Walmart Inc. (NYSE:WMT) Holdings Lifted by TruWealth Advisors LLC

TruWealth Advisors LLC boosted its position in shares of Walmart Inc. (NYSE:WMT) by 2.8% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 33,406 shares of the retailer’s stock after buying an additional 923 shares during the quarter. TruWealth Advisors LLC’s holdings in Walmart were worth $3,018,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Jennison Associates LLC boosted its position in shares of Walmart by 479.6% in the 3rd quarter. Jennison Associates LLC now owns 18,479,259 shares of the retailer’s stock valued at $1,492,200,000 after purchasing an additional 15,290,936 shares during the period. FMR LLC boosted its position in shares of Walmart by 12.9% in the 3rd quarter. FMR LLC now owns 63,135,639 shares of the retailer’s stock valued at $5,098,203,000 after purchasing an additional 7,200,004 shares during the period. International Assets Investment Management LLC boosted its position in shares of Walmart by 8,814.4% in the 3rd quarter. International Assets Investment Management LLC now owns 6,963,218 shares of the retailer’s stock valued at $562,280,000 after purchasing an additional 6,885,106 shares during the period. Geode Capital Management LLC boosted its position in shares of Walmart by 3.3% in the 3rd quarter. Geode Capital Management LLC now owns 87,617,409 shares of the retailer’s stock valued at $7,048,465,000 after purchasing an additional 2,786,061 shares during the period. Finally, Fisher Asset Management LLC boosted its position in Walmart by 4.6% during the 3rd quarter. Fisher Asset Management LLC now owns 47,659,844 shares of the retailer’s stock worth $3,848,533,000 after acquiring an additional 2,107,197 shares during the period. Institutional investors own 26.76% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on WMT shares. Telsey Advisory Group raised their price objective on Walmart from $92.00 to $100.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 19th. Sanford C. Bernstein raised their price objective on Walmart from $98.00 to $102.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 20th. Stifel Nicolaus raised their price objective on Walmart from $89.00 to $94.00 and gave the stock a “hold” rating in a research report on Tuesday, December 10th. Morgan Stanley raised their price objective on Walmart from $89.00 to $100.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 20th. Finally, DZ Bank lowered Walmart from a “buy” rating to a “hold” rating and set a $91.00 price objective for the company. in a research report on Thursday, November 21st. Two analysts have rated the stock with a hold rating, twenty-nine have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $94.49.

Insider Transactions at Walmart

In related news, EVP Daniel J. Bartlett sold 1,830 shares of the business’s 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 sale, the executive vice president now owns 460,705 shares of the company’s stock, valued at $41,956,404.35. The trade was a 0.40 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP John D. Rainey sold 3,000 shares of the business’s stock in a transaction on Friday, November 1st. The shares were sold at an average price of $82.12, for a total value of $246,360.00. Following the completion of the sale, the executive vice president now directly owns 378,165 shares in the company, valued at approximately $31,054,909.80. This represents a 0.79 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 140,177 shares of company stock valued at $12,478,149. 45.58% of the stock is owned by corporate insiders.

Walmart Stock Performance

Shares of NYSE WMT opened at $92.02 on Monday. The company has a quick ratio of 0.23, a current ratio of 0.85 and a debt-to-equity ratio of 0.42. The business’s 50 day moving average is $91.15 and its two-hundred day moving average is $81.37. The company has a market cap of $739.19 billion, a P/E ratio of 37.76, a P/E/G ratio of 4.41 and a beta of 0.55. Walmart Inc. has a 12 month low of $53.44 and a 12 month high of $96.18.

Walmart (NYSE:WMT) last issued its quarterly earnings results on Tuesday, November 19th. The retailer reported $0.58 EPS for the quarter, topping 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 for the quarter, compared to the consensus estimate of $167.69 billion. During the same period in the previous year, the business posted $0.51 EPS. The company’s revenue for the quarter was up 5.5% on a year-over-year basis. On average, equities analysts expect that Walmart Inc. will post 2.47 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.