Walmart Inc. (NYSE:WMT) Stock Holdings Boosted by Harrell Investment Partners LLC

Harrell Investment Partners LLC raised its position in shares of Walmart Inc. (NYSE:WMT) by 1.6% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 101,140 shares of the retailer’s stock after purchasing an additional 1,583 shares during the quarter. Walmart comprises 2.6% of Harrell Investment Partners LLC’s portfolio, making the stock its 11th largest holding. Harrell Investment Partners LLC’s holdings in Walmart were worth $9,138,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in WMT. Peterson Financial Group Inc. bought a new position in Walmart during the 3rd quarter valued at $26,000. Voisard Asset Management Group Inc. boosted its stake in shares of Walmart by 77.3% during 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. Decker Retirement Planning Inc. bought a new stake in shares of Walmart during the 4th quarter worth $32,000. Hoese & Co LLP bought a new stake in shares of Walmart during the 3rd quarter worth $33,000. Finally, Livelsberger Financial Advisory bought a new stake in shares of Walmart during the 3rd quarter worth $36,000. 26.76% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the company. Truist Financial raised their price objective on Walmart from $89.00 to $98.00 and gave the stock a “buy” rating in a research note on Wednesday, November 20th. KeyCorp raised their price objective on Walmart from $96.00 to $100.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 11th. Sanford C. Bernstein raised their price objective on Walmart from $98.00 to $102.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 20th. Wells Fargo & Company increased their target price on Walmart from $96.00 to $100.00 and gave the company an “overweight” rating in a report on Friday, January 10th. Finally, Bank of America increased their target price on Walmart from $95.00 to $105.00 and gave the company a “buy” rating in a report on Wednesday, November 20th. Two investment 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.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $94.69.

Walmart Trading Up 2.8 %

Shares of NYSE:WMT opened at $97.39 on Tuesday. The company has a market cap of $782.38 billion, a P/E ratio of 39.97, a P/E/G ratio of 4.42 and a beta of 0.55. The stock’s 50-day moving average is $92.02 and its 200-day moving average is $82.29. Walmart Inc. has a 52-week low of $54.51 and a 52-week high of $97.46. 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 (NYSE:WMT) last issued its quarterly earnings results on Tuesday, November 19th. The retailer reported $0.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.53 by $0.05. The company had revenue of $169.59 billion for 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 firm’s revenue was up 5.5% compared to the same quarter last year. During the same period last year, the business posted $0.51 earnings per share. Equities research analysts predict that Walmart Inc. will post 2.48 earnings per share for the current year.

Insider Activity

In related news, EVP Daniel J. Bartlett sold 1,830 shares of Walmart stock in a transaction dated Wednesday, January 15th. The stock was sold at an average price of $91.07, for a total transaction of $166,658.10. Following the sale, the executive vice president now directly owns 460,705 shares of the company’s stock, valued at $41,956,404.35. This trade represents a 0.40 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO C Douglas Mcmillon sold 29,124 shares of Walmart stock in a transaction dated Wednesday, November 27th. The stock was sold at an average price of $91.44, for a total value of $2,663,098.56. Following the sale, the chief executive officer now directly owns 3,814,805 shares in the company, valued at approximately $348,825,769.20. This trade represents a 0.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 140,177 shares of company stock valued at $12,895,688. 45.58% of the stock is owned by insiders.

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.