Leisure Capital Management Buys Shares of 2,356 Walmart Inc. (NYSE:WMT)

Leisure Capital Management purchased a new position in shares of Walmart Inc. (NYSE:WMT) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 2,356 shares of the retailer’s stock, valued at approximately $213,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. Peterson Financial Group Inc. bought a new position in Walmart in the 3rd quarter valued at about $26,000. Fiduciary Advisors Inc. acquired a new stake in shares of Walmart in the 4th quarter worth approximately $27,000. Voisard Asset Management Group Inc. boosted its holdings 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. Decker Retirement Planning Inc. acquired a new position in shares of Walmart during the fourth quarter valued at approximately $32,000. Finally, Hoese & Co LLP bought a new stake in Walmart during the third quarter worth approximately $33,000. Institutional investors own 26.76% of the company’s stock.

Wall Street Analyst Weigh In

WMT has been the subject of a number of research reports. Truist Financial increased their price target on Walmart from $89.00 to $98.00 and gave the company a “buy” rating in a research note on Wednesday, November 20th. Wells Fargo & Company lifted their target price on Walmart from $100.00 to $108.00 and gave the stock an “overweight” rating in a report on Monday. Tigress Financial boosted their price target 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. Piper Sandler raised their price objective on shares of Walmart from $83.00 to $93.00 and gave the company an “overweight” rating in a research report on Monday, November 18th. Finally, Robert W. Baird boosted their target price on shares of Walmart from $90.00 to $100.00 and gave the stock an “outperform” rating in a report on Wednesday, November 20th. Two investment 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’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $95.37.

Walmart Price Performance

Shares of NYSE:WMT opened at $100.92 on Wednesday. The firm has a market cap of $810.71 billion, a price-to-earnings ratio of 41.42, a P/E/G ratio of 4.49 and a beta of 0.55. Walmart Inc. has a 1 year low of $55.85 and a 1 year high of $100.95. The company has a current ratio of 0.85, a quick ratio of 0.23 and a debt-to-equity ratio of 0.42. The business has a fifty day simple moving average of $93.27 and a 200 day simple moving average of $83.48.

Walmart (NYSE:WMT) last posted its quarterly earnings results on Tuesday, November 19th. The retailer reported $0.58 earnings per share for the quarter, topping analysts’ consensus estimates of $0.53 by $0.05. The company had revenue of $169.59 billion during 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%. The business’s quarterly revenue was up 5.5% on a year-over-year basis. During the same period last year, the business earned $0.51 EPS. As a group, sell-side analysts predict that Walmart Inc. will post 2.48 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Walmart news, EVP Daniel J. Bartlett sold 1,830 shares of the business’s 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 completion of the sale, the executive vice president now owns 460,705 shares of the company’s stock, valued at $41,956,404.35. The trade was a 0.40 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO C Douglas Mcmillon sold 29,124 shares of the company’s stock in a transaction dated Thursday, January 23rd. The stock was sold at an average price of $92.62, for a total value of $2,697,464.88. Following the sale, the chief executive officer now owns 3,766,491 shares of the company’s stock, valued at approximately $348,852,396.42. This trade represents a 0.77 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 137,177 shares of company stock valued at $12,649,328 over the last ninety days. 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.