Walmart Inc. (NYSE:WMT) Shares Acquired by Massachusetts Wealth Management

Massachusetts Wealth Management lifted its holdings in shares of Walmart Inc. (NYSE:WMT) by 3.0% during the 4th quarter, HoldingsChannel.com reports. The fund owned 27,604 shares of the retailer’s stock after buying an additional 800 shares during the period. Walmart makes up about 1.5% of Massachusetts Wealth Management’s portfolio, making the stock its 19th biggest holding. Massachusetts Wealth Management’s holdings in Walmart were worth $2,494,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in WMT. Daymark Wealth Partners LLC lifted its holdings in shares of Walmart by 4.2% during the 3rd quarter. Daymark Wealth Partners LLC now owns 149,659 shares of the retailer’s stock valued at $12,085,000 after acquiring an additional 6,023 shares in the last quarter. CWM LLC lifted its holdings in Walmart by 1.8% in the 3rd quarter. CWM LLC now owns 931,526 shares of the retailer’s stock worth $75,221,000 after buying an additional 16,749 shares in the last quarter. Abner Herrman & Brock LLC lifted its holdings in Walmart by 1.0% in the 3rd quarter. Abner Herrman & Brock LLC now owns 206,455 shares of the retailer’s stock worth $16,671,000 after buying an additional 2,098 shares in the last quarter. Marcum Wealth LLC lifted its holdings in Walmart by 1.2% in the 3rd quarter. Marcum Wealth LLC now owns 25,536 shares of the retailer’s stock worth $2,062,000 after buying an additional 297 shares in the last quarter. Finally, Wedmont Private Capital lifted its holdings in Walmart by 4.3% in the 3rd quarter. Wedmont Private Capital now owns 55,842 shares of the retailer’s stock worth $4,417,000 after buying an additional 2,320 shares in the last quarter. Institutional investors and hedge funds own 26.76% of the company’s stock.

Walmart Stock Up 0.4 %

WMT stock opened at $102.86 on Friday. Walmart Inc. has a 52-week low of $55.85 and a 52-week high of $103.02. The company’s 50 day simple moving average is $93.67 and its 200-day simple moving average is $83.82. 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 firm has a market capitalization of $826.30 billion, a P/E ratio of 42.21, a P/E/G ratio of 4.49 and a beta of 0.55.

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

Analyst Upgrades and Downgrades

A number of equities analysts have commented on WMT shares. Guggenheim boosted their price objective on shares of Walmart from $90.00 to $100.00 and gave the stock a “buy” rating in a report on Wednesday, November 20th. Wells Fargo & Company boosted their price objective on shares of Walmart from $100.00 to $108.00 and gave the stock an “overweight” rating in a report on Monday. Evercore ISI boosted their price objective on shares of Walmart from $94.00 to $96.00 and gave the stock an “outperform” rating in a report on Tuesday, December 3rd. Stifel Nicolaus boosted their price objective on shares of Walmart from $89.00 to $94.00 and gave the stock a “hold” rating in a report on Tuesday, December 10th. Finally, Robert W. Baird boosted their price objective on shares of Walmart from $90.00 to $100.00 and gave the stock an “outperform” rating in a report on Wednesday, November 20th. Two analysts have rated the stock with a hold rating, twenty-nine have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, Walmart currently has an average rating of “Moderate Buy” and an average target price of $96.01.

Insider Buying and Selling

In related news, EVP John D. Rainey sold 38,000 shares of the company’s stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $98.80, for a total transaction of $3,754,400.00. Following the completion of the sale, the executive vice president now directly owns 257,281 shares of the company’s stock, valued at approximately $25,419,362.80. This represents a 12.87 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO C Douglas Mcmillon sold 29,124 shares of the company’s stock in a transaction 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 sale, the chief executive officer now directly owns 3,814,805 shares of the company’s stock, valued at approximately $348,825,769.20. This represents a 0.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 175,177 shares of company stock valued at $16,403,728. 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.