Stockman Wealth Management Inc. Takes Position in Walmart Inc. (NYSE:WMT)

Stockman Wealth Management Inc. bought a new position in shares of Walmart Inc. (NYSE:WMT) during the fourth quarter, HoldingsChannel reports. The institutional investor bought 2,270 shares of the retailer’s stock, valued at approximately $205,000.

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

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on WMT. Sanford C. Bernstein lifted their target price on Walmart from $98.00 to $102.00 and gave the stock an “outperform” rating in a report on Wednesday, November 20th. Piper Sandler lifted their price target on Walmart from $83.00 to $93.00 and gave the stock an “overweight” rating in a research note on Monday, November 18th. Barclays upped their price objective on shares of Walmart from $90.00 to $98.00 and gave the company an “overweight” rating in a research note on Thursday, January 9th. DZ Bank downgraded shares of Walmart from a “buy” rating to a “hold” rating and set a $91.00 target price on the stock. in a research report on Thursday, November 21st. Finally, 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 report on Tuesday, December 17th. 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. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $96.95.

Walmart Price Performance

Shares of NYSE:WMT opened at $102.77 on Tuesday. The stock has a market capitalization of $825.62 billion, a P/E ratio of 42.18, a P/E/G ratio of 4.25 and a beta of 0.55. The business has a 50-day moving average of $94.07 and a two-hundred day moving average of $84.36. Walmart Inc. has a fifty-two week low of $55.85 and a fifty-two week high of $103.11. 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 (NYSE:WMT) last announced its earnings results on Tuesday, November 19th. The retailer reported $0.58 earnings per share (EPS) 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 firm had revenue of $169.59 billion during the quarter, compared to analysts’ expectations of $167.69 billion. During the same quarter in the prior year, the business earned $0.51 earnings per share. The company’s revenue was up 5.5% on a year-over-year basis. On average, equities research analysts predict that Walmart Inc. will post 2.48 EPS for the current fiscal year.

Insider Activity at Walmart

In related news, EVP John R. Furner sold 13,125 shares of the stock in a transaction that occurred on Thursday, January 23rd. The stock was sold at an average price of $92.96, for a total transaction of $1,220,100.00. Following the completion of the sale, the executive vice president now owns 568,626 shares in the company, valued at $52,859,472.96. This represents a 2.26 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP John D. Rainey sold 38,000 shares of the firm’s stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $98.80, for a total value of $3,754,400.00. Following the completion of the sale, the executive vice president now directly owns 257,281 shares in the company, valued at $25,419,362.80. This trade represents a 12.87 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 175,177 shares of company stock worth $16,403,728. 45.58% of the stock is owned by insiders.

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.