Brown Lisle Cummings Inc. Buys 727 Shares of Walmart Inc. (NYSE:WMT)

Brown Lisle Cummings Inc. increased its stake in shares of Walmart Inc. (NYSE:WMT) by 11.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 7,037 shares of the retailer’s stock after acquiring an additional 727 shares during the quarter. Brown Lisle Cummings Inc.’s holdings in Walmart were worth $636,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Fiduciary Advisors Inc. acquired a new stake in Walmart during the fourth quarter worth $27,000. Peterson Financial Group Inc. acquired a new stake in Walmart during the third quarter worth $26,000. Decker Retirement Planning Inc. acquired a new stake in Walmart during the fourth quarter worth $32,000. Voisard Asset Management Group Inc. boosted its stake in Walmart by 77.3% during the third quarter. Voisard Asset Management Group Inc. now owns 399 shares of the retailer’s stock worth $32,000 after buying an additional 174 shares in the last quarter. Finally, Hoese & Co LLP acquired a new stake in Walmart during the third quarter worth $33,000. Institutional investors own 26.76% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the stock. Oppenheimer boosted their target price on shares of Walmart from $100.00 to $110.00 and gave the company an “outperform” rating in a research note on Wednesday. StockNews.com downgraded shares of Walmart from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, November 20th. BMO Capital Markets boosted their target price on shares of Walmart from $80.00 to $100.00 and gave the company an “outperform” rating in a research note on Monday, November 18th. Morgan Stanley boosted their target price on shares of Walmart from $100.00 to $106.00 and gave the company an “overweight” rating in a research note on Tuesday, January 21st. Finally, Truist Financial boosted their target price on shares of Walmart from $89.00 to $98.00 and gave the company a “buy” rating in a research note on Wednesday, November 20th. Two investment 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’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $96.01.

Walmart Stock Performance

Shares of WMT stock opened at $102.47 on Thursday. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.85 and a quick ratio of 0.23. The stock has a market cap of $823.21 billion, a PE ratio of 42.05, a price-to-earnings-growth ratio of 4.49 and a beta of 0.55. The stock has a 50-day moving average of $93.46 and a 200-day moving average of $83.69. Walmart Inc. has a one year low of $55.85 and a one year high of $102.58.

Walmart (NYSE:WMT) last announced its quarterly earnings results on Tuesday, November 19th. The retailer reported $0.58 EPS for the quarter, beating analysts’ consensus estimates of $0.53 by $0.05. The company had revenue of $169.59 billion during the quarter, compared to analysts’ expectations of $167.69 billion. Walmart had a return on equity of 21.78% and a net margin of 2.92%. Walmart’s revenue was up 5.5% on a year-over-year basis. During the same period in the prior year, the business posted $0.51 EPS. As a group, sell-side analysts expect that Walmart Inc. will post 2.48 earnings per share for the current year.

Insider Activity

In related news, CEO C Douglas Mcmillon sold 29,124 shares of the stock in a transaction that occurred on Wednesday, November 27th. The stock was sold at an average price of $91.44, for a total transaction of $2,663,098.56. Following the completion of the sale, the chief executive officer now directly owns 3,814,805 shares of the company’s stock, valued at approximately $348,825,769.20. This represents a 0.76 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP John D. Rainey sold 38,000 shares of the company’s stock in a transaction that occurred 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 directly owns 257,281 shares of the company’s stock, valued at approximately $25,419,362.80. This trade represents a 12.87 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 175,177 shares of company stock valued at $16,403,728 in the last ninety days. 45.58% of the stock is owned by insiders.

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.