7,512 Shares in Walmart Inc. (NYSE:WMT) Bought by Persium Advisors LLC

Persium Advisors LLC purchased a new position in shares of Walmart Inc. (NYSE:WMT) in the fourth quarter, HoldingsChannel reports. The institutional investor purchased 7,512 shares of the retailer’s stock, valued at approximately $679,000. Walmart accounts for 0.7% of Persium Advisors LLC’s portfolio, making the stock its 19th largest position.

A number of other institutional investors have also recently added to or reduced their stakes in WMT. William Blair Investment Management LLC boosted its position in Walmart by 307.8% during the 2nd quarter. William Blair Investment Management LLC now owns 202,506 shares of the retailer’s stock worth $13,712,000 after purchasing an additional 152,845 shares during the period. Fairfield Financial Advisors LTD acquired a new position in Walmart in the 2nd quarter worth $167,000. Bcwm LLC boosted its position in Walmart by 1.2% in the 2nd quarter. Bcwm LLC now owns 127,842 shares of the retailer’s stock valued at $8,656,000 after buying an additional 1,544 shares during the last quarter. Black Diamond Financial LLC purchased a new position in Walmart in the 2nd quarter valued at about $237,000. Finally, Wealth Dimensions Group Ltd. boosted its position in Walmart by 3.0% in the 2nd quarter. Wealth Dimensions Group Ltd. now owns 7,520 shares of the retailer’s stock valued at $509,000 after buying an additional 222 shares during the last quarter. 26.76% of the stock is owned by hedge funds and other institutional investors.

Walmart Price Performance

Shares of NYSE:WMT opened at $91.39 on Tuesday. The firm’s 50 day moving average is $90.56 and its two-hundred day moving average is $80.80. Walmart Inc. has a 52 week low of $53.44 and a 52 week high of $96.18. The firm has a market capitalization of $734.17 billion, a P/E ratio of 37.51, a PEG ratio of 4.47 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.

Walmart (NYSE:WMT) last posted its quarterly earnings data on Tuesday, November 19th. The retailer reported $0.58 EPS for the quarter, beating analysts’ consensus estimates 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 analyst estimates of $167.69 billion. During the same quarter last year, the business earned $0.51 earnings per share. The business’s revenue for the quarter was up 5.5% on a year-over-year basis. Analysts anticipate that Walmart Inc. will post 2.47 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the stock. TD Cowen upped their price objective on shares of Walmart from $90.00 to $100.00 and gave the company a “buy” rating in a research report on Wednesday, November 20th. Truist Financial upped their price objective on shares of Walmart from $89.00 to $98.00 and gave the company a “buy” rating in a research report on Wednesday, November 20th. StockNews.com cut shares of Walmart from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, November 20th. Barclays upped their price objective on shares of Walmart from $90.00 to $98.00 and gave the company an “overweight” rating in a research report on Thursday, January 9th. Finally, Telsey Advisory Group upped their price objective on shares of Walmart from $92.00 to $100.00 and gave the company an “outperform” rating in a research report on Tuesday, November 19th. Two 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. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $94.08.

Insider Activity at Walmart

In other Walmart news, CEO C Douglas Mcmillon sold 29,124 shares of Walmart stock in a transaction that occurred on Thursday, December 26th. The shares were sold at an average price of $92.35, for a total value of $2,689,601.40. Following the transaction, the chief executive officer now owns 3,785,702 shares in the company, valued at approximately $349,609,579.70. The trade was a 0.76 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, SVP David Chojnowski sold 5,600 shares of Walmart stock in a transaction that occurred on Wednesday, November 27th. The stock was sold at an average price of $91.45, for a total transaction of $512,120.00. Following the completion of 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 position. The disclosure for this sale can be found here. Insiders have sold 138,347 shares of company stock worth $12,311,491 over the last quarter. 45.58% of the stock is currently owned by company insiders.

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.