Accuvest Global Advisors Purchases 10,466 Shares of Walmart Inc. (NYSE:WMT)

Accuvest Global Advisors increased its position in shares of Walmart Inc. (NYSE:WMT) by 20.3% during the 4th quarter, HoldingsChannel reports. The fund owned 61,944 shares of the retailer’s stock after acquiring an additional 10,466 shares during the quarter. Walmart comprises approximately 7.9% of Accuvest Global Advisors’ portfolio, making the stock its 3rd biggest holding. Accuvest Global Advisors’ holdings in Walmart were worth $5,627,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Peterson Financial Group Inc. acquired a new stake in shares of Walmart during the third quarter worth $26,000. Fiduciary Advisors Inc. acquired a new stake in Walmart in the fourth quarter valued at $27,000. Voisard Asset Management Group Inc. lifted its holdings in Walmart by 77.3% in the third 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 period. Decker Retirement Planning Inc. purchased a new position in shares of Walmart in the fourth quarter valued at $32,000. Finally, Livelsberger Financial Advisory purchased a new position in shares of Walmart in the third quarter valued at $36,000. Institutional investors and hedge funds own 26.76% of the company’s stock.

Wall Street Analyst Weigh In

WMT has been the subject of a number of research analyst reports. Stifel Nicolaus raised their price target on Walmart from $89.00 to $94.00 and gave the company a “hold” rating in a research report on Tuesday, December 10th. Royal Bank of Canada reiterated an “outperform” rating and set a $105.00 price objective on shares of Walmart in a research report on Wednesday, January 15th. Piper Sandler lifted their price objective on Walmart from $93.00 to $118.00 and gave the stock an “overweight” rating in a research report on Tuesday. Citigroup lifted their price objective on Walmart from $98.00 to $120.00 and gave the stock a “buy” rating in a research report on Tuesday, February 11th. Finally, Wells Fargo & Company lifted their price objective on Walmart from $100.00 to $108.00 and gave the stock an “overweight” rating in a research report on Monday, February 3rd. Two equities 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. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $101.87.

Insiders Place Their Bets

In related news, EVP John D. Rainey sold 38,000 shares of the company’s stock in a transaction 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 sale, the executive vice president now directly owns 257,281 shares of the company’s stock, valued at $25,419,362.80. This represents a 12.87 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Robert Edward Jr. Moritz purchased 5,446 shares of the stock in a transaction dated Wednesday, November 27th. The shares were purchased at an average price of $91.81 per share, with a total value of $499,997.26. Following the transaction, the director now directly owns 7,805 shares of the company’s stock, valued at approximately $716,577.05. The trade was a 230.86 % increase in their position. The disclosure for this purchase can be found here. Insiders sold a total of 175,177 shares of company stock worth $16,403,728 over the last ninety days. 45.58% of the stock is owned by company insiders.

Walmart Stock Performance

Shares of WMT opened at $103.73 on Wednesday. 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 stock has a market cap of $833.31 billion, a P/E ratio of 42.57, a PEG ratio of 4.30 and a beta of 0.55. The company has a 50-day moving average of $95.38 and a two-hundred day moving average of $86.05. Walmart Inc. has a 12-month low of $57.60 and a 12-month high of $105.30.

Walmart (NYSE:WMT) last issued 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. 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 the consensus estimate of $167.69 billion. During the same period in the previous year, the firm posted $0.51 earnings per share. The company’s quarterly revenue was up 5.5% compared to the same quarter last year. As a group, research analysts predict that Walmart Inc. will post 2.48 EPS 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.