Highline Wealth Partners LLC Boosts Holdings in Walmart Inc. (NYSE:WMT)

Highline Wealth Partners LLC boosted its holdings in Walmart Inc. (NYSE:WMT) by 45.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 872 shares of the retailer’s stock after purchasing an additional 272 shares during the period. Highline Wealth Partners LLC’s holdings in Walmart were worth $79,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the business. Bahl & Gaynor Inc. boosted its holdings in Walmart by 3.1% in the second quarter. Bahl & Gaynor Inc. now owns 119,625 shares of the retailer’s stock valued at $8,100,000 after acquiring an additional 3,556 shares in the last quarter. Cibc World Market Inc. raised its stake in Walmart by 58.5% in the second quarter. Cibc World Market Inc. now owns 2,901,459 shares of the retailer’s stock worth $196,458,000 after buying an additional 1,070,943 shares in the last quarter. Y.D. More Investments Ltd lifted its holdings in Walmart by 31.0% in the second quarter. Y.D. More Investments Ltd now owns 39,517 shares of the retailer’s stock worth $2,676,000 after buying an additional 9,347 shares during the period. Achmea Investment Management B.V. boosted its position in Walmart by 4.0% during the 2nd quarter. Achmea Investment Management B.V. now owns 856,406 shares of the retailer’s stock valued at $57,987,000 after acquiring an additional 32,880 shares in the last quarter. Finally, NINE MASTS CAPITAL Ltd purchased a new position in shares of Walmart during the 2nd quarter worth approximately $217,000. 26.76% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Walmart

In other news, CEO C Douglas Mcmillon sold 29,124 shares of the stock in a transaction on Thursday, October 24th. The shares were sold at an average price of $82.79, for a total value of $2,411,175.96. Following the sale, the chief executive officer now owns 3,843,929 shares of the company’s stock, valued at approximately $318,238,881.91. This represents a 0.75 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Daniel J. Bartlett sold 2,065 shares of the company’s stock in a transaction dated Tuesday, October 15th. The shares were sold at an average price of $80.69, for a total transaction of $166,624.85. Following the transaction, the executive vice president now owns 457,493 shares in the company, valued at $36,915,110.17. The trade was a 0.45 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 140,412 shares of company stock valued at $12,478,116 in the last ninety days. Corporate insiders own 45.58% of the company’s stock.

Walmart Price Performance

WMT traded up $1.48 during trading on Friday, hitting $93.28. 9,549,179 shares of the company traded hands, compared to its average volume of 12,298,476. The company has a market cap of $749.35 billion, a PE ratio of 38.28, a P/E/G ratio of 4.47 and a beta of 0.55. Walmart Inc. has a 1 year low of $53.39 and a 1 year high of $96.18. 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 stock’s 50-day simple moving average is $90.16 and its two-hundred day simple moving average is $80.29.

Walmart (NYSE:WMT) last issued its earnings results on Tuesday, November 19th. The retailer reported $0.58 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.53 by $0.05. Walmart had a return on equity of 21.78% and a net margin of 2.92%. The firm had revenue of $169.59 billion for the quarter, compared to analysts’ expectations of $167.69 billion. During the same period in the previous year, the firm posted $0.51 earnings per share. The business’s revenue was up 5.5% compared to the same quarter last year. As a group, sell-side analysts anticipate that Walmart Inc. will post 2.47 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

WMT has been the subject of a number of research reports. Telsey Advisory Group increased their price objective on Walmart from $92.00 to $100.00 and gave the stock an “outperform” rating in a report on Tuesday, November 19th. UBS Group upped their price objective on shares of Walmart from $92.00 to $100.00 and gave the stock a “buy” rating in a report on Wednesday, November 20th. DZ Bank lowered shares of Walmart from a “buy” rating to a “hold” rating and set a $91.00 target price for the company. in a report on Thursday, November 21st. Tigress Financial lifted their price objective on Walmart from $86.00 to $115.00 and gave the company a “buy” rating in a research note on Friday, December 13th. Finally, Bank of America increased their target price on Walmart from $95.00 to $105.00 and gave the stock 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 issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Walmart currently has an average rating of “Moderate Buy” and a consensus target price of $94.08.

Walmart Company 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.