Acorn Creek Capital LLC Acquires 162 Shares of Walmart Inc. (NYSE:WMT)

Acorn Creek Capital LLC boosted its holdings in shares of Walmart Inc. (NYSE:WMT) by 5.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 3,353 shares of the retailer’s stock after buying an additional 162 shares during the quarter. Acorn Creek Capital LLC’s holdings in Walmart were worth $303,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in WMT. Peterson Financial Group Inc. purchased a new stake 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 approximately $32,000. Voisard Asset Management Group Inc. increased its stake in shares of Walmart by 77.3% in the third quarter. Voisard Asset Management Group Inc. now owns 399 shares of the retailer’s stock worth $32,000 after purchasing an additional 174 shares in the last quarter. Hoese & Co LLP bought a new stake in shares of Walmart during the 3rd quarter valued at $33,000. Finally, Livelsberger Financial Advisory purchased a new position in shares of Walmart during the 3rd quarter valued at $36,000. 26.76% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the company. Bank of America increased their price target on Walmart from $95.00 to $105.00 and gave the stock a “buy” rating in a research note on Wednesday, November 20th. Stifel Nicolaus lifted their target price on Walmart from $89.00 to $94.00 and gave the company a “hold” rating in a research note on Tuesday, December 10th. Evercore ISI upped their price target on Walmart from $94.00 to $96.00 and gave the stock an “outperform” rating in a research note on Tuesday, December 3rd. Telsey Advisory Group lifted 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. Finally, Morgan Stanley upped their target price on shares of Walmart from $100.00 to $106.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 21st. Two investment analysts have rated the stock with a hold rating, twenty-nine have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $94.69.

Insiders Place Their Bets

In other Walmart news, SVP David Chojnowski sold 5,600 shares of the stock in a transaction dated Wednesday, November 27th. The shares were sold at an average price of $91.45, for a total transaction of $512,120.00. Following the completion of the sale, the senior vice president now directly owns 87,404 shares of the company’s stock, valued at approximately $7,993,095.80. This represents a 6.02 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO C Douglas Mcmillon sold 29,124 shares of Walmart stock in a transaction that occurred on Thursday, January 23rd. The stock was sold at an average price of $92.62, for a total transaction of $2,697,464.88. Following the completion of the transaction, the chief executive officer now directly owns 3,766,491 shares in the company, valued at approximately $348,852,396.42. The trade was a 0.77 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 140,177 shares of company stock worth $12,895,688 over the last 90 days. Company insiders own 45.58% of the company’s stock.

Walmart Price Performance

WMT opened at $97.55 on Thursday. The company has a market capitalization of $783.66 billion, a price-to-earnings ratio of 40.03, 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 12-month low of $54.54 and a 12-month high of $98.17. The business’s fifty day simple moving average is $92.50 and its 200-day simple moving average is $82.69.

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