Walmart Inc. (NYSE:WMT) Shares Purchased by Strong Tower Advisory Services

Strong Tower Advisory Services raised its position in Walmart Inc. (NYSE:WMT) by 3.4% in the 4th quarter, Holdings Channel reports. The fund owned 30,037 shares of the retailer’s stock after purchasing an additional 992 shares during the period. Walmart accounts for 0.7% of Strong Tower Advisory Services’ holdings, making the stock its 29th biggest holding. Strong Tower Advisory Services’ holdings in Walmart were worth $2,714,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the company. Wealth Management Partners LLC increased its position in shares of Walmart by 5.8% during the fourth quarter. Wealth Management Partners LLC now owns 15,506 shares of the retailer’s stock worth $1,401,000 after acquiring an additional 846 shares during the last quarter. Access Financial Services Inc. purchased a new stake in Walmart during the 4th quarter worth approximately $264,000. M.E. Allison & CO. Inc. acquired a new position in shares of Walmart in the 4th quarter valued at approximately $490,000. FOCUS Wealth Advisors LLC boosted its stake in shares of Walmart by 733.1% during the 4th quarter. FOCUS Wealth Advisors LLC now owns 21,960 shares of the retailer’s stock valued at $1,984,000 after buying an additional 19,324 shares during the last quarter. Finally, Trueblood Wealth Management LLC grew its position in shares of Walmart by 17.1% during the fourth quarter. Trueblood Wealth Management LLC now owns 14,879 shares of the retailer’s stock worth $1,344,000 after buying an additional 2,177 shares in the last quarter. Hedge funds and other institutional investors own 26.76% of the company’s stock.

Insider Activity at Walmart

In other news, EVP John D. Rainey sold 3,000 shares of the business’s stock in a transaction on Friday, November 1st. The stock was sold at an average price of $82.12, for a total transaction of $246,360.00. Following the sale, the executive vice president now directly owns 378,165 shares of the company’s stock, valued at $31,054,909.80. The trade was a 0.79 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Daniel J. Bartlett sold 1,830 shares of the 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 transaction, the executive vice president now owns 460,705 shares of the company’s stock, valued at $41,956,404.35. This trade represents a 0.40 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 140,177 shares of company stock valued at $12,478,149 over the last ninety days. Insiders own 45.58% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have commented on WMT shares. UBS Group increased their price objective on shares of Walmart from $92.00 to $100.00 and gave the company a “buy” rating in a research note on Wednesday, November 20th. Sanford C. Bernstein increased 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. BMO Capital Markets boosted their price objective on Walmart from $80.00 to $100.00 and gave the company an “outperform” rating in a report on Monday, November 18th. Wells Fargo & Company increased their target price on Walmart from $96.00 to $100.00 and gave the stock an “overweight” rating in a report on Friday, January 10th. Finally, Melius Research began coverage on Walmart in a report on Monday, September 23rd. They issued a “buy” rating and a $95.00 price target for the company. Two investment analysts have rated the stock with a hold rating, twenty-nine have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $94.49.

Walmart Stock Up 0.8 %

WMT opened at $92.02 on Tuesday. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.23 and a current ratio of 0.85. The company has a market capitalization of $739.19 billion, a PE ratio of 37.76, a P/E/G ratio of 4.41 and a beta of 0.55. The stock’s fifty day moving average is $91.15 and its 200-day moving average is $81.46. Walmart Inc. has a one year low of $53.44 and a one year high of $96.18.

Walmart (NYSE:WMT) last issued its quarterly earnings results on Tuesday, November 19th. The retailer reported $0.58 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 period in the previous year, the business earned $0.51 earnings per share. Walmart’s revenue for the quarter was up 5.5% compared to the same quarter last year. On average, equities analysts predict that Walmart Inc. will post 2.47 EPS 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.