Kathmere Capital Management LLC Purchases 3,752 Shares of Walmart Inc. (NYSE:WMT)

Kathmere Capital Management LLC boosted its position in Walmart Inc. (NYSE:WMT) by 7.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 54,655 shares of the retailer’s stock after acquiring an additional 3,752 shares during the period. Kathmere Capital Management LLC’s holdings in Walmart were worth $4,938,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in WMT. Peterson Financial Group Inc. bought a new position in shares of Walmart in the 3rd quarter worth $26,000. Voisard Asset Management Group Inc. grew its holdings in shares of Walmart by 77.3% during the third quarter. Voisard Asset Management Group Inc. now owns 399 shares of the retailer’s stock valued at $32,000 after buying an additional 174 shares during the last quarter. Hoese & Co LLP acquired a new stake in shares of Walmart in the 3rd quarter worth about $33,000. Livelsberger Financial Advisory bought a new position in Walmart in the 3rd quarter valued at about $36,000. Finally, Hara Capital LLC bought a new stake in Walmart during the 3rd quarter worth approximately $37,000. Institutional investors and hedge funds own 26.76% of the company’s stock.

Walmart Trading Down 0.8 %

Shares of WMT stock opened at $90.79 on Wednesday. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.85 and a quick ratio of 0.23. The business has a 50-day moving average of $90.70 and a 200 day moving average of $80.96. The stock has a market capitalization of $729.35 billion, a PE ratio of 37.26, a P/E/G ratio of 4.47 and a beta of 0.55. Walmart Inc. has a 1-year low of $53.44 and a 1-year high of $96.18.

Walmart (NYSE:WMT) last issued its earnings results on Tuesday, November 19th. The retailer reported $0.58 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.53 by $0.05. Walmart had a net margin of 2.92% and a return on equity of 21.78%. The firm had revenue of $169.59 billion for the quarter, compared to analysts’ expectations of $167.69 billion. During the same quarter last year, the business earned $0.51 earnings per share. The business’s revenue was up 5.5% on a year-over-year basis. As a group, sell-side analysts anticipate that Walmart Inc. will post 2.47 earnings per share for the current year.

Analysts Set New Price Targets

WMT has been the topic of several analyst reports. Roth Mkm lifted their target price on Walmart from $81.00 to $97.00 and gave the company a “buy” rating in a research report on Wednesday, November 20th. Morgan Stanley upped their target price on shares of Walmart from $89.00 to $100.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 20th. Evercore ISI boosted their price target on shares of Walmart from $94.00 to $96.00 and gave the stock an “outperform” rating in a report on Tuesday, December 3rd. Wells Fargo & Company upped their price objective on shares of Walmart from $96.00 to $100.00 and gave the stock an “overweight” rating in a research report on Friday, January 10th. Finally, Oppenheimer lifted their target price on Walmart from $81.00 to $90.00 and gave the stock an “outperform” rating in a research note on Monday, October 14th. Two equities research analysts have rated the stock with a hold rating, twenty-nine have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Walmart presently has an average rating of “Moderate Buy” and a consensus target price of $94.08.

Insiders Place Their Bets

In related news, Director Robert Edward Jr. Moritz purchased 5,446 shares of the firm’s stock in a transaction that occurred on Wednesday, November 27th. The stock was bought at an average cost of $91.81 per share, with a total value of $499,997.26. Following the completion of the purchase, the director now directly owns 7,805 shares in the company, valued at approximately $716,577.05. This represents a 230.86 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO C Douglas Mcmillon sold 29,124 shares of Walmart stock in a transaction that occurred on Thursday, October 24th. The shares were 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 in the company, valued at approximately $318,238,881.91. The trade was 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 currently owned by company insiders.

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.