Financial Enhancement Group LLC Invests $366,000 in Walmart Inc. (NYSE:WMT)

Financial Enhancement Group LLC acquired a new stake in Walmart Inc. (NYSE:WMT) in the 4th quarter, according to its most recent filing with the SEC. The fund acquired 3,997 shares of the retailer’s stock, valued at approximately $366,000.

A number of other large investors have also bought and sold shares of WMT. Garner Asset Management Corp raised its stake in shares of Walmart by 10.0% in the 2nd quarter. Garner Asset Management Corp now owns 45,432 shares of the retailer’s stock valued at $3,076,000 after purchasing an additional 4,133 shares during the period. Mittelman Wealth Management bought a new position in shares of Walmart during the second quarter worth about $227,000. WCG Wealth Advisors LLC grew its holdings in shares of Walmart by 2.3% during the second quarter. WCG Wealth Advisors LLC now owns 94,503 shares of the retailer’s stock worth $6,399,000 after buying an additional 2,134 shares in the last quarter. Delaney Dennis R acquired a new stake in Walmart in the 2nd quarter valued at approximately $200,000. Finally, Austin Asset Management Co Inc lifted its stake in Walmart by 2.4% in the 2nd quarter. Austin Asset Management Co Inc now owns 8,307 shares of the retailer’s stock valued at $562,000 after acquiring an additional 195 shares in the last quarter. 26.76% of the stock is owned by institutional investors.

Insider Buying and Selling at Walmart

In related news, EVP John R. Furner sold 13,125 shares of the firm’s stock in a transaction dated Thursday, December 26th. The shares were sold at an average price of $92.60, for a total value of $1,215,375.00. Following the transaction, the executive vice president now owns 566,794 shares of the company’s stock, valued at approximately $52,485,124.40. This trade represents a 2.26 % decrease in their position. The sale 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 business’s stock in a transaction that occurred on Thursday, October 24th. The stock was sold at an average price of $82.79, for a total value of $2,411,175.96. Following the sale, the chief executive officer now directly owns 3,843,929 shares of the company’s stock, valued at $318,238,881.91. This represents a 0.75 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 138,347 shares of company stock worth $12,311,491. 45.58% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

WMT has been the subject of several research reports. Wells Fargo & Company raised their price target on shares of Walmart from $96.00 to $100.00 and gave the stock an “overweight” rating in a research note on Friday, January 10th. Redburn Atlantic raised shares of Walmart to a “strong-buy” rating in a research report on Monday, September 23rd. Sanford C. Bernstein boosted their price target on shares of Walmart from $98.00 to $102.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 20th. Melius Research initiated coverage on Walmart in a report on Monday, September 23rd. They issued a “buy” rating and a $95.00 price objective for the company. Finally, Stifel Nicolaus upped their target price on Walmart from $89.00 to $94.00 and gave the stock a “hold” rating in a report on Tuesday, December 10th. 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 company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $94.49.

Walmart Price Performance

Shares of NYSE WMT opened at $91.33 on Friday. The firm has a market capitalization of $733.70 billion, a P/E ratio of 37.48, a P/E/G ratio of 4.41 and a beta of 0.55. The firm’s 50-day moving average price is $90.86 and its 200-day moving average price is $81.03. 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 1-year low of $53.44 and a 1-year high of $96.18.

Walmart (NYSE:WMT) last posted its quarterly earnings results on Tuesday, November 19th. The retailer reported $0.58 earnings per share 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 the consensus estimate of $167.69 billion. Walmart had a return on equity of 21.78% and a net margin of 2.92%. The firm’s revenue for the quarter was up 5.5% on a year-over-year basis. During the same period in the prior year, the business earned $0.51 EPS. Equities research analysts anticipate that Walmart Inc. will post 2.47 earnings per share for the current fiscal year.

Walmart Company 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.