Walmart Inc. (NYSE:WMT) Shares Bought by Mirador Capital Partners LP

Mirador Capital Partners LP lifted its position in shares of Walmart Inc. (NYSE:WMT) by 29.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,976 shares of the retailer’s stock after acquiring an additional 1,344 shares during the quarter. Mirador Capital Partners LP’s holdings in Walmart were worth $540,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of WMT. Geode Capital Management LLC grew its holdings in Walmart by 3.3% in the third quarter. Geode Capital Management LLC now owns 87,617,409 shares of the retailer’s stock valued at $7,048,465,000 after purchasing an additional 2,786,061 shares during the last quarter. FMR LLC grew its stake in Walmart by 12.9% in the 3rd quarter. FMR LLC now owns 63,135,639 shares of the retailer’s stock valued at $5,098,203,000 after acquiring an additional 7,200,004 shares during the last quarter. Fisher Asset Management LLC increased its holdings in Walmart by 4.6% during the 3rd quarter. Fisher Asset Management LLC now owns 47,659,844 shares of the retailer’s stock valued at $3,848,533,000 after acquiring an additional 2,107,197 shares in the last quarter. Franklin Resources Inc. increased its holdings in Walmart by 3.7% during the 3rd quarter. Franklin Resources Inc. now owns 41,501,782 shares of the retailer’s stock valued at $3,392,658,000 after acquiring an additional 1,480,927 shares in the last quarter. Finally, Legal & General Group Plc raised its position in Walmart by 1.8% during the second quarter. Legal & General Group Plc now owns 36,282,740 shares of the retailer’s stock worth $2,456,704,000 after acquiring an additional 644,353 shares during the last quarter. Institutional investors and hedge funds own 26.76% of the company’s stock.

Walmart Stock Performance

Shares of NYSE:WMT opened at $91.33 on Friday. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.85 and a quick ratio of 0.23. The business’s fifty day moving average price is $90.86 and its two-hundred day moving average price is $81.03. Walmart Inc. has a fifty-two week low of $53.44 and a fifty-two week high of $96.18. The stock has a market capitalization of $733.70 billion, a price-to-earnings ratio of 37.48, a price-to-earnings-growth ratio of 4.41 and a beta of 0.55.

Walmart (NYSE:WMT) last posted its earnings results 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 business had revenue of $169.59 billion for the quarter, compared to analyst estimates of $167.69 billion. Walmart had a net margin of 2.92% and a return on equity of 21.78%. The firm’s quarterly revenue was up 5.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.51 EPS. As a group, analysts predict that Walmart Inc. will post 2.47 EPS for the current fiscal year.

Insider Activity at Walmart

In other Walmart news, Director Robert Edward Jr. Moritz bought 5,446 shares of Walmart stock in a transaction dated Wednesday, November 27th. The shares were bought at an average price of $91.81 per share, with a total value of $499,997.26. Following the purchase, the director now owns 7,805 shares of the company’s stock, valued at $716,577.05. This trade represents a 230.86 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CEO C Douglas Mcmillon sold 29,124 shares of Walmart stock in a transaction on Thursday, December 26th. The stock was sold at an average price of $92.35, for a total transaction of $2,689,601.40. Following the sale, the chief executive officer now directly owns 3,785,702 shares of the company’s stock, valued at $349,609,579.70. This represents a 0.76 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 138,347 shares of company stock valued at $12,311,491 over the last ninety days. 45.58% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the company. Roth Mkm upped their target price on Walmart from $81.00 to $97.00 and gave the company a “buy” rating in a research note on Wednesday, November 20th. KeyCorp upped their price objective on Walmart from $96.00 to $100.00 and gave the company an “overweight” rating in a research report on Wednesday, December 11th. Citigroup lifted 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 boosted their target price on shares of Walmart from $83.00 to $93.00 and gave the company an “overweight” rating in a research note on Monday, November 18th. Finally, StockNews.com cut shares of Walmart from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, November 20th. Two analysts have rated the stock with a hold rating, twenty-nine have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $94.49.

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.