Hanson & Doremus Investment Management Has $1.14 Million Holdings in Walmart Inc. (NYSE:WMT)

Hanson & Doremus Investment Management lifted its position in Walmart Inc. (NYSE:WMT) by 1.0% in the fourth quarter, HoldingsChannel.com reports. The firm owned 12,609 shares of the retailer’s stock after acquiring an additional 120 shares during the period. Hanson & Doremus Investment Management’s holdings in Walmart were worth $1,139,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of WMT. Peterson Financial Group Inc. bought a new position in shares of Walmart during the 3rd quarter worth approximately $26,000. Voisard Asset Management Group Inc. raised its stake 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 acquiring an additional 174 shares in the last quarter. Decker Retirement Planning Inc. bought a new position in shares of Walmart during the fourth quarter valued at $32,000. Hoese & Co LLP acquired a new stake in shares of Walmart in the 3rd quarter valued at $33,000. Finally, Livelsberger Financial Advisory bought a new stake in shares of Walmart in the 3rd quarter worth about $36,000. 26.76% of the stock is owned by institutional investors.

Walmart Stock Down 0.7 %

Shares of NYSE:WMT opened at $97.97 on Friday. The company has a 50 day moving average price of $92.91 and a two-hundred day moving average price of $82.90. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.23 and a current ratio of 0.85. The company has a market capitalization of $787.00 billion, a PE ratio of 40.20, a PEG ratio of 4.46 and a beta of 0.55. Walmart Inc. has a 52 week low of $55.04 and a 52 week high of $99.00.

Walmart (NYSE:WMT) last issued its quarterly earnings data on Tuesday, November 19th. The retailer reported $0.58 EPS for the quarter, topping the consensus estimate 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%. The firm’s revenue was up 5.5% compared to the same quarter last year. During the same quarter last year, the business posted $0.51 EPS. Analysts forecast that Walmart Inc. will post 2.48 earnings per share for the current year.

Insider Activity

In other news, EVP Daniel J. Bartlett sold 1,830 shares of the company’s stock in a transaction dated Wednesday, January 15th. The stock was sold at an average price of $91.07, for a total transaction of $166,658.10. Following the completion of the transaction, the executive vice president now directly owns 460,705 shares of the company’s stock, valued at $41,956,404.35. This represents a 0.40 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP David Chojnowski sold 5,600 shares of the firm’s stock in a transaction that occurred on Wednesday, November 27th. The stock was sold at an average price of $91.45, for a total transaction of $512,120.00. Following the transaction, the senior vice president now directly owns 87,404 shares of the company’s stock, valued at $7,993,095.80. This represents a 6.02 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 137,177 shares of company stock worth $12,649,328 in the last 90 days. Corporate insiders own 45.58% of the company’s stock.

Analyst Ratings Changes

WMT has been the topic of a number of recent analyst reports. Piper Sandler boosted their price target on shares of Walmart from $83.00 to $93.00 and gave the company an “overweight” rating in a research report on Monday, November 18th. KeyCorp lifted 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. Tigress Financial increased their price target on Walmart from $86.00 to $115.00 and gave the stock a “buy” rating in a research report on Friday, December 13th. Telsey Advisory Group lifted their price objective on Walmart from $92.00 to $100.00 and gave the company an “outperform” rating in a research report on Tuesday, November 19th. Finally, Stifel Nicolaus increased their target price on Walmart from $89.00 to $94.00 and gave the stock a “hold” rating in a report on Tuesday, December 10th. 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. According to data from MarketBeat, Walmart currently has a consensus rating of “Moderate Buy” and a consensus price target of $95.11.

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.