Walmart Inc. (NYSE:WMT) Shares Bought by Nilsine Partners LLC

Nilsine Partners LLC grew its position in Walmart Inc. (NYSE:WMT) by 41.0% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 37,850 shares of the retailer’s stock after acquiring an additional 11,003 shares during the quarter. Nilsine Partners LLC’s holdings in Walmart were worth $3,420,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the business. Peterson Financial Group Inc. acquired a new position in shares of Walmart in the third quarter valued at approximately $26,000. Voisard Asset Management Group Inc. increased its stake in 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 buying an additional 174 shares during the period. Decker Retirement Planning Inc. acquired a new position in Walmart in the 4th quarter valued at $32,000. Hoese & Co LLP purchased a new position in Walmart during the 3rd quarter worth $33,000. Finally, Livelsberger Financial Advisory acquired a new stake in shares of Walmart in the 3rd quarter worth $36,000. 26.76% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

WMT has been the subject of several analyst reports. Royal Bank of Canada reissued an “outperform” rating and set a $105.00 price target on shares of Walmart in a report on Wednesday, January 15th. Guggenheim increased their target price on Walmart from $90.00 to $100.00 and gave the stock a “buy” rating in a research note on Wednesday, November 20th. Bank of America lifted their price target on Walmart from $95.00 to $105.00 and gave the company a “buy” rating in a research note on Wednesday, November 20th. Piper Sandler increased their price objective on Walmart from $83.00 to $93.00 and gave the stock an “overweight” rating in a research report on Monday, November 18th. Finally, TD Cowen boosted their target price on shares of Walmart from $90.00 to $100.00 and gave the stock a “buy” rating in a research report on Wednesday, November 20th. 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 stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $94.69.

Insider Transactions at Walmart

In related news, CEO C Douglas Mcmillon sold 29,124 shares of the company’s stock in a transaction that occurred on Wednesday, November 27th. The shares were sold at an average price of $91.44, for a total transaction of $2,663,098.56. Following the completion of the transaction, the chief executive officer now owns 3,814,805 shares of the company’s stock, valued at approximately $348,825,769.20. This represents a 0.76 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Daniel J. Bartlett sold 1,830 shares of Walmart stock in a transaction on Wednesday, January 15th. The shares were sold at an average price of $91.07, for a total transaction of $166,658.10. Following the completion of the transaction, the executive vice president now owns 460,705 shares in the company, valued at approximately $41,956,404.35. This trade represents a 0.40 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 140,177 shares of company stock worth $12,895,688 in the last three months. Company insiders own 45.58% of the company’s stock.

Walmart Stock Up 0.3 %

WMT stock opened at $97.55 on Thursday. The company has a 50 day moving average price of $92.50 and a two-hundred day moving average price of $82.69. 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 stock has a market capitalization of $783.66 billion, a P/E ratio of 40.03, a PEG ratio of 4.42 and a beta of 0.55. Walmart Inc. has a one year low of $54.54 and a one year high of $98.17.

Walmart (NYSE:WMT) last announced its quarterly earnings data on Tuesday, November 19th. The retailer reported $0.58 EPS for the quarter, beating analysts’ consensus estimates of $0.53 by $0.05. Walmart had a return on equity of 21.78% and a net margin of 2.92%. The business had revenue of $169.59 billion during the quarter, compared to the consensus estimate of $167.69 billion. During the same quarter in the previous year, the business earned $0.51 earnings per share. The business’s revenue for the quarter was up 5.5% on a year-over-year basis. As a group, sell-side analysts expect that Walmart Inc. will post 2.48 EPS for the current year.

About Walmart

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.