Walmart Inc. (NYSE:WMT) Shares Acquired by Kingsview Wealth Management LLC

Kingsview Wealth Management LLC boosted its holdings in Walmart Inc. (NYSE:WMT) by 3.4% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 100,160 shares of the retailer’s stock after acquiring an additional 3,255 shares during the period. Kingsview Wealth Management LLC’s holdings in Walmart were worth $9,049,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in the business. Fiduciary Advisors Inc. purchased a new stake in shares of Walmart in the fourth quarter valued at $27,000. Peterson Financial Group Inc. acquired a new position in Walmart in the 3rd quarter valued at about $26,000. Decker Retirement Planning Inc. purchased a new position in Walmart in the 4th quarter valued at about $32,000. Voisard Asset Management Group Inc. boosted its stake in shares of Walmart by 77.3% during the 3rd 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. Finally, Livelsberger Financial Advisory purchased a new stake in shares of Walmart during the third quarter worth about $36,000. 26.76% of the stock is currently owned by hedge funds and other institutional investors.

Walmart Trading Down 1.6 %

NYSE WMT opened at $101.17 on Monday. The stock has a market cap of $812.73 billion, a P/E ratio of 41.52, a PEG ratio of 4.25 and a beta of 0.55. The company’s fifty day simple moving average is $94.07 and its 200-day simple moving average is $84.26. 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 52 week low of $55.85 and a 52 week high of $103.11.

Walmart (NYSE:WMT) last issued its quarterly earnings data on Tuesday, November 19th. The retailer reported $0.58 EPS for the quarter, topping analysts’ consensus estimates of $0.53 by $0.05. The firm had revenue of $169.59 billion for 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%. The firm’s revenue was up 5.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.51 EPS. Equities research analysts predict that Walmart Inc. will post 2.48 EPS for the current fiscal year.

Insider Buying and Selling

In related news, Director Robert Edward Jr. Moritz purchased 5,446 shares of the business’s stock in a transaction that occurred on Wednesday, November 27th. The shares were purchased at an average cost of $91.81 per share, with a total value of $499,997.26. Following the completion of the acquisition, the director now directly owns 7,805 shares of the company’s stock, valued at approximately $716,577.05. The trade was a 230.86 % increase in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP John D. Rainey sold 38,000 shares of the firm’s stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $98.80, for a total transaction 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 represents a 12.87 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, 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

Several equities analysts recently issued reports on the stock. Guggenheim upped their price objective on shares of Walmart from $90.00 to $100.00 and gave the company a “buy” rating in a research note on Wednesday, November 20th. Royal Bank of Canada restated an “outperform” rating and set a $105.00 price objective on shares of Walmart in a report on Wednesday, January 15th. Bank of America upped their target price on Walmart from $95.00 to $105.00 and gave the company a “buy” rating in a research note on Wednesday, November 20th. TD Cowen raised their price target on Walmart from $90.00 to $100.00 and gave the stock a “buy” rating in a research note on Wednesday, November 20th. Finally, Telsey Advisory Group lifted their price target on Walmart from $92.00 to $100.00 and gave the company an “outperform” rating in a report on Tuesday, November 19th. Two analysts have rated the stock with a hold rating, twenty-nine have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Walmart presently has an average rating of “Moderate Buy” and a consensus price target of $96.01.

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.