Pineridge Advisors LLC Buys 953 Shares of Walmart Inc. (NYSE:WMT)

Pineridge Advisors LLC boosted its stake in shares of Walmart Inc. (NYSE:WMT) by 14.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 7,514 shares of the retailer’s stock after purchasing an additional 953 shares during the period. Walmart comprises 0.3% of Pineridge Advisors LLC’s portfolio, making the stock its 26th largest holding. Pineridge Advisors LLC’s holdings in Walmart were worth $679,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in WMT. Peterson Financial Group Inc. bought a new position in Walmart during the third quarter valued at approximately $26,000. Fiduciary Advisors Inc. bought a new position in Walmart in the fourth quarter worth approximately $27,000. Voisard Asset Management Group Inc. raised its position in Walmart by 77.3% in the third quarter. Voisard Asset Management Group Inc. now owns 399 shares of the retailer’s stock worth $32,000 after acquiring an additional 174 shares during the period. Decker Retirement Planning Inc. bought a new position in Walmart in the fourth quarter worth approximately $32,000. Finally, Livelsberger Financial Advisory bought a new position in Walmart in the third quarter worth approximately $36,000. Institutional investors own 26.76% of the company’s stock.

Insider Transactions at Walmart

In other news, EVP John D. Rainey sold 38,000 shares of the firm’s stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $98.80, for a total value of $3,754,400.00. Following the completion of the sale, the executive vice president now owns 257,281 shares in the company, valued at approximately $25,419,362.80. This trade represents a 12.87 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, 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 Wednesday, November 27th. The stock was sold at an average price of $91.44, for a total transaction of $2,663,098.56. Following the completion of the sale, the chief executive officer now owns 3,814,805 shares of the company’s stock, valued at $348,825,769.20. This trade represents a 0.76 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 175,177 shares of company stock worth $16,403,728. 45.58% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on WMT shares. Barclays increased their price target on shares of Walmart from $90.00 to $98.00 and gave the stock an “overweight” rating in a research report on Thursday, January 9th. Wells Fargo & Company increased their price target on shares of Walmart from $100.00 to $108.00 and gave the stock an “overweight” rating in a research report on Monday, February 3rd. UBS Group increased their price target on shares of Walmart from $100.00 to $113.00 and gave the stock a “buy” rating in a research report on Friday, January 31st. Telsey Advisory Group raised their price objective on shares of Walmart from $92.00 to $100.00 and gave the company an “outperform” rating in a research report on Tuesday, November 19th. Finally, Evercore ISI raised their price objective on shares of Walmart from $94.00 to $96.00 and gave the company an “outperform” rating in a research report on Tuesday, December 3rd. Two research analysts have rated the stock with a hold rating, twenty-nine have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $98.08.

Walmart Stock Performance

Shares of NYSE:WMT opened at $102.45 on Wednesday. Walmart Inc. has a 52 week low of $55.85 and a 52 week high of $103.11. The stock has a market capitalization of $822.98 billion, a P/E ratio of 42.04, a PEG ratio of 4.25 and a beta of 0.55. The firm has a fifty day simple moving average of $94.27 and a two-hundred day simple moving average of $84.59. The company has a quick ratio of 0.23, a current ratio of 0.85 and a debt-to-equity ratio of 0.42.

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 business had revenue of $169.59 billion during the quarter, compared to analysts’ expectations of $167.69 billion. During the same period last year, the company posted $0.51 EPS. The business’s revenue was up 5.5% on a year-over-year basis. On average, analysts expect 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.