Flagship Harbor Advisors LLC Buys 671 Shares of Walmart Inc. (NYSE:WMT)

Flagship Harbor Advisors LLC raised its stake in shares of Walmart Inc. (NYSE:WMT) by 1.1% in the 4th quarter, Holdings Channel reports. The firm owned 64,081 shares of the retailer’s stock after acquiring an additional 671 shares during the period. Flagship Harbor Advisors LLC’s holdings in Walmart were worth $5,790,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the company. Peterson Financial Group Inc. bought a new position in Walmart during the third quarter valued at $26,000. Decker Retirement Planning Inc. purchased a new stake in shares of Walmart during the 4th quarter valued at about $32,000. Voisard Asset Management Group Inc. lifted its holdings in shares of Walmart by 77.3% in the 3rd quarter. Voisard Asset Management Group Inc. now owns 399 shares of the retailer’s stock valued at $32,000 after acquiring an additional 174 shares during the last quarter. Hoese & Co LLP purchased a new position in Walmart in the third quarter worth about $33,000. Finally, Livelsberger Financial Advisory bought a new stake in Walmart during the third quarter worth approximately $36,000. Hedge funds and other institutional investors own 26.76% of the company’s stock.

Insider Buying and Selling

In other news, EVP John D. Rainey sold 3,000 shares of the firm’s stock in a transaction on Friday, November 1st. The stock was sold at an average price of $82.12, for a total value of $246,360.00. Following the completion of the sale, the executive vice president now owns 378,165 shares of the company’s stock, valued at $31,054,909.80. This trade represents a 0.79 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP David Chojnowski sold 5,600 shares of the company’s stock in a transaction dated Wednesday, November 27th. The shares were sold at an average price of $91.45, for a total value of $512,120.00. Following the transaction, the senior vice president now directly owns 87,404 shares in the company, valued at $7,993,095.80. This represents a 6.02 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 140,177 shares of company stock worth $12,895,688 in the last 90 days. 45.58% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the company. Barclays raised their price objective on Walmart from $90.00 to $98.00 and gave the company an “overweight” rating in a research note on Thursday, January 9th. Oppenheimer lifted their price objective on shares of Walmart from $81.00 to $90.00 and gave the stock an “outperform” rating in a research note on Monday, October 14th. Roth Mkm boosted their price objective on shares of Walmart from $81.00 to $97.00 and gave the company a “buy” rating in a research report on Wednesday, November 20th. Robert W. Baird raised their target price on shares of Walmart from $90.00 to $100.00 and gave the stock an “outperform” rating in a report on Wednesday, November 20th. Finally, Royal Bank of Canada reiterated an “outperform” rating and set a $105.00 price target on shares of Walmart in a report on Wednesday, January 15th. Two equities research 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. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $94.69.

Walmart Trading Up 1.1 %

Shares of NYSE:WMT opened at $94.84 on Monday. 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 company has a market capitalization of $761.90 billion, a PE ratio of 38.92, a P/E/G ratio of 4.42 and a beta of 0.55. Walmart Inc. has a 12-month low of $53.47 and a 12-month high of $96.18. The business’s fifty day simple moving average is $92.02 and its 200-day simple moving average is $82.21.

Walmart (NYSE:WMT) last announced its earnings results on Tuesday, November 19th. The retailer reported $0.58 EPS for the quarter, topping analysts’ consensus estimates of $0.53 by $0.05. The business had revenue of $169.59 billion during the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same period in the previous year, the company posted $0.51 earnings per share. As a group, equities research analysts predict that Walmart Inc. will post 2.48 earnings per share for the current fiscal year.

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.