Outlook Wealth Advisors LLC Raises Holdings in Walmart Inc. (NYSE:WMT)

Outlook Wealth Advisors LLC lifted its position in Walmart Inc. (NYSE:WMT) by 1.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 15,058 shares of the retailer’s stock after purchasing an additional 268 shares during the quarter. Outlook Wealth Advisors LLC’s holdings in Walmart were worth $1,360,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in WMT. Garner Asset Management Corp grew its position in Walmart by 10.0% in the 2nd quarter. Garner Asset Management Corp now owns 45,432 shares of the retailer’s stock valued at $3,076,000 after buying an additional 4,133 shares during the last quarter. Mittelman Wealth Management acquired a new stake in shares of Walmart during the 2nd quarter valued at approximately $227,000. WCG Wealth Advisors LLC grew its holdings in Walmart by 2.3% in the second quarter. WCG Wealth Advisors LLC now owns 94,503 shares of the retailer’s stock valued at $6,399,000 after purchasing an additional 2,134 shares during the last quarter. Delaney Dennis R acquired a new position in Walmart during the second quarter worth about $200,000. Finally, Austin Asset Management Co Inc grew its holdings in Walmart by 2.4% during the 2nd quarter. Austin Asset Management Co Inc now owns 8,307 shares of the retailer’s stock valued at $562,000 after buying an additional 195 shares during the last quarter. 26.76% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Walmart news, SVP David Chojnowski sold 5,600 shares of the business’s stock in a transaction dated Wednesday, November 27th. The stock was sold at an average price of $91.45, for a total transaction of $512,120.00. Following the completion of the transaction, the senior vice president now owns 87,404 shares of the company’s stock, valued at approximately $7,993,095.80. The trade was a 6.02 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP John R. Furner sold 13,125 shares of the stock in a transaction on Thursday, October 24th. The shares were 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 owns 593,040 shares of the company’s stock, valued at $49,198,598.40. The trade was a 2.17 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 138,347 shares of company stock valued at $12,311,491 over the last 90 days. 45.58% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on WMT shares. Robert W. Baird raised their target price on shares of Walmart from $90.00 to $100.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 20th. Stifel Nicolaus boosted 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. DZ Bank lowered shares of Walmart from a “buy” rating to a “hold” rating and set a $91.00 price target on the stock. in a report on Thursday, November 21st. Melius Research started coverage on shares of Walmart in a research note on Monday, September 23rd. They set a “buy” rating and a $95.00 price objective for the company. Finally, Oppenheimer raised their target price on shares of Walmart from $81.00 to $90.00 and gave the company an “outperform” rating in a research note on Monday, October 14th. Two analysts have rated the stock with a hold rating, twenty-nine have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $94.49.

Walmart Stock Performance

Shares of WMT opened at $91.33 on Friday. The firm has a market cap of $733.70 billion, a P/E ratio of 37.48, a PEG ratio of 4.41 and a beta of 0.55. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.23 and a current ratio of 0.85. Walmart Inc. has a twelve month low of $53.44 and a twelve month high of $96.18. The firm’s 50 day moving average price is $90.86 and its two-hundred day moving average price is $81.03.

Walmart (NYSE:WMT) last released its earnings results on Tuesday, November 19th. The retailer reported $0.58 earnings per share (EPS) for the quarter, beating 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 business had revenue of $169.59 billion for the quarter, compared to the consensus estimate of $167.69 billion. During the same quarter in the previous year, the business earned $0.51 earnings per share. Walmart’s quarterly revenue was up 5.5% on a year-over-year basis. On average, analysts forecast that Walmart Inc. will post 2.47 EPS 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.