Wealth Management Partners LLC Raises Stock Holdings in Walmart Inc. (NYSE:WMT)

Wealth Management Partners LLC raised its position in shares of Walmart Inc. (NYSE:WMT) by 5.8% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 15,506 shares of the retailer’s stock after purchasing an additional 846 shares during the quarter. Wealth Management Partners LLC’s holdings in Walmart were worth $1,401,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the company. Brophy Wealth Management LLC purchased a new stake in Walmart in the third quarter valued at approximately $2,072,000. Bank of New Hampshire lifted its stake in Walmart by 13.7% during the 4th quarter. Bank of New Hampshire now owns 47,949 shares of the retailer’s stock valued at $4,332,000 after acquiring an additional 5,786 shares during the period. Iowa State Bank boosted its holdings in shares of Walmart by 213.8% in the 4th quarter. Iowa State Bank now owns 26,807 shares of the retailer’s stock valued at $2,422,000 after acquiring an additional 18,263 shares during the last quarter. Fisher Asset Management LLC increased its stake in shares of Walmart by 4.6% in the third quarter. Fisher Asset Management LLC now owns 47,659,844 shares of the retailer’s stock worth $3,848,533,000 after acquiring an additional 2,107,197 shares during the period. Finally, Virtu Financial LLC purchased a new position in shares of Walmart during the third quarter worth $541,000. 26.76% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Walmart

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 value of $166,658.10. Following the completion of the transaction, the executive vice president now owns 460,705 shares of the company’s stock, valued at $41,956,404.35. This trade represents a 0.40 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CEO C Douglas Mcmillon sold 29,124 shares of the business’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 completion of the transaction, the chief executive officer now owns 3,843,929 shares of the company’s stock, valued at approximately $318,238,881.91. This trade represents a 0.75 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 140,177 shares of company stock valued at $12,478,149 over the last quarter. 45.58% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the company. Robert W. Baird increased their price target on Walmart from $90.00 to $100.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 20th. Truist Financial raised their target price on Walmart from $89.00 to $98.00 and gave the stock a “buy” rating in a report on Wednesday, November 20th. Citigroup boosted their price target on Walmart from $75.00 to $98.00 and gave the company a “buy” rating in a report on Friday, September 27th. Redburn Atlantic raised shares of Walmart to a “strong-buy” rating in a research note on Monday, September 23rd. Finally, Melius Research began coverage on shares of Walmart in a research note on Monday, September 23rd. They issued a “buy” rating and a $95.00 target price for the company. Two research 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, the company currently has an average rating of “Moderate Buy” and a consensus target price of $94.49.

Walmart Stock Performance

NYSE WMT opened at $92.02 on Tuesday. The stock has a market cap of $739.19 billion, a PE ratio of 37.76, a P/E/G ratio of 4.41 and a beta of 0.55. Walmart Inc. has a twelve month low of $53.44 and a twelve month high of $96.18. The stock has a fifty day simple moving average of $91.15 and a 200-day simple moving average of $81.46. The company has a current ratio of 0.85, a quick ratio of 0.23 and a debt-to-equity ratio of 0.42.

Walmart (NYSE:WMT) last announced its quarterly earnings results on Tuesday, November 19th. The retailer reported $0.58 earnings per share for the quarter, beating analysts’ consensus estimates of $0.53 by $0.05. The business had revenue of $169.59 billion during the quarter, compared to analysts’ expectations of $167.69 billion. Walmart had a net margin of 2.92% and a return on equity of 21.78%. The business’s revenue for the quarter was up 5.5% on a year-over-year basis. During the same period last year, the business earned $0.51 earnings per share. Equities analysts anticipate that Walmart Inc. will post 2.47 earnings per share for the current year.

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.