Outlook Wealth Advisors LLC Has $1.36 Million Stock Position in Walmart Inc. (NYSE:WMT)

Outlook Wealth Advisors LLC raised its holdings in Walmart Inc. (NYSE:WMT) by 1.8% during the fourth quarter, Holdings Channel reports. The institutional investor owned 15,058 shares of the retailer’s stock after buying an additional 268 shares during the quarter. Outlook Wealth Advisors LLC’s holdings in Walmart were worth $1,360,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Essex Savings Bank raised its holdings in shares of Walmart by 0.7% in the fourth quarter. Essex Savings Bank now owns 45,773 shares of the retailer’s stock valued at $4,136,000 after purchasing an additional 310 shares during the last quarter. St. Louis Financial Planners Asset Management LLC grew its holdings in Walmart by 31.8% during the fourth quarter. St. Louis Financial Planners Asset Management LLC now owns 36,719 shares of the retailer’s stock valued at $3,318,000 after purchasing an additional 8,852 shares during the period. BluePath Capital Management LLC increased its holdings in Walmart by 12.2% in the 4th quarter. BluePath Capital Management LLC now owns 14,540 shares of the retailer’s stock worth $1,331,000 after acquiring an additional 1,580 shares during the last quarter. Sendero Wealth Management LLC raised its position in shares of Walmart by 5.2% in the fourth quarter. Sendero Wealth Management LLC now owns 4,704 shares of the retailer’s stock valued at $425,000 after purchasing an additional 231 shares during the period. Finally, Pinnacle Bancorp Inc. grew its position in shares of Walmart by 2.4% in the fourth quarter. Pinnacle Bancorp Inc. now owns 11,338 shares of the retailer’s stock valued at $1,024,000 after purchasing an additional 269 shares in the last quarter. Institutional investors and hedge funds own 26.76% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have commented on WMT. Roth Mkm raised their price target on shares of Walmart from $81.00 to $97.00 and gave the company a “buy” rating in a report on Wednesday, November 20th. Barclays lifted their price target on Walmart from $90.00 to $98.00 and gave the stock an “overweight” rating in a research note on Thursday, January 9th. BMO Capital Markets increased their target price on shares of Walmart from $80.00 to $100.00 and gave the company an “outperform” rating in a report on Monday, November 18th. Bank of America lifted their price target on Walmart from $95.00 to $105.00 and gave the stock a “buy” rating in a research note on Wednesday, November 20th. Finally, Oppenheimer increased their target price on shares of Walmart from $81.00 to $90.00 and gave the stock an “outperform” rating in a report on Monday, October 14th. Two equities research analysts have rated the stock with a hold rating, twenty-nine have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Walmart has an average rating of “Moderate Buy” and a consensus target price of $94.49.

Walmart Price Performance

Shares of Walmart stock opened at $91.33 on Friday. The firm has a market cap of $733.70 billion, a PE ratio of 37.48, a PEG ratio of 4.41 and a beta of 0.55. The stock has a 50 day moving average of $90.86 and a 200 day moving average of $81.03. 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 Inc. has a 12 month low of $53.44 and a 12 month high of $96.18.

Walmart (NYSE:WMT) last posted its earnings results on Tuesday, November 19th. The retailer reported $0.58 EPS for the quarter, beating analysts’ consensus estimates of $0.53 by $0.05. The firm had revenue of $169.59 billion during the quarter, compared to the consensus estimate of $167.69 billion. Walmart had a return on equity of 21.78% and a net margin of 2.92%. The company’s quarterly revenue was up 5.5% compared to the same quarter last year. During the same period in the prior year, the company earned $0.51 EPS. On average, research analysts expect that Walmart Inc. will post 2.47 EPS for the current fiscal year.

Insider Activity

In other news, SVP David Chojnowski sold 5,600 shares of the business’s 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 transaction, the senior vice president now owns 87,404 shares of the company’s stock, valued at approximately $7,993,095.80. The trade was a 6.02 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO C Douglas Mcmillon sold 29,124 shares of the stock in a transaction on Thursday, October 24th. The shares were sold at an average price of $82.79, for a total value of $2,411,175.96. Following the sale, the chief executive officer now owns 3,843,929 shares in the company, valued at $318,238,881.91. The trade was a 0.75 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 138,347 shares of company stock worth $12,311,491. 45.58% of the stock is currently owned by corporate insiders.

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.