Walmart Inc. (NYSE:WMT) Shares Purchased by Simon Quick Advisors LLC

Simon Quick Advisors LLC increased its holdings in Walmart Inc. (NYSE:WMT) by 15.4% in the fourth quarter, HoldingsChannel.com reports. The firm owned 22,456 shares of the retailer’s stock after buying an additional 3,002 shares during the quarter. Simon Quick Advisors LLC’s holdings in Walmart were worth $2,029,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Peterson Financial Group Inc. acquired a new position in shares of Walmart during the 3rd quarter worth about $26,000. Decker Retirement Planning Inc. acquired a new position in shares of Walmart during the fourth quarter valued at approximately $32,000. Voisard Asset Management Group Inc. lifted its position in shares of 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 in the last quarter. Hoese & Co LLP acquired a new stake in shares of Walmart in the third quarter worth approximately $33,000. Finally, Livelsberger Financial Advisory purchased a new stake in shares of Walmart during the third quarter worth approximately $36,000. Hedge funds and other institutional investors own 26.76% of the company’s stock.

Walmart Stock Performance

NYSE:WMT 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 company has a fifty day simple moving average of $91.47 and a two-hundred day simple moving average of $81.79. The company has a quick ratio of 0.23, a current ratio of 0.85 and a debt-to-equity ratio of 0.42. The company has a market cap of $749.19 billion, a price-to-earnings ratio of 38.27, a price-to-earnings-growth ratio of 4.42 and a beta of 0.55.

Walmart (NYSE:WMT) last issued its quarterly earnings results on Tuesday, November 19th. The retailer reported $0.58 earnings per share for the quarter, topping the consensus estimate of $0.53 by $0.05. The company 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%. Walmart’s revenue was up 5.5% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.51 EPS. As a group, equities analysts anticipate that Walmart Inc. will post 2.47 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CEO C Douglas Mcmillon sold 29,124 shares of the 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 transaction, the chief executive officer now owns 3,814,805 shares of the company’s stock, valued at $348,825,769.20. This represents a 0.76 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, EVP Daniel J. Bartlett sold 1,830 shares of Walmart stock in a transaction dated Wednesday, January 15th. The stock was sold at an average price of $91.07, for a total value of $166,658.10. Following the sale, the executive vice president now directly owns 460,705 shares of the company’s stock, valued at $41,956,404.35. This trade represents a 0.40 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 97,928 shares of company stock worth $8,978,123. Company insiders own 45.58% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on WMT shares. Piper Sandler lifted their target price on shares of Walmart from $83.00 to $93.00 and gave the stock an “overweight” rating in a research note on Monday, November 18th. BMO Capital Markets boosted their price target on shares of Walmart from $80.00 to $100.00 and gave the stock an “outperform” rating in a research report on Monday, November 18th. Roth Mkm increased their price objective on shares of Walmart from $81.00 to $97.00 and gave the company a “buy” rating in a report on Wednesday, November 20th. Bank of America boosted their target price on Walmart from $95.00 to $105.00 and gave the stock a “buy” rating in a report on Wednesday, November 20th. Finally, Morgan Stanley upped their price target on Walmart from $100.00 to $106.00 and gave the company an “overweight” rating in a research report on Tuesday. Two 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 company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $94.69.

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.