Morris Financial Concepts Inc. Grows Stake in Walmart Inc. (NYSE:WMT)

Morris Financial Concepts Inc. lifted its stake in shares of Walmart Inc. (NYSE:WMT) by 17.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 4,019 shares of the retailer’s stock after purchasing an additional 596 shares during the period. Morris Financial Concepts Inc.’s holdings in Walmart were worth $363,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of the stock. Howard Bailey Securities LLC grew its stake in shares of Walmart by 65.4% during the 4th quarter. Howard Bailey Securities LLC now owns 4,422 shares of the retailer’s stock worth $400,000 after acquiring an additional 1,748 shares during the period. Tranquility Partners LLC lifted its stake in shares of Walmart by 5.3% during the 4th quarter. Tranquility Partners LLC now owns 4,906 shares of the retailer’s stock valued at $443,000 after buying an additional 246 shares in the last quarter. PrairieView Partners LLC grew its stake in Walmart by 134.5% in the 4th quarter. PrairieView Partners LLC now owns 1,360 shares of the retailer’s stock valued at $122,000 after buying an additional 780 shares in the last quarter. Hemington Wealth Management grew its stake in Walmart by 7.4% in the 4th quarter. Hemington Wealth Management now owns 5,152 shares of the retailer’s stock valued at $465,000 after buying an additional 356 shares in the last quarter. Finally, Park Capital Management LLC WI bought a new stake in Walmart during the 4th quarter valued at $1,011,000. Institutional investors own 26.76% of the company’s stock.

Insider Activity at Walmart

In other Walmart news, Director Robert Edward Jr. Moritz acquired 5,446 shares of the business’s stock in a transaction dated Wednesday, November 27th. The shares were purchased at an average cost of $91.81 per share, for a total transaction of $499,997.26. Following the transaction, the director now owns 7,805 shares in the company, valued at $716,577.05. This represents a 230.86 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP John D. Rainey sold 38,000 shares of the business’s stock in a transaction that occurred on 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 transaction, the executive vice president now directly owns 257,281 shares in the company, valued at $25,419,362.80. This trade represents a 12.87 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 175,177 shares of company stock worth $16,403,728 in the last three months. 45.58% of the stock is owned by insiders.

Walmart Stock Up 1.4 %

WMT opened at $105.10 on Friday. Walmart Inc. has a 12 month low of $55.85 and a 12 month high of $105.24. 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 business’s 50-day moving average price is $94.63 and its 200-day moving average price is $84.95. The company has a market cap of $844.29 billion, a P/E ratio of 43.13, a P/E/G ratio of 4.25 and a beta of 0.55.

Walmart (NYSE:WMT) last announced its quarterly 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 for the quarter, compared to analysts’ expectations of $167.69 billion. Walmart had a return on equity of 21.78% and a net margin of 2.92%. The business’s quarterly revenue was up 5.5% on a year-over-year basis. During the same period in the previous year, the firm earned $0.51 EPS. On average, equities analysts expect that Walmart Inc. will post 2.48 EPS for the current year.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the company. UBS Group lifted their price target on Walmart from $100.00 to $113.00 and gave the company a “buy” rating in a research report on Friday, January 31st. StockNews.com lowered Walmart from a “strong-buy” rating to a “buy” rating in a report on Wednesday, November 20th. Piper Sandler increased their price target on shares of Walmart from $83.00 to $93.00 and gave the stock an “overweight” rating in a report on Monday, November 18th. Roth Mkm raised 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. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and set a $105.00 target price on shares of Walmart in a report on Wednesday, January 15th. 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 stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $98.85.

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.