D.A. Davidson & CO. Raises Position in Walmart Inc. (NYSE:WMT)

D.A. Davidson & CO. raised its holdings in shares of Walmart Inc. (NYSE:WMT) by 3.8% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 370,555 shares of the retailer’s stock after purchasing an additional 13,488 shares during the period. D.A. Davidson & CO.’s holdings in Walmart were worth $33,480,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Swedbank AB grew its position in Walmart by 0.4% during the third quarter. Swedbank AB now owns 5,345,293 shares of the retailer’s stock valued at $431,632,000 after buying an additional 18,644 shares during the period. Resonant Capital Advisors LLC boosted its stake in Walmart by 18.8% in the 3rd quarter. Resonant Capital Advisors LLC now owns 11,824 shares of the retailer’s stock worth $955,000 after purchasing an additional 1,867 shares during the period. Cyndeo Wealth Partners LLC grew its stake in Walmart by 21.0% during the third quarter. Cyndeo Wealth Partners LLC now owns 25,623 shares of the retailer’s stock valued at $2,069,000 after acquiring an additional 4,455 shares in the last quarter. McClarren Financial Advisors Inc. increased its holdings in shares of Walmart by 351.1% in the third quarter. McClarren Financial Advisors Inc. now owns 1,218 shares of the retailer’s stock worth $98,000 after purchasing an additional 948 shares during the last quarter. Finally, Violich Capital Management Inc. boosted its stake in Walmart by 1.5% during the third quarter. Violich Capital Management Inc. now owns 13,175 shares of the retailer’s stock valued at $1,064,000 after buying an additional 200 shares during the last quarter. 26.76% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Walmart

In related news, EVP Daniel J. Bartlett sold 1,830 shares of the business’s stock in a transaction on Wednesday, January 15th. The shares were sold at an average price of $91.07, for a total value of $166,658.10. Following the completion of the sale, the executive vice president now owns 460,705 shares of the company’s stock, valued at approximately $41,956,404.35. The trade was a 0.40 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Robert Edward Jr. Moritz acquired 5,446 shares of the firm’s stock in a transaction on Wednesday, November 27th. The shares were bought at an average cost of $91.81 per share, for a total transaction of $499,997.26. Following the completion of the acquisition, the director now owns 7,805 shares of the company’s stock, valued at approximately $716,577.05. This represents a 230.86 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last three months, insiders have sold 175,177 shares of company stock valued at $16,403,728. 45.58% of the stock is owned by insiders.

Analyst Ratings Changes

A number of equities analysts have commented on WMT shares. Barclays lifted their price objective on shares of Walmart from $98.00 to $108.00 and gave the stock an “overweight” rating in a research note on Friday. Tigress Financial increased their price target on Walmart from $86.00 to $115.00 and gave the stock a “buy” rating in a report on Friday, December 13th. Telsey Advisory Group boosted their price objective on Walmart from $105.00 to $115.00 and gave the company an “outperform” rating in a report on Wednesday, February 12th. Robert W. Baird raised their price target on shares of Walmart from $90.00 to $100.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 20th. Finally, Wells Fargo & Company increased their price objective on Walmart from $100.00 to $108.00 and gave the stock an “overweight” rating in a research note on Monday, February 3rd. Two equities research analysts have rated the stock with a hold rating, twenty-nine have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $100.53.

Walmart Stock Down 1.0 %

NYSE:WMT opened at $104.04 on Tuesday. The company has a market cap of $835.78 billion, a PE ratio of 42.70, a P/E/G ratio of 4.25 and a beta of 0.55. The company has a current ratio of 0.85, a quick ratio of 0.23 and a debt-to-equity ratio of 0.42. Walmart Inc. has a twelve month low of $55.99 and a twelve month high of $105.30. The company’s 50 day moving average is $94.99 and its two-hundred day moving average is $85.56.

Walmart (NYSE:WMT) last issued its earnings results on Tuesday, November 19th. The retailer reported $0.58 EPS for the quarter, beating analysts’ consensus estimates of $0.53 by $0.05. The firm had revenue of $169.59 billion for the quarter, compared to analyst estimates of $167.69 billion. Walmart had a return on equity of 21.78% and a net margin of 2.92%. During the same quarter in the prior year, the firm earned $0.51 earnings per share. Walmart’s revenue for the quarter was up 5.5% on a year-over-year basis. Analysts anticipate 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.