Walmart Inc. (NYSE:WMT) Shares Bought by Park Place Capital Corp

Park Place Capital Corp grew its stake in Walmart Inc. (NYSE:WMT) by 1.9% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 28,118 shares of the retailer’s stock after purchasing an additional 526 shares during the quarter. Park Place Capital Corp’s holdings in Walmart were worth $2,540,000 as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of WMT. Peterson Financial Group Inc. bought a new stake in Walmart during the third quarter valued at $26,000. Decker Retirement Planning Inc. acquired a new position in shares of Walmart in the 4th quarter valued at about $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 valued at $32,000 after buying an additional 174 shares during the period. Hoese & Co LLP bought a new stake in shares of Walmart during the 3rd quarter valued at about $33,000. Finally, Livelsberger Financial Advisory acquired a new stake in Walmart during the third quarter worth about $36,000. Institutional investors own 26.76% of the company’s stock.

Wall Street Analysts Forecast Growth

WMT has been the subject of several recent research reports. DZ Bank lowered Walmart from a “buy” rating to a “hold” rating and set a $91.00 target price for the company. in a report on Thursday, November 21st. Piper Sandler upped 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. Guggenheim raised their target price on Walmart from $90.00 to $100.00 and gave the company a “buy” rating in a research note on Wednesday, November 20th. UBS Group upped their price target on shares of Walmart from $92.00 to $100.00 and gave the stock a “buy” rating in a research report on Wednesday, November 20th. Finally, Barclays lifted their price objective on shares of Walmart from $90.00 to $98.00 and gave the company an “overweight” rating in a research report on Thursday, January 9th. Two research 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 stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $94.69.

Insider Buying and Selling at Walmart

In other Walmart news, Director Robert Edward Jr. Moritz bought 5,446 shares of Walmart stock in a transaction on Wednesday, November 27th. The stock was purchased at an average cost of $91.81 per share, for a total transaction of $499,997.26. Following the completion of the purchase, the director now directly owns 7,805 shares of the company’s stock, valued at $716,577.05. The trade was a 230.86 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP John D. Rainey sold 3,000 shares of the stock in a transaction on Friday, November 1st. The stock was sold at an average price of $82.12, for a total transaction of $246,360.00. Following the transaction, the executive vice president now owns 378,165 shares in the company, valued at approximately $31,054,909.80. This trade represents a 0.79 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 97,928 shares of company stock valued at $8,978,123 in the last quarter. Company insiders own 45.58% of the company’s stock.

Walmart Price Performance

NYSE WMT opened at $93.75 on Friday. The stock’s 50-day moving average price is $91.62 and its two-hundred day moving average price is $81.87. The company has a market cap of $753.12 billion, a PE ratio of 38.47, a PEG ratio of 4.42 and a beta of 0.55. 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 Inc. has a 1 year low of $53.44 and a 1 year high of $96.18.

Walmart (NYSE:WMT) last issued 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 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%. Walmart’s revenue for the quarter was up 5.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.51 earnings per share. On average, analysts predict that Walmart Inc. will post 2.47 EPS for the current year.

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.