Heartwood Wealth Advisors LLC Has $796,000 Stake in Walmart Inc. (NYSE:WMT)

Heartwood Wealth Advisors LLC raised its position in shares of Walmart Inc. (NYSE:WMT) by 4.3% during the 4th quarter, Holdings Channel.com reports. The firm owned 8,808 shares of the retailer’s stock after acquiring an additional 360 shares during the period. Heartwood Wealth Advisors LLC’s holdings in Walmart were worth $796,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Kozak & Associates Inc. boosted its stake in shares of Walmart by 22.3% during the 4th quarter. Kozak & Associates Inc. now owns 619 shares of the retailer’s stock worth $56,000 after acquiring an additional 113 shares in the last quarter. Summit Financial Wealth Advisors LLC raised its position in shares of Walmart by 0.5% in the third quarter. Summit Financial Wealth Advisors LLC now owns 23,720 shares of the retailer’s stock valued at $1,915,000 after purchasing an additional 118 shares during the period. Providence Wealth Advisors LLC boosted its holdings in shares of Walmart by 0.3% during the 3rd quarter. Providence Wealth Advisors LLC now owns 43,549 shares of the retailer’s stock worth $3,591,000 after buying an additional 122 shares during the period. 3Chopt Investment Partners LLC grew its position in shares of Walmart by 0.4% in the third quarter. 3Chopt Investment Partners LLC now owns 32,633 shares of the retailer’s stock valued at $2,635,000 after purchasing an additional 124 shares during the last quarter. Finally, CAP Partners LLC boosted its position in shares of Walmart by 2.1% in the third quarter. CAP Partners LLC now owns 6,054 shares of the retailer’s stock valued at $489,000 after acquiring an additional 125 shares during the period. Institutional investors and hedge funds own 26.76% of the company’s stock.

Walmart Price Performance

Shares of Walmart stock traded up $1.70 on Friday, reaching $93.50. 11,773,728 shares of the stock were exchanged, compared to its average volume of 12,693,666. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.23 and a current ratio of 0.85. The firm has a market cap of $751.12 billion, a PE ratio of 38.37, a P/E/G ratio of 4.47 and a beta of 0.55. The firm’s 50 day moving average is $90.16 and its 200-day moving average is $80.29. Walmart Inc. has a one year low of $53.39 and a one year high of $96.18.

Walmart (NYSE:WMT) last released its quarterly earnings data 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. The business had revenue of $169.59 billion for 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% compared to the same quarter last year. During the same period last year, the firm posted $0.51 earnings per share. As a group, analysts anticipate that Walmart Inc. will post 2.47 EPS for the current fiscal year.

Insiders Place Their Bets

In other Walmart news, EVP John R. Furner sold 13,125 shares of the stock in a transaction that occurred on Thursday, October 24th. The stock was sold at an average price of $82.96, for a total transaction of $1,088,850.00. Following the transaction, the executive vice president now directly owns 593,040 shares in the company, valued at approximately $49,198,598.40. This represents a 2.17 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO C Douglas Mcmillon sold 29,124 shares of Walmart stock in a transaction on Thursday, December 26th. The shares were sold at an average price of $92.35, for a total transaction of $2,689,601.40. Following the completion of the sale, the chief executive officer now directly owns 3,785,702 shares of the company’s stock, valued at approximately $349,609,579.70. This trade represents a 0.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 140,412 shares of company stock valued at $12,478,116. 45.58% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several research firms recently commented on WMT. Barclays upped their target price on shares of Walmart from $90.00 to $98.00 and gave the company an “overweight” rating in a research note on Thursday. Truist Financial lifted their price objective on Walmart from $89.00 to $98.00 and gave the stock a “buy” rating in a report on Wednesday, November 20th. Tigress Financial raised their price objective on shares of Walmart from $86.00 to $115.00 and gave the stock a “buy” rating in a report on Friday, December 13th. Bank of America lifted their price objective on Walmart from $95.00 to $105.00 and gave the company a “buy” rating in a report on Wednesday, November 20th. Finally, Piper Sandler raised their target price on Walmart from $83.00 to $93.00 and gave the stock an “overweight” rating in a research report on Monday, November 18th. Two research analysts have rated the stock with a hold rating, twenty-nine have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Walmart presently has an average rating of “Moderate Buy” and an average price target of $94.08.

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.