Aspire Capital Advisors LLC Has $260,000 Stake in Walmart Inc. (NYSE:WMT)

Aspire Capital Advisors LLC lifted its holdings in shares of Walmart Inc. (NYSE:WMT) by 9.0% during the fourth quarter, HoldingsChannel reports. The firm owned 2,880 shares of the retailer’s stock after acquiring an additional 237 shares during the quarter. Aspire Capital Advisors LLC’s holdings in Walmart were worth $260,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Peterson Financial Group Inc. bought a new position in Walmart in the third quarter valued at approximately $26,000. Voisard Asset Management Group Inc. raised 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 worth $32,000 after acquiring an additional 174 shares during the period. Decker Retirement Planning Inc. bought a new stake in Walmart in the 4th quarter valued at $32,000. Hoese & Co LLP acquired a new position in Walmart in the 3rd quarter worth $33,000. Finally, Livelsberger Financial Advisory bought a new position in Walmart during the 3rd quarter worth about $36,000. Institutional investors own 26.76% of the company’s stock.

Analyst Ratings Changes

WMT has been the subject of several recent research reports. Sanford C. Bernstein upped their price objective on Walmart from $98.00 to $102.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 20th. Telsey Advisory Group raised their price target on shares of Walmart from $92.00 to $100.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 19th. Tigress Financial boosted their price objective on shares of Walmart from $86.00 to $115.00 and gave the stock a “buy” rating in a research report on Friday, December 13th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $105.00 target price on shares of Walmart in a research report on Wednesday, January 15th. Finally, Piper Sandler boosted their price target on shares of Walmart from $83.00 to $93.00 and gave the stock an “overweight” rating in a research report on Monday, November 18th. Two equities research analysts have rated the stock with a hold rating, twenty-nine have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Walmart currently has an average rating of “Moderate Buy” and a consensus target price of $94.69.

Walmart Stock Performance

NYSE WMT opened at $98.61 on Friday. The firm has a 50-day moving average price of $92.71 and a two-hundred day moving average price of $82.79. Walmart Inc. has a 12-month low of $55.04 and a 12-month high of $98.93. The company has a market capitalization of $792.15 billion, a P/E ratio of 40.47, a P/E/G ratio of 4.42 and a beta of 0.55. The company has a quick ratio of 0.23, a current ratio of 0.85 and a debt-to-equity ratio of 0.42.

Walmart (NYSE:WMT) last issued its quarterly earnings results on Tuesday, November 19th. The retailer reported $0.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.53 by $0.05. Walmart had a return on equity of 21.78% and a net margin of 2.92%. The business had revenue of $169.59 billion during the quarter, compared to analysts’ expectations of $167.69 billion. During the same period in the previous year, the company posted $0.51 earnings per share. The firm’s revenue for the quarter was up 5.5% compared to the same quarter last year. Analysts anticipate that Walmart Inc. will post 2.48 earnings per share for the current year.

Insider Transactions at Walmart

In other news, EVP Daniel J. Bartlett sold 1,830 shares of the business’s stock in a transaction on Wednesday, January 15th. The stock was sold at an average price of $91.07, for a total transaction 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 approximately $41,956,404.35. The trade was a 0.40 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO C Douglas Mcmillon sold 29,124 shares of the firm’s stock in a transaction dated Thursday, January 23rd. The shares were sold at an average price of $92.62, for a total value of $2,697,464.88. Following the completion of the sale, the chief executive officer now directly owns 3,766,491 shares in the company, valued at $348,852,396.42. This trade represents a 0.77 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 137,177 shares of company stock valued at $12,649,328. 45.58% of the stock is owned by corporate insiders.

About Walmart

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.