Walmart Inc. (NYSE:WMT) Shares Bought by Professional Financial Advisors LLC

Professional Financial Advisors LLC lifted its holdings in shares of Walmart Inc. (NYSE:WMT) by 3.8% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 22,672 shares of the retailer’s stock after acquiring an additional 833 shares during the period. Professional Financial Advisors LLC’s holdings in Walmart were worth $2,048,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Peterson Financial Group Inc. acquired a new stake in shares of Walmart during the third quarter worth about $26,000. Voisard Asset Management Group Inc. boosted its holdings 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 during the last quarter. Hoese & Co LLP purchased a new position in shares of Walmart during the third quarter worth $33,000. Livelsberger Financial Advisory acquired a new position in Walmart during the third quarter valued at $36,000. Finally, Hara Capital LLC purchased a new stake in shares of Walmart in the third quarter worth about $37,000. 26.76% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other Walmart news, EVP John R. Furner sold 13,125 shares of Walmart stock in a transaction dated Thursday, October 24th. The stock was sold at an average price of $82.96, for a total value of $1,088,850.00. Following the completion of the transaction, the executive vice president now directly owns 593,040 shares of the company’s stock, valued at $49,198,598.40. The trade was a 2.17 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Robert Edward Jr. Moritz purchased 5,446 shares of Walmart stock in a transaction dated Wednesday, November 27th. The shares were acquired at an average cost of $91.81 per share, for a total transaction of $499,997.26. Following the transaction, the director now directly owns 7,805 shares of the company’s stock, valued at approximately $716,577.05. This represents a 230.86 % increase in their position. The disclosure for this purchase can be found here. In the last three months, insiders have sold 138,347 shares of company stock valued at $12,311,491. Company insiders own 45.58% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently commented on WMT. StockNews.com lowered shares of Walmart from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, November 20th. Guggenheim lifted their price target on Walmart from $90.00 to $100.00 and gave the company a “buy” rating in a research note on Wednesday, November 20th. KeyCorp lifted their target price on shares of Walmart from $96.00 to $100.00 and gave the company an “overweight” rating in a research report on Wednesday, December 11th. TD Cowen raised their price target on shares of Walmart from $90.00 to $100.00 and gave the company a “buy” rating in a research note on Wednesday, November 20th. Finally, Piper Sandler boosted their price objective on Walmart from $83.00 to $93.00 and gave the stock an “overweight” rating in a research note on Monday, November 18th. Two investment analysts have rated the stock with a hold rating, twenty-nine have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $94.08.

Walmart Price Performance

WMT stock opened at $90.79 on Wednesday. Walmart Inc. has a 52-week low of $53.44 and a 52-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 market cap of $729.35 billion, a price-to-earnings ratio of 37.26, a price-to-earnings-growth ratio of 4.47 and a beta of 0.55. The business has a fifty day moving average of $90.70 and a two-hundred day moving average of $80.96.

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