Brady Martz Wealth Solutions LLC Invests $204,000 in Walmart Inc. (NYSE:WMT)

Brady Martz Wealth Solutions LLC purchased a new stake in Walmart Inc. (NYSE:WMT) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 2,243 shares of the retailer’s stock, valued at approximately $204,000.

Other hedge funds have also recently bought and sold shares of the company. Peterson Financial Group Inc. bought a new position in Walmart during the 3rd quarter valued at about $26,000. Decker Retirement Planning Inc. bought a new position in shares of Walmart in the fourth quarter valued at approximately $32,000. 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 worth $32,000 after acquiring an additional 174 shares in the last quarter. Hoese & Co LLP bought a new stake in Walmart during the 3rd quarter worth approximately $33,000. Finally, Livelsberger Financial Advisory acquired a new stake in Walmart during the 3rd quarter valued at $36,000. 26.76% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the company. Barclays boosted their price objective on Walmart from $90.00 to $98.00 and gave the stock an “overweight” rating in a research note on Thursday, January 9th. KeyCorp raised their price objective 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. Guggenheim upped their target price on shares of Walmart from $90.00 to $100.00 and gave the stock a “buy” rating in a research report on Wednesday, November 20th. Piper Sandler increased their price target 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 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’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $94.49.

Walmart Stock Performance

WMT opened at $92.02 on Monday. 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 company has a market capitalization of $739.19 billion, a price-to-earnings ratio of 37.76, a P/E/G ratio of 4.41 and a beta of 0.55. The business’s 50-day moving average price is $91.15 and its two-hundred day moving average price is $81.37. Walmart Inc. has a 1 year low of $53.44 and a 1 year high of $96.18.

Walmart (NYSE:WMT) last released 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. Walmart had a return on equity of 21.78% and a net margin of 2.92%. The firm had revenue of $169.59 billion during the quarter, compared to the consensus estimate of $167.69 billion. During the same quarter in the prior year, the firm posted $0.51 EPS. The business’s revenue was up 5.5% on a year-over-year basis. Equities analysts expect that Walmart Inc. will post 2.47 EPS for the current fiscal year.

Insiders Place Their Bets

In other Walmart news, EVP John D. Rainey sold 3,000 shares of the company’s stock in a transaction on Friday, November 1st. The shares were sold at an average price of $82.12, for a total transaction of $246,360.00. Following the sale, the executive vice president now directly owns 378,165 shares of the company’s stock, valued at approximately $31,054,909.80. This represents a 0.79 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO C Douglas Mcmillon sold 29,124 shares of the company’s stock in a transaction dated Thursday, October 24th. The shares were sold at an average price of $82.79, for a total transaction of $2,411,175.96. Following the completion of the sale, the chief executive officer now directly 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 disclosure for this sale can be found here. Insiders have sold 140,177 shares of company stock valued at $12,478,149 in the last three months. 45.58% of the stock is currently owned by corporate insiders.

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.