Hobart Private Capital LLC Purchases 111 Shares of Walmart Inc. (NYSE:WMT)

Hobart Private Capital LLC raised its position in shares of Walmart Inc. (NYSE:WMT) by 1.6% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 6,926 shares of the retailer’s stock after purchasing an additional 111 shares during the quarter. Hobart Private Capital LLC’s holdings in Walmart were worth $626,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. Brophy Wealth Management LLC purchased a new position in shares of Walmart during the 3rd quarter valued at about $2,072,000. Bank of New Hampshire lifted its holdings in Walmart by 13.7% during the fourth quarter. Bank of New Hampshire now owns 47,949 shares of the retailer’s stock valued at $4,332,000 after purchasing an additional 5,786 shares in the last quarter. Iowa State Bank boosted its position in shares of Walmart by 213.8% in the fourth quarter. Iowa State Bank now owns 26,807 shares of the retailer’s stock worth $2,422,000 after purchasing an additional 18,263 shares during the period. Fisher Asset Management LLC increased its stake in shares of Walmart by 4.6% in the third quarter. Fisher Asset Management LLC now owns 47,659,844 shares of the retailer’s stock worth $3,848,533,000 after purchasing an additional 2,107,197 shares in the last quarter. Finally, Virtu Financial LLC bought a new stake in shares of Walmart during the 3rd quarter valued at $541,000. Hedge funds and other institutional investors own 26.76% of the company’s stock.

Walmart Trading Down 1.6 %

WMT opened at $101.17 on Monday. Walmart Inc. has a one year low of $55.85 and a one year high of $103.11. 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 stock has a market cap of $812.73 billion, a price-to-earnings ratio of 41.52, a P/E/G ratio of 4.25 and a beta of 0.55. The stock’s 50 day moving average price is $94.07 and its 200-day moving average price is $84.26.

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

Analysts Set New Price Targets

Several research analysts recently weighed in on the stock. 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. Tigress Financial increased 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. Evercore ISI boosted their price target on Walmart from $94.00 to $96.00 and gave the stock an “outperform” rating in a report on Tuesday, December 3rd. UBS Group increased their price objective on shares of Walmart from $100.00 to $113.00 and gave the company a “buy” rating in a report on Friday, January 31st. Finally, Truist Financial lifted their price objective on shares of Walmart from $89.00 to $98.00 and gave the company a “buy” rating in a research report on Wednesday, November 20th. Two investment analysts have rated the stock with a hold rating, twenty-nine have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $96.01.

Insider Activity at Walmart

In other news, EVP Daniel J. Bartlett sold 1,830 shares of Walmart stock in a transaction that occurred on Wednesday, January 15th. The shares were sold at an average price of $91.07, for a total transaction of $166,658.10. Following the completion of the sale, the executive vice president now owns 460,705 shares of the company’s stock, valued at approximately $41,956,404.35. The trade was a 0.40 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP David Chojnowski sold 5,600 shares of the stock in a transaction that occurred on Wednesday, November 27th. The stock was sold at an average price of $91.45, for a total value of $512,120.00. Following the completion of the transaction, the senior vice president now directly owns 87,404 shares in the company, valued at approximately $7,993,095.80. This trade represents a 6.02 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 175,177 shares of company stock worth $16,403,728 in the last 90 days. 45.58% of the stock is owned by corporate insiders.

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.