Iams Wealth Management LLC Buys New Position in Walmart Inc. (NYSE:WMT)

Iams Wealth Management LLC purchased a new position in shares of Walmart Inc. (NYSE:WMT) in the 4th quarter, HoldingsChannel reports. The firm purchased 3,222 shares of the retailer’s stock, valued at approximately $291,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of WMT. Dakota Community Bank & Trust NA boosted its position in Walmart by 4.0% during the fourth quarter. Dakota Community Bank & Trust NA now owns 2,879 shares of the retailer’s stock valued at $260,000 after acquiring an additional 110 shares during the last quarter. Kozak & Associates Inc. boosted 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 purchasing an additional 113 shares in the last quarter. Summit Financial Wealth Advisors LLC grew 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 purchasing an additional 118 shares during the period. Lowe Wealth Advisors LLC increased 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 purchasing an additional 121 shares in the last quarter. Finally, Moody Lynn & Lieberson LLC lifted its stake in Walmart by 0.9% in the fourth quarter. Moody Lynn & Lieberson LLC now owns 13,903 shares of the retailer’s stock valued at $1,256,000 after buying an additional 121 shares during the period. Institutional investors and hedge funds own 26.76% of the company’s stock.

Insider Transactions at Walmart

In other Walmart news, EVP John R. Furner sold 13,125 shares of the stock in a transaction dated Thursday, January 23rd. The shares were sold at an average price of $92.96, for a total transaction of $1,220,100.00. Following the completion of the transaction, the executive vice president now owns 568,626 shares in the company, valued at $52,859,472.96. This trade represents a 2.26 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Daniel J. Bartlett sold 1,830 shares of the business’s stock in a transaction that occurred on Wednesday, January 15th. The shares were sold at an average price of $91.07, for a total transaction of $166,658.10. Following the completion of the sale, the executive vice president now directly owns 460,705 shares in the company, valued at approximately $41,956,404.35. This trade represents a 0.40 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 137,177 shares of company stock worth $12,649,328. 45.58% of the stock is owned by company insiders.

Walmart Stock Performance

Shares of WMT stock opened at $98.61 on Friday. 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 firm has a market cap of $792.15 billion, a price-to-earnings ratio of 40.47, a P/E/G ratio of 4.42 and a beta of 0.55. Walmart Inc. has a 52 week low of $55.04 and a 52 week high of $98.93. The firm’s 50-day simple moving average is $92.71 and its two-hundred day simple moving average is $82.79.

Walmart (NYSE:WMT) last posted its quarterly earnings results 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 company had revenue of $169.59 billion for the quarter, compared to analysts’ expectations of $167.69 billion. During the same quarter in the previous year, the firm posted $0.51 EPS. Walmart’s revenue was up 5.5% on a year-over-year basis. As a group, equities analysts forecast that Walmart Inc. will post 2.48 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on WMT shares. DZ Bank lowered shares of Walmart from a “buy” rating to a “hold” rating and set a $91.00 price objective for the company. in a research note on Thursday, November 21st. Robert W. Baird upped their price objective on shares of Walmart from $90.00 to $100.00 and gave the company an “outperform” rating in a report on Wednesday, November 20th. Truist Financial raised their target price on Walmart from $89.00 to $98.00 and gave the company a “buy” rating in a research note on Wednesday, November 20th. TD Cowen upped their price target on Walmart from $90.00 to $100.00 and gave the stock a “buy” rating in a research note on Wednesday, November 20th. Finally, Roth Mkm boosted their price objective on Walmart from $81.00 to $97.00 and gave the company a “buy” rating in a report on Wednesday, November 20th. Two research analysts have rated the stock with a hold rating, twenty-nine have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price 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.