Newbridge Financial Services Group Inc. Purchases 9,203 Shares of Walmart Inc. (NYSE:WMT)

Newbridge Financial Services Group Inc. raised its position in Walmart Inc. (NYSE:WMT) by 29.7% in the 4th quarter, HoldingsChannel reports. The fund owned 40,233 shares of the retailer’s stock after purchasing an additional 9,203 shares during the period. Walmart makes up about 0.9% of Newbridge Financial Services Group Inc.’s investment portfolio, making the stock its 26th biggest holding. Newbridge Financial Services Group Inc.’s holdings in Walmart were worth $3,635,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Peterson Financial Group Inc. bought a new position in shares of Walmart during the 3rd quarter worth about $26,000. Fiduciary Advisors Inc. bought a new position in Walmart during the fourth quarter worth about $27,000. Voisard Asset Management Group Inc. boosted its holdings in Walmart by 77.3% during the third quarter. Voisard Asset Management Group Inc. now owns 399 shares of the retailer’s stock valued at $32,000 after purchasing an additional 174 shares in the last quarter. Decker Retirement Planning Inc. bought a new stake in shares of Walmart in the 4th quarter valued at approximately $32,000. Finally, Livelsberger Financial Advisory acquired a new position in shares of Walmart in the 3rd quarter worth approximately $36,000. Institutional investors and hedge funds own 26.76% of the company’s stock.

Insider Transactions at Walmart

In other Walmart news, EVP John D. Rainey sold 38,000 shares of Walmart stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $98.80, for a total value of $3,754,400.00. Following the sale, the executive vice president now owns 257,281 shares of the company’s stock, valued at $25,419,362.80. This trade represents a 12.87 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Robert Edward Jr. Moritz acquired 5,446 shares of Walmart stock in a transaction dated Wednesday, November 27th. The shares were purchased at an average cost of $91.81 per share, with a total value of $499,997.26. Following the completion of the transaction, the director now directly owns 7,805 shares of the company’s stock, valued at $716,577.05. This trade represents a 230.86 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have sold a total of 175,177 shares of company stock valued at $16,403,728 over the last 90 days. 45.58% of the stock is owned by company insiders.

Walmart Trading Up 1.6 %

NYSE WMT opened at $102.77 on Tuesday. 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 $55.85 and a 12 month high of $103.11. The company has a market capitalization of $825.62 billion, a PE ratio of 42.18, a P/E/G ratio of 4.25 and a beta of 0.55. The stock has a 50-day simple moving average of $94.07 and a 200 day simple moving average of $84.36.

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

Wall Street Analyst Weigh In

Several analysts recently commented on the company. StockNews.com lowered Walmart from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, November 20th. JPMorgan Chase & Co. boosted their target price on shares of Walmart from $97.00 to $112.00 and gave the company an “overweight” rating in a research note on Monday. Guggenheim increased their target price on shares of Walmart from $90.00 to $100.00 and gave the stock a “buy” rating in a research report on Wednesday, November 20th. Jefferies Financial Group boosted their price target on shares of Walmart from $105.00 to $111.00 and gave the company a “buy” rating in a research report on Tuesday, December 17th. Finally, DZ Bank lowered shares of Walmart from a “buy” rating to a “hold” rating and set a $91.00 price objective for the company. in a report on Thursday, November 21st. Two investment analysts have rated the stock with a hold rating, twenty-nine have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Walmart currently has a consensus rating of “Moderate Buy” and a consensus target price of $96.95.

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.