Global Retirement Partners LLC Increases Stock Holdings in Walmart Inc. (NYSE:WMT)

Global Retirement Partners LLC boosted its stake in Walmart Inc. (NYSE:WMT) by 19.1% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 117,509 shares of the retailer’s stock after buying an additional 18,881 shares during the quarter. Global Retirement Partners LLC’s holdings in Walmart were worth $10,617,000 as of its most recent SEC filing.

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

Insider Activity

In related news, EVP John D. Rainey sold 38,000 shares of the stock in a transaction on 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 transaction, the executive vice president now owns 257,281 shares of the company’s stock, valued at $25,419,362.80. This represents a 12.87 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Daniel J. Bartlett sold 1,830 shares of Walmart stock in a transaction dated Wednesday, January 15th. The stock was sold at an average price of $91.07, for a total value of $166,658.10. Following the sale, the executive vice president now directly owns 460,705 shares of the company’s stock, valued at approximately $41,956,404.35. This trade represents a 0.40 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 175,177 shares of company stock worth $16,403,728. 45.58% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the stock. Guggenheim boosted their price target on shares of Walmart from $90.00 to $100.00 and gave the stock a “buy” rating in a report on Wednesday, November 20th. Jefferies Financial Group boosted their target price on shares of Walmart from $105.00 to $111.00 and gave the company a “buy” rating in a research note on Tuesday, December 17th. Barclays raised their price target on shares of Walmart from $98.00 to $108.00 and gave the stock an “overweight” rating in a research note on Friday, February 14th. Evercore ISI upped their price objective on Walmart from $94.00 to $96.00 and gave the company an “outperform” rating in a research note on Tuesday, December 3rd. Finally, DZ Bank downgraded Walmart from a “buy” rating to a “hold” rating and set a $91.00 target price for the company. in a research report on Thursday, November 21st. Two research 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 data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $101.87.

Walmart Stock Performance

Shares of WMT opened at $103.73 on Wednesday. Walmart Inc. has a 12-month low of $57.60 and a 12-month high of $105.30. The company has a current ratio of 0.85, a quick ratio of 0.23 and a debt-to-equity ratio of 0.42. The company has a market cap of $833.31 billion, a PE ratio of 42.57, a price-to-earnings-growth ratio of 4.30 and a beta of 0.55. The stock has a 50-day moving average price of $95.38 and a 200-day moving average price of $86.05.

Walmart (NYSE:WMT) last announced its earnings results on Tuesday, November 19th. The retailer reported $0.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.53 by $0.05. The business had revenue of $169.59 billion during 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%. Walmart’s revenue for the quarter was up 5.5% on a year-over-year basis. During the same period in the previous year, the business posted $0.51 earnings per share. As a group, equities analysts forecast that Walmart Inc. will post 2.48 earnings per share for the current fiscal year.

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.