Union Bancaire Privee UBP SA Buys Shares of 119,368 Walmart Inc. (NYSE:WMT)

Union Bancaire Privee UBP SA bought a new stake in Walmart Inc. (NYSE:WMT) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 119,368 shares of the retailer’s stock, valued at approximately $10,645,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Dakota Community Bank & Trust NA grew its holdings in Walmart by 4.0% in the 4th quarter. Dakota Community Bank & Trust NA now owns 2,879 shares of the retailer’s stock valued at $260,000 after buying an additional 110 shares during the period. Kozak & Associates Inc. grew its holdings in Walmart by 22.3% in the 4th quarter. Kozak & Associates Inc. now owns 619 shares of the retailer’s stock valued at $56,000 after buying an additional 113 shares during the period. Summit Financial Wealth Advisors LLC grew its holdings in Walmart by 0.5% in the 3rd quarter. Summit Financial Wealth Advisors LLC now owns 23,720 shares of the retailer’s stock valued at $1,915,000 after buying an additional 118 shares during the period. Lowe Wealth Advisors LLC grew its holdings in Walmart by 13.5% in the 4th quarter. Lowe Wealth Advisors LLC now owns 1,018 shares of the retailer’s stock valued at $92,000 after buying an additional 121 shares during the period. Finally, Moody Lynn & Lieberson LLC grew its holdings in Walmart by 0.9% in the 4th quarter. Moody Lynn & Lieberson LLC now owns 13,903 shares of the retailer’s stock valued at $1,256,000 after buying an additional 121 shares during the period. Institutional investors and hedge funds own 26.76% of the company’s stock.

Insider Activity

In other Walmart news, CEO C Douglas Mcmillon sold 29,124 shares of the stock in a transaction on Wednesday, November 27th. The stock was sold at an average price of $91.44, for a total value of $2,663,098.56. Following the sale, the chief executive officer now directly owns 3,814,805 shares of the company’s stock, valued at $348,825,769.20. This trade represents a 0.76 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP John R. Furner sold 13,125 shares of the stock in a transaction on Wednesday, November 27th. The stock was sold at an average price of $92.00, for a total value of $1,207,500.00. Following the completion of the sale, the executive vice president now directly owns 579,915 shares in the company, valued at $53,352,180. This represents a 2.21 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 140,177 shares of company stock worth $12,895,688. 45.58% of the stock is currently owned by insiders.

Walmart Price Performance

Shares of NYSE WMT opened at $97.36 on Wednesday. Walmart Inc. has a twelve month low of $54.51 and a twelve month high of $97.84. 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 capitalization of $782.16 billion, a price-to-earnings ratio of 39.96, a price-to-earnings-growth ratio of 4.42 and a beta of 0.55. The business has a 50 day simple moving average of $92.29 and a 200-day simple moving average of $82.49.

Walmart (NYSE:WMT) last issued its quarterly earnings results 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 business had revenue of $169.59 billion during the quarter, compared to the consensus estimate of $167.69 billion. During the same period in the previous year, the business earned $0.51 EPS. The business’s quarterly revenue was up 5.5% on a year-over-year basis. As a group, equities research analysts expect that Walmart Inc. will post 2.48 earnings per share for the current year.

Analyst Ratings Changes

Several analysts have commented on WMT shares. Oppenheimer lifted their price target on Walmart from $81.00 to $90.00 and gave the company an “outperform” rating in a report on Monday, October 14th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $105.00 price objective on shares of Walmart in a research note on Wednesday, January 15th. Bank of America lifted their price objective on Walmart from $95.00 to $105.00 and gave the company a “buy” rating in a research note on Wednesday, November 20th. Robert W. Baird lifted their price objective on Walmart from $90.00 to $100.00 and gave the company an “outperform” rating in a research note on Wednesday, November 20th. Finally, Piper Sandler lifted their price objective on Walmart from $83.00 to $93.00 and gave the company an “overweight” rating in a research note on Monday, November 18th. Two equities research analysts have rated the stock with a hold rating, twenty-nine have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $94.69.

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.