Walmart Inc. (NYSE:WMT) Position Lifted by XML Financial LLC

XML Financial LLC raised its stake in Walmart Inc. (NYSE:WMT) by 8.4% in the 4th quarter, Holdings Channel.com reports. The firm owned 26,568 shares of the retailer’s stock after acquiring an additional 2,053 shares during the period. XML Financial LLC’s holdings in Walmart were worth $2,400,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of WMT. Dakota Community Bank & Trust NA raised its holdings in shares of Walmart by 4.0% during the fourth quarter. Dakota Community Bank & Trust NA now owns 2,879 shares of the retailer’s stock worth $260,000 after purchasing an additional 110 shares during the period. Kozak & Associates Inc. grew its position in shares of Walmart by 22.3% during the 4th quarter. Kozak & Associates Inc. now owns 619 shares of the retailer’s stock valued at $56,000 after buying an additional 113 shares during the last quarter. Summit Financial Wealth Advisors LLC raised its stake in Walmart by 0.5% during the third quarter. Summit Financial Wealth Advisors LLC now owns 23,720 shares of the retailer’s stock worth $1,915,000 after acquiring an additional 118 shares during the period. Lowe Wealth Advisors LLC lifted its holdings in Walmart by 13.5% in the fourth quarter. Lowe Wealth Advisors LLC now owns 1,018 shares of the retailer’s stock worth $92,000 after acquiring an additional 121 shares during the last quarter. Finally, Providence Wealth Advisors LLC boosted its stake in Walmart by 0.3% in the third quarter. Providence Wealth Advisors LLC now owns 43,549 shares of the retailer’s stock valued at $3,591,000 after acquiring an additional 122 shares during the period. Institutional investors own 26.76% of the company’s stock.

Walmart Price Performance

Walmart stock opened at $93.26 on Thursday. Walmart Inc. has a 52 week low of $53.44 and a 52 week high of $96.18. The firm has a market cap of $749.19 billion, a P/E ratio of 38.27, a P/E/G ratio of 4.42 and a beta of 0.55. 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 business’s fifty day moving average is $91.47 and its two-hundred day moving average is $81.79.

Walmart (NYSE:WMT) last issued its quarterly earnings data 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 firm had revenue of $169.59 billion for the quarter, compared to analyst estimates of $167.69 billion. During the same quarter in the prior year, the firm earned $0.51 EPS. The company’s revenue was up 5.5% on a year-over-year basis. Equities research analysts forecast that Walmart Inc. will post 2.47 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the company. Bank of America increased their price target on Walmart from $95.00 to $105.00 and gave the stock a “buy” rating in a research report on Wednesday, November 20th. Guggenheim raised their target price on Walmart from $90.00 to $100.00 and gave the company a “buy” rating in a research note on Wednesday, November 20th. Morgan Stanley upped their price target on shares of Walmart from $100.00 to $106.00 and gave the stock an “overweight” rating in a research report on Tuesday. Truist Financial lifted their price objective on shares of Walmart from $89.00 to $98.00 and gave the company a “buy” rating in a research report on Wednesday, November 20th. Finally, StockNews.com cut shares of Walmart from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, November 20th. Two analysts have rated the stock with a hold rating, twenty-nine have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, Walmart has a consensus rating of “Moderate Buy” and an average target price of $94.69.

Insider Activity at Walmart

In other news, CEO C Douglas Mcmillon sold 29,124 shares of Walmart stock in a transaction on Wednesday, November 27th. The stock was sold at an average price of $91.44, for a total value of $2,663,098.56. Following the completion of the sale, the chief executive officer now directly owns 3,814,805 shares of the company’s stock, valued at approximately $348,825,769.20. This trade represents a 0.76 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP John R. Furner sold 13,125 shares of the company’s stock in a transaction on Wednesday, November 27th. The shares were sold at an average price of $92.00, for a total value of $1,207,500.00. Following the transaction, the executive vice president now directly owns 579,915 shares in the company, valued at $53,352,180. This trade represents a 2.21 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 97,928 shares of company stock valued at $8,978,123 over the last quarter. Corporate insiders own 45.58% of the company’s stock.

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.