Total Investment Management Inc. Has $1.70 Million Holdings in Walmart Inc. (NYSE:WMT)

Total Investment Management Inc. increased its stake in shares of Walmart Inc. (NYSE:WMT) by 378.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 18,770 shares of the retailer’s stock after buying an additional 14,846 shares during the quarter. Walmart accounts for 0.2% of Total Investment Management Inc.’s investment portfolio, making the stock its 21st largest holding. Total Investment Management Inc.’s holdings in Walmart were worth $1,696,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also bought and sold shares of the company. Creative Planning lifted its holdings in Walmart by 4.9% during the 3rd quarter. Creative Planning now owns 1,800,743 shares of the retailer’s stock worth $142,973,000 after purchasing an additional 83,376 shares in the last quarter. Swedbank AB grew its position in Walmart by 0.4% during the 3rd quarter. Swedbank AB now owns 5,345,293 shares of the retailer’s stock worth $431,632,000 after acquiring an additional 18,644 shares during the last quarter. KMG Fiduciary Partners LLC lifted its holdings in Walmart by 3.3% in the 3rd quarter. KMG Fiduciary Partners LLC now owns 19,235 shares of the retailer’s stock worth $1,553,000 after buying an additional 609 shares during the period. Alta Wealth Advisors LLC lifted its holdings in Walmart by 10.1% in the 3rd quarter. Alta Wealth Advisors LLC now owns 14,602 shares of the retailer’s stock worth $1,179,000 after buying an additional 1,339 shares during the period. Finally, AA Financial Advisors LLC lifted its holdings in Walmart by 13.8% in the 3rd quarter. AA Financial Advisors LLC now owns 11,833 shares of the retailer’s stock worth $956,000 after buying an additional 1,433 shares during the period. Institutional investors own 26.76% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently commented on WMT. Oppenheimer raised their target price on Walmart from $100.00 to $110.00 and gave the company an “outperform” rating in a research note on Wednesday, February 5th. Citigroup raised their target price on Walmart from $98.00 to $120.00 and gave the company a “buy” rating in a research note on Tuesday, February 11th. TD Cowen lifted their price objective on Walmart from $90.00 to $100.00 and gave the company a “buy” rating in a research note on Wednesday, November 20th. Evercore ISI lifted their price objective on Walmart from $94.00 to $96.00 and gave the company an “outperform” rating in a research note on Tuesday, December 3rd. Finally, Telsey Advisory Group lifted their price objective on Walmart from $105.00 to $115.00 and gave the company an “outperform” rating in a research note on Wednesday, February 12th. Two equities research 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 MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $100.53.

Insider Activity

In other Walmart news, CEO C Douglas Mcmillon sold 29,124 shares of the business’s stock in a transaction on Wednesday, November 27th. The shares were sold at an average price of $91.44, for a total value of $2,663,098.56. Following the completion of the transaction, the chief executive officer now owns 3,814,805 shares in the company, valued at $348,825,769.20. The trade was a 0.76 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Robert Edward Jr. Moritz purchased 5,446 shares of the company’s stock in a transaction on Wednesday, November 27th. The stock was acquired at an average price of $91.81 per share, with a total value of $499,997.26. Following the purchase, the director now owns 7,805 shares of the company’s stock, valued at approximately $716,577.05. This represents a 230.86 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last 90 days, 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 Price Performance

NYSE WMT opened at $104.04 on Monday. The stock’s fifty day moving average price is $94.99 and its 200 day moving average price is $85.44. The company has a market cap of $835.78 billion, a price-to-earnings ratio of 42.70, a PEG ratio of 4.25 and a beta of 0.55. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.85 and a quick ratio of 0.23. Walmart Inc. has a 1 year low of $55.99 and a 1 year high of $105.30.

Walmart (NYSE:WMT) last announced its quarterly earnings results on Tuesday, November 19th. The retailer reported $0.58 earnings per share 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 last year, the firm earned $0.51 EPS. The firm’s revenue for the quarter was up 5.5% compared to the same quarter last year. As a group, equities research analysts forecast that Walmart Inc. will post 2.48 earnings per share 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.