McGlone Suttner Wealth Management Inc. Increases Stock Position in Walmart Inc. (NYSE:WMT)

McGlone Suttner Wealth Management Inc. boosted its holdings in Walmart Inc. (NYSE:WMT) by 6.4% in the fourth quarter, Holdings Channel reports. The institutional investor owned 19,093 shares of the retailer’s stock after acquiring an additional 1,150 shares during the quarter. McGlone Suttner Wealth Management Inc.’s holdings in Walmart were worth $1,725,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Peterson Financial Group Inc. bought a new position in Walmart in the 3rd quarter valued at $26,000. Decker Retirement Planning Inc. bought a new stake in Walmart during the fourth quarter valued at $32,000. Voisard Asset Management Group Inc. grew its position in Walmart by 77.3% during the third quarter. Voisard Asset Management Group Inc. now owns 399 shares of the retailer’s stock worth $32,000 after buying an additional 174 shares in the last quarter. Hoese & Co LLP bought a new position in Walmart in the 3rd quarter worth about $33,000. Finally, Livelsberger Financial Advisory purchased a new stake in shares of Walmart in the 3rd quarter valued at about $36,000. Institutional investors own 26.76% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on WMT. KeyCorp raised their target price on shares of Walmart from $96.00 to $100.00 and gave the company an “overweight” rating in a research note on Wednesday, December 11th. Telsey Advisory Group raised their price objective on shares of Walmart from $92.00 to $100.00 and gave the company an “outperform” rating in a research report on Tuesday, November 19th. Barclays increased their target price on Walmart from $90.00 to $98.00 and gave the company an “overweight” rating in a research note on Thursday, January 9th. Oppenheimer lifted their price target on Walmart from $81.00 to $90.00 and gave the stock an “outperform” rating in a research note on Monday, October 14th. Finally, DZ Bank cut shares of Walmart from a “buy” rating to a “hold” rating and set a $91.00 price target on the stock. in a research report on Thursday, November 21st. Two equities research analysts have rated the stock with a hold rating, twenty-nine have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Walmart has a consensus rating of “Moderate Buy” and an average price target of $94.69.

Walmart Price Performance

NYSE WMT opened at $94.84 on Friday. The stock has a market capitalization of $761.90 billion, a price-to-earnings ratio of 38.92, a PEG ratio of 4.42 and a beta of 0.55. Walmart Inc. has a 1-year low of $53.47 and a 1-year high of $96.18. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.85 and a quick ratio of 0.23. The business’s fifty day moving average price is $92.02 and its 200-day moving average price is $82.13.

Walmart (NYSE:WMT) last announced its earnings results on Tuesday, November 19th. The retailer reported $0.58 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.53 by $0.05. Walmart had a return on equity of 21.78% and a net margin of 2.92%. The business had revenue of $169.59 billion for the quarter, compared to analysts’ expectations of $167.69 billion. During the same period last year, the firm posted $0.51 earnings per share. The business’s revenue for the quarter was up 5.5% on a year-over-year basis. On average, equities analysts predict that Walmart Inc. will post 2.48 earnings per share for the current year.

Insider Buying and Selling at Walmart

In other news, EVP John R. Furner sold 13,125 shares of the firm’s stock in a transaction dated Thursday, January 23rd. The stock was sold at an average price of $92.96, for a total value of $1,220,100.00. Following the transaction, the executive vice president now owns 568,626 shares of the company’s stock, valued at $52,859,472.96. This trade represents a 2.26 % 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, EVP John D. Rainey sold 3,000 shares of the business’s stock in a transaction that occurred on Friday, November 1st. The shares were sold at an average price of $82.12, for a total value of $246,360.00. Following the transaction, the executive vice president now owns 378,165 shares of the company’s stock, valued at approximately $31,054,909.80. This trade represents a 0.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 140,177 shares of company stock valued at $12,895,688. Insiders own 45.58% of the company’s stock.

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.