Armbruster Capital Management Inc. Boosts Stock Position in Walmart Inc. (NYSE:WMT)

Armbruster Capital Management Inc. lifted its position in Walmart Inc. (NYSE:WMT) by 4.2% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,395 shares of the retailer’s stock after purchasing an additional 178 shares during the quarter. Armbruster Capital Management Inc.’s holdings in Walmart were worth $397,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Peterson Financial Group Inc. purchased a new stake in Walmart during the 3rd quarter valued at about $26,000. Voisard Asset Management Group Inc. boosted its holdings in Walmart by 77.3% during the 3rd quarter. Voisard Asset Management Group Inc. now owns 399 shares of the retailer’s stock valued at $32,000 after acquiring an additional 174 shares during the period. Decker Retirement Planning Inc. purchased a new stake in Walmart during the 4th quarter valued at about $32,000. Hoese & Co LLP purchased a new stake in Walmart during the 3rd quarter valued at about $33,000. Finally, Livelsberger Financial Advisory purchased a new stake in Walmart during the 3rd quarter valued at about $36,000. 26.76% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, EVP Daniel J. Bartlett sold 1,830 shares of the firm’s stock in a transaction on Wednesday, January 15th. The stock was sold at an average price of $91.07, for a total value of $166,658.10. Following the transaction, the executive vice president now directly owns 460,705 shares of the company’s stock, valued at approximately $41,956,404.35. This trade represents a 0.40 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP John R. Furner sold 13,125 shares of the firm’s stock in a transaction on 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 completion of the transaction, the executive vice president now directly owns 568,626 shares in the company, valued at approximately $52,859,472.96. This represents a 2.26 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 140,177 shares of company stock valued at $12,895,688 in the last ninety days. 45.58% of the stock is currently owned by company insiders.

Analyst Ratings Changes

WMT has been the subject of several analyst reports. Morgan Stanley increased their target price on Walmart from $100.00 to $106.00 and gave the company an “overweight” rating in a report on Tuesday, January 21st. BMO Capital Markets lifted their price objective on Walmart from $80.00 to $100.00 and gave the stock an “outperform” rating in a research report on Monday, November 18th. Tigress Financial upped their target price on Walmart from $86.00 to $115.00 and gave the company a “buy” rating in a report on Friday, December 13th. Roth Mkm lifted their price target on shares of Walmart from $81.00 to $97.00 and gave the company a “buy” rating in a report on Wednesday, November 20th. Finally, Truist Financial upped their price objective on shares of Walmart from $89.00 to $98.00 and gave the stock a “buy” rating in a report on Wednesday, November 20th. 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 company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $94.69.

Walmart Stock Performance

WMT stock opened at $97.36 on Wednesday. The stock has a market capitalization of $782.16 billion, a PE ratio of 39.96, a price-to-earnings-growth ratio of 4.42 and a beta of 0.55. Walmart Inc. has a 12-month low of $54.51 and a 12-month high of $97.84. The company has a current ratio of 0.85, a quick ratio of 0.23 and a debt-to-equity ratio of 0.42. The stock’s 50 day simple moving average is $92.29 and its 200 day simple moving average is $82.49.

Walmart (NYSE:WMT) last released its quarterly earnings data 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 business had revenue of $169.59 billion for the quarter, compared to analysts’ expectations of $167.69 billion. Walmart had a return on equity of 21.78% and a net margin of 2.92%. The firm’s quarterly revenue was up 5.5% on a year-over-year basis. During the same period in the prior year, the firm posted $0.51 EPS. As a group, research analysts forecast that Walmart Inc. will post 2.48 earnings per share for the current fiscal year.

Walmart 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.