Walmart Inc. (NYSE:WMT) Shares Acquired by JCIC Asset Management Inc.

JCIC Asset Management Inc. grew its stake in shares of Walmart Inc. (NYSE:WMT) by 1.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 45,266 shares of the retailer’s stock after purchasing an additional 630 shares during the period. Walmart comprises about 1.7% of JCIC Asset Management Inc.’s holdings, making the stock its 20th biggest holding. JCIC Asset Management Inc.’s holdings in Walmart were worth $4,090,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of WMT. Peterson Financial Group Inc. acquired a new position in shares of Walmart in the third quarter worth about $26,000. Voisard Asset Management Group Inc. lifted its position in shares of Walmart by 77.3% in the 3rd quarter. Voisard Asset Management Group Inc. now owns 399 shares of the retailer’s stock valued at $32,000 after acquiring an additional 174 shares in the last quarter. Hoese & Co LLP acquired a new position in Walmart in the 3rd quarter worth approximately $33,000. Livelsberger Financial Advisory purchased a new position in Walmart during the 3rd quarter worth approximately $36,000. Finally, Hara Capital LLC acquired a new stake in Walmart during the 3rd quarter valued at $37,000. Institutional investors and hedge funds own 26.76% of the company’s stock.

Insider Activity

In other news, CEO C Douglas Mcmillon sold 29,124 shares of Walmart 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 transaction, the chief executive officer now owns 3,843,929 shares in the company, valued at approximately $318,238,881.91. The trade was a 0.75 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Robert Edward Jr. Moritz acquired 5,446 shares of the firm’s stock in a transaction on Wednesday, November 27th. The shares were bought at an average cost of $91.81 per share, for a total transaction of $499,997.26. Following the acquisition, the director now owns 7,805 shares in the company, valued at approximately $716,577.05. The trade was a 230.86 % increase in their ownership of the stock. The disclosure for this purchase 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 currently owned by corporate insiders.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on the company. Guggenheim lifted their price target on Walmart from $90.00 to $100.00 and gave the company a “buy” rating in a report on Wednesday, November 20th. Stifel Nicolaus lifted their target price on Walmart from $89.00 to $94.00 and gave the company a “hold” rating in a research note on Tuesday, December 10th. Truist Financial increased their price target on shares of Walmart from $89.00 to $98.00 and gave the stock a “buy” rating in a research report on Wednesday, November 20th. Barclays boosted their price objective on shares of Walmart from $90.00 to $98.00 and gave the company an “overweight” rating in a research report on Thursday. Finally, UBS Group increased their target price on shares of Walmart from $92.00 to $100.00 and gave the stock a “buy” rating in a research report on Wednesday, November 20th. Two investment analysts have rated the stock with a hold rating, twenty-nine have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Walmart has a consensus rating of “Moderate Buy” and a consensus target price of $94.08.

Walmart Stock Performance

WMT stock traded down $1.41 during trading on Monday, reaching $91.59. 10,559,900 shares of the stock were exchanged, compared to its average volume of 13,295,982. Walmart Inc. has a twelve month low of $53.44 and a twelve month high of $96.18. The company has a current ratio of 0.85, a quick ratio of 0.23 and a debt-to-equity ratio of 0.42. The company has a market capitalization of $735.78 billion, a P/E ratio of 37.59, a price-to-earnings-growth ratio of 4.47 and a beta of 0.55. The stock has a 50 day simple moving average of $90.38 and a 200-day simple moving average of $80.63.

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