Regent Peak Wealth Advisors LLC Grows Position in Walmart Inc. (NYSE:WMT)

Regent Peak Wealth Advisors LLC grew its stake in Walmart Inc. (NYSE:WMT) by 1.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 17,325 shares of the retailer’s stock after acquiring an additional 226 shares during the quarter. Regent Peak Wealth Advisors LLC’s holdings in Walmart were worth $1,565,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in WMT. Peterson Financial Group Inc. purchased a new position in shares of Walmart in the 3rd quarter worth about $26,000. Voisard Asset Management Group Inc. increased its stake 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 buying an additional 174 shares during the period. Hoese & Co LLP acquired a new stake in shares of Walmart during the third quarter valued at about $33,000. Livelsberger Financial Advisory acquired a new stake in Walmart during the 3rd quarter valued at approximately $36,000. Finally, Hara Capital LLC purchased a new stake in Walmart during the 3rd quarter worth approximately $37,000. Hedge funds and other institutional investors own 26.76% of the company’s stock.

Insider Activity at Walmart

In other news, CEO C Douglas Mcmillon sold 29,124 shares of the stock in a transaction that occurred on 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 completion of the sale, the chief executive officer now directly owns 3,843,929 shares of the company’s stock, valued at $318,238,881.91. This represents a 0.75 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Daniel J. Bartlett sold 2,065 shares of the business’s stock in a transaction on Tuesday, October 15th. The shares were sold at an average price of $80.69, for a total transaction of $166,624.85. Following the transaction, the executive vice president now owns 457,493 shares in the company, valued at approximately $36,915,110.17. This represents a 0.45 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 140,412 shares of company stock worth $12,478,116. 45.58% of the stock is owned by corporate insiders.

Walmart Price Performance

Shares of WMT traded down $0.34 during trading hours on Tuesday, hitting $91.09. 4,191,017 shares of the company were exchanged, compared to its average volume of 10,977,998. The firm has a fifty day simple moving average of $89.58 and a 200-day simple moving average of $79.96. The company has a market capitalization of $731.76 billion, a PE ratio of 37.38, a PEG ratio of 4.47 and a beta of 0.55. 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 Inc. has a one year low of $52.23 and a one year high of $96.18.

Walmart (NYSE:WMT) last issued 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. 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 analysts’ expectations of $167.69 billion. During the same quarter last year, the business posted $0.51 EPS. Walmart’s revenue was up 5.5% on a year-over-year basis. As a group, sell-side analysts predict that Walmart Inc. will post 2.47 earnings per share for the current year.

Analysts Set New Price Targets

A number of research firms have recently weighed in on WMT. Royal Bank of Canada raised their price target on shares of Walmart from $88.00 to $92.00 and gave the stock an “overweight” rating in a research report on Monday, November 18th. Roth Mkm raised their price objective on shares of Walmart from $81.00 to $97.00 and gave the stock a “buy” rating in a report on Wednesday, November 20th. Morgan Stanley upped their target price on shares of Walmart from $89.00 to $100.00 and gave the company an “overweight” rating in a research note on Wednesday, November 20th. Stifel Nicolaus increased their target price on Walmart from $89.00 to $94.00 and gave the stock a “hold” rating in a report on Tuesday, December 10th. Finally, Evercore ISI boosted 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. Two 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. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $93.69.

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.