4,558 Shares in Walmart Inc. (NYSE:WMT) Purchased by Panoramic Capital Partners LLC

Panoramic Capital Partners LLC acquired a new position in shares of Walmart Inc. (NYSE:WMT) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 4,558 shares of the retailer’s stock, valued at approximately $412,000. Walmart comprises approximately 0.4% of Panoramic Capital Partners LLC’s investment portfolio, making the stock its 26th biggest position.

A number of other hedge funds and other institutional investors have also recently modified their holdings of WMT. Jennison Associates LLC grew its position in Walmart by 479.6% in the 3rd quarter. Jennison Associates LLC now owns 18,479,259 shares of the retailer’s stock valued at $1,492,200,000 after acquiring an additional 15,290,936 shares in the last quarter. FMR LLC grew its position in Walmart by 12.9% in the 3rd quarter. FMR LLC now owns 63,135,639 shares of the retailer’s stock valued at $5,098,203,000 after acquiring an additional 7,200,004 shares in the last quarter. International Assets Investment Management LLC grew its position in Walmart by 8,814.4% in the 3rd quarter. International Assets Investment Management LLC now owns 6,963,218 shares of the retailer’s stock valued at $562,280,000 after acquiring an additional 6,885,106 shares in the last quarter. Geode Capital Management LLC grew its position in Walmart by 3.3% in the 3rd quarter. Geode Capital Management LLC now owns 87,617,409 shares of the retailer’s stock valued at $7,048,465,000 after acquiring an additional 2,786,061 shares in the last quarter. Finally, Fisher Asset Management LLC grew its position in Walmart by 4.6% in the 3rd quarter. Fisher Asset Management LLC now owns 47,659,844 shares of the retailer’s stock valued at $3,848,533,000 after acquiring an additional 2,107,197 shares in the last quarter. 26.76% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Walmart

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

Analyst Ratings Changes

Several equities analysts have weighed in on the company. Barclays lifted their target price on Walmart from $90.00 to $98.00 and gave the company an “overweight” rating in a research report on Thursday, January 9th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $105.00 target price on shares of Walmart in a research report on Wednesday, January 15th. Citigroup boosted their price objective on Walmart from $98.00 to $120.00 and gave the stock a “buy” rating in a research report on Tuesday. Evercore ISI boosted their price objective on Walmart from $94.00 to $96.00 and gave the stock an “outperform” rating in a research report on Tuesday, December 3rd. Finally, TD Cowen boosted their price objective on Walmart from $90.00 to $100.00 and gave the stock a “buy” rating in a research 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 issued a strong buy rating to the stock. Based on data from MarketBeat, Walmart has a consensus rating of “Moderate Buy” and an average target price of $98.08.

Walmart Price Performance

Shares of NYSE WMT opened at $102.45 on Wednesday. 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 twelve month low of $55.85 and a twelve month high of $103.11. The stock has a 50 day moving average of $94.27 and a two-hundred day moving average of $84.59. The stock has a market cap of $822.98 billion, a P/E ratio of 42.04, a P/E/G ratio of 4.25 and a beta of 0.55.

Walmart (NYSE:WMT) last issued its quarterly earnings data on Tuesday, November 19th. The retailer reported $0.58 earnings per share for the quarter, beating 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 company had revenue of $169.59 billion during the quarter, compared to analysts’ expectations of $167.69 billion. During the same quarter in the previous year, the business earned $0.51 earnings per share. The firm’s revenue for the quarter was up 5.5% on a year-over-year basis. On average, research analysts forecast that Walmart Inc. will post 2.48 earnings per share for the current year.

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.