Sargent Investment Group LLC Buys 3,836 Shares of Walmart Inc. (NYSE:WMT)

Sargent Investment Group LLC increased its stake in shares of Walmart Inc. (NYSE:WMT) by 5.0% during the 4th quarter, Holdings Channel reports. The fund owned 80,760 shares of the retailer’s stock after acquiring an additional 3,836 shares during the period. Walmart comprises approximately 1.2% of Sargent Investment Group LLC’s investment portfolio, making the stock its 22nd largest position. Sargent Investment Group LLC’s holdings in Walmart were worth $7,392,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also bought and sold shares of the company. Jennison Associates LLC lifted its position in Walmart by 479.6% in the 3rd quarter. Jennison Associates LLC now owns 18,479,259 shares of the retailer’s stock valued at $1,492,200,000 after acquiring an additional 15,290,936 shares in the last quarter. FMR LLC grew its stake in shares of Walmart by 12.9% in the 3rd quarter. FMR LLC now owns 63,135,639 shares of the retailer’s stock worth $5,098,203,000 after acquiring an additional 7,200,004 shares in the last quarter. International Assets Investment Management LLC lifted its position in shares of Walmart by 8,814.4% during the third quarter. International Assets Investment Management LLC now owns 6,963,218 shares of the retailer’s stock valued at $562,280,000 after purchasing an additional 6,885,106 shares in the last quarter. Geode Capital Management LLC boosted its holdings in Walmart by 3.3% during the third quarter. Geode Capital Management LLC now owns 87,617,409 shares of the retailer’s stock worth $7,048,465,000 after purchasing an additional 2,786,061 shares during the last quarter. Finally, Fisher Asset Management LLC boosted its holdings in Walmart by 4.6% during the third quarter. Fisher Asset Management LLC now owns 47,659,844 shares of the retailer’s stock worth $3,848,533,000 after purchasing an additional 2,107,197 shares during the last quarter. 26.76% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts have commented on the stock. StockNews.com cut shares of Walmart from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, November 20th. Truist Financial lifted their price target on Walmart from $89.00 to $98.00 and gave the stock a “buy” rating in a report on Wednesday, November 20th. BMO Capital Markets upped their price objective on Walmart from $80.00 to $100.00 and gave the company an “outperform” rating in a research note on Monday, November 18th. Jefferies Financial Group lifted their target price on Walmart from $105.00 to $111.00 and gave the stock a “buy” rating in a research note on Tuesday, December 17th. Finally, Morgan Stanley increased their price target on shares of Walmart from $100.00 to $106.00 and gave the company an “overweight” rating in a research report on Tuesday, January 21st. 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 company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $96.01.

Insider Transactions at Walmart

In other Walmart news, EVP John D. Rainey sold 38,000 shares of the company’s stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $98.80, for a total value of $3,754,400.00. Following the completion of the sale, the executive vice president now owns 257,281 shares of the company’s stock, valued at $25,419,362.80. This represents a 12.87 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO C Douglas Mcmillon sold 29,124 shares of Walmart stock in a transaction that occurred on Wednesday, November 27th. The stock was sold at an average price of $91.44, for a total transaction of $2,663,098.56. Following the transaction, the chief executive officer now directly owns 3,814,805 shares in the company, valued at $348,825,769.20. This trade represents a 0.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 175,177 shares of company stock valued at $16,403,728 in the last quarter. Insiders own 45.58% of the company’s stock.

Walmart Price Performance

Walmart stock opened at $102.86 on Friday. The stock has a market cap of $826.30 billion, a price-to-earnings ratio of 42.21, a PEG ratio of 4.49 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. The business has a 50-day simple moving average of $93.67 and a 200 day simple moving average of $83.82. Walmart Inc. has a 52 week low of $55.85 and a 52 week high of $103.02.

Walmart (NYSE:WMT) last issued its quarterly earnings data on Tuesday, November 19th. The retailer reported $0.58 EPS for the quarter, topping the consensus estimate of $0.53 by $0.05. The company had revenue of $169.59 billion during the quarter, compared to analyst estimates 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 previous year, the firm earned $0.51 earnings per share. On average, research analysts forecast that Walmart Inc. will post 2.48 earnings per share for the current fiscal year.

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.