Armstrong Advisory Group Inc. Has $1.22 Million Stock Holdings in Walmart Inc. (NYSE:WMT)

Armstrong Advisory Group Inc. lifted its position in Walmart Inc. (NYSE:WMT) by 2.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 13,516 shares of the retailer’s stock after buying an additional 287 shares during the quarter. Armstrong Advisory Group Inc.’s holdings in Walmart were worth $1,221,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of WMT. Peterson Financial Group Inc. acquired a new position in Walmart during the 3rd quarter worth $26,000. Voisard Asset Management Group Inc. lifted its position 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. Hoese & Co LLP bought a new stake in Walmart during the 3rd quarter valued at approximately $33,000. Livelsberger Financial Advisory acquired a new stake in Walmart in the 3rd quarter valued at approximately $36,000. Finally, Hara Capital LLC bought a new position in Walmart in the 3rd quarter worth approximately $37,000. 26.76% of the stock is owned by institutional investors.

Insider Activity at Walmart

In other Walmart news, EVP John R. Furner sold 13,125 shares of the business’s stock in a transaction dated Thursday, October 24th. The stock was sold at an average price of $82.96, for a total transaction of $1,088,850.00. Following the completion of the sale, the executive vice president now directly owns 593,040 shares of the company’s stock, valued at approximately $49,198,598.40. The trade was a 2.17 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO C Douglas Mcmillon sold 29,124 shares of the firm’s stock in a transaction dated Thursday, October 24th. The shares were sold at an average price of $82.79, for a total transaction of $2,411,175.96. Following the completion of the transaction, the chief executive officer now directly owns 3,843,929 shares in the company, valued at $318,238,881.91. This trade represents a 0.75 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 138,347 shares of company stock valued at $12,311,491 over the last quarter. Corporate insiders own 45.58% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on WMT. Wells Fargo & Company raised their price objective on shares of Walmart from $96.00 to $100.00 and gave the stock an “overweight” rating in a research note on Friday, January 10th. Tigress Financial raised their price target on shares of Walmart from $86.00 to $115.00 and gave the stock a “buy” rating in a research report on Friday, December 13th. BMO Capital Markets upped their price objective on shares of Walmart from $80.00 to $100.00 and gave the company an “outperform” rating in a research report on Monday, November 18th. StockNews.com downgraded Walmart from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, November 20th. Finally, Citigroup upped their price target on Walmart from $75.00 to $98.00 and gave the company a “buy” rating in a report on Friday, September 27th. Two equities research analysts have rated the stock with a hold rating, twenty-nine have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Walmart presently has an average rating of “Moderate Buy” and an average target price of $94.49.

Walmart Price Performance

Walmart stock opened at $91.39 on Thursday. Walmart Inc. has a 52 week low of $53.44 and a 52 week high of $96.18. The firm has a market cap of $734.17 billion, a P/E ratio of 37.51, a P/E/G ratio of 4.41 and a beta of 0.55. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.23 and a current ratio of 0.85. The business’s fifty day moving average is $90.70 and its two-hundred day moving average is $80.96.

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. Walmart had a net margin of 2.92% and a return on equity of 21.78%. The firm had revenue of $169.59 billion for the quarter, compared to analyst estimates of $167.69 billion. During the same quarter in the prior year, the firm earned $0.51 EPS. The company’s revenue was up 5.5% on a year-over-year basis. Equities research analysts forecast that Walmart Inc. will post 2.47 earnings per share for the current fiscal year.

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.