Avidian Wealth Enterprises LLC Acquires 1,040 Shares of Walmart Inc. (NYSE:WMT)

Avidian Wealth Enterprises LLC increased its holdings in shares of Walmart Inc. (NYSE:WMT) by 2.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 40,559 shares of the retailer’s stock after purchasing an additional 1,040 shares during the period. Avidian Wealth Enterprises LLC’s holdings in Walmart were worth $3,665,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the business. Creative Planning lifted its stake in Walmart by 4.9% in the 3rd quarter. Creative Planning now owns 1,800,743 shares of the retailer’s stock valued at $142,973,000 after acquiring an additional 83,376 shares in the last quarter. Swedbank AB lifted its stake in Walmart by 0.4% in the 3rd quarter. Swedbank AB now owns 5,345,293 shares of the retailer’s stock valued at $431,632,000 after acquiring an additional 18,644 shares in the last quarter. Prospect Financial Services LLC bought a new stake in Walmart in the 3rd quarter valued at approximately $285,000. First United Bank & Trust lifted its stake in Walmart by 8.7% in the 3rd quarter. First United Bank & Trust now owns 8,555 shares of the retailer’s stock valued at $691,000 after acquiring an additional 685 shares in the last quarter. Finally, Acorn Creek Capital LLC bought a new stake in Walmart in the 3rd quarter valued at approximately $258,000. Institutional investors own 26.76% of the company’s stock.

Walmart Stock Up 1.1 %

WMT stock opened at $103.62 on Thursday. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.85 and a quick ratio of 0.23. The stock has a market capitalization of $832.42 billion, a price-to-earnings ratio of 42.53, a PEG ratio of 4.25 and a beta of 0.55. The business’s fifty day moving average price is $94.45 and its two-hundred day moving average price is $84.82. Walmart Inc. has a fifty-two week low of $55.85 and a fifty-two week high of $103.90.

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

Insiders Place Their Bets

In related news, SVP David Chojnowski sold 5,600 shares of the firm’s stock in a transaction on Wednesday, November 27th. The stock was sold at an average price of $91.45, for a total value of $512,120.00. Following the transaction, the senior vice president now owns 87,404 shares in the company, valued at approximately $7,993,095.80. This trade represents a 6.02 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO C Douglas Mcmillon sold 29,124 shares of the firm’s stock in a transaction on Wednesday, November 27th. The stock was sold at an average price of $91.44, for a total value of $2,663,098.56. Following the completion of the transaction, the chief executive officer now owns 3,814,805 shares in the company, valued at $348,825,769.20. The trade was a 0.76 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 175,177 shares of company stock worth $16,403,728 in the last 90 days. Company insiders own 45.58% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have commented on WMT. Jefferies Financial Group boosted their target price on Walmart from $105.00 to $111.00 and gave the company a “buy” rating in a research note on Tuesday, December 17th. Piper Sandler boosted their target price on Walmart from $83.00 to $93.00 and gave the company an “overweight” rating in a research note on Monday, November 18th. BMO Capital Markets boosted their target price on Walmart from $80.00 to $100.00 and gave the company an “outperform” rating in a research note on Monday, November 18th. TD Cowen boosted their price target on Walmart from $90.00 to $100.00 and gave the stock a “buy” rating in a research report on Wednesday, November 20th. Finally, Robert W. Baird boosted their price target on Walmart from $90.00 to $100.00 and gave the stock an “outperform” rating in a research 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 given a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $98.56.

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.