Boston Financial Mangement LLC Has $2.76 Million Stock Position in Walmart Inc. (NYSE:WMT)

Boston Financial Mangement LLC boosted its stake in Walmart Inc. (NYSE:WMT) by 4.3% in the fourth quarter, Holdings Channel reports. The firm owned 30,519 shares of the retailer’s stock after purchasing an additional 1,245 shares during the quarter. Boston Financial Mangement LLC’s holdings in Walmart were worth $2,757,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Fiduciary Advisors Inc. acquired a new position in shares of Walmart in the 4th quarter valued at approximately $27,000. Peterson Financial Group Inc. bought a new stake in Walmart during the third quarter worth $26,000. Decker Retirement Planning Inc. acquired a new stake in shares of Walmart in the 4th quarter valued at $32,000. Voisard Asset Management Group Inc. increased its stake in shares of Walmart by 77.3% in the 3rd quarter. Voisard Asset Management Group Inc. now owns 399 shares of the retailer’s stock valued at $32,000 after purchasing an additional 174 shares during the last quarter. Finally, Hara Capital LLC acquired a new position in shares of Walmart during the 3rd quarter worth $37,000. Institutional investors own 26.76% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the company. Tigress Financial lifted their target price on Walmart from $86.00 to $115.00 and gave the company a “buy” rating in a research report on Friday, December 13th. UBS Group upped their price objective on shares of Walmart from $100.00 to $113.00 and gave the stock a “buy” rating in a research report on Friday, January 31st. Oppenheimer raised their target price on shares of Walmart from $100.00 to $110.00 and gave the company an “outperform” rating in a research report on Wednesday, February 5th. JPMorgan Chase & Co. upped their price target on shares of Walmart from $97.00 to $112.00 and gave the stock an “overweight” rating in a report on Monday, February 10th. Finally, TD Cowen raised their price objective on Walmart from $90.00 to $100.00 and gave the company a “buy” rating in a report on Wednesday, November 20th. Two 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 stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $101.87.

Walmart Stock Performance

Shares of WMT stock opened at $103.90 on Thursday. The firm has a 50 day moving average of $95.56 and a 200-day moving average of $86.17. The company has a market cap of $834.69 billion, a price-to-earnings ratio of 42.64, a price-to-earnings-growth ratio of 4.39 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. Walmart Inc. has a 52 week low of $57.60 and a 52 week high of $105.30.

Walmart (NYSE:WMT) last issued its 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. Walmart had a return on equity of 21.78% and a net margin of 2.92%. The company had revenue of $169.59 billion during the quarter, compared to the consensus estimate of $167.69 billion. During the same period last year, the business posted $0.51 EPS. The firm’s revenue for the quarter was up 5.5% compared to the same quarter last year. On average, equities analysts forecast that Walmart Inc. will post 2.48 earnings per share for the current year.

Insider Buying and Selling at Walmart

In related news, EVP Daniel J. Bartlett sold 1,830 shares of the 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 $41,956,404.35. This trade represents a 0.40 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP John D. Rainey sold 38,000 shares of the business’s stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $98.80, for a total transaction of $3,754,400.00. Following the sale, the executive vice president now owns 257,281 shares of the company’s stock, valued at $25,419,362.80. This trade represents a 12.87 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 175,177 shares of company stock valued at $16,403,728. Company insiders own 45.58% of the company’s stock.

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.