Abound Wealth Management Boosts Holdings in Walmart Inc. (NYSE:WMT)

Abound Wealth Management increased its position in shares of Walmart Inc. (NYSE:WMT) by 6.4% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 2,301 shares of the retailer’s stock after buying an additional 139 shares during the quarter. Abound Wealth Management’s holdings in Walmart were worth $208,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Geode Capital Management LLC raised its holdings in shares of Walmart by 3.3% in the 3rd quarter. Geode Capital Management LLC now owns 87,617,409 shares of the retailer’s stock valued at $7,048,465,000 after buying an additional 2,786,061 shares during the period. FMR LLC lifted its position in shares of Walmart by 12.9% during the third quarter. FMR LLC now owns 63,135,639 shares of the retailer’s stock worth $5,098,203,000 after purchasing an additional 7,200,004 shares in the last quarter. Fisher Asset Management LLC boosted 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. Franklin Resources Inc. grew its holdings in shares of Walmart by 3.7% in the third quarter. Franklin Resources Inc. now owns 41,501,782 shares of the retailer’s stock valued at $3,392,658,000 after purchasing an additional 1,480,927 shares in the last quarter. Finally, Legal & General Group Plc increased its stake in Walmart by 1.8% during the 2nd quarter. Legal & General Group Plc now owns 36,282,740 shares of the retailer’s stock worth $2,456,704,000 after buying an additional 644,353 shares during the period. 26.76% of the stock is currently owned by institutional investors and hedge funds.

Walmart Trading Down 1.7 %

Shares of WMT stock traded down $1.57 during mid-day trading on Monday, hitting $91.43. 11,618,872 shares of the company’s stock were exchanged, compared to its average volume of 13,470,007. The stock has a market cap of $734.49 billion, a price-to-earnings ratio of 37.52, a PEG ratio of 4.47 and a beta of 0.55. Walmart Inc. has a fifty-two week low of $53.44 and a fifty-two week 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 50-day simple moving average of $90.38 and a two-hundred day simple moving average of $80.63.

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 company 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 was up 5.5% on a year-over-year basis. During the same quarter last year, the firm posted $0.51 earnings per share. Equities analysts expect that Walmart Inc. will post 2.47 EPS for the current fiscal year.

Insider Transactions at Walmart

In other Walmart news, CEO C Douglas Mcmillon sold 29,124 shares of the company’s stock in a transaction that occurred on Thursday, October 24th. The stock was sold at an average price of $82.79, for a total value of $2,411,175.96. Following the completion of the transaction, the chief executive officer now owns 3,843,929 shares in the company, valued at $318,238,881.91. This represents a 0.75 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Daniel J. Bartlett sold 2,065 shares of Walmart stock in a transaction that occurred 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 sale, the executive vice president now owns 457,493 shares in the company, valued at $36,915,110.17. This represents a 0.45 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 140,412 shares of company stock valued at $12,478,116 over the last 90 days. Corporate insiders own 45.58% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have commented on WMT shares. Royal Bank of Canada boosted their price target on shares of Walmart from $88.00 to $92.00 and gave the stock an “overweight” rating in a research note on Monday, November 18th. Wells Fargo & Company increased their price target on Walmart from $96.00 to $100.00 and gave the company an “overweight” rating in a research report on Friday. Citigroup boosted their price objective on Walmart from $75.00 to $98.00 and gave the stock a “buy” rating in a research report on Friday, September 27th. Piper Sandler lifted their price target on shares of Walmart from $83.00 to $93.00 and gave the stock an “overweight” rating in a research note on Monday, November 18th. Finally, Telsey Advisory Group boosted their price target on shares of Walmart from $92.00 to $100.00 and gave the stock an “outperform” rating in a report on Tuesday, November 19th. 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 stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $94.08.

Walmart Company 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.