JB Capital LLC Purchases 2,079 Shares of Walmart Inc. (NYSE:WMT)

JB Capital LLC raised its position in Walmart Inc. (NYSE:WMT) by 1.1% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 192,450 shares of the retailer’s stock after acquiring an additional 2,079 shares during the period. Walmart makes up about 1.0% of JB Capital LLC’s holdings, making the stock its 18th largest holding. JB Capital LLC’s holdings in Walmart were worth $17,388,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently made changes to their positions in the stock. Chicago Capital LLC grew its position in shares of Walmart by 4.1% in the fourth quarter. Chicago Capital LLC now owns 30,851 shares of the retailer’s stock valued at $2,787,000 after purchasing an additional 1,214 shares in the last quarter. FSM Wealth Advisors LLC grew its position in shares of Walmart by 28.3% in the fourth quarter. FSM Wealth Advisors LLC now owns 5,258 shares of the retailer’s stock valued at $480,000 after purchasing an additional 1,159 shares in the last quarter. HHM Wealth Advisors LLC grew its position in shares of Walmart by 38.4% in the fourth quarter. HHM Wealth Advisors LLC now owns 18,460 shares of the retailer’s stock valued at $1,668,000 after purchasing an additional 5,119 shares in the last quarter. CFM Wealth Partners LLC grew its position in Walmart by 8.1% during the fourth quarter. CFM Wealth Partners LLC now owns 47,606 shares of the retailer’s stock worth $4,301,000 after buying an additional 3,553 shares in the last quarter. Finally, Adamsbrown Wealth Consultants LLC grew its position in Walmart by 0.7% during the fourth quarter. Adamsbrown Wealth Consultants LLC now owns 20,256 shares of the retailer’s stock worth $1,830,000 after buying an additional 135 shares in the last quarter. 26.76% of the stock is currently owned by hedge funds and other institutional investors.

Walmart Trading Up 1.4 %

WMT opened at $100.92 on Wednesday. The business has a 50 day simple moving average of $93.27 and a two-hundred day simple moving average of $83.48. The firm has a market capitalization of $810.71 billion, a price-to-earnings ratio of 41.42, a PEG ratio of 4.49 and a beta of 0.55. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.85 and a quick ratio of 0.23. Walmart Inc. has a one year low of $55.85 and a one year high of $100.95.

Walmart (NYSE:WMT) last released its quarterly 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. The business had revenue of $169.59 billion during the quarter, compared to analyst estimates of $167.69 billion. Walmart had a return on equity of 21.78% and a net margin of 2.92%. Walmart’s quarterly revenue was up 5.5% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.51 EPS. Analysts predict that Walmart Inc. will post 2.48 EPS for the current year.

Analyst Ratings Changes

Several equities analysts recently commented on WMT shares. Evercore ISI boosted their target price on Walmart from $94.00 to $96.00 and gave the stock an “outperform” rating in a research report on Tuesday, December 3rd. Piper Sandler boosted their target price on Walmart from $83.00 to $93.00 and gave the stock an “overweight” rating in a research report on Monday, November 18th. Telsey Advisory Group boosted their target price on Walmart from $92.00 to $100.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 19th. Tigress Financial boosted their target price on Walmart from $86.00 to $115.00 and gave the stock a “buy” rating in a research report on Friday, December 13th. Finally, Barclays boosted their target price on Walmart from $90.00 to $98.00 and gave the stock an “overweight” rating in a research report on Thursday, January 9th. Two equities 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 stock. According to MarketBeat, Walmart currently has a consensus rating of “Moderate Buy” and an average target price of $95.37.

Insiders Place Their Bets

In other Walmart news, CEO C Douglas Mcmillon sold 29,124 shares of the company’s stock in a transaction that occurred on Wednesday, November 27th. The stock was sold at an average price of $91.44, for a total transaction of $2,663,098.56. Following the transaction, the chief executive officer now owns 3,814,805 shares in the company, valued at approximately $348,825,769.20. This represents a 0.76 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP John R. Furner sold 13,125 shares of the company’s stock in a transaction that occurred 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 transaction, the executive vice president now owns 568,626 shares in the company, valued at $52,859,472.96. This trade represents a 2.26 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 137,177 shares of company stock worth $12,649,328. Company insiders own 45.58% of the company’s stock.

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.