Proactive Wealth Strategies LLC Takes Position in Walmart Inc. (NYSE:WMT)

Proactive Wealth Strategies LLC acquired a new stake in shares of Walmart Inc. (NYSE:WMT) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 16,421 shares of the retailer’s stock, valued at approximately $1,484,000.

Other hedge funds have also recently made changes to their positions in the company. Fiduciary Advisors Inc. purchased a new position in shares of Walmart during the fourth quarter valued at approximately $27,000. Peterson Financial Group Inc. purchased a new stake in Walmart during the third quarter valued at approximately $26,000. Decker Retirement Planning Inc. purchased a new stake in Walmart during the fourth quarter valued at approximately $32,000. Voisard Asset Management Group Inc. increased its holdings in Walmart by 77.3% during the third quarter. Voisard Asset Management Group Inc. now owns 399 shares of the retailer’s stock valued at $32,000 after buying an additional 174 shares during the last quarter. Finally, Livelsberger Financial Advisory purchased a new stake in Walmart during the third quarter valued at approximately $36,000. 26.76% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

WMT has been the subject of a number of research reports. Truist Financial upped their target price on shares of Walmart from $98.00 to $111.00 and gave the company a “buy” rating in a report on Tuesday, February 11th. StockNews.com cut shares of Walmart from a “strong-buy” rating to a “buy” rating in a report on Wednesday, November 20th. Guggenheim upped their price target on shares of Walmart from $90.00 to $100.00 and gave the stock a “buy” rating in a research report on Wednesday, November 20th. Bank of America upped their price target on shares of Walmart from $95.00 to $105.00 and gave the stock a “buy” rating in a research report on Wednesday, November 20th. Finally, Barclays upped their price target on shares of Walmart from $98.00 to $108.00 and gave the stock an “overweight” rating in a research report on Friday, February 14th. Two 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’s stock. According to data from MarketBeat, Walmart currently has a consensus rating of “Moderate Buy” and a consensus price target of $101.87.

Insider Activity

In related news, Director Robert Edward Jr. Moritz purchased 5,446 shares of Walmart stock in a transaction that occurred on Wednesday, November 27th. The shares were bought at an average price of $91.81 per share, with a total value of $499,997.26. Following the purchase, the director now directly owns 7,805 shares of the company’s stock, valued at approximately $716,577.05. This represents a 230.86 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Daniel J. Bartlett sold 1,830 shares of the firm’s stock in a transaction dated Wednesday, January 15th. The stock was sold at an average price of $91.07, for a total transaction of $166,658.10. Following the completion of the transaction, the executive vice president now directly owns 460,705 shares in the company, valued at $41,956,404.35. This represents a 0.40 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 175,177 shares of company stock valued at $16,403,728. 45.58% of the stock is currently owned by company insiders.

Walmart Trading Down 0.3 %

Shares of WMT opened at $103.73 on Wednesday. Walmart Inc. has a twelve month low of $57.60 and a twelve month high of $105.30. The company has a market cap of $833.31 billion, a P/E ratio of 42.57, a P/E/G ratio of 4.30 and a beta of 0.55. 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 company’s fifty day simple moving average is $95.38 and its 200-day simple moving average is $86.05.

Walmart (NYSE:WMT) last announced its earnings results on Tuesday, November 19th. The retailer reported $0.58 earnings per share for the quarter, beating the consensus estimate of $0.53 by $0.05. Walmart had a net margin of 2.92% and a return on equity of 21.78%. The business had revenue of $169.59 billion for the quarter, compared to the consensus estimate of $167.69 billion. During the same quarter in the prior year, the firm posted $0.51 earnings per share. The business’s revenue for the quarter was up 5.5% on a year-over-year basis. As a group, analysts expect that Walmart Inc. will post 2.48 EPS for the current year.

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.