifty day moving average of $90.86 and a two-hundred day moving average of $81.03. The firm has a market cap of $733.70 billion, a P/E ratio of 37.48, a P/E/G ratio of 4.41 and a beta of 0.55. Walmart Inc. has a 1-year low of $53.44 and a 1-year high of $96.18. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.85 and a quick ratio of 0.23.

Walmart (NYSE:WMT) last issued its quarterly earnings results on Tuesday, November 19th. The retailer reported $0.58 EPS for the quarter, topping the consensus estimate of $0.53 by $0.05. The business had revenue of $169.59 billion for the quarter, compared to analysts’ expectations of $167.69 billion. Walmart had a net margin of 2.92% and a return on equity of 21.78%. The company’s quarterly revenue was up 5.5% compared to the same quarter last year. During the same quarter last year, the company posted $0.51 earnings per share. As a group, research analysts anticipate that Walmart Inc. will post 2.47 earnings per share for the current fiscal 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.