Retirement Wealth Solutions LLC Acquires New Shares in Walmart Inc. (NYSE:WMT)

Retirement Wealth Solutions LLC bought a new position in Walmart Inc. (NYSE:WMT) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 676 shares of the retailer’s stock, valued at approximately $63,000.

Several other hedge funds and other institutional investors also recently modified their holdings of WMT. Peterson Financial Group Inc. bought a new position in Walmart in the 3rd quarter worth approximately $26,000. Decker Retirement Planning Inc. bought a new position in shares of Walmart in the fourth quarter worth $32,000. Voisard Asset Management Group Inc. increased its holdings in shares of Walmart by 77.3% during the third quarter. Voisard Asset Management Group Inc. now owns 399 shares of the retailer’s stock valued at $32,000 after purchasing an additional 174 shares during the period. Hoese & Co LLP bought a new stake in shares of Walmart during the third quarter valued at about $33,000. Finally, Livelsberger Financial Advisory acquired a new stake in Walmart in the third quarter worth about $36,000. Institutional investors and hedge funds own 26.76% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have commented on the stock. Guggenheim raised their target price on shares of Walmart from $90.00 to $100.00 and gave the company a “buy” rating in a research note on Wednesday, November 20th. KeyCorp boosted their target price on Walmart from $96.00 to $100.00 and gave the stock an “overweight” rating in a report on Wednesday, December 11th. UBS Group increased their price target on Walmart from $92.00 to $100.00 and gave the company a “buy” rating in a research note on Wednesday, November 20th. Piper Sandler boosted their price objective on Walmart from $83.00 to $93.00 and gave the stock an “overweight” rating in a research note on Monday, November 18th. Finally, Evercore ISI raised their target price on Walmart from $94.00 to $96.00 and gave the company an “outperform” rating in a research note on Tuesday, December 3rd. Two investment analysts have rated the stock with a hold rating, twenty-nine have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $94.49.

Walmart Stock Up 0.8 %

Shares of Walmart stock opened at $92.02 on Friday. The stock has a 50-day simple moving average of $91.15 and a 200-day simple moving average of $81.27. Walmart Inc. has a 52-week low of $53.44 and a 52-week high of $96.18. The firm has a market cap 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 company has a debt-to-equity ratio of 0.42, a current ratio of 0.85 and a quick ratio of 0.23.

Walmart (NYSE:WMT) last posted its earnings results on Tuesday, November 19th. The retailer reported $0.58 EPS for the quarter, topping the consensus estimate of $0.53 by $0.05. The company had revenue of $169.59 billion during the quarter, compared to the consensus estimate of $167.69 billion. Walmart had a net margin of 2.92% and a return on equity of 21.78%. The company’s revenue for the quarter was up 5.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.51 earnings per share. On average, equities research analysts expect that Walmart Inc. will post 2.47 earnings per share for the current fiscal year.

Insider Buying and Selling at Walmart

In other news, EVP John R. Furner sold 13,125 shares of Walmart stock in a transaction that occurred on Thursday, December 26th. The shares were sold at an average price of $92.60, for a total value of $1,215,375.00. Following the transaction, the executive vice president now owns 566,794 shares of the company’s stock, valued at $52,485,124.40. This trade represents a 2.26 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO C Douglas Mcmillon sold 29,124 shares of the company’s stock in a transaction on Thursday, October 24th. The stock was sold at an average price of $82.79, for a total transaction of $2,411,175.96. Following the sale, the chief executive officer now directly owns 3,843,929 shares of the company’s stock, valued at approximately $318,238,881.91. This represents a 0.75 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 140,177 shares of company stock worth $12,478,149 over the last three months. Corporate insiders own 45.58% of the company’s stock.

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.