Precision Wealth Strategies LLC Buys Shares of 14,032 Walmart Inc. (NYSE:WMT)

Precision Wealth Strategies LLC purchased a new position in shares of Walmart Inc. (NYSE:WMT) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 14,032 shares of the retailer’s stock, valued at approximately $1,268,000. Walmart accounts for about 1.0% of Precision Wealth Strategies LLC’s portfolio, making the stock its 20th largest position.

Other large investors have also made changes to their positions in the company. Dakota Community Bank & Trust NA boosted its position in Walmart by 4.0% during the 4th quarter. Dakota Community Bank & Trust NA now owns 2,879 shares of the retailer’s stock valued at $260,000 after buying an additional 110 shares during the period. Kozak & Associates Inc. raised its holdings in shares of Walmart by 22.3% during the fourth quarter. Kozak & Associates Inc. now owns 619 shares of the retailer’s stock valued at $56,000 after acquiring an additional 113 shares in the last quarter. Summit Financial Wealth Advisors LLC lifted its stake in Walmart by 0.5% in 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. Hanson & Doremus Investment Management lifted its position in shares of Walmart by 1.0% in the 4th quarter. Hanson & Doremus Investment Management now owns 12,609 shares of the retailer’s stock worth $1,139,000 after purchasing an additional 120 shares during the period. Finally, Lowe Wealth Advisors LLC boosted its stake in shares of Walmart by 13.5% during the 4th quarter. Lowe Wealth Advisors LLC now owns 1,018 shares of the retailer’s stock valued at $92,000 after purchasing an additional 121 shares in the last quarter. Institutional investors and hedge funds own 26.76% of the company’s stock.

Insider Transactions at Walmart

In other news, EVP Daniel J. Bartlett sold 1,830 shares of Walmart stock in a transaction on Wednesday, January 15th. The stock was sold at an average price of $91.07, for a total value of $166,658.10. Following the transaction, 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 sale was disclosed in a legal filing with the SEC, which can be accessed 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 transaction of $2,697,464.88. Following the completion of the sale, the chief executive officer now owns 3,766,491 shares in the company, valued at $348,852,396.42. This represents a 0.77 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 137,177 shares of company stock valued at $12,649,328. 45.58% of the stock is currently owned by company insiders.

Walmart Stock Performance

NYSE WMT opened at $99.60 on Tuesday. The company has a market cap of $800.13 billion, a P/E ratio of 40.88, a P/E/G ratio of 4.49 and a beta of 0.55. The business’s 50 day moving average price is $93.07 and its 200-day moving average price is $83.27. Walmart Inc. has a fifty-two week low of $55.85 and a fifty-two week high of $99.79. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.23 and a current ratio of 0.85.

Walmart (NYSE:WMT) last issued its quarterly earnings results on Tuesday, November 19th. The retailer reported $0.58 EPS for the quarter, beating 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 net margin of 2.92% and a return on equity of 21.78%. The firm’s revenue was up 5.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.51 EPS. Sell-side analysts predict that Walmart Inc. will post 2.48 earnings per share for the current year.

Analysts Set New Price Targets

WMT has been the subject of several research reports. Piper Sandler increased their target price on Walmart from $83.00 to $93.00 and gave the stock an “overweight” rating in a research report on Monday, November 18th. StockNews.com lowered Walmart from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, November 20th. Tigress Financial upped their target price on shares of Walmart from $86.00 to $115.00 and gave the stock a “buy” rating in a research note on Friday, December 13th. Roth Mkm increased their target price on Walmart from $81.00 to $97.00 and gave the company a “buy” rating in a research note on Wednesday, November 20th. Finally, Royal Bank of Canada restated an “outperform” rating and issued a $105.00 price target on shares of Walmart in a research note on Wednesday, January 15th. Two equities research analysts have rated the stock with a hold rating, twenty-nine have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $95.37.

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.