Perfromance Wealth Partners LLC Grows Position in Walmart Inc. (NYSE:WMT)

Perfromance Wealth Partners LLC raised its position in Walmart Inc. (NYSE:WMT) by 2.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 406,878 shares of the retailer’s stock after purchasing an additional 8,084 shares during the quarter. Walmart accounts for approximately 1.2% of Perfromance Wealth Partners LLC’s holdings, making the stock its 14th biggest holding. Perfromance Wealth Partners LLC’s holdings in Walmart were worth $36,761,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in WMT. Oxinas Partners Wealth Management LLC lifted its stake in shares of Walmart by 1.5% during the 4th quarter. Oxinas Partners Wealth Management LLC now owns 9,071 shares of the retailer’s stock worth $820,000 after acquiring an additional 136 shares during the last quarter. Mitsubishi UFJ Asset Management UK Ltd. increased its stake in Walmart by 66.7% in the fourth quarter. Mitsubishi UFJ Asset Management UK Ltd. now owns 25,000 shares of the retailer’s stock worth $2,259,000 after purchasing an additional 10,000 shares during the period. Fort Washington Investment Advisors Inc. OH boosted its stake in shares of Walmart by 7.0% during the fourth quarter. Fort Washington Investment Advisors Inc. OH now owns 77,618 shares of the retailer’s stock valued at $7,013,000 after purchasing an additional 5,057 shares during the period. Enclave Advisors LLC grew its holdings in shares of Walmart by 26.4% in the fourth quarter. Enclave Advisors LLC now owns 128,701 shares of the retailer’s stock worth $11,633,000 after purchasing an additional 26,866 shares during the last quarter. Finally, LifePlan Financial LLC increased its stake in Walmart by 96.9% in the 4th quarter. LifePlan Financial LLC now owns 11,949 shares of the retailer’s stock worth $1,080,000 after buying an additional 5,881 shares during the period. Institutional investors own 26.76% of the company’s stock.

Insider Buying and Selling

In other Walmart news, EVP Daniel J. Bartlett sold 1,830 shares of the firm’s stock in a transaction that occurred on Wednesday, January 15th. The shares were sold at an average price of $91.07, for a total transaction of $166,658.10. Following the completion of the transaction, the executive vice president now directly owns 460,705 shares of the company’s stock, valued at approximately $41,956,404.35. This trade represents a 0.40 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO C Douglas Mcmillon sold 29,124 shares of the company’s stock in a transaction on Thursday, December 26th. The shares were sold at an average price of $92.35, for a total transaction of $2,689,601.40. Following the completion of the sale, the chief executive officer now directly owns 3,785,702 shares in the company, valued at $349,609,579.70. This trade represents a 0.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 97,928 shares of company stock valued at $8,978,123 over the last quarter. 45.58% of the stock is currently owned by company insiders.

Walmart Trading Up 0.2 %

NYSE WMT opened at $93.26 on Thursday. Walmart Inc. has a 12-month low of $53.44 and a 12-month high of $96.18. The company has a fifty day simple moving average of $91.47 and a two-hundred day simple moving average of $81.79. 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 stock has a market cap of $749.19 billion, a P/E ratio of 38.27, a P/E/G ratio of 4.36 and a beta of 0.55.

Walmart (NYSE:WMT) last issued its earnings results 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 company had revenue of $169.59 billion during 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%. The firm’s quarterly revenue was up 5.5% on a year-over-year basis. During the same quarter last year, the business posted $0.51 EPS. On average, analysts forecast that Walmart Inc. will post 2.47 earnings per share for the current year.

Analysts Set New Price Targets

Several research firms have issued reports on WMT. Jefferies Financial Group boosted their price objective on shares of Walmart from $105.00 to $111.00 and gave the company a “buy” rating in a research report on Tuesday, December 17th. Stifel Nicolaus increased their price objective on Walmart from $89.00 to $94.00 and gave the stock a “hold” rating in a research note on Tuesday, December 10th. BMO Capital Markets lifted their target price on Walmart from $80.00 to $100.00 and gave the company an “outperform” rating in a research report on Monday, November 18th. Truist Financial increased their price target on Walmart from $89.00 to $98.00 and gave the stock a “buy” rating in a research report on Wednesday, November 20th. Finally, Barclays lifted their price objective on Walmart from $90.00 to $98.00 and gave the company an “overweight” rating in a report on Thursday, January 9th. Two analysts have rated the stock with a hold rating, twenty-nine have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Walmart has a consensus rating of “Moderate Buy” and a consensus price target of $94.69.

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.