Walmart Inc. (NYSE:WMT) Shares Purchased by Websterrogers Financial Advisors LLC

Websterrogers Financial Advisors LLC grew its stake in shares of Walmart Inc. (NYSE:WMT) by 64.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 4,372 shares of the retailer’s stock after purchasing an additional 1,710 shares during the quarter. Websterrogers Financial Advisors LLC’s holdings in Walmart were worth $395,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also modified their holdings of WMT. Armstrong Advisory Group Inc. boosted its stake in Walmart by 2.2% in the fourth quarter. Armstrong Advisory Group Inc. now owns 13,516 shares of the retailer’s stock valued at $1,221,000 after acquiring an additional 287 shares in the last quarter. Cliftonlarsonallen Wealth Advisors LLC lifted its holdings in shares of Walmart by 9.3% in the 4th quarter. Cliftonlarsonallen Wealth Advisors LLC now owns 19,067 shares of the retailer’s stock valued at $1,723,000 after purchasing an additional 1,619 shares during the last quarter. Burney Co. boosted its position in shares of Walmart by 16.6% in the 4th quarter. Burney Co. now owns 221,846 shares of the retailer’s stock valued at $20,044,000 after purchasing an additional 31,664 shares during the period. Wolff Wiese Magana LLC boosted its position in shares of Walmart by 0.5% in the 4th quarter. Wolff Wiese Magana LLC now owns 33,187 shares of the retailer’s stock valued at $2,998,000 after purchasing an additional 170 shares during the period. Finally, Smith Anglin Financial LLC increased its position in Walmart by 1.3% during the fourth quarter. Smith Anglin Financial LLC now owns 33,216 shares of the retailer’s stock worth $3,001,000 after buying an additional 430 shares during the period. Hedge funds and other institutional investors own 26.76% of the company’s stock.

Insider Activity

In related news, Director Robert Edward Jr. Moritz acquired 5,446 shares of the firm’s stock in a transaction that occurred on Wednesday, November 27th. The shares were acquired at an average price of $91.81 per share, with a total value of $499,997.26. Following the completion of the purchase, the director now directly owns 7,805 shares in the company, valued at approximately $716,577.05. The trade was a 230.86 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO C Douglas Mcmillon sold 29,124 shares of Walmart stock in a transaction dated Thursday, October 24th. The stock was 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 position. The disclosure for this sale can be found here. Insiders have sold 138,347 shares of company stock worth $12,311,491 over the last ninety days. 45.58% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the company. Wells Fargo & Company increased their price objective on Walmart from $96.00 to $100.00 and gave the company an “overweight” rating in a report on Friday, January 10th. Truist Financial increased their price target on shares of Walmart from $89.00 to $98.00 and gave the stock a “buy” rating in a research note on Wednesday, November 20th. Piper Sandler lifted their price objective on shares of Walmart from $83.00 to $93.00 and gave the company an “overweight” rating in a research note on Monday, November 18th. Sanford C. Bernstein upped their target price on shares of Walmart from $98.00 to $102.00 and gave the company an “outperform” rating in a report on Wednesday, November 20th. Finally, Roth Mkm raised their price target on Walmart from $81.00 to $97.00 and gave the stock a “buy” rating in a report on Wednesday, November 20th. 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. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $94.49.

Walmart Stock Up 0.7 %

WMT opened at $91.39 on Thursday. 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 company has a market cap of $734.17 billion, a price-to-earnings ratio of 37.51, a PEG ratio of 4.41 and a beta of 0.55. Walmart Inc. has a one year low of $53.44 and a one year high of $96.18. The business’s fifty day moving average is $90.70 and its two-hundred day moving average is $80.96.

Walmart (NYSE:WMT) last released its quarterly earnings data on Tuesday, November 19th. The retailer reported $0.58 EPS for the quarter, topping the consensus estimate of $0.53 by $0.05. Walmart had a net margin of 2.92% and a return on equity of 21.78%. The business had revenue of $169.59 billion for the quarter, compared to analyst estimates of $167.69 billion. During the same period in the previous year, the firm earned $0.51 EPS. The business’s revenue for the quarter was up 5.5% compared to the same quarter last year. Analysts anticipate that Walmart Inc. will post 2.47 EPS 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.