Accelerate Investment Advisors LLC Makes New Investment in Walmart Inc. (NYSE:WMT)

Accelerate Investment Advisors LLC bought a new stake in shares of Walmart Inc. (NYSE:WMT) in the 4th quarter, HoldingsChannel reports. The fund bought 3,019 shares of the retailer’s stock, valued at approximately $273,000.

Other hedge funds also recently made changes to their positions in the company. Cooper Financial Group boosted its stake in Walmart by 6.8% in the fourth quarter. Cooper Financial Group now owns 46,958 shares of the retailer’s stock valued at $4,243,000 after acquiring an additional 2,980 shares during the last quarter. Wedmont Private Capital lifted its stake in Walmart by 14.5% in the fourth quarter. Wedmont Private Capital now owns 63,925 shares of the retailer’s stock valued at $5,945,000 after purchasing an additional 8,083 shares during the last quarter. Westmount Partners LLC raised its stake in shares of Walmart by 1.6% in the fourth quarter. Westmount Partners LLC now owns 55,830 shares of the retailer’s stock valued at $5,044,000 after buying an additional 886 shares during the period. Salem Investment Counselors Inc. grew its stake in shares of Walmart by 1.2% during the 4th quarter. Salem Investment Counselors Inc. now owns 336,761 shares of the retailer’s stock worth $30,487,000 after acquiring an additional 3,997 shares during the period. Finally, JTC Employer Solutions Trustee Ltd raised its stake in Walmart by 200.0% in the 4th quarter. JTC Employer Solutions Trustee Ltd now owns 4,500 shares of the retailer’s stock valued at $408,000 after acquiring an additional 3,000 shares during the period. 26.76% of the stock is currently owned by institutional investors.

Walmart Trading Down 1.6 %

NYSE:WMT traded down $1.46 during midday trading on Monday, reaching $91.54. 10,201,681 shares of the stock traded hands, compared to its average volume of 13,255,322. The stock has a market capitalization of $735.38 billion, a P/E ratio of 37.57, a PEG ratio of 4.47 and a beta of 0.55. Walmart Inc. has a 12 month low of $53.44 and a 12 month high of $96.18. 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 company has a fifty day moving average of $90.38 and a 200 day moving average of $80.63.

Walmart (NYSE:WMT) last released its quarterly earnings results 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. 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 analysts’ expectations of $167.69 billion. During the same quarter in the previous year, the business posted $0.51 earnings per share. The firm’s revenue for the quarter was up 5.5% compared to the same quarter last year. On average, research analysts predict that Walmart Inc. will post 2.47 EPS for the current year.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the stock. Stifel Nicolaus increased their target price on shares of Walmart from $89.00 to $94.00 and gave the stock a “hold” rating in a research report on Tuesday, December 10th. StockNews.com cut shares of Walmart from a “strong-buy” rating to a “buy” rating in a report on Wednesday, November 20th. TD Cowen increased their price objective on Walmart from $90.00 to $100.00 and gave the stock a “buy” rating in a report on Wednesday, November 20th. UBS Group increased their price target on shares of Walmart from $92.00 to $100.00 and gave the stock a “buy” rating in a report on Wednesday, November 20th. Finally, Telsey Advisory Group raised their price target on shares of Walmart from $92.00 to $100.00 and gave the company an “outperform” rating in a report on Tuesday, November 19th. Two analysts have rated the stock with a hold rating, twenty-nine have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $94.08.

Insider Buying and Selling at Walmart

In other Walmart news, EVP John R. Furner sold 13,125 shares of the stock in a transaction on Thursday, December 26th. The stock was sold at an average price of $92.60, for a total transaction of $1,215,375.00. Following the sale, the executive vice president now directly owns 566,794 shares in the company, valued at approximately $52,485,124.40. This trade represents a 2.26 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO C Douglas Mcmillon sold 29,124 shares of the business’s stock in a transaction on Thursday, October 24th. The stock was sold at an average price of $82.79, for a total value of $2,411,175.96. Following the completion of the transaction, the chief executive officer now owns 3,843,929 shares of the company’s stock, valued at $318,238,881.91. This represents a 0.75 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 140,412 shares of company stock worth $12,478,116. 45.58% of the stock is owned by 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.